NYC != NYS NYC != Buffalo, NY Brooklyn != Staten Island Prospect Heights !=Great Kills Frankly, within a few blocks within a neighborhood inside NYC, you can ge

NYC != NYS NYC != Buffalo, NY Brooklyn != Staten Island Prospect Heights !=Great Kills Frankly, within a few blocks within a neighborhood inside NYC, you can get a ton of variability of pricing for all sorts of reasons. I can name at least one Hamlet in NYS, and possibly one in NJ that had housing prices rise as taxes rose to among the highest in the state, if not the country. Conversely, I know of at least one town in NYS, and possibly Jersey, that effectively saw the reverse (lowered effective taxes, property values dropped) The state of California versus San Fransisco has just as many issues. The pricing difference between SF versus Sacramento is huge. People buy real estate, which is not the same as land, mind you, for all sorts of reasons The View, Neighborhood Amenities, Investments, transportation, it has sidewalks, the house has wood and not steel beams, what have you