Where Brooklyn at?
At one time, Brooklyn was the place to live in NYC because it was relatively affordable. Fast-forward to 2014 and the place that brought us The Notorious B.I.G, Jay Z and Spike Lee is the most unaffordable place to live in the entire county according to Bloomberg
According to the finance publication:
Of the 475 counties analyzed by RealtyTrac through October, 98 areas weren’t as affordable compared with the average level for the period starting in January 2000, the Irvine, California-based data company said in a report today. Brooklyn, New York, where a resident would need to devote 98 percent of the median income to afford the payment on a median-priced home of $615,000, was the least-affordable market, followed by San Francisco and Manhattan.
So, if you currently live in Brooklyn, explain to us how you do.