When we think of big cities in the United States, immediately New York City comes to mind. The Big Apple as it is called is one of the busiest places in the United States. Full of people, businesses, entertainment venues, and the bustle of living, this city is a favorite of many. However, living in New York is not cheap; on the contrary, it is very expensive. Real Estate in New York comes with a big ticket, and it moves quickly. Why is it so expensive? In simple terms, the answer is supply and demand. New York City does not have much space available, and being that this is a desirable place to live, available real estate and housing sells well.

The city attracts many people from all over the country. People who have dreams of making it in a particular career, think of coming to New York City to sprawl their wings and fly. In addition, immigrants also want to live in NY. It is still seen, despite the economic downfall, as the land of opportunity. When immigrants think of America, they think of New York.

New York also presents ease of transportation, and in many cases, you do not need to own a car to navigate this city. More employment opportunities are available in this area. In addition, the city offers many ways of entertainment, whether public parks, the beach, theatre, museums, restaurants, clubs, and excellent shopping opportunities for every budget - from a few bucks to high couture. In a way, you can find everything in New York, which makes it easy for people who live there and work there. Many people who commute to their jobs in New York would like to live there, but say they cannot afford the rent or real estate prices of homes or apartments for sale. In fact, many New Yorkers are moving to New Jersey, the neighboring state, due to homes in New Jersey being more affordable. Therefore, many cross the bridge and buy closer to New York, where they can still work and play in the city.

Supply and demand is what makes New York real estate so expensive. More people live or want to live in New York than there are living spaces available - as a general rule. People are willing to pay that much for an apartment or home in the city or near the city. In most parts of the city, a two-bedroom condo or apartment will be over one million, for decent areas. There is also so little land available that prices only can go up. In addition, people want Manhattan real estate - where everything goes on and the best opportunities abound.

Another reason for the healthy raise in pricing over the past decade is that the city has cleaned up a lot, compared to 20 years ago when crime and graffiti were abundant. Now the city has become a safer place and a much more attractive place, especially for younger generations of professionals. This also contributes to the rise in pricing. In addition, the city has been portrayed in movies and TV shows much more appealing and desirable, which creates a positive image for New York - compared to the old image that was portrayed.