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    Sydney is turning into a ghetto as poor are trapped by fewer jobs and rising housing

    I'm not talking about investment types. I'm talking about a place to live and quality of life. Also what you get for the price you pay. Not just in terms of the house itself but what makes up most of the value which is the location and quality of amenities in the area. Yes, I'd rather have a...
  2. C

    Sydney is turning into a ghetto as poor are trapped by fewer jobs and rising housing

    I said ~500k, not exactly 500k but the links are below. Just the first few I found in a 2 minute Google search. http://www.trulia.com/property/3150397341-227-E-87th-St-C-New-York-NY-10128#photo-1 http://www.trulia.com/property/3190021920-303-E-57th-St-8J-New-York-NY-10022...
  3. C

    Sydney is turning into a ghetto as poor are trapped by fewer jobs and rising housing

    I'm taking about average houses here, not big estates in the Hamptons. There are two bedroom apartments in central Manhattan for ~500k USD. A small apartment is what most people there would be living in. Living somewhere far (and luxurious) by choice (i.e. you can afford to live anywhere but...
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    Sydney is turning into a ghetto as poor are trapped by fewer jobs and rising housing

    What's "the most desireable areas" though? In Sydney, people are paying like 800k or more to live 1 hour away from the CDB. In Manhattan, commuting just over one hour by train takes you to Philadelphia - a completely independent city and economy. From London, you can commute to Oxford in that...
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