Rent Ratio Heat Maps

Thanks you. I've been saying this for a gazillion years. Note bulls that average is around 12. Manhattan is over 24. Twice as expensive to buy as to rent.

While choosing not to come down on one side or the other of what will likely become a flamefest here, altho that may be the overall picture, the site does break it down further by neighborhood, and some seem closer to the average ratio.

pretty cool secondandc, thanks for posting. Steve, you should really zoom into Manhattan at the neighborhood level. The majority of properties (70%+) are yellow which is 16x.

I did JuiceMan - the cheap ones are by the projects or in Murray Hill, with no access to mass transportation.

Murray hill is getting pretty expensive folks. Rent for a 1 bed room is going for $3400 in a luxury doorman building.

I would say most of those seem fairly accurate although I'm not sure why they say Williamsburg is so low (I don't think it is based on my data).

steve, maybe I"m looking at it wrong but most of the island (70%+) looked yellow to me (16x), including all of the "good" areas. Unless all of the UWS, West Village, and Soho are projects, you may be mistaken. Have another look.

Actually steve, I'm mistaken. I thought the yellow buildings were sales, but those represent the rentals. I understand what you are saying.

It looks like the West Village, Soho, Tribeca and Hell's Kitchen are red, with most of the rest of Manhattan yellow or green.

LICComment- How's LIC?

LIC, where are you seeing green in Manhattan? All of the yellow listings on the UWS are rentals and the reds are sales...a quick look at the UES also shows that the yellows are rentals, too. Is there an area that you see specifically that is green? Maybe I am looking at/interpreting the map incorrectly.

Thanks secondandc for the link! It is very useful.

Thanks, JM. I love this new-found peace.

LICC, you're right. Crappy areas have low prices. WV, SoHo, HK, Chelsea, etc., are all 24x. If you're sitting next to the projects you'll get a deal, but pack a pistol. It's your constitutional right.

Yes, there are deals to be had in Manhattan. But not many, & they go fast. Next year there will be many more as inventories rise.

I am happy that people are finally agreeing on what I've been saying for months: property is way overpriced in Manhattan.

So according to steve, every location in Manhattan outside of the West Village, SoHo, Hell's Kitchen and Chelsea are crappy and next to projects. Gramercy - crap. Midtown - crap. UWS - crap. UES - crap. You may not make it out of those neighborhoods alive if you try to move there. Thanks for showing everyone your crazy mindset steve.

You are reading it incorrectly drg. When the map comes up, click on "Heatmaps" and maybe you will see the color coding on the neighborhoods.

LIC is green on the map dco, and your point is what exactly?

LICC: "So according to steve, every location in Manhattan outside of the West Village, SoHo, Hell's Kitchen and Chelsea are crappy and next to projects. Gramercy - crap. Midtown - crap. UWS - crap. UES - crap."

I didn't say that. Except UES.

Ah yes, I see the color coding now by neighborhood...I had zoomed in too closely and lost the color coding.

LICComment I don't have a point remember. I just wanted you to look for me. Thank You.

Murray hill and Gramercy area are not undervalued. Check out some of the new constructions selling over $1400 psf (Jasper, Gramercy Starck). You need to get out more.