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Manhattan rents cross $5k threshold for first time

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Re: Manhattan rents cross $5k threshold for first time

#771

Post by AlwaysRock »

dont__panic wrote: post #199
golergka wrote: post #130

Earlier quoted context omitted.

Should people who come to the city for a couple of weeks not be able to find any accommodation? Why do you think that they should have less rights that people that live in the city full-time? They already have obvious market forces working against them (short-term rents are always more expensive than long-term).

Yes? People who live in the city have families, friends, jobs, and other community structures that they contribute toward. It's where they LIVE. People who "come to the city for a couple of weeks" are at best visiting for work or family -- in which case, they can get work to subsidize the housing, or stay with the family they're visiting -- and are at worst tourists who are only visiting the city to have fun. People'…

Ah. Yeah, fuck the 50 billion dollars a year NYC makes from tourism every year!

Re: Manhattan rents cross $5k threshold for first time

#772

Post by colinmhayes »

mattwad wrote: post #369
m_ke wrote: post #221

Earlier quoted context omitted.

I'm no NIMBY but places like NYC will never be able to build enough to outpace demand.

All over NYC, there are empty buildings and apartments. There's space, but landlords are artificially reducing supply.

Nyc apartments are at 4% vacancy, a decent bit below the national average. This meme is just straight up false.

Re: Manhattan rents cross $5k threshold for first time

#773

Post by AlwaysRock »

throw93232 wrote: post #638

I visited Manhattan once, what I noticed was how run down metro (underground) was. I would compare it with Kiev metro around 2016, and that country was already at war. I have no idea how city hall can get away with doing so little!

Haha. No one loves it. Everyone wishes it was better. But no one wants delays or more crowded trains for 1-? years while it gets fixed/updated.

Re: Manhattan rents cross $5k threshold for first time

#774

Post by AlwaysRock »

5350-uiop-1130 wrote: post #242

i think remote work goes a long way in resolving this problem. governments are not interested in building new affordable property (at least in the UK). so those of us who can afford to rent in these cities, but not buy, we should all leave these places...let the landlords default on their speculative house of cards.

And then the residents in those cities will hate remote tech workers for taking all their affordable rentals. There is not an easy answer here.

Re: Manhattan rents cross $5k threshold for first time

#775

Post by colinmhayes »

EricDeb wrote: post #527
dionidium wrote: post #396

Earlier quoted context omitted.

Seven buildings. That's not representative of...anything. It's not even worth talking about. And the effects are largely positive for the city, anyway. You've got a few big, empty buildings concentrated on one street where billionaires park their money, pay a bunch of property taxes, and use zero city services. That's an unqualified win .

NYC has super low property tax. It's a win for no one

Attracting billionaires is a win. Even if they’re just there for a couple weeks a year they’re providing a lot of prestige.

Re: Manhattan rents cross $5k threshold for first time

#776

Post by matheweis »

lancesells wrote: post #668
bufferoverflow wrote: post #636

Earlier quoted context omitted.

I am not surprised. NYC gave up on violent crime. It's Democrat's policy. Same as in Chicago, SF, Los Angeles, and many other Democrat-run cities. One of the reasons I left NYC. I'm now in one of the safest neighborhoods, we have virtually no violent crime, except from the occasional visiting criminals.

> NYC gave up on violent crime. It's Democrat's policy. Could you explain that? Crime is trending down in NYC over the last 20 years. https://www1.nyc.gov/assets/nypd/downloads/pdf/analysis_and_...

Garbage in, garbage out.

People use these sorts of stats in Seattle to pretend that crime hasn’t gotten worse in the last few years.

The reality on the ground is much different, most people just don’t bother reporting crime, because it’s not worth the effort and the police probably won’t come anyway.

Re: Manhattan rents cross $5k threshold for first time

#777

Post by colinmhayes »

sbf501 wrote: post #731
dionidium wrote: post #357

Earlier quoted context omitted.

This is a conspiracy-theory-level analysis that isn't supported by any available evidence.

Can you supply some evidence that it is a conspiracy theory? Because I read this article in The Atlantic: https://www.theatlantic.com/ideas/archive/2020/01/american-h... "But the bust is upon us. Today, nearly half of the Manhattan luxury-condo units that have come onto the market in the past five years are still unsold, according to The New York Times." Sorry, but I trust the Atlantic over you unless you got some fa…

4% of apartments in nyc are vacant. You can claim that luxury units are more expensive because a block on the southern border is made up of half empty units owned by billionaires, but the rest of the city does not experience that phenomenon at all.

Re: Manhattan rents cross $5k threshold for first time

#778

Post by asdff »

rayiner wrote: post #711
vjk800 wrote: post #476

Earlier quoted context omitted.

Indeed. I come from a rural village where I could leave my bicycle unlocked over night at the center of the village and it wouldn't get stolen. When I moved to a city, one realization I made was that cycling is just a lot less convenient if you have to worry about your bicycle getting stolen. Also I can't leave my home door unlocked when I go somewhere (and thus have to remember to take the keys with me). I think sma…

That’s not a “city” thing, it’s a “New Yorker” thing. People in Tokyo routinely leave things unattended in public, including valuable and easily carried things like laptops.

Its an american city thing really. The same thing would happen when I live in big cities on the west coast and in smaller cities in the midwest too. In the midwest was where my friend got a window smashed for their micro usb cable that couldn't have been more than $2.

Re: Manhattan rents cross $5k threshold for first time

#779

Post by idoh »

rcpt wrote: post #471
eej71 wrote: post #337

Earlier quoted context omitted.

It continues to be disappointing to see so many people turn to state power as a solution to the problem of scarcity. Scarcity is solved through production not political power.

Can't produce more land. Best we can do is tax people for hoarding it

You can increase density.

Re: Manhattan rents cross $5k threshold for first time

#780

Post by woodruffw »

lr1970 wrote: post #659
derekdahmer wrote: post #581

Earlier quoted context omitted.

The NYC crime rate varies wildly by neighborhood so I don't think its very useful to compare city-wide crime stats. For example, the felony assault rate is literally 10x higher in parts of the Bronx than on the UES. If you live and work in safer neighborhoods the city will appear to be very safe to you. In NYC the most dangerous areas are pretty far out from (edit: downtown) Manhattan and you'd really have to go out…

> In NYC the most dangerous areas are pretty far out from Manhattan East Harlem (part of Manhattan) is as dangerous as the Bronx and is very different from the Chelsea where you live. Manhattan is not a uniformly safe place. Also, NYC subway is filthy, disgusting and sometimes plain dangerous. Car traffic is worse than before COVID. There seem to be more cars on the streets, for people are avoiding subway and are usi…

East Harlem is a relatively small neighborhood, the Bronx is an entire borough. There are parts of the Bronx that are both significantly more and less dangerous than East Harlem (Mott Haven and Riverdale come to mind, respectively).
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