Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Manhattan rents cross $5k threshold for first time

axios.com

Post reply on HN
Print view View original

851–860 of 1001 posts

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

#851

Post by kristjansson »

kristjansson wrote: post #533
simonsarris wrote: post #436

Earlier quoted context omitted.

> I like that the city is generally safer than the rest of America. Coming from New Hampshire: this is just fantastically untrue. NYC is about one hundred times more violent than where I live. It is so thoroughly not the same that I can usually tell when people come from cities simply based on how nervous they are. I think most people don't realize how badly it affects them, or how violent cities are versus "the rest…

100x is shocking, so I explored a bit. Over 2010-2020 Amherst PD reported ~5 violent crimes per year[1], in a town of ~10000, or about 50 per 100000. NYPD reported ~49k per year over the same period[ibid], on about 8.3m residents, or about about 590 per 100000. So about 11x difference in per-capita reported-to-local-PD crime. I'll admit I'm surprised it's still an order of magnitude, I share GP's sensibility that the…

Too late to edit, but I should emphasize a comment down thread that this is a crude, worst-case estimate of the difference between OP's town and NYC. Don't take this as 'NYC is 10x more violent', take this as 'The difference is at least 10x _smaller_ than stated'

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

#852

Post by lancesells »

bufferoverflow wrote: post #840
lancesells wrote: post #790

Earlier quoted context omitted.

In what year did the stats become garbage then? If they were always garbage then crime has gone down. Do the stats become worse each year while crime goes up?

When the DAs in Democrat-run cities stopped charging criminals. I think there's a case in Seattle where one guy assaulted 23 people, one at a time, and they just let him go over and over again. No charges.

So the current Seattle district attorney is a current Republican and an ex-Democrat. So crime should get better then? Is she materially better at her job after switching parties a year ago? Do you see how weird the logic is to blame Democrats for all that goes wrong?

I know this sounds insulting but you seem like seem to have bought into a narrative of them versus us. There are ills on all sides, we are all humans who are mostly trying to make it through. Yes, there are people that are terrible at their jobs and cause harm. Yes, they are in both parties. If there was a third party they would be there too. Sure, vote and support people that align with your values but life is not a binary thing.

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

#853

Post by usrn »

lotsofpulp wrote: post #747
usrn wrote: post #716

Earlier quoted context omitted.

That sounds... expensive.

Yes, it requires everyone to live in small houses or apartments adjacent to each other without large backyards and garages for cars. Hence it working well in Tokyo.

Tokyo can exist in Japan because of some properties intrinsic to Japan which I'll get flagged for pointing out. The reason I tried to emphasize "expensive" is because those cross links are probably where a lot of the crazy property tax in NYC is going.

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

#854

Post by archagon »

LooseMarmoset wrote: post #762
wnolens wrote: post #468

Earlier quoted context omitted.

I feel you here. I'm a relatively new NYC resident and worried that I'll be "ruined" forever. I've otherwise lived in Toronto and Seattle. It really comes down to fear of change I think. Humans are very adaptable, and the same one can thrive in car-centric suburbs as they would in shoulder-to-shoulder metropolises. Given no constraints, you prefer city. But throw in kids (requirement for more space/better schools), o…

I have lived in San Diego. I have spent time in Los Angeles. I have spent time in San Francisco. I am not a stranger to large cities. I can say with certainty I will never live in one of these places. I won't even live in Pittsburgh, which is an order of magnitude smaller than any of these places. There's no escaping people. There's no escaping politics or bureaucracy. There's no way to escape petty crime, crazy peop…

Drawn like moths, we drift into the city

The timeless old attraction

Cruising for the action

Lit up like a firefly

Just to feel the living night

Some will sell their dreams for small desires

Or lose the race to rats

Get caught in ticking traps

And start to dream of somewhere

To relax their restless flight

Somewhere out of a memory

Of lighted streets on quiet nights

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

#855

Post by randomhodler84 »

bufferoverflow wrote: post #844
tomnipotent wrote: post #735

Earlier quoted context omitted.

But you're sharing propaganda instead of crime stats. So all you've done is repeat a Republican party "talking point", which in the context of crime over time is nonsense.

Plenty of evidence of DAs in Democrat-run cities not prosecuting violent criminals. In Portland mobs fully control the streets, drag people out of cars and beat them, they threaten people, while police is just standing and watching. This is on video, not propaganda.

I’m glad you enjoy Florida or Texas. Don’t get anyone pregnant accidentally cos you know why…

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

#856

Post by Baloo »

nickles wrote: post #244
Baloo wrote: post #170

Earlier quoted context omitted.

>Those price increases incentivize builders to increase the housing stock (which subsequently lowers prices). This is not reality though. Here in the UK our housing is in major crisis because people simply cannot afford the insane price increases. Pretty much everyone I know shares their living situation, on their own they would not be able to afford basic amenities. The guardian today published an article showing: >…

> Here in the UK our housing is in major crisis because people simply cannot afford the insane price increases. Pretty much everyone I know shares their living situation, on their own they would not be able to afford basic amenities. The housing in UK is in crisis because there have not been enough homes built. My rent has gone up too, but it's not because my landlord is greedy. The cost of maintaining the building h…

>The housing in UK is in crisis because there have not been enough homes built. >So is it a problem that they aren't building more or not? If we agree that more housing needs to be built, then the proper incentives must be in place. And a proper incentive may actually be as simple as eliminating a disincentive (e.g. 4 years of environmental review prior to the project's approval).

And this is a part of why it should be administered by governments and not just let loose to market forces. Homes can't just be built wherever, whenever. It should be meticulously planned and integrated with various public services. There's no real financial incentive to build 100,000 houses in the middle of nowhere, it needs to have schools, hospitals, infrastructure etc. A property developer would rather squash a bunch of apartments or buy some old stock, refit everything and charge a premium.

>It's great until it isn't. Interest rates are rising, and mortgages in the UK are much shorter term than in the US.

They actually suggested recently to offer multi-generational mortgages... That's how crazy the market is getting.

>These are risks that the landlord assumes for me.

Those are risks your landlord should have insurance for. In a world where property isn't such a commodity, those risks don't really have the same meaning or value.

We've largely left house building to the 'market forces' and it is failing us, that is the reality. What happened to the second largest construction firm in the UK? "The largest ever trading liquidation in the UK – which began in January 2018" - Carillion collapsed with £7 billion in liabilities.

"One of the UK's biggest landlords, owns over 1,000 properties, tried to ban 'coloured' people from renting because of the curry smell" - What happens to people that are 'undesirable' to landlords, they need a home too or should they simply be destitute or constantly bounced around the lowest standard of housing stock available?

Rent caps are probably not effective or radical enough to actually solve this crisis. I think if we really want to do something, it's going to hurt a lot of peoples 'net worth'.

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

#857

Post by archagon »

greggsy wrote: post #427
weeksie wrote: post #400

Earlier quoted context omitted.

My partner and I have been agonizing over this exact dilemma. We have an income number and an expenses number and when those cross a certain point, we've gotta go somewhere else. So there's a very good chance that we'll immigrate somewhere in a few years. But yeah, try as we might, we couldn't come up with another US city that either of us would want to live in.

To me, only other places that compare to NYC are Singapore and Sydney. Great food in Singapore, great weather (usually) in Sydney. The people can be a bit busy in Singapore though. Certainly no NYC, but they ticked all my recreation, arts, food, people and transport boxes. Unfortunately, they’re all so goddamn expensive to live in.

Have you lived in Sydney? I spent a day there recently and I loved it, but I got the sense that things tend to wind down in the evening (at least around Surry Hills where I was staying). Curious if I got the wrong impression: my recollection of NYC is that there's something going on at pretty much any hour, day or night.

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

#858

Post by [deleted] »

ctvo wrote: post #390

The problem for me, as a long time NYC resident, is that there's no other place in America I want to live even with work from home as a possibility. I like mass transit. I like not owning a car. I like that the city is generally safer than the rest of America. I like that it's the center for tech on the east coast, the arts for the entire country, and finance for most of the world. I like that we generally get along…

[deleted]

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

#859

Post by Baloo »

hedora wrote: post #274
Baloo wrote: post #170

Earlier quoted context omitted.

>Those price increases incentivize builders to increase the housing stock (which subsequently lowers prices). This is not reality though. Here in the UK our housing is in major crisis because people simply cannot afford the insane price increases. Pretty much everyone I know shares their living situation, on their own they would not be able to afford basic amenities. The guardian today published an article showing: >…

It takes two parties to increase the price of a housing unit. If rents are up 20% that means people are willing to pay 20% more. I don't know about the UK, but here in California, prices have skyrocketed, but so has the price of construction. There are two reasons that has happened: 1) Shortage of construction workers. The ones that are here are either (well paid) first generation immigrants, make more than Silicon V…

There's good and bad regulation. Bureaucracy in the wrong place is a pain, but without crucial regulations I feel that private capital would be even more ruthless and we'd be left with badly built homes, in badly planned communities, lacking services and infrastructure, without much care for the environmental impact..

It's really hard to see a way out of this for me without extreme interference by government..

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

#860

Post by [deleted] »

Aunche wrote: post #582
ctvo wrote: post #390

The problem for me, as a long time NYC resident, is that there's no other place in America I want to live even with work from home as a possibility. I like mass transit. I like not owning a car. I like that the city is generally safer than the rest of America. I like that it's the center for tech on the east coast, the arts for the entire country, and finance for most of the world. I like that we generally get along…

Part of the problem is that most people would rather move to an existing desirable city than try to improve their own to make it more desirable, myself included. In most major cities, less than 20% of people vote for mayor, let alone city council. Most of those who do vote in local elections are much old. http://whovotesformayor.org/

[deleted]
Post reply on HN