Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Some study says the average cost of rent is going down in Queens while Brooklyn is getting ever more expensive. I can kind of see this happening since very few neighborhoods in Queens are considered hip by transplants. In your experience, is this happening in Queens?
I would put Gothamist in the same tier as NY post in terms of lack of credibility and more of a tabloid style journalism. The real estate blog curbed offers a more comprehensive summary of the information.
Although Queens once provided less expensive rents, prices in the borough's western neighborhoods are still holding their weight despite a slight lag in rising prices. While the median rent hasn't risen in a few months, that doesn't have to do with a lack of demand; it just means that more studio and one-bedroom apartments are making their way onto the market, which traditionally cost less than apartments with two bedrooms or more. Being that prospective buyers across the city have largely been priced out of Manhattan and Brooklyn, it makes sense that smaller "starter" apartments are on the up and up in Queens. Although median prices in the borough have been down for a few months, median sales prices rose a whole 8.5 percent year-over-year from $355,000 to $385,001.
Some study says the average cost of rent is going down in Queens while Brooklyn is getting ever more expensive. I can kind of see this happening since very few neighborhoods in Queens are considered hip by transplants. In your experience, is this happening in Queens?
It's not my experience. I live in "West Queens" although not exactly a hip location. Still, the rents have definitely been going up. A few years ago you could rent a studio in the central part of my neighborhood (considered the best area within the neighborhood for amenities and access to trains) for $1100 to $1200. Now I'm seeing studios for $1500 to $1650. This might not sound high when you're comparing to hip parts of Brooklyn, Manhattan, and Long Island City, but it's definitely an increase.
I've noticed when you read these types of reports, you really have to look at how they are gathering and spinning the data. They manage to make it about whatever they want to make it. Numbers are pretty easy to manipulate if you start with your message and then look to see how you can get the data to back up what you want to say.
I check real estate listing everyday and they don't seem to be going down to me. Plus, some of those 100 year old red brick buildings actually have the gaul to charge $2,500.00 and up for a non-gut renovated apartment. Those prices are reaching luxury high rise condo prices and for the same prices, one might as well live in the luxury high rise condo with a doorman, gym, and other amenities then be reduced to a red brick building with no elevators, neighbors who have lived there over 50 years, are hoarders, pay under $500 in rent, and are harboring bed bugs. Oh, and let's not forget the building will most likely not have a laundry room in the red brick ones.
I check real estate listing everyday and they don't seem to be going down to me. Plus, some of those 100 year old red brick buildings actually have the gaul to charge $2,500.00 and up for a non-gut renovated apartment. Those prices are reaching luxury high rise condo prices and for the same prices, one might as well live in the luxury high rise condo with a doorman, gym, and other amenities then be reduced to a red brick building with no elevators, neighbors who have lived there over 50 years, are hoarders, pay under $500 in rent, and are harboring bed bugs. Oh, and let's not forget the building will most likely not have a laundry room in the red brick ones.
What happened to your other screen name, q41apartments? Both your screen names talk about the same stuff -- bedbugs, overpriced apartments in Astoria, old-timers who pay less than new residents, lottery apartments.
I wonder why you couldn't just stick to one screen name since it's all the same over and over again. Did you get banned with your first screen name?
Some study says the average cost of rent is going down in Queens while Brooklyn is getting ever more expensive. I can kind of see this happening since very few neighborhoods in Queens are considered hip by transplants. In your experience, is this happening in Queens?
Not at all in Western or Central Queens. Big parts of Eastern Queens have poor train coverage.
But back to Brooklyn, big parts of Brooklyn have not gentrified and won't gentrify. East and South Brooklyn in particular.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
