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January 16, 2020 1:45 pm at 1:45 pm
#1823466
kollelman
Participant
People are being priced out of Brooklyn. 40 years ago, a house in Flatbush cost about 1-2 years average salary – median household income Jan 1980 was $51k.
2019 median household income is about $64k, while family sized houses are $800k (12.5 years) and up. At the same time, standards [and therefore expenses] have risen astronomically.
Anyone have ideas for long-term solutions? (Besides mass immigration to Lakewood and its environs)