We live in a city in which our mayor argues that a lack of housing is a "good sign" of a vibrant economy, so here's a question that's on most people's minds every waking moment: where the hell can we find an affordable place to live in NYC in 2013? Chris Walker analyzed market value changes between 2008 and 2012 on nearly a million residential properties across NYC to build the data visualization on housing prices you can see below. (Click on the map to drag it.)
Short analysis: Manhattan and Western Brooklyn have unsurprisingly continued to skyrocket over the last four years. Greenpoint, Chelsea, Southern Brooklyn, parts of Harlem and the Garment District have all exploded in prices; housing prices are also on the rise in the south Bronx. More surprising: they are on the decline all over Queens and eastern Brooklyn.
So despite certain reports to the contrary, we guess Ridgewood is still the way to go. Of course, take comfort knowing that everywhere in NYC is overpriced, it's probably not going to get better in the immediate future, and we've been stuck in a gentrification loop for over two decades now. Did we say take comfort? We meant take shelter. Ya know, if you can afford to.
