Having a dinky appartment that is still expensive is not worth it unless you’re young and don’t have kids and want to be around everything you care about. Or you’re rich and don’t mind paying a fortune to live in a nicer appartment in Manhattan. If I had the money I would still prefer something outside Manhattan just to be able to avoid the noise pollution, the crowds and all that Manhattan commotion.
Almost 60% of US households have no kids in them [1]. We can infer demand for Manhattan housing stock by vacancy rates and rent levels [2] [3] [4] [5].
[1] https://www.visualcapitalist.com/how-american-households-hav...
[2] https://www.mns.com/manhattan_rental_market_report
[3] https://inhabit.corcoran.com/nyc-residential-rental-market-r...
[4] https://www.brickunderground.com/rent/nyc-manhattan-brooklyn...
[5] https://www.elliman.com/corporate-resources/market-reports/n...
I hear that noise pollution in Manhattan has gotten better since congestion pricing started.
Cities aren't loud; cars are loud.