Manhattan residents may have to prepare to pay more for even less. Mayor Bloomberg has unveiled a plan to deal with the difficulty of finding housing in New York’s priciest borough. The plan is to create micro-unit apartments that will be around 300 square feet, and are defined as “cozy.” Many New Yorkers are familiar with the term, and it has been applied to put the squeeze on people who desperately are searching for living quarters in an increasingly crowded city.
While some are lauding this as a creative way to deal with the shortage of housing, these new micro-apartments wont exactly be affordable to all. City officials are estimating that these new units would be under $2000 a month. This wont exactly cause a rush, but serves the interest of real estate in packing more and more people into smaller spaces.
Are these micro-apartments a good thing for Manhattanites?
-Marc W. Polite
Likes Apartments he can turn around in