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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

#991

Post by chii »

archagon wrote: post #857
greggsy wrote: post #427

Earlier quoted context omitted.

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.

> I got the sense that things tend to wind down in the evening

this is true in sydney everywhere. May be except thursday nights, some shops open late.

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

#992

Post by tptacek »

dredmorbius wrote: post #986
harryh wrote: post #904

Earlier quoted context omitted.

This isn't true at all. The vast vast majority of homes in the US are owned by single family homeowners. And even if that wasn't true it wouldn't make much of a difference. Investment firms don't purchase homes to let them sit there, they purchase homes to rent them out. To whatever degree they're competing against single family homeowners they're just causing a small percentage of housing to shift from owner occupie…

Who's more instrumental in driving housing policy? Homeowners? Mortagage generators & holders (that is, creditors)? Developers? What of markets with significant concentration of property ownership? Or of commercial property owners, who can also skew zoning and construction / land-use patterns? What of interest groups which can create red-tape nightmares even through good intentions by various mandates: setbacks, offs…

That's easy: it's homeowners, who capture zoning boards, planning commissions, and city councils to oppose density.

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

#993

Post by shrimp_emoji »

archagon wrote: post #854
LooseMarmoset wrote: post #762

Earlier quoted context omitted.

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

https://youtu.be/6SQsv0JI1P8

The caravan thunders onward

Toward the distant dream of the city

The caravan carries me onward

On my way at last, on my way at last

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

#994

Post by filoleg »

Dylan16807 wrote: post #985
filoleg wrote: post #978

Earlier quoted context omitted.

> I'd think the average number of people there each day is much closer to the relevant number. Yes, and that "average number of people there each day" would include all the non-residents/tourists in the city. Which is a non-trivial number at all for NYC.

Yes, of course it would count them. But that number will be much much smaller. If the average visitor is there for a week, then a million yearly visitors only increase the daily population by 20k. You'd expect a crime increase equivalent to 20k residents or less. So if there really is an 11x increase in crime, along with a 10x increase in yearly population, that's actually a huge increase in crime on a per-person per…

> If the average visitor is there for a week, then a million yearly visitors only increase the daily population by 20k

Correct, but NYC had 66 million visitors in 2019[0], which is way more than 1mil you guesstimated.

Which, conversely, would increase the daily population by 20k*66=1.32mil. 1.32mil is a non-trivial increase in daily population at all.

0. https://www.osc.state.ny.us/reports/osdc/tourism-industry-ne...

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

#995

Post by randomsearch »

danjac wrote: post #54
afavour wrote: post #43

As a New Yorker myself I do wonder where this ends up. Me and my relatively well paid friends can afford to live here but we depend on a lot of lower paid folks for the city to function. Grocery store clerks, delivery drivers, coffee baristas, all that sort of thing. Maybe right now they have a half hour subway ride to work and that’s acceptable. But as they get pushed further and further out it’s going to break down…

Moreover artist communities flourish in urban spaces with cheap rent, like New York in the 1970s, Paris in the 1920s, Berlin in the 1990s and so on. Without that you just end up with Dubai or Monaco with shittier weather.

Indeed, be careful NYC.

It’s a place full of amazingly creative people but let the rents climb and you’ll end up like London.

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

#996

Post by davidf18 »

googlryas wrote: post #789
vjk800 wrote: post #736

Earlier quoted context omitted.

This is not a fix. It's exactly the sort of extra thing I don't want to deal with when I'm cycling. It really feels more careless to just ditch your bicycle on the side of the road and forget about it than lock it. I admit it's not a big thing, but as I tried to convey, small things like this add up.

At least in NYC, there are bike docks - you don't just leave them wherever. This was quite controversial because I think each bike dock(which supports about 20 bikes) takes up 1-2 street parking spaces, so drivers were up in arms that these bike docks would destroy street parking in NYC..

No post body was provided.

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

#997

Post by decafninja »

dcow wrote: post #947
GauntletWizard wrote: post #924

Earlier quoted context omitted.

London is #2 in your list, and barely any of it qualifies by your definition. You won't find 24 hour services in most parts of London. You will find a downtown with a 24 hour pharmacy and a couple 24 hour drive thrus in my small town outside Seattle (and no 24 hour drive thrus or delivery within city limits). You've got a very cosmopolitan view of what the world is. You should consider changing that.

Why do you sound so angry? You've totally missed my point and really sounds like you just want to argue for the hell of it zzz. It's fine if you don't understand what I'm saying but why the grief? I literally live in the middle of nowhere, incredibly cosmopolitan I know, and also have access to 24 hour gas stations and a few fast food joints. I have lived in an Alpha- city (see: https://en.wikipedia.org/wiki/Globaliz…

I was in London recently - December 2019 right before Covid hit. Stayed at the W Leicester Square hotel, and was disappointed to see how many restaurants were closed early.

On NYC, it has the best subway system in the US, but by global standards, it is filthy, disgusting, and unreliable. Any criticism leveled at the NYC subway is countered by Newyorkers saying "but we have 24/7 service while city XYZ does not!" However that same 24/7 service is arguably a big contributing factor for the NYC subway's many ills.

Seoul, and perhaps Tokyo and Hong Kong and other cities, arguably have an even more hardcore workaholic and party culture than NYC, but get along just fine with subways that don't run 24/7 so basic maintenance and cleaning can take place.

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

#998

Post by asdff »

bluGill wrote: post #812
asdff wrote: post #778

Earlier quoted context omitted.

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.

The miswest city I live on sees lots of unlocked bikes outside the gym. I wouldn't do that in some areas, but where I live it seems safe

Drive to your nearest midwestern state university. I bet the bikes are locked outside that gym.

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

#1000

Post by jononomo »

knowledge-clay wrote: post #976
jononomo wrote: post #967

Earlier quoted context omitted.

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.

A lot of people in New York get by with a lot less. $800k for a family of 5 is nearly six times the median income for that family size in NYC. If that's your idea of "getting by", your perspective is wildly distorted from the average New Yorker, much less the average American. https://www1.nyc.gov/site/hpd/services-and-information/area-...

I specified Manhattan
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