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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

#361

Post by SauciestGNU »

PH95VuimJjqBqy wrote: post #307
TylerE wrote: post #289

Earlier quoted context omitted.

> I think you should start visiting these areas before you say that. It is precisely because I spent the first 30 years of my life in such a place that I don't want to. Beleive it or not not everyone wants a giant lawn, white picket fence and 1.8 kids in the middle of incredible blandness, unworldliness, and closemindedness.

So your issue is emotional. I won't speak to your story but that's not been my experience and yes, this is a conservative area. I'm left leaning but have friends on both sides of the aisle and of varying religions. I did once get fired for admitting to being agnostic but I dismissed it as assholes, every area has assholes. By far most of the people I run with and encounter don't act like that.

Dude you lost your job because of closed-minded bigotry and you're still confused why people might prefer to avoid those locations? For lots of people the stakes aren't being fired, they're being murdered. If you're fired for being agnostic how safe do you think a transgender person is where you are?

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

#362

Post by no_wizard »

tmaly wrote: post #353
no_wizard wrote: post #308

Earlier quoted context omitted.

If your property tax is 23 million dollars then your overall income would in proportion be well over 100 million a year to afford it reasonably no? To even own a home like that in the first place, you’d have to have a property worth over 100 million dollars if tax calculators are correct. I think this is outside the realm of what most people run into affordability wise and frankly at that level of income I’m willing…

mil is mill rate = $1 per $1000 of assessed value.

TIL! Never heard of it referred that way before

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

#363

Post by Bajeezus »

wolverine876 wrote: post #347
stale2002 wrote: post #279

Earlier quoted context omitted.

> 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.

You're comparing a living superstar to someone who has been dead for over 40 years.

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

#364

Post by JBlue42 »

PH95VuimJjqBqy wrote: post #175

When I see people complaining about never being able to purchase a house my response is always the same. move. $1,100 is considered "well below market rates" for a 1 bedroom apartment in NYC? That's _nuts_ to me. I'm paying $1,600 for a 3 bed, 2 bath 1800 sq ft house with a 2 car garage. Vaulted ceilings, my neighbor is a police officer and I'm on a corner lot across from a park. fire department is literally 3 blocks…

I work at a 50,000 person company. The powers that be want everyone to be in the office at least 3 days a week. Those offices are in expensive major cities in the US. Some people 'make it work' by living an 1+ hr commute away from the offices. I'm sure this is rinse and repeat around the country for people that a) might like the work they're doing and b) have it dictated from above that they have to be close to a major metro area.

Congrats on whatever opportunities you've made work for you but many people are tied to where they are due to onerous management, community, family etc. We are not the highly mobile society of even two decades ago and the false promises of mobile technology haven't truly been fulfilled. We got close during COVID but business interests and human nature got in the way of fulfilling what people on this forum have been touting for a decade or more with remote work.

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

#365

Post by FireBeyond »

jrockway wrote: post #170
Tijdreiziger wrote: post #134

Earlier quoted context omitted.

If I pay a landlord rent every month, I make them money. I don’t need to take on any debt for that.

You will be happy to know that the big property management companies are willing to charge you an extra per-month fee to report your rent payment history to credit reporting agencies. To some extent, renting an apartment does take on some debt. You're basically being loaned the property in exchange for making interest payments.

> You will be happy to know that the big property management companies are willing to charge you an extra per-month fee to report your rent payment history to credit reporting agencies.

Which, to me, they should not be allowed to do. I'm yet to find a rental property that lets you pay rent in arrears, so there's absolutely no use of credit occurring.

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

#366

Post by BugsJustFindMe »

wolverine876 wrote: post #347
stale2002 wrote: post #279

Earlier quoted context omitted.

> 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.

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

For the average human music listener, yes that is what that means. Should we dive into the relationship between "preferred" and "better"?

The preference is not individually objective, but objectively the people have spoken.

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

#367

Post by lazide »

FireBeyond wrote: post #365
jrockway wrote: post #170

Earlier quoted context omitted.

You will be happy to know that the big property management companies are willing to charge you an extra per-month fee to report your rent payment history to credit reporting agencies. To some extent, renting an apartment does take on some debt. You're basically being loaned the property in exchange for making interest payments.

> You will be happy to know that the big property management companies are willing to charge you an extra per-month fee to report your rent payment history to credit reporting agencies. Which, to me, they should not be allowed to do. I'm yet to find a rental property that lets you pay rent in arrears, so there's absolutely no use of credit occurring.

Since it takes quite awhile to evict in most places if you stop paying (months to years), they've always got some degree of 'arrears' risk going on.

Not to mention you have the ability to literally burn down their property (even by accident) with no real way they can stop you, since you have the run of the place. At best they can try to lock you up afterwards, but if you do it right it would be nearly impossible to prove.

Having a tenant in possession is always a 'credit' risk.

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

#368

Post by michaelmrose »

Ntrails wrote: post #348
michaelmrose wrote: post #257

Earlier quoted context omitted.

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 :)

I'm perfectly open to a wealth not just inheritance tax too

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

#369

Post by [deleted] »

PH95VuimJjqBqy wrote: post #334
bradlys wrote: post #326

Earlier quoted context omitted.

This might be an exceptional town, not sure what kind of place you're talking about, but most places don't have public transit or much in the way of walkability in the USA. He's talking of not using a car and doesn't want to drive at all.

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…

[deleted]

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

#370

Post by forthwall »

homefree wrote: post #176
forthwall wrote: post #57

Earlier quoted context omitted.

Miami is walkable in some parts, I personally feel it’s as walkable as LA, walkable neighborhoods but big moats between them (not just the bridges)

Yeah, though I think Bay Area is similar - LA is huge and more equivalent to compare to Bay Area (SF + Oakland + Peninsula + San Jose), than just SF itself. Also more comparable populations that way too.

To be clear; what I mean LA as in LA city not the county. LA and Miami are similar in they have some neighborhoods that are walkable (the most popular parts), but the majority of them are not and they’re not very walkable between the two. Little Tokyo is walkable but then there’s a gap between there and downtown, then you have a huge Hollywood stretch then a huge gap around ktown if you go between them. Miami has the same issue, Brickell is walkable but as soon as you leave it has a bunch of impassable areas to go to downtown, same as if you were to leave wynwood. The worst part of Miami city’s unwalkability is once you leave those neighborhoods it pedestrian hostile like Shendahdoah or Little Havana.

SF and NYC do have neighborhoods like this, but those occupy very tiny portions of those cities comparably to Miami.

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