Brooklyn is no longer the cheaper alternative to enjoy living in the Big Apple at a low rate. Last month, it was revealed that Brooklyn was the second most expensive place to live in the entire country, only right behind…Manhattan. Go figure. With new hotels, sporting arenas and high rise condos popping up in neighborhoods like Flatbush, Park Slope, and Williamsburg you could expect the cost of living to go up.
In a recent interview with the Daily News, Michael Guerra, executive vice president of the Brooklyn division for real estate firm Prudential Douglas Elliman said, “Prices are at or above pre-recession levels.” While the median rent in Manhattan is $3,195, Brooklyn isn’t too far behind at $2,350. A borough that only a few years ago, the only time you heard about it was from rappers and police blotters, is now the hot destination for hipsters, out-of-state transplants and those wanting to get that “suburban” Manhattan experience.
I love to see businesses glowing and events happening every weekend so close to me I don’t even have to hop on the train to get there. But it’s getting scary when people like me, who was born and raised in Brooklyn, can’t even afford to stay here. We can love it all we want, but let’s just say we’re all paying the price for having the Barclays Center in our borough. #ijs
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