The infuriating reason normal people are finding it so hard to buy homes in America's biggest city
Many New Yorkers are quietly enjoying cushy lifestyles in ritzy apartments on their parents' dimes. Newly unveiled data revealed that more New York City apartments are being bought by trust fund babies than in previous years. 'Manhattan real estate is quite expensive,' Castle Avenue realtor Wei Min Tan told Daily Mail.com. 'The average home price in the US is about $450,000, but in Manhattan, the average apartment is about $1.
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