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Old 03-11-2022, 06:31 PM
 
15,608 posts, read 15,734,667 times
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33% ?

Is that even legal?
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Old 03-11-2022, 09:58 PM
 
1,952 posts, read 1,306,735 times
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Quote:
Originally Posted by 94nasupra View Post
Plenty of people skip the big contractors and hire the handy man paying less. But the handy man is getting paid cash and can pay higher rent than a taxed pay check. Thus they have more purchasing power.

Cash for a job handyman vs a contractor taxed employee. Imagine the purchasing power difference. It’s the same with any cash business.
Handy man is collecting cash and claiming broke so he gets his rent paid in full, food stamps and free healthcare.
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Old 03-11-2022, 10:52 PM
 
31,994 posts, read 27,162,995 times
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Quote:
Originally Posted by Cida View Post
33% ?

Is that even legal?
Yes, it's called "market rate" for a reason.

If you can't pay, step aside....

When, if or until a LL cannot get that rent, he'll drop his demands. Right now tide has shifted with all those who fled city scared of covid, flocking back in droves.
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Old 03-11-2022, 11:17 PM
 
31,994 posts, read 27,162,995 times
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Quote:
Originally Posted by MJinsouthernCO View Post
It is because of the unauthorized workers in NYC. They take jobs, they invade business sectors, they depress the wages of legal citizens. They force rents to go up for legal citizens. They overcrowded everything.

Unauthorized people are a total economic poison pill. They are the #1 top reason New Yorkers struggle to pay for everything today. If you removed all of the unauthorized people the US economy would be restored rapidly.
Either you don't live here, or just don't have a clue.

NYC and metro area for that matter has long been a high cost of living (HCL) place. Every GD thing that is sold, built or otherwise done here cost more than it would elsewhere, and little of this has to with illegals.

Main reasons stem from fact NYS/NYC are welfare states. Hugh amounts of taxes, fees, and surcharges are extracted from businesses and persons to be redistributed towards the "poor".

NYC's housing system has been corrupted by rent regulation laws for > 60 years. This among other things means there is an imbalance. With > 60% of NYC rental households falling under various forms of regulation (RC, RS, NYCHA, vouchers/subsidies, etc..) market rate households pay more to offset losses elsewhere.

None of this even begins to touch state and local civil service and other unions who have generous contracts and pension benefits. At state, local and public authority levels there is incredible waste, abuse, and poor management, along with inefficacy. What some would call streamlining services others (mainly unions and supporters) call making people unemployed, so nothing really happens head count wise.

It's simple Economics 101; goods are either elastic or inelastic. Where people cannot substitute one for another easily or cheaply, they must pay higher cost. If they can then prices drop or other action happens because vendor of goods or service provider has competition.

Rest of it is what people have long known for decades; huge subset of residents simply cannot afford to live in NYC. For whatever reasons ranging from educational level, skill sets, etc.. they never will earn enough money.

In Europe and parts of Asia this problem was long solved. Fast, safe, and efficient rail networks allow people to commute into urban areas who live further away where housing and other costs are lower.


At some point NYC like much of downstate became locked in a vicious cycle; extract ever more money from anyone who can pay, to give to those moaning they are busted and broke. At some point the former say "eff it" and move, but just what that number is varies.

Andrew Cuomo understood this which is why he tried to balance tax/fee/surcharge hikes. That was one reason he had to go; so AG and rest of democrats cooked up that sexual harassment scam. Cuomo stood in way of what liberal, socialist, progressive democrats wanted to do; now with him gone they hope to practice wealth redistribution on a vast scale.

Do illegals depress wages? Sure for some sectors no doubt about that; but other areas it's a wash. How many young or even older white people to you see out in all sorts of weather on bikes delivering food?
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Old 03-12-2022, 09:40 AM
 
Location: Staten Island
2,320 posts, read 1,163,695 times
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NYC housing costs are high because land and labor are extremely expensive everywhere in NYC and there's nothing that can be done about it. My parents owned a 2-family home in Kensington, Brooklyn near Ocean Parkway. In the early 1960s many nice new 6-story elevator apartment buildings were constructed along Ocean Parkway for middle-class renters, some buildings even had parking garages for the tenants. The economics do not exist anymore anywhere in NY to construct apartment like that today for the middle-class. It only makes economic sense to construct apartments for the upper-middle-class and the wealthy.


There are no more cheap new 'private homes' anymore for the same reasons. In my neighborhood, the east shore of SI, new 2-family homes sell in the +$850k range. And that's about the least you'll pay for a new 2-family home anywhere in NYC.
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Old 03-13-2022, 12:05 PM
 
Location: Manhattan
25,410 posts, read 37,165,786 times
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Quote:
If you can't pay, step aside...
If you can't pay, go away...
is more sonorific .
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Old 03-16-2022, 12:19 AM
 
964 posts, read 947,956 times
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If people can’t afford it then just move away from NYC. It’s not the end all be all
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Old 03-16-2022, 05:36 AM
 
Location: NY
16,178 posts, read 6,921,504 times
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You get what you vote for.

Just had another argument with my siblings as they blame Trump for this economic mess we are in now.

I respond " Never had this problem under his presidency " and walk away. Any other attempt at dialogue is fruitless.
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Old 03-16-2022, 09:18 AM
 
1,914 posts, read 747,135 times
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You ain't seen nothin' yet, pricewise.
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Old 03-16-2022, 09:26 AM
 
5,890 posts, read 3,001,400 times
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Quote:
Originally Posted by dfc99 View Post
NYC housing costs are high because land and labor are extremely expensive everywhere in NYC and there's nothing that can be done about it. My parents owned a 2-family home in Kensington, Brooklyn near Ocean Parkway. In the early 1960s many nice new 6-story elevator apartment buildings were constructed along Ocean Parkway for middle-class renters, some buildings even had parking garages for the tenants. The economics do not exist anymore anywhere in NY to construct apartment like that today for the middle-class. It only makes economic sense to construct apartments for the upper-middle-class and the wealthy.


There are no more cheap new 'private homes' anymore for the same reasons. In my neighborhood, the east shore of SI, new 2-family homes sell in the +$850k range. And that's about the least you'll pay for a new 2-family home anywhere in NYC.
Non stop immigration policies dont help much either. Not even mentioning illegals. Bottle is full.
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