New York City Is Not Worth $1,800 / month, Especially Not Now

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    Apr 19, 2020 10:07 PM GMT
    “Part of it feels like, why am I even living in New York?” said Ms. Brajovic, 24, who pays $1,860 in rent each month for her share of an apartment with two roommates in Manhattan. “Why am I always paying all of this rent?”
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    Apr 19, 2020 10:10 PM GMT
    growth in the country’s major metropolitan areas fell by nearly half over the course of the past decade
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    Apr 19, 2020 10:19 PM GMT
    An exurb is an area outside the typically denser inner suburban area of a metropolitan area, which has an economic and commuting connection to the metro area, low housing density, and growth.
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    Apr 19, 2020 10:20 PM GMT
    by the mid-2010s, the growth slowed. Big cities had become expensive, with rents far out of the range of the middle-income American. The economy was changing too: Low-wage jobs, after adjusting for the local cost of living, paid about the same everywhere.
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    Apr 19, 2020 10:26 PM GMT
    She is now settling into an apartment in downtown Tulsa, where she pays $825 a month.

    Ed Glaeser, an economics professor at Harvard University and the author of “Triumph of the City,” said watching the virus rip through cities was like going back in time. “It feels like it’s back to smallpox, it’s back to cholera,” he said.

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    Apr 19, 2020 10:52 PM GMT
    In California, Los Angeles County is expected to lose $1 billion in sales tax revenue this fiscal year. And in New York City, where tourism and hotel tax revenue are among the losses, Mayor Bill de Blasio said the city faces a revenue shortfall of up to $10 billion.

    “We’re not going to be able to provide basic services and actually have a normal society
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    Apr 19, 2020 10:53 PM GMT
    Beyond the basics, what is a city without its public spaces — movie theaters, restaurants, concert halls? And why pay exorbitant prices to live somewhere if those disappear?

    “What was New York is gone,”
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    Apr 20, 2020 9:50 AM GMT
    I'm sure New York could be parmed off with, some glass beads.
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    Apr 20, 2020 6:53 PM GMT
    Leave that cold hearted shithole and move out west!!

    Oil has plunged in negative territory so they'll most likely
    have a huge gasoline price drops!!

    I already see a Many CA & NY licence places.
    Oh, it was fucking awesome out here today on the
    Ranch!! That's right.
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    Apr 20, 2020 10:04 PM GMT
    Well, I’ll tell yah, a 2 bedroom, 2 bath place at 1300 sq feet is considered a steal in South Florida at $1800.
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    Apr 20, 2020 11:46 PM GMT
    Art_Deco saidWell, I’ll tell yah, a 2 bedroom, 2 bath place at 1300 sq feet is considered a steal in South Florida at $1800.


    I loved SOBE so much!!

    The CUBAN men were hot and sexy
    and most guys, people had that real southern charm.

    It's worth whatever they charge! lol
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    Apr 21, 2020 2:22 AM GMT
    Wombat saidI'm sure New York could be parmed off with, my anal beads.
    FIXED
  • Destinharbor

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    Apr 21, 2020 3:38 AM GMT
    Art_Deco saidWell, I’ll tell yah, a 2 bedroom, 2 bath place at 1300 sq feet is considered a steal in South Florida at $1800.

    Ya, but he's talking about $1,800 x 3 (two room mates). It's like that here, too. $1,350,000 for a two bedroom two bath apartment with about 900 square ft. San Francisco is now more expensive than New York. Crazy. Curious to see what happens to prices and rents after all this mess.
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    Apr 21, 2020 3:53 AM GMT
    “Part of it feels like, why am I even living in New York?” said Ms. Brajovic, 24, who pays $1,860 in rent each month for her share of an apartment with two roommates in Manhattan. “Why am I always paying all of this rent?”

    1860 x 3 = $5,580
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    Apr 21, 2020 3:55 AM GMT
    merlin_171604377_9a74edf6-67aa-4ab6-93fa

    The New York Times article for the original post in this thread.

    https://www.nytimes.com/2020/04/19/us/coronavirus-moving-city-future.html
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    Apr 21, 2020 8:13 AM GMT
    Destinharbor said
    Art_Deco said
    Well, I’ll tell yah, a 2 bedroom, 2 bath place at 1300 sq feet is considered a steal in South Florida at $1800.

    Ya, but he's talking about $1,800 x 3 (two room mates). It's like that here, too. $1,350,000 for a two bedroom two bath apartment with about 900 square ft. San Francisco is now more expensive than New York. Crazy. Curious to see what happens to prices and rents after all this mess.

    I agree, prices are crazy. An ex-BF owns a co-op in Manhattan, next to the Dakota on West 72nd Street. He uses it when he’s got acting work in the City. Bought it in the early 1980s for a few hundred thousand, worth millions now. Just a small place, I stayed there on a visit myself (along with my current BF at that time - I tended to stay chummy with my exes in those years, today not so much).

    But too small a place for me to live full time, and he only does a few months of the year, when doing a movie in NY or some TV soap. His place was an easy walk to Central Park, and the lovely Tavern on the Green to eat (when that still existed).

    And The Plaza wasn’t much farther, where I could get a really good gin martini, when I could still drink those. Nor very far away near 2nd Avenue, though I usually took a cab, was The Townhouse.

    The most elegant gay club in Manhattan, and that’s saying a lot. You had to be properly dressed, and be with someone to gain entrance, no single hustlers, unless you were a card-carrying club member.

    Yeah, my ex had it good there. And his property investment turned into millions. For some people real estate pays. Other people pay through the nose.
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    Apr 21, 2020 8:54 AM GMT
    BTW, story about rental prices: a few years ago one of our complex's condos had defaulted on the mortgage, and the bank took it over. They typically assign it to the condo association to rent on a monthly basis, to cover their costs, and avoid having the hassle themselves, while they continue to try to sell it.

    Well, a gay friend of ours had fallen on hard times. Self-inflicted due to alcoholism, he was once the most well-known gay columnist in our community. He got fired due to his drunken behavior, and evicted from where he was renting, next stop was living under a bridge.

    Then his car got broken into, his laptop stolen. We gave him our MacBook Pro (we had iPads by then, and 2 desktop Macs), so that he could still write and hopefully make a living. And I urged my husband, who was our condo association President at the time, to offer him a unit here he could afford.

    This guy got into that bank foreclosure 2 + 2 that we had, for $900 a month in South Florida! The lowest the bank would go, no profit to our Association. And it was recently renovated beautifully, the damn place looked better than our own does!

    It was 1200 square feet, outdoor patio with a beautiful view, 2 bedrooms - 2 full baths. Separate living & dining rooms. You wanna try to find that elsewhere in South Florida for $900? But he was a friend, a gay community icon, and we pulled every string we could to get him the place.

    Because both potential owners and renters must go through an expensive, and extensive background check, that we suspected he’d fail. So my husband bypassed that with our management company. “I’ve approved him.” Period. Stop. End of sentence.

    I wish the story had a happier ending, but it didn’t. His drinking worsened, and one day he fell next to his car in our parking lot, striking his head. Taken to the hospital, he died there a few weeks later.

    Lessons from my story: some self-destructive people can’t be saved, no matter how much you try. Second, rental bargains are out there, you just gotta keep looking. Or have connections.

    Bank foreclosures are a good possibility, but as rentals they'll still wanna sell them, so your lease will be very short term. Nevertheless, gives you time to consider buying it cheap yourself, or looking elsewhere. At least you have a roof over your head for a time. What we were trying to do with our friend.
  • roadbikeRob

    Posts: 22944

    Apr 21, 2020 5:51 PM GMT
    Astrologer saidAn exurb is an area outside the typically denser inner suburban area of a metropolitan area, which has an economic and commuting connection to the metro area, low housing density, and growth.
    An exurb is a much more rural community located just beyond the lower density second ring or outer ring suburbs. It is usually starting to develop but not nearly as rapidly as a more populous outer ring suburb.
  • venue35

    Posts: 5647

    Jul 09, 2020 3:18 PM GMT
    It's no surprise why so many people have left manhattan for queens. The rent..
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    Jul 09, 2020 6:44 PM GMT
    Development managers, real estate agents, and landlords are absolute scum. Worst people on earth. Put their heads through a fuckin brick wall
  • roadbikeRob

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    Jul 23, 2020 1:06 PM GMT
    venue35 saidIt's no surprise why so many people have left manhattan for queens. The rent..
    Actually many people are moving out of New York City because of the astronomical cost of living. Many are fleeing to exurbs in Connecticut and New Jersey or they are fleeing to cheaper metropolitan areas.
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    Jul 23, 2020 4:11 PM GMT
    venue35 said
    It's no surprise why so many people have left manhattan for queens. The rent..

    Many are going across the Hudson to New Jersey. Hoboken is very hot reality right now, formerly slums. And north up to Ft. Lee. Manhattan is just a bridge or tunnel drive away, same as if you lived in Brooklyn.

    Or the affluent suburbs & wealthy estates of Long Island, also Connecticut. Further west into New Jersey is Upper Montclair, 20 miles, where my sister & I went to school and me college.

    New York hasn’t entirely been about ultra-expensive Fifth & Park Avenues, Central Park West, Upper East Side brownstones or now SoHo and other areas. Some people pay for Manhattan, but many do not.

    I think Conservatives endorse this as supply & demand.
  • ObscureAndFuz...

    Posts: 1587

    Jul 26, 2020 3:11 PM GMT
    Art_Deco said
    venue35 said
    It's no surprise why so many people have left manhattan for queens. The rent..

    Many are going across the Hudson to New Jersey. Hoboken is very hot reality right now, formerly slums. And north up to Ft. Lee. Manhattan is just a bridge or tunnel drive away, same as if you lived in Brooklyn.

    Or the affluent suburbs & wealthy estates of Long Island, also Connecticut. Further west into New Jersey is Upper Montclair, 20 miles, where my sister & I went to school and me college.

    New York hasn’t entirely been about ultra-expensive Fifth & Park Avenues, Central Park West, Upper East Side brownstones or now SoHo and other areas. Some people pay for Manhattan, but many do not.

    I think Conservatives endorse this as supply & demand.



    Strange how just a week ago you were chastising people who were pointing out that your home town of Wilton Manors is a dump and claiming that people who don't live there shouldn't be making claims about characterizing the area posing as having particular expertise. Pot, meet kettle.
  • DMVnewbie

    Posts: 42

    Aug 09, 2020 6:09 PM GMT
    With so much still shut down and with crime spiking, I agree. I was paying $1,900 (going up to $2,000 a month if I re-signed) a month to rent a one bedroom in Alexandria, where I moved primarily to be close to the amenities in DC. But with everything shut down, I decided to move to Annapolis; a little closer to work and it saves me $500 a month in rent.
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    Aug 12, 2020 7:43 PM GMT
    New Yorkers keep moving out of the city to suburbs, other states

    Mark Ehrhardt, owner of Gowanus-based Movers, Not Shakers!, said his company was busy in downtown Brooklyn and Manhattan.

    “All the kids are leaving,” he said. “The studios and one-bedrooms are emptying out like crazy.”

    Ehrhardt said he doubted the young people would return.

    Noah Simon, 35, left his one-bedroom in Hell’s Kitchen on March 13 and went to stay with his mom in Hastings-on-Hudson. He moved out for good in May, just before his lease was up, and decided to buy a home in Westchester.

    “To me, it was kind of a no-brainer,” said Simon, a private wealth adviser for UBS. “I love the city. I also recognize that living there right now doesn’t have a whole lot to offer me.”

    https://nypost.com/2020/08/11/new-yorkers-flee-nyc-in-droves/