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Slight increase in rent price for New York City apartments

Posted on 4/30/22 at 10:48 pm
Posted by Smeg
Member since Aug 2018
9388 posts
Posted on 4/30/22 at 10:48 pm
Posted by East Coast Band
Member since Nov 2010
62871 posts
Posted on 4/30/22 at 10:49 pm to
I thought they had rent control
Posted by OKTiger83
Norman, OK
Member since Feb 2013
3130 posts
Posted on 4/30/22 at 10:49 pm to
frick em
Posted by Sput
Member since Mar 2020
7965 posts
Posted on 4/30/22 at 10:49 pm to
Not bad for a years rent, I expected more.
Posted by Lawyered
The Sip
Member since Oct 2016
29466 posts
Posted on 4/30/22 at 10:50 pm to
That’s insane

How do people afford that shite?

Rich family I guess

Paying $75,000 in rent alone . Madness
Posted by LookingForAnswers
Member since Oct 2019
297 posts
Posted on 4/30/22 at 11:01 pm to
Every time I see “The Upper Westside” I think of ghostbusters 2. Lol
Posted by Figgy
CenCal
Member since May 2020
7241 posts
Posted on 5/1/22 at 12:25 am to


Jimmy told them it was too damn high years ago.
Posted by bad93ex
Member since Sep 2018
27342 posts
Posted on 5/1/22 at 12:28 am to
As a young professional I could see putting up with that mess but once you want to have a family then you need to hightail it the frick out of there.
Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
24963 posts
Posted on 5/1/22 at 12:42 am to
I'm in a small town with a damn nice house that sits on a one-acre lot, for an $1100/mo mortgage payment.

How these city hicks pay up to/over $5000/mo just to rent a crappy studio is just perplexing to me. We live on completely different planets.
Posted by bad93ex
Member since Sep 2018
27342 posts
Posted on 5/1/22 at 12:49 am to
quote:

How these city hicks pay up to/over $5000/mo just to rent a crappy studio is just perplexing to me. We live on completely different planets.



Opportunities, if you are an up and coming "white collar professional" hoping to make it big in your industry then you owe it to yourself to live near one of these dystopian paradises.
Posted by omegaman66
greenwell springs
Member since Oct 2007
22786 posts
Posted on 5/1/22 at 12:50 am to
Rent must be going up because the space for business rent on the ground floors of these apartments are vacant and the landlords are trying to recover some money they have lost since covid drove everyone out of nyc. After they discovered they have been living in a shithole their whole life and paying out of the arse to do so, they aren't going back.
Posted by ItNeverRains
37069
Member since Oct 2007
25575 posts
Posted on 5/1/22 at 5:47 am to
quote:

dystopian paradises.


I’m stealing this.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423365 posts
Posted on 5/1/22 at 6:42 am to
quote:

I'm in a small town with a damn nice house that sits on a one-acre lot, for an $1100/mo mortgage payment.

How these city hicks pay up to/over $5000/mo just to rent a crappy studio is just perplexing to me. We live on completely different planets.

I'm not about the lifestyle but I imagine the vast majority of their waking hours isn't in their apartment b/c of their job (that they wouldn't have where you live) doing all sorts of activities (that also do not exist where you live) interacting with people on their socio-professional level (who I imagine are rare where you live)
Posted by Hangover Haven
Metry
Member since Oct 2013
26697 posts
Posted on 5/1/22 at 6:44 am to
That’s monthly prices?

Holy shite….
Posted by MSTiger33
Member since Oct 2007
20401 posts
Posted on 5/1/22 at 6:48 am to
quote:

Not bad for a years rent, I expected more.


you know that's per month
Posted by Eurocat
Member since Apr 2004
15050 posts
Posted on 5/1/22 at 6:49 am to
The reason you are seeing these hikes is that a year ago, May 1 2021 - the city was still quite deserted, people will still to a great extent working from home, and no place was hit more than Manhattan.

Now everybody remembers how comparatively dull the suburbs were and is rushing back in.

Add inflation (even before the crazy inflation we have now) on top and you get this.

Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24028 posts
Posted on 5/1/22 at 6:49 am to
Jerome Powell should go down in history as the man who destroyed the American economy.
Posted by MSTiger33
Member since Oct 2007
20401 posts
Posted on 5/1/22 at 6:59 am to
Posted by trinidadtiger
Member since Jun 2017
13510 posts
Posted on 5/1/22 at 7:13 am to
Careful fellas its statistics, govt statistics. The places listed are Manhattan, the average household income in Manhattan (not NYC which includes lower wage areas like Queens AND much lower rent) is 11,916 dollars per month.

The average person in this survey may pay more of their monthly income percentage in rent, but in raw dollars they still have far more disposable cash left over than the average American.

New York does have rent control, from when you move in. When Trump first got his start he bought an older apt building in Manhattan, with rent control in effect for people that had lived there for many many years. Some were paying exorbitantly low rents, as low as around 500 bucks, when a new tenant would be paying 15 times that. The numbers did not work and people scoffed at Trump. When the first old couple died, Trump could raise the rent on that apt when he filled it, but at that rate he would have to wait til everyone died to get market value.

Instead, he took a homeless person and let them live rent free in the apt with full visiting privileges of his buddies. And so with the next couple that died. Big news on what he was doing. He responded they were a bunch of rich folks who were gaming the system AND hated people who were less fortunate than themselves.

NYers being NYers turned on the tenants, "rich jews, doing what rich jews do, degrading the less fortunate. They started to move on their own just to get some piece of mind....and Trump got his new building. The art of the deal indeed. A masterful stroke.
This post was edited on 5/1/22 at 7:28 am
Posted by AUCom96
Alabama
Member since May 2020
5035 posts
Posted on 5/1/22 at 7:19 am to
quote:

'm not about the lifestyle but I imagine the vast majority of their waking hours isn't in their apartment b/c of their job (that they wouldn't have where you live) doing all sorts of activities (that also do not exist where you live) interacting with people on their socio-professional level (who I imagine are rare where you live)


In other words, they are narcissistic brats who think happiness can be defined by their career…at least until they hit their mid thirties and the young Eskimo’s kick them out on their proverbial floating patch of ice. Then they will takes what they have left (money) and go drive up the cost of living for a family in a suburb or small town somewhere…all along mocking them as unintelligent, unrefined, etc.

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