Quote:
Originally Posted by Wakanda18
And it’s funny how you say formerly poor. As all those areas have houses well over a million dollars now, non renovated. That’s not middle class in the traditional sense housing prices. A 100k income won’t get you a loan for those houses, the condos/co ops are still 600k at minimum. Plus the need for the down payment. So they have to go further and further as gentrification stretches with little to show for it. You are further away from the prime areas and no school options. Then that leads to low income people being priced out, a cycle that keeps on repeating because no one has a real solution
I disagree with pensions at least as much as some are. Like I said pay them a decent wage now and give them a good 401k plan. We can’t afford for the pensions expense to continually spiral out of control. You have too many government workers struggling now which explains the service New Yorkers get from government agencies
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You distort the real estate market. Lots of people have purchased homes in areas say Bedstuy years or decades ago. Those houses are NOW worth a lot of money, and they can sell at a huge profit. The upswing in prices has benefitted property owners, even those who started out lower middle class. Real estate markets are really all about timing. Those who bought in Bedstuy in the 1990s did not pay much.
100k income should be able to get you a mortgage for a 600k home. It's not like you have to pay the mortage out in a year. Simply take out a 15 or 20 year or 30 year mortgage. Work hard and prepay the mortgage if you can.
I think you're distorting things for the middle class in NYC. While they certainly can't buy in Chelsea or Williamsburg, there are still PLENTY of AREAS in the city itself where middle class people buy homes.
As for the kids, really, SCREW the children and SCREW the schools. This is the ultimate excuse in snobbery and laziness. The schools aren't the issue if the parents are willing to figure out how to invest time and money in their children, do what they can to help their kids with their homework or make sure they do it, find tutors or work together to improve education/schools in the community.
Actually parents have organized and worked with teachers and administration to improve schools.
I don't know why people on City Data think that all NYC has to go to the SAME FEW white/Asian schools! Jesus Christ!
I've personally known middle class parents who sent their kids to charter schools or even private schools, and yes they were middle class minorities. No not all public schools further out are bad either.
I have no idea why people think it's their god given right to live in the so called prime areas. Lots of people live and work in NYC without every having to go to the so called prime areas.
My last two years in NYC I lived in Hamilton Heights, Harem while I was a graduated student at Columbia. I rarely went to the "cool" parts of Manhattan as I was too busy with other things. There was really no reason to most days.
And it's not just me, lots of New Yorkers work, go to school, and live without having to go to the supposedly prime areas.
Some New Yorkers even do the ultimately uncool and do reserve commutes and work out in the suburbs.
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