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The market will sort things out alright, it will sort people OUT of the city by the tens of thousands. As it has been doing causing massive economic despair in the working class. That is what your magical market does. Create condos for the elites, while working people get stiffed and fight over crumbs. You know how few units this plan is providing? Buildings with 100 units are seeing over 90,000 application. Mind you this crisis only began developing when the city stopped building public housing.
By and large, the working class are doing what they always have and are moving to the suburbs. Even when the city couldn't give away large sections of itself in the 70s/80s the working class left for greener pastures. Why is it somehow a crime for them to find housing somewhere they can afford?
LMFAO @ these complainers. It's the people in AMI income band 3 that should be complaining the loudest. WE are the most screwed, especially in all of these lotteries. We have the MOST applicants in that band and it's the band with the least number of apartments allotted.
By and large, the working class are doing what they always have and are moving to the suburbs. Even when the city couldn't give away large sections of itself in the 70s/80s the working class left for greener pastures. Why is it somehow a crime for them to find housing somewhere they can afford?
Because it costs money to move. It cost me $5K to move 2 blocks (breaking my lease and hiring movers). So imagine picking up and moving to another state.
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Because it costs money to move. It cost me $5K to move 2 blocks (breaking my lease and hiring movers). So imagine picking up and moving to another state.
Being the people's mod must pay well. Average person would rent a u-haul and ask friend/acquiescent to help lift the furniture (that is if they don't decide to list their furniture for sale on craigslist like most who leave NYC). Only luxury apartment complex require legit moving companies with insurance policy, you have to pay a premium of around $400.
Being the people's mod must pay well. Average person would rent a u-haul and ask friend/acquiescent to help lift the furniture (that is if they don't decide to list their furniture for sale on craigslist like most who leave NYC). Only luxury apartment complex require legit moving companies with insurance policy, you have to pay a premium of around $400.
Yeah, I had people help me. I had movers lift the really heavy stuff though. Still that's only 2 blocks. How much is it to move out of state though?
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"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Yeah, I had people help me. I had movers lift the really heavy stuff though. Still that's only 2 blocks. How much is it to move out of state though?
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According to the American Moving & Storage Association, the average cost of an intrastate move is $1,170, and the average move between states costs $5,630. (Both numbers are based on an average weight of 7,100 pounds.)
I got $10k relocation package and I wrote off my moving expense on my federal tax return so I turned a profit from when I moved to NYC. I am not the best example as I did it on the dirt cheap by selling/giving away my furniture and packed my car with basic necessities clothes, shoes, laptop, and one tv (paid around $100 with tolls and gas).
Because it costs money to move. It cost me $5K to move 2 blocks (breaking my lease and hiring movers). So imagine picking up and moving to another state.
And jobs don't grow on trees. The immediate NYC suburbs are not cheaper. By the time you go far enough to actually save money, you'd have to get a new job.
And jobs don't grow on trees. The immediate NYC suburbs are not cheaper. By the time you go far enough to actually save money, you'd have to get a new job.
Much of that depends...
New Jersey, Westchester, Connecticut, and Long Island "immediate" suburbs have hot to very real estate markets. When you go further out prices actually go down because the commute is often soul crushing. This depends of course if one has access to rail or other mass transit in large part, and a few other factors.
Compare housing prices for say Maplewood, N.J. to Matawan, N.J. or even further south, or worse the Poconos in PA.
As for immediate suburbs not being "cheaper" that really has and still does depend.
For people with kids often things work out cheaper because they can attend usually excellent local public schools. This and or there are plenty of free or low cost (locally tax payer subsidized) things for them to do. You certainly aren't going to find a three or four bedroom apartment in NYC (especially in Manhattan) for anything near "cheap".
OTOH living in NYC means most parents absent those in excellent primary school districts have choices to make. High school wise the city has made some strides with all the new things being opened, but still it can be a gamble.
By and large, the working class are doing what they always have and are moving to the suburbs. Even when the city couldn't give away large sections of itself in the 70s/80s the working class left for greener pastures. Why is it somehow a crime for them to find housing somewhere they can afford?
If people want to leave by choice that is there choice. If people are forced from their homes for economic reasons, that is a problem.
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