re: NYC Rental Market Pushed to Breaking Point by Covid shutdown

Ah, well that’s different and personal preference.

NYC can still be a great place for young families with elementary aged kids—assuming everything is open. Having pre-teen and teenagers in NYC is less-desirable due to schools and other influences.

$4,000 for a 4 bedroom is nothing in NYC

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The landlord is threatening legal action to collect the $20,000 in back rent. “

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So you have multiple people living in this place collecting a grand a week on unimployment and one working, but they can't pay the rent? bullshite. They chose not to pay the rent.

I live in Houston but I would definitely prefer Baton Rouge to NYC

This is why I have renters insurance.

That’s not the point dipshit. If I made 10,000 a month I’m not paying 4,000 just to live in NYC.....

I would have loved NYC in my early 20s. I couldn’t afford to live there. I did spend a year in the west loop in Chicago and loved it.

Cities need to maximize the efficiency of their commuter transit network (rail, highways, bridges, etc.) to keep costs of living down and maintain a steady supply of job seekers to feed their employers. The cities that have these efficient transit networks established and already rely on a large proportion of suburban commuters will probably weather thIs storm better - especially those with limited geographic boundaries to suburban development.

I’m pretty bearish on the prospects of large scale privatized gentrification continuing in Americans urban centers if these riots and virus pandemics go on for much longer.

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Not nearly as laughable as a dolt talking up NYC and very obviously hasn't visited other major cities in the world.

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Yep that’s me. Never traveled outside the US. You caught me!

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Move somewhere cheaper.

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This is what I don't understand.

If I lose my job, my absolute first priority is going to be "How do I move?" NYC rental market is insanely competitive, and I can't imagine that, even in the middle of a pandemic, the landlord would have trouble finding a replacement tenant. In MOST states, even if you break a lease, you're only on the hook until someone else rents it. And the landlord must make an honest effort to re rent.

So, just from a numbers standpoint, it's way better to just leave, move somewhere else (you don't have a job tying you down anyway), and RISK owing the landlord money. Versus staying with no job and absolutely owing the landlord money. I don't understand the thought process here.