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.
Every thread about gentrification in new areas, there is always talk of the poor people being priced out to Long Island and Westchester.
But Long Island and Westchester are some of the most expensive places in the country, and even in the bad neighborhoods the rents are still not any cheaper than the cheapest NYC neighborhoods.
Check out the rents in Hempstead, New York, which is considered to be one of the worst places on Long Island. Rents there are probably higher than The North Bronx and Staten Island.
So where will the poor people actually go if priced out?
Every thread about gentrification in new areas, there is always talk of the poor people being priced out to Long Island and Westchester.
But Long Island and Westchester are some of the most expensive places in the country, and even in the bad neighborhoods the rents are still not any cheaper than the cheapest NYC neighborhoods.
Check out the rents in Hempstead, New York, which is considered to be one of the worst places on Long Island. Rents there are probably higher than The North Bronx and Staten Island.
So where will the poor people actually go if priced out?
There are still houses on long island for $200k. May not be your dream house or choice neighborhood/commute. But such is life sometimes.
I am sure two working adults can afford a mortgage for $200k.
Not everywhere in long island is expensive.
Everyone just wants to live in the expensive areas, so it keeps it expensive.
There are still houses on long island for $200k. May not be your dream house or choice neighborhood/commute. But such is life sometimes.
I am sure two working adults can afford a mortgage for $200k.
Not everywhere in long island is expensive.
Everyone just wants to live in the expensive areas, so it keeps it expensive.
Maybe wayyyyy out in Suffolk County, but I'm pretty sure there aren't many houses in Nassau County in that price range, even in Hempstead and Roosevelt. Plus, LI has really high property taxes.
Every thread about gentrification in new areas, there is always talk of the poor people being priced out to Long Island and Westchester.
But Long Island and Westchester are some of the most expensive places in the country, and even in the bad neighborhoods the rents are still not any cheaper than the cheapest NYC neighborhoods.
Check out the rents in Hempstead, New York, which is considered to be one of the worst places on Long Island. Rents there are probably higher than The North Bronx and Staten Island.
So where will the poor people actually go if priced out?
They are renting houses though right? With a big yard, garage, driveway, few bedrooms, more than one bath, a large kitchen, dining room, basement to play in, and living room, maybe a fireplace.
How much do you think that will cost if they somehow build that in Manhattan.
Maybe wayyyyy out in Suffolk County, but I'm pretty sure there aren't many houses in Nassau County in that price range, even in Hempstead and Roosevelt. Plus, LI has really high property taxes.
Yes I was referring to Suffolk county. But that isn't as bad as having to move to another state.
He who has the money has choices. We can't love parts of capitalism. Demand and supply is what drives prices and not the other way around. High demand in closer areas coupled with low supply (housing inventory) equals higher cost.
The farther away one goes from Manhattan the less the demand , the higher the supply and the lower the prices.
They are renting houses though right? With a big yard, garage, driveway, few bedrooms, more than one bath, a large kitchen, dining room, basement to play in, and living room, maybe a fireplace.
How much do you think that will cost if they somehow build that in Manhattan.
No, you do not get the whole house for that price, I was comparing 1 bedroom to 1 bedroom.
Plus, living in a NYC ghetto is way better than living in a LI ghetto in my opinion.
Quote:
Originally Posted by NJ Brazen_3133
It was a world class city before the hipsters and yuppies moved in driving up rents.
Most of them are native New Yorkers, at least the former
People have been moving to New York for ages. Many were able to afford to live with roommates in manhattan.
With corporations and foreign investors gobbling up real estate in Manhattan transplants were now translpanted outwards.
I think the anger is misplaced. We ( or rather 'you')should be mad at the foreign investors and corporations who are driving up the cost of real estate everywhere. The super rich is squeezing out the regular rich. The regular rich in turn squeezed out the thousand-aires. And so it goes on.
This is the closest you get to see 'trickle down effect' in action live and direct.
Because we sure didn't see the effects of giving mega corportations insane tax breaks.
Every thread about gentrification in new areas, there is always talk of the poor people being priced out to Long Island and Westchester.
But Long Island and Westchester are some of the most expensive places in the country, and even in the bad neighborhoods the rents are still not any cheaper than the cheapest NYC neighborhoods.
Check out the rents in Hempstead, New York, which is considered to be one of the worst places on Long Island. Rents there are probably higher than The North Bronx and Staten Island.
So where will the poor people actually go if priced out?
NYC suburbs are not cheap. Some suburbs are just as expensive as Manhattan. This is also not a problem in nyc, but as a nation. DC suburbs are expensive, san Francisco suburbs are expensive and boston suburbs are expensive. These suburbs are just expensive as the city core. The government will have to provide living and expenses to thr poor.
Every thread about gentrification in new areas, there is always talk of the poor people being priced out to Long Island and Westchester.
But Long Island and Westchester are some of the most expensive places in the country, and even in the bad neighborhoods the rents are still not any cheaper than the cheapest NYC neighborhoods.
Check out the rents in Hempstead, New York, which is considered to be one of the worst places on Long Island. Rents there are probably higher than The North Bronx and Staten Island.
So where will the poor people actually go if priced out?
There are houses in l.i around mastic beach for 100k pretty sure that's affordable.
NYC suburbs are not cheap. Some suburbs are just as expensive as Manhattan. This is also not a problem in nyc, but as a nation. DC suburbs are expensive, san Francisco suburbs are expensive and boston suburbs are expensive. These suburbs are just expensive as the city core. The government will have to provide living and expenses to thr poor.
Yeah, you often have to go further than the suburbs to find cheaper housing. I think a lot of people on this board aren't familiar with NYC suburbs (not that I expect them to be) and assume LI is cheaper because it's not as happening.
Quote:
Originally Posted by nowyok
There are houses in l.i around mastic beach for 100k pretty sure that's affordable.
That's like 2.5 hours away from Manhattan, not really commuting distance at that point.
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.
