From the NY Daily News: "
Thanks to the purchasing power of the masters of the universe, the
average price per square foot also hit a record high at $1,083. The
median apartment price also hit a record at $880,000."
Due to the high cost of renting an apartment in Manhattan, the market for apartments is more geared to ownership - so you buy (with a mortgage) rather than rent (no mortgage).
Via Craigslist.org:  Bedrooms: n/a  LARGE STUDIO  
(490sq ft)
                            Bathrooms: 1 
                            Special Note(s):Negotiable Broker fee!  
                            Rent:$1628.00
                            Available: Immediately    
Allright.. let that sink in. A 490sq. ft. loft, no walls - no rooms. Just a bathroom. Nearly $20,000 a year. 
The payments on Forgotten-Roanoke.com HQ V2.0 will be less than half that payment a month.
And thanks to the wonderful power of the all incompassing Internets - I can do just as much business down here as I could up there.
Just something to consider.. 
 
 
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