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The article talks a lot about a specific building that has a new owner and may or may not be under rent stabilization. The rents hover around $1000 and the new owner is advising tenants it could go up to $1500.
A few other details about the area and gentrification as well.
The tenants are saying that, because for a lot of them, having to pay $1500 instead of $1000 would mean they have to move out. But the article isn't really saying that, because the author acknowledges that a "new tenant would eagerly pay $1500" for a studio there.
"So if a studio at 700 East 134th St could fetch $1500 a month, a sum that a newer tenant would eagerly pay, where can people of more modest means who have lived here for years go?"
I guess it's just another article about displacement. Poor people have to move out when people of modest means can afford to and want to live there (and have most likely been priced out of their own neighborhoods where the apartments that used to be $1500 are now $2300 or whatever).
$1500 a month is apparently over the program one of the tenants is using to pay rent. Those not making enough to afford 1500 a month will have to find roommates, if they want to stay in the city.
$1500 a month is apparently over the program one of the tenants is using to pay rent. Those not making enough to afford 1500 a month will have to find roommates, if they want to stay in the city.
Am going to remind some people that $1500 a month means one person has to earn $60,000 a year. The median income for a typical household is around that. That is not exactly cheap for a studio, and it is becoming more difficult to find apartments cheaper than $1300 - 1400 even in the poorest areas of NYC. Am wondering how much some people make that think $1500 is cheap? Most New Yorkers have not seen their salaries go up. They just live with roommates, but are not making 60 - 80k a year or more.
I haven't been around for a few months, just lurked, but I need to chime in.
As someone who makes just shy under the median income of NYC in a professional job the only rents I can afford hover around 1300 dollars a month with the 40x rent rule. After a year and a half of housing lottery fiascos I've have become a bit jaded. I got so close a few times only to lose out, but whatever, that's not the point of this thread.
Prior to that I was searching for apartments in the Bronx and there were some for 1200 dollars. This was when the section 8 allowance was about 1200 dollars for a one bedroom, and now it's 1500 dollars as of last year. COINCIDENCE much!? I do not begrudge people on Section 8, but it does place a horrible HORRIBLE price ceiling on apartments in the bronx.
So as a working person I cannot afford the new 1500 dollar a month pricetag for studios and one bedrooms in the bronx, but the gazillion people on section 8, CAN now all of a sudden.
Landlords ***** and moan about section 8 tenants, but it's an automatic check to them, and they can charge MUCH higher than market rates would go for in certain areas, so they do it. Well landlords are MORONS. They should rent to people with full time jobs who can afford 1200 instead of squeezing out the tax payers anal glands for that extra 300 they know they can to keep their buildings filled with section 8. It's frustrating and it really makes you realize that it's very hard to survive in this city unless you make a lot of money or on assistance. They probably figure their buildings are already so down-trodden and parasitic anyway, might as well keep it that way. How about extending a hand to real working class people in this city for a change!?
I haven't been around for a few months, just lurked, but I need to chime in.
As someone who makes just shy under the median income of NYC in a professional job the only rents I can afford hover around 1300 dollars a month with the 40x rent rule. After a year and a half of housing lottery fiascos I've have become a bit jaded. I got so close a few times only to lose out, but whatever, that's not the point of this thread.
Prior to that I was searching for apartments in the Bronx and there were some for 1200 dollars. This was when the section 8 allowance was about 1200 dollars for a one bedroom, and now it's 1500 dollars as of last year. COINCIDENCE much!? I do not begrudge people on Section 8, but it does place a horrible HORRIBLE price ceiling on apartments in the bronx.
So as a working person I cannot afford the new 1500 dollar a month pricetag for studios and one bedrooms in the bronx, but the gazillion people on section 8, CAN now all of a sudden.
Landlords ***** and moan about section 8 tenants, but it's an automatic check to them, and they can charge MUCH higher than market rates would go for in certain areas, so they do it. Well landlords are MORONS. They should rent to people with full time jobs who can afford 1200 instead of squeezing out the tax payers anal glands for that extra 300 they know they can to keep their buildings filled with section 8. It's frustrating and it really makes you realize that it's very hard to survive in this city unless you make a lot of money or on assistance. They probably figure their buildings are already so down-trodden and parasitic anyway, might as well keep it that way. How about extending a hand to real working class people in this city for a change!?
rant OVER
Have to think even some people on this very board live in rent stabilized apartments or whatever. Salaries have not risen to support these high increases. Currently rent market rate and am here to tell you it ain't cheap. Am considering purchasing down the road. Am fortunate to earn enough to not have to share or whatever, but can understand your frustrations. Am wondering what some folks pay for rent and if they live alone or share the rent or own?
I pay 1450 for a ROOM. I know... I KNOW! But i've been here for 9 years and I have a dog that gets along with the other dog that lives here.
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