It's interesting that people constantly talk about how "glamorous" and "upscale" Manhattan is, but with the exceptions of a few prime areas like fifth, park, and central park west, the island is pretty dirty. there's garbage bags on every street corner, especially in downtown neighborhoods, the buildings are old and grimy, and even "nice" areas like chelsea and upper west side, have MASSIVE housing projects. or to take another example, check out the PATH station in christopher street, which is in west village, a supposedly nice area. it's completely ghetto and full of drug dealers and trannies.
So given such appalling conditions, it doesn't make sense that Manhattan is so expensive. why do people pay such exorbitant fees in rent and other expenses to live in such filth?