OK, but Philly != NY. I went to school in Philly and am fond of some parts of that city, but not enough to move back there.
Then again, as I recall paying $280/mo rent for a ginormous studio at 45th/Osage in 2001, the thought can be tempting!! I’d probably buy one of the big old houses west of Zoo of Penn, but not too far west.
By new town house, do you mean quality, or junque with particle board roof trusses thrown up during the bubble?