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How many illegals live in NYC? Itsy funny that on the right, seems like the solution to every problem is deportation
Perhaps a better question is how many units are owned by foreign investors who either lease out or use it as an alternative to a hotel, when visiting on business or tourism.
Perhaps a better question is how many units are owned by foreign investors who either lease out or use it as an alternative to a hotel, when visiting on business or tourism.
No laws prevent foreign investment.
Nor should there be any laws that prevent foreigners spending their money here.
its the result of lots of people with education and high paying jobs. so-called cheap areas are areas full of people who earn very low wages which keeps the market cheaper. Areas where most people have higher education will be more expensive than red state areas where education is frowned upon.
its the result of lots of people with education and high paying jobs. so-called cheap areas are areas full of people who earn very low wages which keeps the market cheaper. Areas where most people have higher education will be more expensive than red state areas where education is frowned upon.
Surprised it took 3 pages for the right answer to pop up.
income inequality and housing cost relative to income is always worst in deep blue areas.
Almost like rich liberals don't really care about the less fortunate.
That can't be true of course. Could it?
That is not true.
It is the FEDS that are the problem.
My income might be $100,000 in Nj but the FEDS think that my $100,000 is the same $100,000 someone makes in South Carolina.
NJ $100,000 is lower middle class.
South Carolina $100,000 is upper middle class.
I moved to a southern state and my salary dropped to $60,000.
The strange thing was I was probably living the same lifestyle,but I got more freebies during tax time.
Supply and demand. NYC and SF are in demand for the industries that it has and because there is so much going on. Supply is low because these are coastal cities with a limited amount of land. Fewer people are buying homes in many places. Alot of homes being constructed are basically condominiums. Land supply is low in places in NYC and SF. SF has height limits on its buildings. Millions of people are trying to live in these places for multiple reasons.
Sadly, it is what it is. Unless you don't mind living in slums, this is what you'll get. Even the ghettos are expensive.
And this issue is nothing new. Former MLB player Doug Flynn was traded to the New York Mets from the Cincinnati Reds in 1977. In Cincinnati, he had a house. In NYC, he could barely get an apartment. And this was a baseball player.
Last edited by green_mariner; 11-27-2016 at 12:21 PM..
Many other cities have exorbitant rents without rent control or stabilization, which exists only in NYC and parts of California.
In Portland there are probably hundreds or thousands of people living in overcrowded dwellings.
I'm in a 3BR/1BA with currently 9 people (usually 8 people) and people are living in the living room, the garage, an RV on the property, and currently one in the dining nook.
Supply and demand. NYC and SF are in demand for the industries that it has and because there is so much going on. Supply is low because these are coastal cities with a limited amount of land. Fewer people are buying homes in many places. Alot of homes being constructed are basically condominiums. Land supply is low in places in NYC and SF. SF has height limits on its buildings. Millions of people are trying to live in these places for multiple reasons.
Sadly, it is what it is. Unless you don't mind living in slums, this is what you'll get. Even the ghettos are expensive.
And this issue is nothing new. Former MLB player Doug Flynn was traded to the New York Mets from the Cincinnati Reds in 1977. In Cincinnati, he had a house. In NYC, he could barely get an apartment. And this was a baseball player.
Policies in NYC have actually nade the CD NYC forum laughable. Many of the threads are about housing lotteries for low income people. It got so bad people requested a subforum for this topic. Socialism at work!
Nor should there be any laws that prevent foreigners spending their money here.
So it's okay if foreigners buy up rental properties to fleece renters and take our money back home?
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