Are middle class residents being pushed out of NYC? (New York: rent, condo)

[GDK94]

Originally Posted by dhanu86

Obviously there has to always be a middle class so maybe we need to get more specific.

yes, there will always be a middle class, but are they living well?

Those declining percentages are interesting because if you look at 2000 compared to 2006 I think it was, all boroughs had a healthy population growth.

the city as a whole only grew 3% (or 200,000) from 2000 to 2007. 3 of the 5 boroughs declined in population as of 2008. btw, the only reason nyc keeps growing every year is because you have immigrants to fill the gaps of the middle class fleeing south.

So the population exchange is probably lower-middle class out and mid-upper middle class in including some yuppies and professionals from more dried up areas of the country.

no, the lower middle class population is increasing. about 50% of this cities population makes less than 38,000. you also have well over 600,000 people in the projects and that number continues to increase day after day.

[john_starks]

Originally Posted by Mr.Triny33

What part of the Bronx is this, the Developments in the South Bronx are being geared towards Middle/Working Class individuals/families.

Riverdale?

[GDK94]

Originally Posted by StrugglingMusician91

how can you say they arn't being pushed out.

i say that because there are still affordable (by nyc standards) areas, for instance just south of bushwick ave and just east of rockaway ave. housing here is $650/br. but you do have a point though. the average rent in this city is $2000/br which is crazy.

Mr.Triny33

What part of the Bronx is this, the Developments in the South Bronx are being geared towards Middle/Working Class individuals/families.

is this affordable housing, affordable by nyc standards (ie, 6, 7, or $800/br) only?

[jigglypuff]

Originally Posted by analyticalkeys

Or how about no. There's A LOT of teachers like this that live in NYC... without the help of a spouse, and not living in bad areas either.

not on their own income they are not. teachers dont get paid enough to do it.

prove me wrong, go to zillow.com right now find me a house in NYC proper that one person can afford on a $50,000 a year income with 3.5% down Fha 30 year fixed mortgage(the least expensive (upfront) and easiest way for a teacher to buy a home). edit: oh and at today low rate which is currently 5.36% a little more for FHA i think.

the vast majority of my friends are teachers so if you can find me these homes in these nice areas let me know and i will happily forward it to them

[SobroGuy]

Well here is a home that was BOUGHT BY A TEACHER who makes $70,000 per year, single, 33 years old and put 5% down. In fact, there are still a few available....this is in the South Bronx where the bulk of affordable housing is geared to the working/middle class, like teachers, police, post office, firemen, are able to buy and invest..which is exactly what is happening. His neighbors are cops. Of course, if you are expecting to live in the Upper East side at these prices, and with that salary...you are outta luck..but that has always been the case and its nothing new. There are plenty other examples, an abundance actually, of affordable rental/sale homes available...you just need to do less complaining/more searching..its right in front of your face. http://www.nyc.gov/html/hpd/download...cord-homes.pdf

[jigglypuff]

Originally Posted by SobroGuy

Well here is a home that was BOUGHT BY A TEACHER who makes $70,000 per year, single, 33 years old and put 5% down. In fact, there are still a few available....this is in the South Bronx where the bulk of affordable housing is geared to the working/middle class, like teachers, police, post office, firemen, are able to buy and invest..which is exactly what is happening. His neighbors are cops. Of course, if you are expecting to live in the Upper East side at these prices, and with that salary...you are outta luck..but that has always been the case and its nothing new. There are plenty other examples, an abundance actually, of affordable rental/sale homes available...you just need to do less complaining/more searching..its right in front of your face. http://www.nyc.gov/html/hpd/download...cord-homes.pdf

and the south bronx is this "nice area" you said teachers could live in and raise a family. the south bronx?

and, for the record, teachers dont make the minimum salary to live in the SOUTH BRONX of $69,000 until the END their EIGHTH YEAR TEACHING. what are they supposed to do for the first 7 plus years if they cant even afford the "nice neighborhood" of the south bronx? rent in the south bronx?

no, you didnt do anything but it make it EVEN MORE clear how out of reach the city has become fore the middle class, when a teacher has to be teaching for 8.5 years to buy a 3 three family unit in the south bronx.

[StrugglingMusician91]

Originally Posted by analyticalkeys

We can make a case right now for the lower class being pushed out... I think the middle class is still hanging in there.

No the lower class are surviving through section 8 and public housing. Middle class are to rich to qualify for that and too poor to afford a house in a decent neighborhood.

[jigglypuff]

the teacher pay scale
Mod cut: copyright violation

p.s. i forgot to mention the 69k Plus, at 8 years is only if they have a masters plus 30 post grad credits or a comparable. and they can buy a three family home (and all the stress that comes with that) in the south bronx.

[SobroGuy]

Umm..for the 7 years BEFORE you buy, you RENT like everyone else and save your money. Unless of course you expect to buy a home right out of college? Who does that exactly? Secondly, if living in the South Bronx is not "good enough for you" or somehow you "deserve better"...I say this: You live where you can afford...and that's exactly what you "deserve." If living in NYC means you live in the South Bronx because that is what you can afford..why do you feel entitled to something "better" or somehow expect people/city to accomodate what you feel you deserve? Maybe instead of ridiculing what you can afford in NYC, you should come up with a way to either afford what you feel you "deserve" or lower your standards and be realistic. And furthermore, who says you are entitled to BUY anything? That is a luxury, not a right. If you want to rent affordably so you can save money during those 7 years before you buy...here are MORE CHOICES: http://www.nyc.gov/html/hpd/download...37-Tiebout.pdf http://www.nyc.gov/html/hpd/download...ester_apts.pdf Of course if you are "too good" to live in any of these places, or somehow expect a white picket fence, front lawn, and starbucks on every corner, you are living in the wrong city/make too little/have irrational expectations.

[justfarr1030]

Lower and middle class is definitely being pushed out. Middle class is hanging on by a thread though but it is inevitable.