[albie]

48K a year is not the equivalent of a $5 million house. To finance 5 mil would be about 37k per month

[Jonty30]

Yeah, you’re correcrt. Still, at $4,000/mnth, it’s still about a $640,000 home or so @6%.

Lots of options in Midtown Manhattan in that price range.
Looks like some very good deals going on right now.

https://www.realtor.com/realestateandhomes-search/10024/type-condo,townhome/price-na-700000?view=map&pos=40.806206,-74.006034,40.733101,-73.896175,13.579&qdm=true&cid=sem_149490225_674908969_1239150624621661_77447045697431:G:s&s_kwcid=AL!15120!3!!b!!o!!ClusterB%20zip_code%20type-condo,townhome&gclid=9799fabb699b166a134f9d5263244850&gclsrc=3p.ds&msclkid=9799fabb699b166a134f9d5263244850&amenities_pin=true&amenities_options=local_food_and_drink