Yup, you can forget about "affordable middle class housing" in Manhattan. The politicians paved the way for this, with Bloomberg as the master planner and the City Council as his confederates.
Read this and weep:
NT Times article, "What is Middle Class in Manhattan?"
Some choice sentences:
The average Manhattan apartment, at $3,973 a month, costs almost $2,800 more than the average rental nationwide.
It is not surprising, then, that a family of four with an annual income of $68,700 or less qualifies to apply for the New York City Housing Authority’s public housing.
Firefighter, police officer, teacher and manufacturing worker all used to be professions that could lift a family into its ranks. But those kinds of jobs have long left people unable to keep up with soaring real estate prices.
Only 17 percent of Manhattan households have children, according to census data. That is almost half the national average, making little ones the ultimate deal-breaker for otherwise die-hard middle-class Manhattanites.
“Manhattan has serious affordability problems,” said Mr. Braconi, the economist. In the last decade, the percentage of people who are paying “unaffordable rents” (defined as more than 30 percent of their income) has increased significantly, according to a report issued in September by the city’s comptroller. If that trend continues, it will feed the perennial panic that Manhattan’s middle class is on the brink of extinction, no longer able to cope with the city’s prices and fast retreating to its natural habitat, the suburbs.
The only young people she sees moving in around her are often buoyed by parental support, given an apartment at graduation the way she was given a Seiko watch.