You're not crazy at all man. Manhattan and the neighborhoods in other borough's nearest to Harlem and south are not affordable for one person to live in more than a shoe box studio unless you are making over 6 figures. Yet, I even know people who essentially make 6 figures and can't find an apartment for $2100 or less in the northern part of the Upper East Side (which is where I live now and was one area you used to be able to find "deals") that is far less nice than the current spot I live in.

I moved into this place in Jan. 2004 and it was a "lucky" find even then, because it was the middle of winter, there was just a huge snowstorm, and the market was a bit less crazy in this area (now there are a few huge new developments and renovation projects going on), so the landlord couldn't find someone to fill the apartment, which wouldn't last one day in today's market for its price. However, it ain't anywhere near $1200 (even with being rent stabilized) and the rent has always been split in two. Soon it's going to be too expensive for me, even with ent stabilization in place.

I agree with you about Bloomberg's proposal and approach in general. It started with Guiliani as well. While they push for "quality of life" issues who pays the biggest price for the way the issues are being dealt with, while one of the biggest concerns to most is affordable housing for people who make under $40/50K, and of course those who make much less than that, who have zero shot of living anywhere but far away, or leave all together. African-Americans are increasingly moving out of NYC (going South) in part due to gentrification of traditonally black neighborhoods causing costs of living to skyrocket. That is in part due to the result of middle income folks, often white, who don't wish to pay huge rents for zero space, or can't afford living farther down without breaking the bank.

NYC is increasingly made up of folks who move here for short periods from out of town, to "get experience" working or "living life" as a young person who is subsidized by parents who have money and help their kids live their "NY experience." THen we have an increasingly wealthy population and recent immigrants who get the shaft.

One wonders what the future will behold. My fear is that it's not looking good pending some kind of major cause for people to wish to leave.

Times Square is already a shopping mall.

It seems like NY is turning into a city of wealthy people.

I wonder who is going to provide all the services in this city when middle class and lower income people can't afford to live here any more.

NY prices are terrible. It's pretty amazing that there are so many new condo developments throughout the city with 500sf apartments starting at $500k. That's a half-million!
Seems like most of the condos listed on corcoran.com are in the 800k+ range or in the millions. Out of control.

The weird thing about NY is that in spite of the prices, the population in the city keeps growing. It's supposed to double what it is now within years.

Barring natural or unnatural disaster, things will continue to get worse for the nationwide "average" person. At the same time, the average income of a NYC resident will continue to balloon.

(Who are these people buying these 800k 1br apartments and 2mil 3br apartments anyway?)

Posted by technomaster:

NY prices are terrible. It's pretty amazing that there are so many new condo developments throughout the city with 500sf apartments starting at $500k. That's a half-million!
Seems like most of the condos listed on corcoran.com are in the 800k+ range or in the millions. Out of control.

The weird thing about NY is that in spite of the prices, the population in the city keeps growing. It's supposed to double what it is now within years.

Barring natural or unnatural disaster, things will continue to get worse for the nationwide "average" person. At the same time, the average income of a NYC resident will continue to balloon.

(Who are these people buying these 800k 1br apartments and 2mil 3br apartments anyway?)

Do what my mother did. She moved from Minna Street in Brooklyn to Norwalk CT and banked around 575K in the transaction. So your commute is a little more---why pay 2-3k a month when you can OWN a home in a nice neighborhood for the same and deal with a reasonable commute on the train? You get 2-3 times the bang for your buck for a small commute--why not look into it? Heck I saw some condos for sale in the Riverside section of Greenwich for 450$ and that is the most expensive town in America

Posted by EnySpree:

The east Bronx sucks. That's why nobody wants to live over there. They are trying to build up hunts point and the waterfront area in the south Bronx so its only a matter of time.

I'm up near the Westchester County border (Mt. Vernon) and my neighborhood looks NOTHING likes Hunts Point.



[Edited by - K22 on 05-01-2007 3:59 PM]

K-22 - Yeah but that's Mt. Vernon. Yonkers, New jersey, conneticut, staten island is all the same ****. Crazy commute. Even on the deep outskirts of Queens near L.I. is too far outta the way to even be considered part of NYC.

I'm a homer through and through, but I think in the near future I'm gonna be posting from down south somewhere.

Arkrud - everyone is on their grind. People go to school and work multiple jobs, have kids, etc.

How does a mofo making 27k a year go to school and still be able to pay nyc rent? What if that person has kids? Married? Divorced? Child support? No insurance?

The mta is about raise the fair to $2.50 this year. Its getting crazy.

People still make it and do well, but what is doing well actually? 60k or better? 100k? A lot of young people can see that money with a college education within a five years. Nice, but still, manhatten rent is Ricky retardo. $2100 for studios? $4000 for 2 bedrooms? You can make money but still live check to check.

Sometimes its not easy for regular people that do regular jobs to just uproot and move. Its rough. Money is scarce as it is.

Shit happens, but my point is its happening at an accelerated rate.

2015!

Arkrud - everyone is on their grind. People go to school and work multiple jobs, have kids, etc.

How does a mofo making 27k a year go to school and still be able to pay nyc rent? What if that person has kids? Married? Divorced? Child support? No insurance?

The mta is about raise the fair to $2.50 this year. Its getting crazy.

People still make it and do well, but what is doing well actually? 60k or better? 100k? A lot of young people can see that money with a college education within a five years. Nice, but still, manhatten rent is Ricky retardo. $2100 for studios? $4000 for 2 bedrooms? You can make money but still live check to check.

Sometimes its not easy for regular people that do regular jobs to just uproot and move. Its rough. Money is scarce as it is.

Shit happens, but my point is its happening at an accelerated rate.

2015!

Posted by EnySpree:

K-22 - Yeah but that's Mt. Vernon. Yonkers, New jersey, conneticut, staten island is all the same ****. Crazy commute. Even on the deep outskirts of Queens near L.I. is too far outta the way to even be considered part of NYC.

I'm a homer through and through, but I think in the near future I'm gonna be posting from down south somewhere.

Mt. Vernon is no different from the others. Any near suburb of NYC is going to have that issue.

I don't mind the long commute, personally. Maybe it's b/c I've gotten used to it but an hour on the #5 train is good nappin' time after a hard days' work.

I'm not disagreeing you one bit about being priced out of the city, though. Finding a decent apartment (even in the Bronx which apparently has the lowest real estate out of all the boros) wasn't exactly a cakewalk. Not to mention the waiting lists to get into Co-op City and Parkchester (ESPECIALLY Co-op City) was just too long (18 months for Co-op City when I last checked.)

I could do without the city taxes though.

[Edited by - K22 on 05-01-2007 7:27 PM]