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A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

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Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#341

Post by vr46 »

belter wrote: post #92
vr46 wrote: post #45

Earlier quoted context omitted.

Hamburg. The previous tenants left a mess, the landlord put in a new kitchen for us, new fences around the boundary, new back patio tiles. Ventilation is a problem as extractor fans need replacing and I’ve replaced a bunch of electric switches and sockets, but no fun. Classmates with income only from the job centre are unable to find a place to live, although that’s hardly better anywhere. In London the rents are ast…

The landlord put in a new kitchen for you? When I lived in several different towns in Germany every single flat was rented without kitchen...I bought more than one and had to dismount the kitchen when leaving. One of German absurdities I don't miss... "Apartments don’t come with kitchens in Germany" - https://alisajordanwrites.com/2018/08/06/apartments-dont-com...

Yes, well, the kitchen - AND ALL THE LIGHTS IN THE HOUSE - were removed by the previous tenants.

This is so fucking stupid it deserves a dedicated room in the Museum of The Stupid. Kitchens are so fitted to the physical rooms they are in, they are basically part of the house like walls, floors, ceilings and doors.

It's totally mad, isn't it!

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#342

Post by vr46 »

egorfine wrote: post #216
vr46 wrote: post #13

The UK has completely abolished fees (I think) for tenants - I am a reluctant landlord - and I completely agree with that, the power asymmetry in finding housing is already bad enough without allowing blank-cheque negotiations. In my section of Germany, housing is even worse with rent caps and tenant rights, plus a lack of housing. Tenants are hard to move on, so landlords are painfully cautious about getting the rig…

I have lived for a few short times in Berlin and around during the last 10 years. I have a strong feeling that "worst decor and electrics, terrible ventilation and mould" is indeed an actual high-end housing in Berlin. A modern bright renovated house with brand new appliances would definitely be frowned upon by a typical german landlord.

Ourselves and the landlord are dealing with all the issues, bar a complete rewire, and a new bathroom is the next thing on the cards. There isn't enough money in the system to fund the operational costs of housing here. Inflation and regulations have pushed the costs of improvements into the sky - like some new reg coming in saying that ALL new roofs after 202X must have solar panels and gold plating and be made of Vibranium or something, and that means that roofs are simply going to be left to rot.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#343

Post by PH95VuimJjqBqy »

bradlys wrote: post #336
PH95VuimJjqBqy wrote: post #334

Earlier quoted context omitted.

considering how infamously bad traffic is in NYC I find it difficult to believe that you can actually just not own a vehicle in NYC. who knows, maybe it's not really that bad and I'm ignorant here, it's possible. But my point is that if you don't own a car there's automatically a limited range of movement that you have. It might be better in NYC (it probably is), but we have areas like that too. We also have public t…

> considering how infamously bad traffic is in NYC I find it difficult to believe that you can actually just not own a vehicle in NYC. > who knows, maybe it's not really that bad and I'm ignorant here, it's possible. You answered your own question.

That may be true, but according to this: https://www.thecentersquare.com/new_york/article_d37b99d4-18...

NYC most definitely has far longer commute times than this area.

Even in rush hour traffic, 20 minutes implies driving from 1 side of this city to the other, some in NYC are reporting commute times of over an hour.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#344

Post by clearcoat »

jkachmar wrote: post #338
throw__away7391 wrote: post #106

Earlier quoted context omitted.

Yes. In the US, sure. Compared to cities outside the US it is horrible. Less walkable than most, food is ok if you know where to go but nothing special and also super expensive like everything else, aggressive drug addicts wandering the streets, high crime including random acts of violence for literally no reason at all, incessant aggressive honking at all hours of the night, even when you are paying $5k a month for…

i live in NYC and have traveled to plenty of other international cities. none of the things that you're saying are true compared to my experiences (or those of my friends) in any way that i can think of as meaningful. the only city i've been to that feels like it's captured the same "vibe" as NYC, for me, has been Paris. Tokyo was more impressive in its sprawl and history (and obviously cleanliness), but there is a s…

Visiting another city is not in any way comparable to living there. Or would you defer to the opinion of some tourist who visited NYC for a random weekend?

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#345

Post by wolverine876 »

TylerE wrote: post #283
PH95VuimJjqBqy wrote: post #265

Earlier quoted context omitted.

[flagged]

You’re the one playing bad faith word games and being incredibly rude and obnoxious.

It was really a genuine question. I was not attacking them; I think they offer a valuable perspective.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#346

Post by wolverine876 »

bhchance wrote: post #263
wolverine876 wrote: post #244

Earlier quoted context omitted.

Which regulations would you cut? Safety? Basic serivces like kitchen and bathroom? Light?

Parking minimums.

I could support that, though maybe not in a place that's unavoidably car-dependant. As you probably know, parking eats up real estate and drives up prices.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#347

Post by wolverine876 »

stale2002 wrote: post #279
wolverine876 wrote: post #241

Earlier quoted context omitted.

People with different preferences than you are "antisocial"? (Isn't that a bit ironic?) The GP has a different point of view; there's nothing special about yours or about NYC that makes yours better. The two of you deserve each other.

> there's nothing special about yours or about NYC that makes yours better Well there is something special about the higher cost places. That thing special, is that they are more desirable by a much larger amount of people. Otherwise prices wouldn't be so high. So yes, the more in demand places are better to a much larger amount of people.

Taylor Swift is preferred by a much larger number of people than Thelonius Monk is; does that make Swift 'better' than Monk?

The quality of something and validity of people's preferences doesn't depend on popularity.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#348

Post by Ntrails »

michaelmrose wrote: post #257
Ntrails wrote: post #171

Earlier quoted context omitted.

My view is to simply allow property taxes to be deferred until sale or death. Alternatives exist (eg taxable value set by what you paid not marked to market)

Income tax is inherently progressive and doesn't hit Grandma who lives on modest retirement and social security. Having one reducing reliance on property taxes

"We've got a bunch of people with massive wealth, so tax only the people earning new money" doesn't sound like it is going to equalise the state of the world.

I will also accept inheritance tax at 90%, if you really want to skip property taxes :)

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#349

Post by ddingus »

no_wizard wrote: post #133
conductr wrote: post #119

Earlier quoted context omitted.

> Old people in Texas get their property taxes frozen I believe at 65. True but if you're turning 65 after you're tax bill has grown 10% for over a decade as your transitioning to your fixed income years; it's not a good thing just to freeze the tax bill. You might not have time to earn and save enough to cover the value it gets frozen at. It does help soften the blow for many though. > But honestly it might be bette…

If you despise that thinking, then we need to regulate the housing market to discourage seeing housing as an investment as we see it today. Everyone expects, more or less, for real estate to climb in value but nobody wants to square that with these other emotional ideas attached to housing. It either is an asset or it’s a commodity as far as the market goes. If you want generational housing and for housing to be gene…

Not sure everyone expects values to rise or rise as much as they currently do.

Fact is, everyone needs that to happen right now.

If we change the latter, expectations related to the former will change too.

Re: A rent-stabilized 1 bedroom apartment for $1,100 In NYC? broker's fee is $15K

#350

Post by wolverine876 »

PH95VuimJjqBqy wrote: post #291
wolverine876 wrote: post #221

Earlier quoted context omitted.

> When I see people complaining about never being able to purchase a house my response is always the same. move. People generally care where they live more than they care about the things you describe. Location is the most important factor for most people in real estate purchases - so much so, that it's a cliche. You are free to have your own preferences, and I'm glad it has worked out well for you. But let's not be…

then they should stop complaining about the result of their choices. what I'm incredulous about is the constant complaints followed by an obvious solution but no action towards it.

That's not a solution for them, with their preferences and needs. You don't seem to grasp a fundamental issue: Your needs are not a universal truth; they are only yours (and whoever happens to share them). New Yorkers really have different preferences; they don't want what you want, any more than vice-versa.

And while they make the best choice they can, they can still have problems with it - what in the world works out otherwise? Jobs? Elections? Anything?

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