Do you know the median sales price for a home in Brooklyn? The question, which was recently posed to eight mayoral candidates by The New York Times editorial board, was not a trick. Brooklyn is a notoriously expensive borough in one of America’s most expensive cities, and New York City’s housing crisis promises to be a major issue in the coming years. “In Brooklyn, huh? “I would guess it is around $100,000.”The guess from Raymond J. McGuire, an investment banker and former executive at Citigroup who has sought to woo voters with his financial acumen, included similar numbers.

Source: New York Times May 11, 2021 20:21 UTC