Originally posted by TorontoGold
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Prices in NYC are goofy. Pre-pandemic, a cheap studio would run about 2K. A one bedroom probably 2.5K. Two beds, 2.5-3K. For cheap ones...keep in mind. San Fran might be different, not sure on that
Now prices for studios have dropped a lot. 1 and 2 bedrooms can be had for 2K. I think a lot of people left the city as their leases expired and are not coming back until their work is no longer remote, or perhaps they were going to leave at some point soon anyway and this just expedited their plans. NY probably isn't getting many folks moving in now, at least until the city is open for business, so in the meantime prices go way down.
If they want to use state CPI figures, I would not be nearly as opposed.
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