Across the street from me in a similar building to mine with condos instead of rentals, a studio goes for 1M. Unless I'm set on living in NYC for the rest of m

Across the street from me in a similar building to mine with condos instead of rentals, a studio goes for 1M. Unless I'm set on living in NYC for the rest of my life I'm not buying real estate here. I imagine most people apply the same logic