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Posted on 4/8/26 at 3:55 pm to RLDSC FAN
Democrats LOVE to raise prices and taxes so they don't have to be around the poor....
Then they elect idiots who will "solve" the "crisis" they created by stealing from those that produce.
It is amazing to watch.
Then they elect idiots who will "solve" the "crisis" they created by stealing from those that produce.
It is amazing to watch.
Posted on 4/8/26 at 3:56 pm to SludgeFactory
quote:
Democrats LOVE to raise prices and taxes so they don't have to be around the poor....
The effect is having more poor and squeezing out the middle class, as their policies subsidize the poor through those taxes to buy votes.
Posted on 4/8/26 at 3:58 pm to kingbob
quote:
I bet if you gave me absolute power over NYC Zoning and permitting, I could solve their housing crisis in less than a year. I could probably get median rents in Manhattan below $1500/month.
No you could not. Do you have any idea how much it costs to build an urban apartment building and how they’re financed?
Posted on 4/8/26 at 4:09 pm to RLDSC FAN
Make sure you understand "mean" versus "median".
Mean is the average
Median is the middle.
Mode is the most commonly occuring
If there is a village with four houses and the rents are $1000, 1000, 1000, and $40,000:
The mean or average is $10,750
The median is $20,000
The mode is $1000.
All three are important to understand, but all three do not tell the same story. IN this example the mean and median seroiusly distort the fact that most people in our make-believe village don't pay a huge rent.
Mean is the average
Median is the middle.
Mode is the most commonly occuring
If there is a village with four houses and the rents are $1000, 1000, 1000, and $40,000:
The mean or average is $10,750
The median is $20,000
The mode is $1000.
All three are important to understand, but all three do not tell the same story. IN this example the mean and median seroiusly distort the fact that most people in our make-believe village don't pay a huge rent.
Posted on 4/8/26 at 4:12 pm to SUB
quote:Eh. The median renter also doesn't need/have a car. I wonder how much that lowers the overall cost.
That's just insane.
Posted on 4/8/26 at 4:13 pm to parrothead
quote:Jobs pay more and you don't need a car.
I mean, I know its lowly Alabama, but crazy to think that $5k a month for renting an apartment is the same as a mortgage payment of a house around $750k, maybe more.
Posted on 4/8/26 at 4:18 pm to secfballfan
quote:
"The rent stays the same" and the dog stays...
This post, no matter how appreciated, will never be appreciated enough.
Posted on 4/8/26 at 4:54 pm to RLDSC FAN
$5000 / month for 2,500 SF suite is a steal!
Oh wait, the article left out the most important piece of information - the SIZE
Oh wait, the article left out the most important piece of information - the SIZE
Posted on 4/8/26 at 5:49 pm to kingbob
quote:
I bet if you gave me absolute power over NYC Zoning and permitting, I could solve their housing crisis in less than a year. I could probably get median rents in Manhattan below $1500/month.
I'll take that bet
Posted on 4/8/26 at 6:40 pm to parrothead
quote:
but crazy to think that $5k a month for renting an apartment is the same as a mortgage payment of a house around $750k, maybe more.
…a little off
Posted on 4/8/26 at 6:41 pm to RLDSC FAN
No one is being forced to live there
Posted on 4/8/26 at 7:01 pm to Snipe
quote:
Just a quick search leads me to believe that $5,000./mo is asking price for available rentals, not what current residents are paying per month in rent.
As you would expect it depends on what you rent. My daughter (pics on file) paid $2850 for a single in East Village. It was pretty small. She just moved to Brooklyn last week and is paying $2800 for her share of a 2BR/2Bath apartment with more space and amenities to the building.
Posted on 4/8/26 at 7:06 pm to RLDSC FAN
Posted on 4/8/26 at 7:35 pm to RLDSC FAN
You’re not entitled to live in Manhattan.
Posted on 4/8/26 at 7:50 pm to Chucktown_Badger
quote:
And rent controls or freezes which sound great to the average idiot but ignores reality...which is that they create slums and reduce supply.
The crux of that is that long time residents feel entitled to live somewhere just because they’ve been living somewhere. Rent control placates that
Posted on 4/8/26 at 8:13 pm to kingbob
quote:
I bet if you gave me absolute power over NYC Zoning and permitting, I could solve their housing crisis in less than a year. I could probably get median rents in Manhattan below $1500/month.
No amount of zoning laws will change NYC pricing when the demand to live there is so high.
The only way NYC prices will ever come down is if a natural disaster displaced a huge percentage of its residents
This post was edited on 4/8/26 at 8:15 pm
Posted on 4/9/26 at 7:08 am to Marco Esquandolas
quote:
…a little off
Nah, assuming a 20% down payment, a 30-year fixed rate around 6.5-7%, and including taxes/insurance, you’re going to be between 650k to 850k.
Posted on 4/9/26 at 7:13 am to RLDSC FAN
quote:What kind of IDIOT would rent a median in NYC for $5K a month?
The median rent in Manhattan is $5,000 a month
Posted on 4/9/26 at 7:19 am to tadman
quote:
ake sure you understand "mean" versus "median". Mean is the average Median is the middle. Mode is the most commonly occuring If there is a village with four houses and the rents are $1000, 1000, 1000, and $40,000: The mean or average is $10,750 The median is $20,000 The mode is $1000. All three are important to understand, but all three do not tell the same story. IN this example the mean and median seroiusly distort the fact that most people in our make-believe village don't pay a huge rent
In your example, the median would be 1,000. Average of the two numbers in the middle.
Median is generally the most useful metric for continuous data that is skewed (in this case, the upper limit for rent could be very high). I don’t think the mode will tell you much here
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