U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-17-2018, 05:46 PM
 
18,459 posts, read 11,856,236 times
Reputation: 12033

Advertisements

Obviously $4k rents are far more common than some are willing to believe.




https://ny.curbed.com/2018/7/17/1758...wn-comparisons
Reply With Quote Quick reply to this message

 
Old 07-17-2018, 05:48 PM
 
18,459 posts, read 11,856,236 times
Reputation: 12033
Quote:
Originally Posted by Kefir King View Post
Indeed, they DO NOT.
Report clearly states "net effective median rent...".


This can only be had at time of signing a new lease or at renewal.


https://www.elliman.com/reports-and-...-rentals/2-983
Reply With Quote Quick reply to this message
 
Old 07-17-2018, 09:55 PM
 
18,459 posts, read 11,856,236 times
Reputation: 12033
"primarily benefited those who can afford to pay more than $3,775 per month for an apartment. For a household to be able to afford an apartment at this level without paying more than 30 percent of their income on housing, they would need to earn $151,000 a year — 58 percent more than the city’s median income for a family of four."








https://streeteasy.com/blog/nyc-rent...dability-2017/


There you have it; why all those "net effective median" or whatever rents at or > $3k per month.


All over the UES (and elsewhere) you see small armies of child minders with one or more children in tow. This and or the actual families themselves. Where you think they are all living?


Developers used include large numbers of studio or small one bedroom apartments in new buildings. Trend for years now has been the other way; few studios or even one bedrooms; but plenty of two and three bdrm units. Those larger apartments come with higher rents.


What is even more amazing is that all over UES, UWS, SoHo and elsewhere the legions of SAHM, which means one income is carrying that rent/entire family.
Reply With Quote Quick reply to this message
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.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top