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

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Florida is full. Look elsewhere when you are finally evicted.

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I have always found it hysterical how people from the northeast dream of retiring to Florida. What a shitty dream.

There's an incredible amount of stupid in this thread

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Maybe mind your own fricking business and let people live their lives how they see fit?

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Which I would agree with in a vacuum.

The problem is that urban areas fill with these types of people who then seek government intervention to lessen the problems created by their decisions. These interventions often cause even more cyclical problems. Our urban housing issue is a perfect example.

Only those in urban areas seek government intervention to lessen the problems created by their decisions? Is that the hill you’re willing to die on?

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SuperSaint

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It's almost as stupid as doing meth

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Only those in urban areas seek government intervention to lessen the problems created by their decisions?

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Where did I say that it only occurs in this area on this issue?

It’s an example of government intervention causing cyclical problems.

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But my point is, doesn’t that happen everywhere? So why is their choice to live in New York the issue? Never mind the fact that many people were born and raised there and you basically said if they can’t afford to live their they should leave their hometown.

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They can afford it, it says straight up in the article they're choosing not to pay it with their unemployment and "hoping for a miracle"

4k a month in NYC is cheap as frick, that's how much it would cost for a 4 bedroom in any kind of urban area.

And the "oh they're waiters" argument is stupid. That is stable employment in NYC outside of a worldwide pandemic. This is way more of them being scumbags than them not being able to afford it

If this is all true then maybe I can afford to live in NYC in a few months?

A more likely scenario is that landlords have their hands out.

Real estate is priced by supply and demand. The near future will be a renters market because the amount of space, especially in commercial buildings, is going to have a reduced price due to vacancy. This is good for the average person. Rent is too damn high right now everywhere. There's always a slow reaction because of the amount of government workers mixed in. Government workers don't have to create income. Government workers have guaranteed monies. Until we reduce government in HALF, they won't feel what the rest of us feel money wise.

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Now her husband and everyone else in the house have all lost their restaurant jobs and she’s the only one still working—at a company making hand sanitizer. The landlord is threatening legal action to collect the $20,000 in back rent. “Nobody is hiring in the food industry,” she says. “I’m on the hook, because I am the only employed person on the lease.”

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Lmmfao