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Old 07-15-2019, 11:21 AM
 
1,060 posts, read 524,332 times
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All affordables are rent-stabilized (or equivalent, for Stuy Town), though the details of the program may vary.
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Old 07-15-2019, 11:34 AM
 
Location: New York, NY
2,717 posts, read 2,274,083 times
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If you think that's bad, try $2,992 as affordable for a one bedroom.

http://www.nychdc.com/content/pdf/Pr...nt%20South.pdf
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Old 07-15-2019, 11:42 AM
 
Location: New York, NY
8,187 posts, read 3,511,829 times
Reputation: 3341
Quote:
Originally Posted by GoHuskies View Post
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.
I'm not a supporter of affordable housing quite frankly. It exacerbates the problem for those of us who pay market rate rent. If all works as planned I will be purchasing soon. The prices for market rate places are simply out of control.
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Old 07-15-2019, 01:51 PM
 
Location: Brooklyn, New York
3,752 posts, read 3,858,504 times
Reputation: 3566
Quote:
Originally Posted by pierrepont7731 View Post
I'm not a supporter of affordable housing quite frankly. It exacerbates the problem for those of us who pay market rate rent. If all works as planned I will be purchasing soon. The prices for market rate places are simply out of control.
Affordable is actually a small part of the problem. The real issue keeping housing prices so high up is the increasingly stringent and expensive permit process and restrictive zoning. In most cities it is simply a supply-side problem.

Take a look at this case:
An article from 2017 arguing that a new measure of permitting more houses in Sydney wouldn't drop the prices:
https://www.smh.com.au/business/the-...19-gzobxa.html

Here is an article from 2019, as developers were enabled to build more housing, the prices are dropping at an average of $2,700 per week for the past two years:
https://securedatapower.com/blog/201...-end-in-sight/

Like magic, Sydney is affordable now. There should be a backlash soon from NIMBYs, and in about five years Sydney again should be topping the rankings of the most expensive cities in the world. Like clockwork.
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Old 07-15-2019, 02:08 PM
 
Location: In the heights
22,173 posts, read 23,698,700 times
Reputation: 11633
Quote:
Originally Posted by Gantz View Post
Affordable is actually a small part of the problem. The real issue keeping housing prices so high up is the increasingly stringent and expensive permit process and restrictive zoning. In most cities it is simply a supply-side problem.

Take a look at this case:
An article from 2017 arguing that a new measure of permitting more houses in Sydney wouldn't drop the prices:
https://www.smh.com.au/business/the-...19-gzobxa.html

Here is an article from 2019, as developers were enabled to build more housing, the prices are dropping at an average of $2,700 per week for the past two years:
https://securedatapower.com/blog/201...-end-in-sight/

Like magic, Sydney is affordable now. There should be a backlash soon from NIMBYs, and in about five years Sydney again should be topping the rankings of the most expensive cities in the world. Like clockwork.
Supply definitely has a strong affect, but Sydney is not affordable. It went from extremely unaffordable to somewhat extremely unaffordable which was decried as a disaster by some because it meant a couple of years where housing prices were stagnant or went down a little. The prices might not have kept on going on its extreme upward growth, which is better, but in 2019 posted something like an order of magnitude difference between median home cost to median income ratio (something upwards of 10:1) which was something severely worse than NYC's usual 4 or 5 to 1. Building more supply is definitely one of the things that should be done though.
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Old 07-15-2019, 06:08 PM
 
Location: NY
3,881 posts, read 991,427 times
Reputation: 2250
Quote:
Originally Posted by BlakeJones View Post
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

Opinion: Completely wrong? Depends on which side of the fence you stand.
That would be great if the states pulled together and connected high speed trains to main city hubs.
Wonder why that never materialized ? The infrastructure is there but the gavel has yet to land hmmmmmmmm...
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Old Yesterday, 08:30 PM
 
131 posts, read 244,626 times
Reputation: 70
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.
Then again they dont -need- a luxury apt...
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Old Today, 02:10 PM
 
231 posts, read 185,653 times
Reputation: 135
lmfao
all brooklyn lotteries are over priced
everything is 1900+ for a studio
lmfao
they all call me like i'd fking pay that much for a studio
they are having hard time filling these and i'm happy. fking greedy losers
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