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Skyrocketing Brooklyn Rents Close In On Manhattan

News flash, funsters: The days of moving to Brooklyn so you could save enough money to splurge on a root canal are over. Soaring rents in luxury buildings are driving up the market in trendy neighborhoods throughout the borough, and according to a new report [pdf] by Douglas Elliman, the average rental price in yupster Brooklyn increased 8.2% this July over last July. And the median rent was up 5.2% from the same time last summer.

The report, which tracks the most desirable parts of Brooklyn, including Williamsburg, Greenpoint, Brooklyn Heights, and Cobble Hill, found that the median rental price in Brooklyn rose to $2,675 this July, up from $2,546 in July 2012. The average rental price this July was $3,035, up from $2,806 at the same time last year. And the average number of times you tell your mom life in New York is going “great” before breaking down in tears dropped to three…

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