Will We EVER see the Middle Class again? (New York, York: rent, crime)

[NickL28]

Originally Posted by mead

What are you defining as Middle Class? I would say under $100k a year. Unless someone is living in a rent controlled apartment that they have had for the past 20 years (which would probably result in them never having had kids because it will likely only be 1 br) then it is hard to live in Manhattan on that type of salary.

The rents in Manhattan south of 86th st on the east side and 110th on the West are going for well over $2,000 a month these days. I think the average for a 1br is around $2,500. To afford those types of rents you really need to be making around $100k - $125,000 a year.

And rents are definately approaching this level in the 'other 4 boros' outside of Manhattan unless you want to live in southeast queens near JFK or near the Belt Parkway.

Queens & Brooklyn aren't much cheaper especially in the now uber trendy sections of Queens like Jackson Heights, Astoria, Woodside & Forest Hills.

Real Estate brokers are really cleaning up since most charge at least 15% of annual rent which must be paid by the renter upon signing of the lease.

[INeedAChange]

Maybe if there is a another massive terror attack all the rich people will bail and the middle class will slowly come back. Otherwise no.

[scatman]

Discussion on disappearance of middle class, part I

Discussion on disappearance of middle class, part II

[Hustla718]

Originally Posted by INeedAChange

Maybe if there is a another massive terror attack all the rich people will bail and the middle class will slowly come back. Otherwise no.

Hah, why.

The middle class would leave even faster in fear of their families safety.

The rich would spend more money on personel security.

The poor don't care, just hook em up with Section 8, Welfare, and all of New York's other goodies.

[EugeneBKLYN]

I agree with Hustla's theory. The gap will widen between the rich and the poor.

[briarwood]

Do you people ever leave the five boroughs. America itself is losing it's middle class.


Texas? Ha, good luck finding minimum wage

Ditto rest of South

California, NY on crack

West, Only if you like foresting

Rest of Northeast corridor, even worse

Midwest, if you could find a job...


Let's try to keep things in prespective here...

[Hustla718]

Originally Posted by briarwood

Do you people ever leave the five boroughs. America itself is losing it's middle class.


Texas? Ha, good luck finding minimum wage

Ditto rest of South

California, NY on crack

West, Only if you like foresting

Rest of Northeast corridor, even worse

Midwest, if you could find a job...


Let's try to keep things in prespective here...

Yes but NYC leads the way. America's income disparity is growing and that is a bigger problem then people think.

Thay is why you ask a middle class White kid who visited for a week about New York and he will call it "Super, totally dude. It rocks.". Ask a low income NYC Black or Puerto Rican kid and he will say" **** this place, my cusin got killed last week, barely afford the rent, no good jobs, I hate it". America is a different place depending on what race you are and how much you make.

[njguy]

Originally Posted by INeedAChange

Maybe if there is a another massive terror attack all the rich people will bail and the middle class will slowly come back. Otherwise no.

Heaven Forbid, but if terrorists drop a nuclear bomb or two - then I can see the middle class come back after it's safe to inhabit the area.

Other than that - I see the NYC area getting more expensive yet in years to come.

[Hustla718]

Originally Posted by njguy

Heaven Forbid, but if terrorists drop a nuclear bomb or two - then I can see the middle class come back after it's safe to inhabit the area.

Other than that - I see the NYC area getting more expensive yet in years to come.

With todays nuclear weapons, not in our lifetime. The fallout alone with leave the metro completely abandoned for generations. The city would be leveled.

[njguy]

Originally Posted by Hustla718

With todays nuclear weapons, not in our lifetime. The fallout alone with leave the metro completely abandoned for generations. The city would be leveled.

Well then, after many generations the middle class would come back