Sometimes, when we are seeking for a home, we feel like we cannot find one that we can afford or one that we truly like in terms of design and location. Some people would end up hopeless that they could still find a place of their own. This is what we call Post-Gentrification Real Estate Depression. But if it is really your desire to live in an expensive city like New York, then there is a map that will help you find a home.
Constantine Valhouli, founded the NeighborhoodX, which is a forthcoming start-up focused on neighborhood-level data and reporting.
"NYC is one of the most expensive real estate markets in the world, and it sometimes skews our idea of what 'normal' prices look like," Valhouli said according to Gothamist. "We analyzed the average prices for a two-bedroom in various neighborhoods of the city, and discovered that even under-the-radar neighborhoods here are the equivalent price per square foot of some of the best neighborhoods of leading worldwide cities."
When you see the map, there are yellow droplets that signify certain places. Clicking on it will give you a photo of the place with its area and how it compares to a certain famous place. It gives you the idea that you can actually live in a similar place with a lesser price.
It could mean that an apartment in Park Slope compares to the affluent Leblon neighborhood of Rio de Janiero; Bushwick's price is actually equivalent to the nicest neighborhood of Dublin and Long Island City to the best neighborhood of Rome; and Rockaway Beach has the same price as Grand Turk of the Turks & Caicos. This might even make you wonder why some people live in certain places other than the ones on the map.
But then, each one has a very good reason why they choose to live here and not there, which could be because of work, friends and family, and other reasons that vary from one person to another.
Seen below is the interactive map which shows us that "almost every neighborhood in NYC would be one of the most expensive neighborhoods in the world's glitziest cities and resort towns." Gothamist also noted that this is "what happens when housing prices stop being polite, and real estate gets really real."
