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Well, sometimes the results aren't too bad. Vienna and Singapore among others are all pretty nice cities with fairly affordable housing due to differing measures to decommodify housing and make the majority of housing in those places less of investment vehicles and more of housing. Berlin's actually gone from fairly affordable to more expensive because of various measures over just the last several years that's made housing and landlording a better investment. Berlin for as good of a city as it is though is still more affordable than most other likewise prominent cities in the developed world though that's probably a holdover from the previous measures having made the increases start from a low base.
I like this mindset. We definitely can't allow things to remain as they are, the free market doesnt give a damn about human dignity, hence we have all these homeless folks, so if the free market doesnt care, the government definitely needs to do something--to what extent I don't know, but sitting by and doing nothing is why California et al, is drowning in the unhoused, which is very sad.
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Originally Posted by jjbradleynyc
I was just going to say that, as I glanced at the NYC number and was like WHAT.
I did a street easy.com search just now for Manhattan alone-any neighborhood-and found 543 one bedroom apartments for rent right now, under $3000 per month.
There are many, many apartments for rent much less than the $3800-ish per month number given in the article above.
If someone is looking for a luxury/new construction/doorman building in the most desirable neighborhoods in the city, well, yeah, you'll pay stupid money for that.
But most people will be more frugal, flexible and efficient with their search.
You would expect half of the apartments to be less than the posted number. It's the point of the median.
I like this mindset. We definitely can't allow things to remain as they are, the free market doesnt give a damn about human dignity, hence we have all these homeless folks, so if the free market doesnt care, the government definitely needs to do something--to what extent I don't know, but sitting by and doing nothing is why California et al, is drowning in the unhoused, which is very sad.
To be fair, housing is far from a free market. It’s controlled by effectively local cartels whose overriding mission is to raise property values. This is less true where renting is more prevalent but it still exists. (Like otherwise Weston MA wouldn’t have 780 ppsm 12 miles from Boston)
In the past 8 months for some reason Chicago rents have skyrocketed, I assume a lot of WFH covid migrants couldn't last out in the suburbs or rural areas and moved back to the city in droves causing a huge rental crisis.
I don't think that's it at all. There isn't a "rent crisis" and apartments are still drastically more easy to find than in NYC. Vacancies are still pretty high.
Hearing some landlords in OC are asking for full year rent, which could be 50k or more in some cases.
Interesting. The opposite is just starting to happen in LA. I've noticed that the number of homes for rent has been increasing in desirable areas which I attribute to homeowners choosing to rent for some time rather than sell in a declining market. And the rental prices are coming down or at least flat. I'm hopeful that LA may be returning to normal in terms of available housing to rent, which has been very tight for years due to low interest rates and rising prices.
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