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Old 07-14-2019, 12:48 PM
 
Location: NJ
186 posts, read 552,591 times
Reputation: 65

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Affordable is relative. I mean I wouldn't mind paying 2 to 3 thousand for a studio being near work once kids are gone so affordability depends on what people are charging nearby
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Old 07-14-2019, 01:41 PM
 
Location: JC
1,606 posts, read 962,226 times
Reputation: 1284
Did a quick search on Streeteasy for Astoria in new building/outdoor space/laundry in building - One bedrooms range from $2700 - $3150 p/month. Sounds like $2320 is genuinely below market rate for that housing stock.
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Old 07-14-2019, 03:05 PM
 
Location: Confines of the 101 Precinct
19,620 posts, read 34,728,321 times
Reputation: 8409
Quote:
Originally Posted by GoHuskies View Post
Did a quick search on Streeteasy for Astoria in new building/outdoor space/laundry in building - One bedrooms range from $2700 - $3150 p/month. Sounds like $2320 is genuinely below market rate for that housing stock.
Damn so for a couple thats like at least $1800 a piece really when you add everything up

Thats really rough man.
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Old 07-14-2019, 05:10 PM
 
Location: New York, NY
8,187 posts, read 3,511,829 times
Reputation: 3341
Quote:
Originally Posted by SeventhFloor View Post
Damn so for a couple thats like at least $1800 a piece really when you add everything up

Thats really rough man.
It's a serious problem. You have to wonder how the next generation of New Yorkers will be able to afford these prices. Prices are absurd.
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Old 07-15-2019, 06:35 AM
 
Location: NY
3,881 posts, read 991,427 times
Reputation: 2250
I have said this once and I'll say it again.
Unless the government steps into to regulate Real Estate
homes will continually flip displacing more and more people.
It is not the Property Owners. The finger points at the realtor
short term investor. They are lining their pockets quickly and
passing the burden of purchase onto the new home owner and
eventually the renter.

The city will not intervene as this behavior of real estate fattens the coffers of the politicians
and their wasteful spending habits. Flippers are the cancer that have made this city unaffordable
and the city politicians are turning a blind eye while transfer taxes on home sales line their pockets.
Unless you are pulling in $100,000 a year you are doomed. Seek shelter elsewhere.........
Nuff said.

Last edited by Mr.Retired; 07-15-2019 at 07:32 AM..
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Old 07-15-2019, 07:27 AM
 
1,187 posts, read 1,146,109 times
Reputation: 996
I live in Astoria, about 7 blocks from the Ditmars stop, in a not-remotely-updated large one bedroom in a private home, zero amenities. I pay $1800. I don't think $2320 is bad at all!
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Old 07-15-2019, 07:32 AM
 
Location: New York City
8,277 posts, read 6,298,750 times
Reputation: 6085
Quote:
Originally Posted by Mr.Retired View Post
I have said this once and I'll say it again.
Unless the government steps into to regulate Real Estate
homes will continually flip displacing more and more people.
And I'll say again that you are completely wrong. People keep trying to fit a square peg in a round hole, there's too much demand and too little supply in NYC. Nobody has a god given right to live here. There are literally thousands of legitimately affordable towns across the United States, but everyone tries to cram into a dozen or so top destinations.

You can ease the supply crunch by relaxing zoning laws to turbo charge development, but then all the NIMBY's start crying and nothing changes
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Old 07-15-2019, 07:33 AM
 
Location: NY
3,881 posts, read 991,427 times
Reputation: 2250
Quote:
Originally Posted by LizfromtheBronx View Post
I live in Astoria, about 7 blocks from the Ditmars stop, in a not-remotely-updated large one bedroom in a private home, zero amenities. I pay $1800. I don't think $2320 is bad at all!
See....................There are no problems when you have money.
Well Done.........
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Old 07-15-2019, 07:46 AM
 
Location: JC
1,606 posts, read 962,226 times
Reputation: 1284
Quote:
Originally Posted by pierrepont7731 View Post
It's a serious problem. You have to wonder how the next generation of New Yorkers will be able to afford these prices. Prices are absurd.

Can't have cake and eat it too. If we wanted those 25,000 six figure Amazon jobs then we better lube up for housing costs that take advantage of this.
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Old 07-15-2019, 08:55 AM
 
70 posts, read 56,647 times
Reputation: 50
i took a look at what's out there, and it's pretty much market value for a new place in a good area...
if you can't find a nice one bedroom near the train for under $2500 i'd be very surprised
however, the rent is not stabilized in any way, which sucks... also i highly doubt the 'normal rent' apartments in this building will be easy to rent, considering you can live in hells kitchen or the UWS for close to the same
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