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Why are more Americans going broke each year if housing cost is the main reason people are leaving? Why aren't their wallets getting larger once they leave the expensive states......
very simple question....
Last edited by BrooklynJo; 02-24-2023 at 08:16 AM..
Luxury buildings are only a tiny amount of the apartments available in NYC. Most apartment buildings are filled with the lower classes and illegal immgrants in crummy walkups or crummy elevator buildings or crummy illegal apartments in dreary neighborhoods. Only about 35% of NYC residents own their own homes. As a rule the homeowner blocks are nicer than the renter blocks.
Private (1-2-3 family) homes by boro:
borough - private homes
MN = 7,202
BX = 64,147
BK= 206,198
QN= 278,254
SI = 109,445 NYC tot = 665,246 private homes containing approx 1,087,182 residential units.
Luxury buildings are by far the majority of buildings being BUILT CURRENTLY. I'm not sure why you're acting like you did not understand what I wrote and switched the terminology
in the vast majority of large cities across America there is a much larger rental population than home ownership population. What exactly does NYC having 35% renters actually mean? Thats pretty normal for most large cities across the country.
That literally says Metro Area. One can leave NYC and still be in the metro area. I’m 10 minutes outside of the city and life is demonstrably different.
There is not that much difference between Northern NJ, and Southwest CT to NYC.
High cost of living
High taxes
NJ cities have higher crime rates etc.
I always laugh at delusional New Yorkers who move to Northern NJ and actually believe they made a significant move
here in bay terrace in queens we have only 3 rental buildings . all the apartment houses one sees are co-op or condo . 2 buildings are in our development and one is a totally differently owned building a few blocks away ,
both here are very nice and have pools .
all 3 are still stabilized but rents are within spitting distance of being destabilized.
ours has pool , tennis courts and gated guard house entry., the other doesn’t.
nyc has few owners relative to renters .
the fact we have so many apartment houses has a totally different economy of scale compared to renting a one family house or in a two family house .
it is magnitudes cheaper in apartment buildings as well as most are stabilized with guaranteed renewal.
you still have stabilized tenants left in co-ops who didn’t buy in the original conversions .
many of these are in fabulous buildings like we owned in 200 central park south …that is the second most desirable co-op in the city and it still has quite a few remaining stabilized tenants
Most cities in this country have more renters than owner. Not sure how renting became a NYC thing specifically.
Luxury buildings are by far the majority of buildings being BUILT CURRENTLY. I'm not sure why you're acting like you did not understand what I wrote and switched the terminology
in the vast majority of large cities across America there is a much larger rental population than home ownership population. What exactly does NYC having 35% renters actually mean? Thats pretty normal for most large cities across the country.
nyc has 2x the renters that los angeles does and los angeles is double the rest of the next closest major cities.. so we have 5x say houston or chicago.
by percentage of population we are the king of renters here
nyc has 2x the renters that los angeles does and los angeles is double the rest of the next closest major cities.. so we have 5x say houston or chicago.
by percentage of population we are the king of renters here
Lots of people renting is not a NYC centered phenomenon that America has made it out to be. Instead, its rather normal in most large cities across the board
Why are more Americans going broke each year if housing cost is the main reason people are leaving? Why aren't their wallets getting larger once they leave the expensive states......
very simple question....
Only a very poorly educated person would think this is an easy question or even a relevant question. Do you think NYC’s fleeing population is even a drop in the bucket compared to 340+ million people nationwide?
Only a very poorly educated person would think this is an easy question or even a relevant question. Do you think NYC’s fleeing population is even a drop in the bucket compared to 340+ million people nationwide?
Its a very simple question. Not sure what the "walk around the question" comments are about.
If housing cost is really a reason why people leave states than I am curious to know why more Americans are going more broke each year since Americans have been leaving high-cost states for the past 2 decades.
Not sure what confusion is?
If it helps, I know many New Yorkers who didn't actually save much. They got lower paying jobs and had to deal with higher car maintenance cost and are only satisfied with having a larger apartment. But as far as their bank account goes, they were just as broke in North Carolina, Georgia as they were in NY when they use to live here.
Keep laughing, but from NYC. We definitely don’t need your type here.
Except NJ and NYC are the exact same type. Let me repeat
High Taxes
Strongly democrat
High Cost of Living.
Lots of immigrants
More crime ridden large cities in both NJ, CT, and PA compared to NYC.
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