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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

#961

Post by SamoyedFurFluff »

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 confused. Your previous post said you pay attention to crime stats, but you reference a video before you pull a crime stat citation, and you also don’t link to said video.

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

#962

Post by usrn »

pyrophane wrote: post #494

It used to be the case that NYC was expensive, but most of the rest of the country was cheap. If you didn't want to pay the ridiculous rent in New York, you could always move to a "second tier" US city like Seattle, Austin, or Denver, and enjoy a cool urban environment at a comparatively very reasonable price. That no longer seems to be the case. Yeah, it is expensive here, but when I talk to my friends living in tho…

I was paying $2k for a very nice apartment in a very nice DC suburb within walking distance to my office. I moved to an even cheaper house (in a very walkable neighborhood) just outside Richmond. No people are not paying anywhere near NYC rent for urban living elsewhere.

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

#963

Post by pclmulqdq »

SamoyedFurFluff wrote: post #960
pclmulqdq wrote: post #610

Earlier quoted context omitted.

You would be surprised at how much commercial real estate is vacant in NYC. If that could be converted to housing, it would alleviate a lot of problems. Also, the way commercial buildings are mortgaged is crazy - major landlords often have 0% down payments (claiming that their ability to attract rental tenants will add 20% equity overnight), and keep the building vacant rather than lowering rents to maintain the "val…

Converting a commercial space into residential (assuming it’s zoned that way to begin with) isn’t trivial. We’re talking massive plumbing and HVAC system changes, for example. I do agree if empty commercial buildings can be gutted and renovated as residential it is one way to introduce more housing into the market; I don’t think it’ll be much faster or cheaper than building from scratch though.

I agree, but the way those mortgages are handled, they incentivize buildings to have a lot of long-term (5- and 10-year) vacancies, which means that it doesn't have to be particularly fast to convert them.

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

#964

Post by throwaway743 »

MrMan wrote: post #882
throwaway743 wrote: post #796

Earlier quoted context omitted.

Eh. I wouldn't jump the gun on that claim. "Where things happen", aka Manhattan? Tbh, Manhattan kinda blows these days. It's more or less a sterile, disneyified, yuppy, consumerist grazing ground from 100th down, with the exception of alphabet city and Chinatown. But even Chinatown's changing, unfortunately. Feels like the old Chinatown Fair shutting down was a signal. Idk Manhattan has a few solid areas that have he…

45 minutes each way in the subway so I can hang with my boys in a non Disney outer borough

Point being? It's likely you got friends throughout the boroughs and not just Manhattan, unless you just came here for a job. 45 min one way, 1.5 hrs both ways, is nothing. Especially if it means seeing the people you love.

It's more or less 30 min minimum to get anywhere regardless of location and there are beautiful and interesting spots all over this city, not just Manhattan. Why not explore?

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

#965

Post by dopeboy »

randomopining wrote: post #897
dopeboy wrote: post #706

Earlier quoted context omitted.

As someone who spent 21 to 29 there, it simply is the best place to live in the US for a particular part of life. Arts, food, nightlife - it makes it all worth it. For me, I started to age out of it which made it less worth it. But it's more than a dream or "fomo" - it truly is the most enjoyable place to be in the US. I visit nowadays and it's just as magical as it used to be.

Do you think 29/30 is aging out of NYC? Seems like people stay well into the flow of cool things there towards 40.

Among my friend group, yes. But everyone is different.

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

#966

Post by iskander »

function_seven wrote: post #839
filmgirlcw wrote: post #718

Earlier quoted context omitted.

I don’t know. I never felt generally unsafe in New York if I was out late at night (after midnight or 1am) and walking alone to the subway or whatever. Part of it I think is that the city “never sleeps” so you don’t get the feeling of being alone. There’s always other people around. (My mom felt differently and would often force me to take a car home if I was leaving the office at 10pm in NYC — but my mom would feel…

I think this is where statistics fails me. You (and a couple sibling comments) are responding to my comment with your experiences to the contrary, and I—never having lived in NYC—just don't have access to that. This passage[1] probably sums up the difference between aggregate crime stats and NYC residents' own assessments: > Looking at NYPD crime reports for 2010, 2015, and 2020, we find that about 1% of streets in N…

The "spikiness" of crime in NYC is extreme. I lived about two blocks away from a housing project which had a low but steady rate of assault, rape, and even the occasional murder. You wouldn't know it on my street and I never felt unsafe. I think the density of the city and relative lack of car mobility makes crime extremely non-uniformly distributed compared to most other cities (where everyone drives).

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

#967

Post by jononomo »

knowledge-clay wrote: post #299
jononomo wrote: post #68

I decided about four years ago that it just doesn’t make sense to live in NYC if you’re not making $200k/year consistently. Also, I was surprised at how many people without an original thought in their head earn $200k/year in NYC —- the city rewards a sort of dull ambition. Do you want to hang out with people who are intelligent and ambitious yet somehow fail to be interesting? If so, then NYC is for you!

The median individual income in NYC is $34k. In Manhattan, it's $52k. Making 200k puts you in the top 5% of earners in New York City.

Ok, I'll revise my statement: it doesn't make sense to live in Manhattan if you're not making at least $200k/year consistently and you're over the age of 30.

It might make sense if you're 24 and you're happy living with roommates in a $3k/month studio that has been converted into a 3-bedroom (which I have actually seen).

And if you want to have a family with 3 kids, then you'd better be pulling down $800k annually.

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

#968

Post by iskander »

2143 wrote: post #958
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…

> 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 in the city, across many cultures and backgrounds. I like it has some of the best food in the world. Isn't most of that true for most large cities…

NYC is pretty much the only quasi-European larger city in the US, and in North America maybe only Mexico City and Montreal are comparable. Boston and DC are more influenced by cars but still have a large fraction of the city that's walkable. The effect of cars on urban fabric is very depressing elsewhere in the US.

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

#969

Post by lkbm »

simonsarris wrote: post #436
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…

> 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…

Violent crime is not what makes me unsafe. Violent negligence is: 8.35 per thousand as of 2019[0].

If you want to demonstrate that NYC is less safe (and it may well be), focus on the high risk factors, not the salient ones.

[0] https://www.statista.com/statistics/191720/traffic-related-i...

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

#970

Post by gffrd »

wnolens wrote: post #468
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…

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…

> worried that I'll be "ruined" forever.

You will be. And that's OK. It's a good thing: nothing else can compete with New York, so you're relieved of the pressure of equalling/one-upping it.

What do you do when you've summited the highest mountain? You take up scuba diving.

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