It’s the same in London. What makes me mad is when people say, don’t live in London if you can’t afford it. But a city needs more than bankers to survive. What about the people who sweep the streets, empty your bins, clean the offices, stack the store shelves, make your coffee. Where are they supposed to live. Is it right to make these people travel three hours in to work everyday.
It's not even just blue collar people. There are also people that sit somewhere between blue and white collar. You've got paramedics/nurses, train/bus operators, taxi drivers, firefighters/taxi drivers and managers of small businesses who have to live in the city. If these "luxury" apartments are sitting empty at $5k per month then the rents should go down to $4k and if they still don't bite then try $3-3.5K. There is definitely an element of greed playing a role in this situation. Oh, and no studio outside of a skyscraper should be going for more than $2000 a month. What a joke.
@@chenanigans Funnily enough some studies and even real world results are starting to show that AI is replacing white collar jobs more quickly than creative/hands on jobs. It'll be a while before AI robots are stocking grocery shelves, caring for old people and doing face to face labor outside of factory lines. Stuff involving programming/accounting and maybe even clerical/lawyer related things might be on the chopping block faster than we think and I find it hilarious.
@@PendulumCancelof course you're miserable enough to find that hilarious, but usually people in those fields (the smart ones at least) use those technologies to help them do their jobs more efficiently. Programmers and accountants who are actually good at their jobs see AI as a plus, not their competition. They're not stupid, they know how to adapt to change when they need to. So everyone who loves to hate on white collar workers for some odd reason will be disappointed, hate to tell you. People love to quote random "studies" that they really never read the details on just to support a claim they want to be true, so I'm not really impressed by that either.
And Hollywood keeps making those romantic comedy movies in which a young woman working in the fashion industry or as a reporter lives in a Brooklyn loft, parking can easily be found, and the gruff New Yorkers have a heart of gold. Love can be found at a cafe, or at a club. Then every lonely heart in the world will move heaven and earth to seek residence in such a Magical City. Not even Disney could come up with such BS.
I thought "Friends" was always such a stupid show. How could a bunch of middle class, struggling young people live in a spacious loft that at the time, was worth about $30 million dollars? Give me a break!
Name 3 movies made in the last five years set in the current five years that have this premise. You still thinking of stuff made in the 70's through early 2000s.
The channel kinda covered that, it was mainly due to rent in most apartments being fixed. Say you get an apartment for $800, it's stays like that as long as you lived there. But until you move out, it goes to market value. Probably getting it wrong but also note, at the time the show was made, NY was pretty affordable to live in.
In Houston, you can find a $500-$700 with a shared kitchen 4 rooms, you have your own room and toilet shower, just you must share the kitchen. (Not a bad thing if you tell your house mates that you will do everything in your power to not use the kitchen that way, no one has to talk to me about if I did this or did that. I'll just eat at work, and have sandwhich and cereal in my own mini fridge in my room after work, and eat out or order pizza during days off. For the sake of not using the kitchen.
And nobody is making you pay it. I live in a nice neighborhood in Queens for a fraction of the price. I was just watching the blue jay outside my window in my big backyard too.
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”-Thomas Jefferson
While you're quoting Jefferson, you (we all) might want to blow the dust off of our Declaration of Independence and do our DUTY (word was replaced by 'Right' somewhere along the line) within. I'd say we are past dealing with a Tyrannical Government. It is past time to get the watering can out, and soaking down the Liberty Tree, don't you think?
As a civil engineer who works in water infrastructure, I salute you for explaining the limits of 100+ year old sewers handling endless population influx
Oh good lord. I don't know but that must be incredibly frustrating. I honestly don't know how that even works, a lot of people make fun of Saudi Arabia because they don't have any proper sewage so they have to use septic tanks and actually take it away from the place through trucks. But it wouldn't surprise me if that happens here in these big old cities like these soon.
We need you in my city here upstate lol. I jokingly have said many times how things here seem to have been done by a man reading Cracker Jack box directions.
@@milliedragon4418I think people will leave, before they do any of that. Imo they’re trying to get people to leave, and it’s working. Then evil billionaires can buy up the land cheap, and make their stupid 15 minute cities in all of our best places. LA, NY, Portland, Seattle, SF, Chicago, etc. Or China might buy it all up instead, like they have been doing in the midwestern places to control our farm land. Idk. I wish it would stop.
@@AlKiar So canopies between buildings and block sun? Or canopies on top of buildings? I see that it said glass, but that’s obv really expensive, so I assumed mass scale would be different materials. Idk
@@AlKiar Wouldn't it make more sense to use bioswales and permeable surfaces, rather than more glass and steel to contain stormwater? I know that it's hard to implement something like that in NYC because so much of the subsurface is infrastructure (tunnels, sewers, basements), but perhaps we should consider solutions that aren't heavily reliant on highly engineered, fragile systems. I admit, I'm no civil engineer, but I have a passing interest in infrastructure, and I see what's often done in Europe, with more natural solutions, like canals and bioswales, that it seems to me we should be looking at those more seriously. If I'm totally off the mark, then I understand, but I feel like in America we too often look for manufactured or highly engineered solutions, when we should be looking for ways to let the landscape work for us, rather than work against us.
It shows a lot about our country when the "typical" homeless person includes veterans along drug addicts. You're not wrong. It's just an awful reflection of where we are as a country; and have been for a long time.
there is so many places with affordable rent and there are so many jobs open lol. people need to take note and think about their careers.... because nobody wants to learn trades and everybody wants student debt... they also vote in a way that brings them housing issues.
@MrSomeSkeptic I had the same thought. If there's one category of person that needs to be paid, it's the soldiers. But the fact it's a volunteer military that must promise benefits it can barely afford to supply in order to meet its needs is part of the problem. Could be a part of the problem. There are other ways to interpret the information.
funny enough most of them on coagulated to cities when there is a sparse and open field known as the entire midwest where housing could be built. Problem is, jobs. If we actually had all of our manufactory back you could stick them in the midwest and in turn build houses around them. But because we lack those jobs and the only fucking jobs you can find these days are customer service ones outside of trade which tend to revolve around high population areas, everyone is glued to small artificial islands
We still have my parents' house in NY they purchased for $22,000 in 1960. We have been renting it out for 29 years. Only raised the rent twice in all those years. People don't want to leave, they are good tenants and we never hear a peep out of them. Not every landlord is greedy!
Most landlords arent. They are just trying to get by. At least the mom and pop ones. The big corporations that have 1000 different units probably dont care. The tenants are just a number to them
same here, spent a year in Astoria, first day there i got burglarized LOL. someone stole from my apartment when we were moving in. the apartment got bedbug couple weeks in. NYC is dirty, expansive, and the worst were the people there
It's not much better here in San Francisco. $3600 is the average 1 bedroom apartment. $5000 is the average 2 bedroom. A 1000 sqrft starter house that's literally falling apart runs you 1.2 million. And the decent houses are all 2 million and up. The property taxes alone on that are more than a third of most people salaries. And it never goes down, it's just not going up very much right now. But averaged out over the past 10 years, house prices go up $50,000 per year. So the idea of saving enough to make the down payment is not back by the math.
@jimmartin181 No sorry.. I'm a born & raised Alaskan which is a red state & rent has been raising & getting worse. We also have a huge homeless population now. This is a American problem across the globe.
Another thing I am curious about is who is gonna work all the jobs like at JFK, Cargo, Railroading, FDNY, NYPD all these middle blue color jobs right? So your telling me ONLY Computer techs who sit on their ass at home all day and executives are able to afford it all? Guess what? That means this city is DOOMED.
I say, let the labor market sort itself out. If all the poor people leave, then there will be a labor shortage and wages will increase to the point that NYC is affordable again for blue collar workers.
I feel really sorry for the NYers, grinding just to pay rent is so terrible. I left Berlin 3 years ago and do not regret it at all, I bought a small house in Italy, don't pay rent anymore and am loving the simple country life.
@@isaiahlewis6627 thank you sweetheart! Italian country life is great, I have a garden and the ocean is close, the people are so lovely and I adore the simple life so much. Definitely come visit, I'm sure you would enjoy it here!♥︎
Don't forget a new toll fees for people driving through the city. Commuters have to deal with cameras that capture their license plate and then they get sent a bill. You can't live there and you can't commute.
@@vickieclark5931i believe it's not enforced yet.. Its still hung up in courts.. Once that goes into effect tho, these woke progressives will set more of the city ablaze with their terrible policies.
"The rich does no work and pays no taxes. The middle class does all the work, pays all the taxes. The poor are there to scare the middle class!"-George Carlin
@@allanbard6048 its mental sickness of the mind of greed. native Americans knew better they tried to teach us how to walk with god our creator not the bible no agenda no ism no race .but we said no it would be easier to give into ego and gluten welcome to our sickness. we shall feel the pain of the lack of group conscious every one will suffer even the rich. karma is real god is real but he doesn't live inside of a book he lives inside of our hearts
Yes thank you…I am glad I found the one commenter that understands the root of this problem. In the decades past we had a strong middle class which moderated everything now we are on polar opposites and these issues are rising from this fact. A big contributing factor I’ve been noticing is that most college degrees and high paying jobs are now going to women…if men were getting them they are likely to marry a woman who doesn’t have a high salary where as it’s opposite for a woman who won’t marry a male with a lower wage …this is causing a major imbalance.
The craziest thing is that here in Brooklyn, there is absolutely positively no shortage of newly constructed apartments. None whatsoever. In fact, if you live in central Brooklyn, East Flatbush, Crown Heights, Lefferts Gardens etc. Anywhere on Nostrand Avenue from Eastern parkway to Glenwood, there are literally dozens upon dozens of tall 6-7 story buildings being constructed or recently completed. You can see them by just looking to your left or right walking down Nostrand Avenue. And now there is a new apartment complex being built on Utica avenue near midwood Street by the gas station. There is absolutely no shortage of apartments in New York City. There is a shortage of affordable apartments. Mind boggling greed is what destroyed this city.
I'm from Memphis and lived on Nostrand and Eastern parkway for 10 years then moved to Utica and Union Street.. I love Brooklyn. ....prices are too high tho.
Also just stupid or uneducated residents, common sense tells you if you can’t afford to live somewhere you move somewhere else not opt to be homeless for the sake of telling yourself you have a “good job”. People have pride issues. There’s 52 states anyone could choose to live in but people would rather live in a shoebox in NYC. Education is failing society, adults should be able to discern things like this but instead are choosing debt, unsafe living environments, and crappy pay. Honestly the homelessness crisis in both NY and LA is a choice made by the people choosing to stay loyal to a city that has nothing to offer for them. Pick your battles wisely.
Agreed.... However where is the greed coming from. Those apartments aren't free to build nor are they free to run. The rent is based on many factors. If people are voting in the wrong people and the wrong policies that put all the burden on the people who build and run businesses and then of course everything is going to go up. It doesn't seem fair but neither is telling someone they must pay everything and then give what they have a way for nothing or next to nothing. The problem is being caused at the highest ranks I'm not saying there's not greed out there amongst the wealthy but it also comes from the little guy. People tried to warn that when you tax the wealthy the way that people want them taxed..... They cannot do for us what they used to do. When things get higher on them then they get higher on us because they are the ones who provide the jobs and everything else. There is a reason for breaks. Even with those tax breaks they tend to pay more taxes than everybody else. Come on it's simple math. Greed is at the bottom of but it comes from the extreme top and the extreme bottom. Those who want everything for themselves which are the elite. That 1% or the elite are actually very few. Then those at the very bottom who want everyone else's stuff for free. I'm not talking about poor people exactly. I'm poor and I don't want everyone else's stuff.
@@Dontrollingwhat about the people who work jobs that serve those rich communities? The fast food workers, cashiers, trash collectors, etc. Should they be pushed out of the city they work in and be forced to commute hours to work? Should they be paid $150,000+ a year to afford the local housing? Should they be homeless? If there was nothing but rich people in a community like you’re suggesting, services wouldn’t exist and therefore make the community unlivable
People aren't angry enough... When we aren't still hoping for better jobs and better pay and for everything to be cheaper and for our president to start throwing money at us.. when we stop asking questions and just go completely off on this shyt system by coming together.. then I bet you, something will change. What good is being aware of the problem but not doing a damn thing to solve it? Nothing will get better until we angry
He still has a left wing bias. Example is at 01:03 where he thinks everyone else thinks "progressivism" would mean affordable housing. Anyone who's studied capitalism would know that's not true.
I used to live in NYC. Its the 80s and 90s most other cities were lame. But now there are lots of great more affordable options around the country with great restaurants and culture. More people should vote with their feet and leave NYC.
A lot of New Yorkers try Houston. A lot do not stick, but many do. I’ve noticed many in finance manage to move here and keep most or all of their income. They either are monetizing their industry connections or working for the same company. Eventually, more and more of the finance companies will move south, much like in tech.
That is spoken very truthfully. You are right, back in those days the rest of the country and the small cities hadn't developed yet. I have lived in Orlando for almost 30 years and we have everything here that any major big city. The city has pretty much doubled or tripled in size. Yes we have nice restaurants, culture( ballet , symphony, broadway shows. Can you believe it?😃) When I moved here in the late 90s, the people in the big northern cities would make fun of us. Now it is us getting the last laugh. It is almost entertainment now watching the downfall of all these liberal run hell holes
So who do they think is going to run the stores, restaurants, utilities, hospitals, etc? There are no $100k/$200k cashier/barista/clerks jobs. To meet those numbers, you would need to pay people about $50 an hr and minimum wage isn’t even $20. The trickle down is going to be massive. We need everyone, at every job level -- we NEED them all.
The "servants" of NYC will be bussed in from 2 hours away in NJ. They will receive their own private lane as to not obstruct the "higher class" it serves. And they WILL like it!
I remember in 1992, my mom moved us from a rat infested apt in the Bronx to a twelfth story housing projects 10 minutes away. 32 years later, my mom still lives in those same projects still on section A housing in her golden years. I tried numerous times to get her to leave New York and move to where I’m at, my siblings offer the same as well, my moms response was “I’m comfortable here” that’s how New York can have people stuck.
But, someone apparently can or these places would be empty. Not trying to be rude. I just wonder who these folks are that can afford these places. I am certainly not one of them either. I just wonder where these people must work in order to afford these places.
@@mightyhendo9828 It matters because there are cheaper places. The idea that rent isn't affordable anywhere is false. I live in Georgia in a 2 bedroom duplex for $750 a month.
I had a friend many years ago, who was Chinese, and his grandmother lived in a small rent controlled apartment in Chinatown. The rent was like $200 at the time, when they were about $1000 on the open market. When she died, they kept it secret because if he reported it, he'd be forced to move out (he was like 30 at the time). He worked at night and on weekends performing repairs, painting the rooms, cleaning it thoroughly and disposing of the old stuff so that he and his girlfriend could move into it. I never asked how they got the body out. That was back in 1992. I don't even want to think about how much that apartment would go for today. $5000?
Wrong. Sure some people are in it for greed but most places raise the rent because the cost of insurance is going up, the taxes are shooting up like crazy, costs of repairs are going up, costs to evict bad tenants are going up and its a massive headache that can take years so they want to make sure they get good ones in and not trash. When the costs of goods go up and taxes, then the rents go up too. People cant rent a place for $800 a month when the costs of taxes and insurance and repairs is $1500 a month
yet to listen to tenant activists landlords have been greedy monsters since the beginning of time. There used to be a nonprofit coffee shop near me. Some idealistic types got some free space in the basement of a church and ran it on mostly volunteer labor offering basic coffee flavors, bakery 2nds and such on a pay-what-you-can model. They hoped that wealthier people would pay enough that they could afford to support those who couldn't pay anything. However, they went out of business because most of their customers paid nothing. Yet when they went under some people still called them greedy claiming they really went under because they weren't profiting enough. Well that was true, in the end what did the volunteers get, and with nobody paying they could not buy more food or materials. (I always paid when I went in there)
Damn! I live in Norway, the world's most expensive country to live in after Switzerland, and New Yorkers are paying more in rent than I am! That's insane!
Same thing here in Moscow. I’m living in a one bedroom (bachelor) apartment in center , 10 min walk from red square and I’m paying 60 000 roubles a month. That’s about 650$ a month… But I have a good relationship with the owner, so he hasn’t moved up rent price in many years. Should be around 75 000/80 000, but when you have good owners of the apartments, price will be lower than what’s in the market.
I live in nyc and I work in tech. When my lease is up, I'm gone. The city has gotten too expensive and there's nothing we get for it. 2500-3500 for a one bedroom that's just paying off the building, and I as a renter get nothing for it. And when I leave, my portion of the taxbase goes with me. The fact of the matter is that existing building owners need to take losses. They got loans for buildings and the true value of those buildings are less than the loan. Sucks. When I, and other middle class leave, nobody is coming behind us to rent these insanely expensive places.
Really?? No one is coming? Tons of people are constantly moving to NYC as they have been for decades… it’s the most popular city in all of USA. A global, cosmopolitan metropolis. No one will care that you’ve left. You’ll be replaced by some other tech yuppie who contributes nothing to society and is grossly overpaid. Come on
Migrants will. And the government is going to pay for them to come in your apartment and get legalized so they can vote Democrat. They all said they're voting for Biden, who had no problems screwing up this country.
What also sucks is this spills over into many areas outside the city. I live hours away from the city and everyone is moving here because it's "affordable." From 2020 - 2024 rent has tripled here. Before in a rural area you could easily rent for 500$ - 700$. Now for those same places it's 1200$ to 2000$. Jobs here don't keep up with that increase. I good paying job in 2020 was 16$ an hour. That same job is now paying 18$. This stuff has to change. I've never seen homeless here in rural area. Now folks are walking up and down the street and camps are popping up in woods and next to interstates.
Someone told me to keep an eye on New York City, that what happens there is what will soon happen in other cities across the country. Cash, you break down the politics in a way that's easy for me to understand. Keep going with your videos.
Kathy Hochul in 2021: "You're welcome with open arms and we'll work to keep you safe. We'll not only house you, but we'll protect you." Kathy Hochul in 2023: “We have to get the word out, that when you come to New York, you're not going to have more hotel rooms, we don't have capacity. So we have to also message properly that we're at a limit - if you're going to leave your country, go somewhere else.”
No, the rent prices skyrocketed after 9/11 because the Manhattan folks moved into Brooklyn. Then, the trust fund brigade moved in via gentrification and pushed everyone else out but back in the day around 1998-1999, you could buy a brownstone for $10k.
It’s simple supply and demand. It’s not just NY. The same thing is happening around the country. Nashville, Atlanta, Dallas, Tampa are all experiencing this. People that want their money to go farther are leaving the north and Cali, moving to the South where they can get more for their money. In turn it is driving up the prices of houses and rentals in the localities mentioned above. Now housing is very unaffordable for the median income in these places.
What’s still fascinating to me is that this doesn’t crash - people still live and move to those cities - people still pay the rents - it’s wild, same in other huge cities - can’t wait for this to collapse (hopefully)
I think this is ending honestly. $3600 for a studio means you have to make $150k to afford that, and most people making $150k aren’t willing to reduce their QOL that much. I think we’ve finally hit the threshold where people aren’t willing to sacrifice any more just to be in NY/LA/SF.
@@CookieCurls honestly i don’t see that coming yet - it will become a ghost town with many high luxury apartments which are all empty - if this level is reached the investors will either sell it, destroy it or become reasonable again - hopefully
But the crime in America is a US exclusive type. my job gets those from all over who ask "why is things locked" and genuinely mean it. then when i act cautious for those dumb enough to say "i'll try to steal x item" and i get called out my name which happens too often! I like it when non americans are in they know how to act, and i don't gotta watch them i know who i must and it's *ALWAYS THEM!* of which saying "i watch black people more" of course ain't go well to i get called racist to having to jump head first into danger to stop theft isn't in my job description should be tasked to someone else!
People also need to know when to move, so many people remain stagnant even when their cost of living exceeds their income and it’s ridiculous. Go to a cheaper state. Going homeless because you have too much pride for your city is honestly embarrassing and I don’t feel bad for people who put themselves in that position and beg for sympathy. People need to make smarter decisions with their time and money. So many people complain about how they have to work 60-80 hours just to live there when could move somewhere else and get better incentives with less hours. At some point it comes down to common sense. Also people don’t realize that the more people that come into the city is the reason for an increase in price. The more people that leave, the lower the prices will get. This is basic supply and demand. This is why it’s important to be educated and learn economics and accounting.
@@Dontrolling It's not just in big cities. You can move to a smaller place and make a smaller paycheck but homes are expensive everywhere you go. I live in a big town and rents are still ridiculous. It doesn't reflect average earnings at all.
Ikr. It's like wtf is going on and why does it seem like most people will fight everyone except the leaders, corporations, oligarchs, and monarchs? I don't get it.
@@enigma4649You are both right. It’s extremely expensive all over the world. 22 years ago I had a custom built small house that I mortgaged for $116 000. Today it would go for over 400k but then I couldn’t get anything else.
The concerning trend of some New York residents intentionally choosing homelessness brings to light multifaceted issues. While financial struggles and affordable housing shortages contribute, there's also a growing mental health crisis. Addressing this complex problem requires a comprehensive approach that involves social services, mental health support, and community outreach. Individuals navigating these challenges may benefit from professional guidance, not necessarily from the outset, but as part of a broader strategy to rebuild their lives.
Indeed, the intentional choice of homelessness underscores systemic problems. It's crucial to tackle the root causes, such as job insecurity and mental health issues, to create sustainable solutions. As the situation evolves, seeking advice from social workers or counselors becomes pivotal. These professionals can offer support tailored to the unique circumstances of those experiencing homelessness in New York.
I completely agree. Having worked with individuals facing similar challenges, I've witnessed the transformative impact of connecting them with advisors specializing in social services. These advisors help navigate available resources, housing assistance programs, and mental health services. It's not just about finding shelter but creating a path towards stability.
Your experience resonates with the complexities of this issue. Could you share more about the role of an advisors in aiding individuals intentionally choosing homelessness and how they approach these situations?
Certainly. An advisors play a crucial role in assessing the unique needs of individuals, connecting them with appropriate resources, and devising personalized plans for long-term stability. They collaborate with mental health professionals, employment services, and housing agencies to address the underlying issues contributing to the choice of homelessness. It's about rebuilding lives step by step.
@@dr.strangelove5708 I wouldn't say I have money. Working on a salaried job is still makes me a laborer. With the insane taxes and cost of living in NY, it's hard to save money and build equity in a home. The people i know who likes NY, only likes it because their friends are in NY. Luckily i don't have that problem.
@@boom2055i see people who are like that to indianapolis since im not far from there my brother is like that he doesnt want to leave no matter how much of a shithole it is my dad is the same with the city he lives in its wild the loyalty to shitholes people seem to have just because of people as if you cant drive there and still live a reasonable 30 mins away
The uk and US public have the same housing issues. Joke prices and rents people have little choice to pay whilst banks, building companies and landlords always guarantee themselves huge profits.
The mentality in Housing seems to have become " If You Can't Afford it ? I Have Someone Who Can " . Because this Unaffordability Crisis is everywhere in America not just New York .
It's not even anymore about having someone who is wealthy enough to afford living there. Housing has become an asset like a stock, investors buy it without the intention to live there, but to rent it short to mid term and to sell it to the next investor because housing prices constantly climb
I'm a doorman in Chelsea. 10 blocks from Hudson yards . The 2 bedrooms go for $8000 - $10,000 a month. The 3 bedroom is $12,000 . We haven't had studios available at my job since summer and those go for about $4000 a month
insane i know some buildings have agreements with unions, so the porters and handymans can live in the buildings they work for 50 percent off rent and utilities. But even then if your making 28 a hour, even a studio/one bed room at 2100 a month is alot.
It's not just NY. From 2021 to 2023 my rent went up 62% and I am in Salt Lake City. And we are building like crazy to meet the housing market. But one third of all of the buildings are not full because they cost too much. 🤦♀️
Printing out new money devalued the purchasing power of the dollar, and handing out low interest covid loans that were misused to buy property had a large part in the nationwide price spike.
If that’s true, it’s self correcting. Only commercial property will not correct (because of how we have messed up our banks). Residential always corrects because so many homes are owned by different people. It corrects slowly though because of affordable housing programs going back a century. I blame Woodrow Wilson.
Lucky, i do and it's horrible. i'm kinda in the area's used a b-roll to see loads of sky high buildings prob mostly hotels but i can't even tell! then my job is a mess with too many thieves from mainly homeless then worst those who just think it's cool to steal. And i was hit from someone who legit gave me a reason to suspect him of stealing, and no one fears the NYPD to calling 911 i got ghosted when a crazy guy caused a scene and disrupted business my co-worker was virtually no back up i could have died! as i have had knifed drawn on me too!
I had to move out of NYC- got a pretty high paying job straight out of college and was still giving about 50% of my paycheck straight to rent, wasn't sustainable- found an even better paying job in Philly and have been here ever since, love it
If you had a high paying job, you could have lived in a cheaper place like East River Housing Coop. You most likely have expensive taste and still lived above your fortunate means.
I moved to NY for a great job, and was so exited to live in Manhattan. It was….not what I expected. I quit my job after about 9 months and moved back to the DC area. I have no idea why anyone would want to live there full-time. It’s a busted piss-pot.
Prices are crazy everywhere, small towns in NC, its hard to find anything under $1500/m for a family when it used to be sub $1000. Banks loaning money that doesn't exist and getting off the gold standard was the start of the destruction. They take your money, loan out 25% more than they even have, and charge YOU interest. Plus now Wallstreet is investing in housing and renting it out or leasing. There are corporations that have hundreds of billion dollars in Real Estate and scalping everyone. We all remember how Monopoly ends, we all get screwed!
I knew it was getting crazy when I saw my hometown in North Carolina being brought up on one of those 10 places to move to lists. And My eyes could have rolled out of my head. Nobody ever used to want to live in my little podunk town and now you go and look at the home prices and they're all about 4 to 500k. It's madness.
In the 1960s a residential home builder in my area built hundreds of modest, affordable new houses for the families of working class/middle class people. I grew up in one. Today, that man's grandson is also a home builder. However, he's not exactly carrying on grandpa's tradition. Instead, he builds only homes that start at $3.5 million located inside exclusive gated communities with private security etc. Today's working/middle class in this area struggle just to rent apartments. Yep, there's a whole different focus in this country today. I dont think these changes happen by accident.
Unfettered capitalism. Is America the best country in the world? Not by a long shot... Any Scandinavian country ranks higher. Canada generally ranks higher. If you want to be better, simply reign in the policies of "greed is good".
@@CastorRabbit We don't have capitalism in America anymore. We suffer from overregulation of housing. It costs tens of thousands of dollars just to get permission to build, and with permit fees so high and restrictions so onerous, builders naturally focus on upscale housing to maximize profits.
Finding jobs that pay enough to be able to afford a place to stay but also with prices of everything is going up its insane. Sometimes I want to give up because it feels hopeless. It's no such thing as a middle class anymore.
They will keep flooding the first world nations with migrants, what happens is this will drive up the cost of everything and they will be paid for through tax money. It is a way for them to take the wealth from the working population and create a population dependant on government. Communism is taking over, and everyone will be poor because they are going to give it all away to migrants.
I've already given up...I'd rather waste away then bust my ass at some job that doesn't pay enough just to make some rich pos richer and getting absolutely nowhere for myself no matter how hard I work...it's really such a joke I don't understand why the only protests or riots I see are about idiotic nonsense and not about the abysmal quality of living.
This is why society needs more planning. I don't want the government to micromanage things, but these types of problems continue to happen when everyone is living for themselves and we have to hope that everything will just work out.
This is happening in Philly. They are building these giant apartment buildings with outrageous rents. They are also buying up row homes at $200k or less, renovating them, dividing them in to 3 rentals at $2K each per month or more. Not only are they driving out family homes, but they are potentially bringing in a lot more cars that the city cannot already manage due to lack of parking. We won’t even talk about the tax increases to homeowners to the point that when they get too old and can no longer afford the taxes they are forced to sell - to go where….? Something needs to give or there will be a lot more people living on the sidewalks.
It’s happening in my small midwestern town as well. It’s by design but it’s weird to see it happening in real time. Just the last few years have held massive changes. The future is bleak unless we can take our country back from the criminals. 😣
A lot of New Yorkers moved to New Jersey running the rents and home prices sky high. I have a relative in the central part of the state and all the open fields are gone and are now condo farms. Property taxes sky rocketed.
Central Jerseyan here. Studios in this area only go for a minimum of 1500. 4 years ago they were less than 1000. I work 2 jobs and I still can’t get off my feet here.
@@grandcanyon2 With that savings getting chewed up with commuting costs if you work in New York City. I lived in New Jersey when the first wave of New Yorkers started moving into the state decades ago. Rents started rising then. The spread between New York rents and New Jersey rents started to shrink.
@@AK255. If the rent prices in NYC aren’t ridiculous why do people complain, want “affordables” built, want the government to use taxpayer dollars to subsidize the rent. Why can’t they just leave?
@@katydid2877 gov policies sometime backfires and drive up prices even more which takes decades. Also this is more related to population density problem where demand out pace the supply. The reality is not everyone is entitle to live in city centers. CA is known for high wage, zoning laws, and bunch of permits that drives up prices and compound that for 20 years then you get a real issue.
@@katydid2877”why can’t they just leave?” - not everyone is as lucky as you are. Some people have job and family obligations. There are so many reasons that prevent one from moving.
Construction should be a form of free speech protected under the first amendment. If you own the land, you can build it, you shouldn't have to ask permission.
The easiest way to fix this issue is to make owners of rental apartments pay additional taxes each month an apartment is vacant. That way it no longer is profitable to let apartments be empty until someone dumb enough comes by to pay insane rents. As a result empty apartment cost more money then filled apartments can make up for and rent needs to be lowered to get them filled by people that can afford the lower rent.
@@Itsallover57There are ways to legally make that difficult to use as a loophole as rezoning requires the approval of the city. You can force high fees for rezoning, you can force active use of the new zone and you can prevent it from being rezoned to an apartment again. The reason for having it as an expensive apartment is because it is cheap to let it be empty and profitable when rented. With such new rules that no longer is possible. Also - the city would earn a bundle of it since empty apartment would mean increase profit for the city.
I’m in real estate and just consulted a Japanese expat via zoom, told him to expect to pay at least $4000 per month for a studio apartment at doorman building in NYC
@@brookeceron8091 Yes because what Trump did isn't investment. It's breaking the law. And ofcourse when the government can get 500 million in fines, they're going to target them not someone who steals 50 dollars! It's call catching the BIG FISH!
I find it weird that according to the Census bureau, NYC lost so many people between 2020 and 2023 and is one of the fastest shrinking cities in the country…. Yet the housing crisis somehow got worse than before the pandemic? How is that possible though?
1. A huge transfer of wealth to the rich and the rich will put that money in the stock market, off shore or housing. 2. Greed of landlords and developers
6,000 a month to get an apartment. . I pay under $1,000 a month for mortgage for a whole 3 bedroom house. Why anyone would want to live in New York and pay those high prices
A million reasons to live in NYC. You have a mortgage. Many people can’t get that. You also didn’t mention your age. Old boomers don’t have to deal with the economic realities of millennials and gen z. Your homes cost 200k. The same house now is 500k. You didn’t mention where you live. Sure, you can get a cheap place is Lametown, USA. Why would you? People who want to live in NYC want the world at their fingertips. Your town probably has 1 Walmart and a McDonald’s. That’s not everyone’s dream.
@@maverickbull1909 I am 27 year old . I got a mortgage on my house when I was 25 . By the time I am 45 my mortgage will be paid off and I will owe my home .
@@U.S.A.. and do you think that is typical of literally anyone? You’re 27 with the ability to buy a house 2 years ago at the top of the market when homes have never been more overvalued? And yet you’re looking down on the rest of the population? Get lost
It's a similar situation in London (albeit with more decades of intentional centralisation of all investment and government spending on one city to the detriment of the rest of the country) - it's why when the pandemic hit and people started working from home, many under 40 started moving out to places in the Midlands and South West, and are fighting demands to return to London (when their jobs can be done remotely) as even with the loss of "London Weighting" (a £4,000 bonus for working there) the cost of living is so much lower elsewhere they net gain from avoiding the city.
My father (he is Russian) bought a lot of properties in London during in the end of 90s and during 00s. And now I don't need to work hard a single day of my life. Thank you, London.
Guys, almost every freaking city in the world has a housing crisis these days. For example, In Russia, even if the city is flooded with new housing, the prices for all property are absolutely unreasonable and unaffordable.
Same thing is happening in Mexico City. The price of everything is going up, rents are skyrocketing and dozens of new luxury apartments being built, but barely anyone can afford them.
The answer is to reject the current Political system and put in place a system which has the populations best interests at heart, instead of creating wars, protecting the rich and corporatians.
Lookup gentrification..."noun The restoration and upgrading of deteriorated urban property by middle-class or affluent people, often resulting in displacement of lower-income people."
Relocation is risky business. Here is just a bit of my own first hand experience... I moved out of NYC as a single mom of two with the help of a friend who's assist made it possible. Without her I could never have made that move. I had no family I wished to stay close with so for me the choice to leave was not a difficult one. I moved to PA, but ran into many social issues which forced me to move to different counties several times, at one point having no other choice but to pull my children out of school and homeschool them. Each time I was hoping to find a place where my children and I could live in peace, the last place in PA being the most painful and problematic of all. I have since moved to the Midwest (with the goal to get west, and if possible, get OUT altogether). Came here for the lower rents being advertised, but once I arrived my ethnicity got in their way and I was railroaded into a residence costing twice the amount of the units advertised, (and more than I was paying at my last home in PA), it was that or continue living out of my car. When I arrived I had (cash in hand) 1st month & last months rent plus security deposit. They wouldn't accept it because I needed 2 months proof of LOCAL employment. "Local" was not mentioned when I spoke with them before travelling there. Now my car is breaking down, my utilities are on payment arrangements, and how much I have saved so far is a whopping $0 at the time of this posting. Also, once you're lucky enough to even get hired, which will be in the fast food industry, you are at the mercy of bosses with major character defects because the chance of getting a job elsewhere are slim to none. So, from leaving NYC, to reaching the Midwest has taken me 30 years. Will I ever make it out of this country is still yet to be seen. My hope is to reach the west in the next 5. The point of all this is that at every step I HAD HELP from "leaf" people I knew personally. That is the moral of this story. None of it came without great (and I mean GREAT) pain, GREAT loss, and nonconsensual sacrifice. As a Latina woman that carries herself well, has respect for self & respect for others, travel in the usa is unsafe, unless you're white (race, not skin). I have had wonderful white persons (usually friends of friends) suggest, and recommend, places where they had wonderful FIRST HAND experiences. But I can tell you that that was NOT what we experienced from the moment we arrived at those places. I appreciate their efforts to help, but white folks need to realize that what is true for them here in the u.s., is not true for all. “But I have promises to keep, and miles to go before I sleep. And miles to go before I sleep.” - Robert Frost (From the poem "Stopping by Woods on a Snowy Evening")
To be fair, teachers (my Dad was one) have never made even marginally reasonable salaries until fairly recently. And private school salaries--which one might think would be better than public schools--actually aren't. My Dad always stuck to public school work because he needed to support his family and private school jobs didn't pay enough.
I used to pay $950 a month a few years ago now my rent is $1525 while the average mortgage around here is 8-900, and lenders tell me I can’t afford a house.
@@arizenation3188 I’m 31 🥺 and had a full time career in the same industry for 16 years. It sucks! Hopefully gonna try again in a year or so. So tired of paying someone else’s mortgage. Rather be house broke than rent broke. Least it’s mine. Ish.
@@crimeshaveconsequences4268 also granted I’m speaking of renting different properties with that price difference but I’m not married no kids and live alone, super hard to find a decent spaced joint even here in weak ass NE Ohio, as a man who has worked hard and never made life altering mistakes, I believe I deserve better in my heart. I earned it but it’s hard out here for your average jamoke.
I was born in NY. Lived there until I was 18. Living in NY is not a choice for so many people there (for those suggesting to just move). When you’re getting bled dry of every penny you have, it’s a trap. You’re just trapped, it’s hard to put together even 1000 dollars for just a portion of your rent, imagine trying to put together thousands of dollars to move to another place or state. It’s very very costly without help of family and friends. It’s just not as simple as “MoVe OuT tHeN” or “iT’s A cHoIcE”. Please make use of more brain cells, it’s never as simple as just leave, for the love of God. I’m just saying, I don’t wanna debate. Every point can have a certain amount of validity. I.e I’m not reading comments.
There is no bottom, as long as the rich can continue to hoard resources they will be able to convince people to do their bidding. Like the other guy said, time was when servants would live in bunks in their master's house.
Building owners and landlords know what is coming. Soon the New York immigrant population will receive their government rental allotment and will be guaranteed, direct government payment for their rent…at higher than median rates decided by the government.
Our British government have forced landlords to hand over 16000 homes to give to illegal immigration through forced compulsory purchase! They are also hounding old people to hand over the houses the same way, they've also raised woman's retirement age 6 or 7 years and I roughly same for man .
I don’t understand what the appeal to living in a megacity like NY is. I mean just look it, it’s dirty, it’s overcrowded, there’s crime and homelessness everywhere, and the cost of living is beyond insane. There’s nothing about NYC or any major city that makes me go “yeah, I wanna live there”.
We don't need any more buildings!! Manhattan is literally sinking under the weight of new developments and new buildings!!! We need a law that slows the building and forces them to put affordable housing in the buildings we already have. It was said at one point that b/c of Airbnb and housing prices, 1/3 of the apartments in Manhattan are VACANT. We don't have a housing crisis. We have a "we will rent, but not to you" crisis :/
Its the same down here in Alabama. Rent is made unattainable for more and more people. 10 thousand vacant homes in the Birmingham metro alone. Its unsustainable.
I lived in NYC from the late 80's to early 2000's -- there was never enough affordable housing even with these tax breaks --- that's why I left for the midwest. Developers build to capitalize on the upmarket -- which is fine -- but someone else (regular working people) subsidize the tax burden. No tax incentives -- for anybody -- flat tax -- level playing field for everybody.. Let the market do its thing.
"level playing field for everybody" That would never be the case in NYC. The whole reason developers have coalesced into behemoth companies is to take advantage of economies of scale and scope and minimize risk from projects. Smaller actors are more expensive and are just one accident or market blip from bankruptcy.
NYC is a scam in itself beating the odds is a gamble sadly if rent don’t get you tickets get you if you drive or credit card debt makes me sick and needs to come to an end
To get an apartment in a bad neighborhood in the Bronx I have to earn a high amount. I have applied for several apartments and they keep rejecting me because I didn't earn enough. And that, I have two jobs.
The affordable housing component of 421a was non-binding! Some luxury buildings in Williamsburg got tax breaks on a promise of putting in affordable units and literally inserted 1. The city needs to stop giving out freebies to rich developers and make affordable housing compulsory for new construction. Also they need to stop letting the insanely weathly park their $$ in vacant apts. These folks don't pay taxes, don't care about the community, create ghost towns and inflate the luxury market to appear more in demand-- spurning on more construction of luxury developments. I literally have 10 luxury towers being built on my block!! 6 more are in the pipeline. Less than 1/8th of these new units are affordable. Its nuts.
@@robertm3951 agree, there is war all over inflation is going trough the roof, migration and poverty are growing, and incompetent leaders force their weird new ideas into the wallets of citizen that can't afford it. The great reset is in full effect.
Former Manhattanite and Brooklyn Boy here. This is a video about Manhattan, not any of the other 4 burroughs where all but 1.6 million of the 8 million plus people live. And it's really about the most expensive neighborhood. You don't need 6 figures to live comfortably in Manhattan. Did it for years in Washington Heights.
I've never wanted to own a camper van or a houseboat so bad in my life. Giving up half your earnings to line real estate investor pockets is getting old real quick.
More people are going that route and it's eventually becoming a norm. I'm in CA and I'm seeing an increase in properties with campers hooked up to the house.
The Wall Street Journal did a nice story over the weekend about all the scaffolding in NYC -- it's been called the state tree. It would be fun to see your take on it.
My son graduated from Stevens in Hoboken. He had job offers in metro NYC, but they were no more than he received in Columbus, OH. He would need roommates and live in Jersey City to afford it. In Columbus he has a downtown apartment near the Arena District and a garage to park his new car. It's cheaper to visit his college friends than live near them.
Look at ads for "affordable" housing....an income ceiling of just over $225,000 for a family of four with a rent of just under $3000! In whose universe does a family making a quarter of a million dollars need or qualify for subsidized housing?? Shame on the city and shame on the millionaires who take advantage of this. SHAMEFUL.
In the 70's there was a movie titled "The Mayor" and the plot was the city (New York) was deciding this very question of public transportation vs private vehicles. The movie was a prophetic look into the future back then. And as usual it came true.
NOT JUST NYC.....it's the friggin' country!! My rent is 55% of my fixed social security retirement as a senior.... not enough senior housing for the retiring Baby Boomers either AND let's not forget our Veterans who served the nation.....some with their lives!!!
LOVE your topics, they are pertinent, valuable information. Real issues that happen everywhere, not just in New York. Really refreshing to hear causes and effects in a simple and straight forward manner.
To me, it's market force that set the price. No one force you live in there, it's not concentration camp for sure. "unless the state acts to get affordable houses built… fast." where is money come from? tax payer for sure. You want the government "robbing Paul to pay Peter?" If so please move to Cuba or Venezuela.
As a semi driver 80% of deliveries are made to Jersey and small trucked in weight restrictions on streets and bridges in new York stop us coming in but would not want to anyway 😊
Doubtful enough drivers will join in, most truck drivers work for a company and can't refuse loads or they get fired, only owner-operators can refuse loads, most of them drive semis, and you don't see those in New York. All deliveries are made by box trucks, probably owned by people who can't afford to refuse a load, or don't want to because they are fine with whats going on.
Brooklyn is the same way now and I live there all my life but my family and I had to move to Jersey just to get a home. You can’t afford anything in BK. They are knocking down homes just to build ugly eyesores of an apartment buildings and expect you to pay $3000 plus just to be in a tin can size space…it’s sad…the problem is when you continue to have people willing to pay these outrageous rents, it makes it harder for anyone under the median salary to get into these apartments. There needs to be more regulation to stop all this unnecessary high rents and building so people who were born here can afford to live…it’s just sad that greedy always wins and the common man has to suffer.
@@keithrobinson2980 Recreational and employment opportunities like modeling, acting, high tech, finance and more. Nightclubs, theaters, art galleries, cafes and museums galore. I know I was a native New Yorker but I hate crowds and doing just normal day to day things there.
It’s the same in London. What makes me mad is when people say, don’t live in London if you can’t afford it. But a city needs more than bankers to survive. What about the people who sweep the streets, empty your bins, clean the offices, stack the store shelves, make your coffee. Where are they supposed to live. Is it right to make these people travel three hours in to work everyday.
Very good point, but eventually they'll probably have robots doing all of that and us peons will be relegated to our respective districts.
It's not even just blue collar people. There are also people that sit somewhere between blue and white collar. You've got paramedics/nurses, train/bus operators, taxi drivers, firefighters/taxi drivers and managers of small businesses who have to live in the city. If these "luxury" apartments are sitting empty at $5k per month then the rents should go down to $4k and if they still don't bite then try $3-3.5K. There is definitely an element of greed playing a role in this situation.
Oh, and no studio outside of a skyscraper should be going for more than $2000 a month. What a joke.
@@chenanigans Funnily enough some studies and even real world results are starting to show that AI is replacing white collar jobs more quickly than creative/hands on jobs. It'll be a while before AI robots are stocking grocery shelves, caring for old people and doing face to face labor outside of factory lines. Stuff involving programming/accounting and maybe even clerical/lawyer related things might be on the chopping block faster than we think and I find it hilarious.
After they dump the bin , they’re expected to go live in a bin
@@PendulumCancelof course you're miserable enough to find that hilarious, but usually people in those fields (the smart ones at least) use those technologies to help them do their jobs more efficiently. Programmers and accountants who are actually good at their jobs see AI as a plus, not their competition. They're not stupid, they know how to adapt to change when they need to. So everyone who loves to hate on white collar workers for some odd reason will be disappointed, hate to tell you.
People love to quote random "studies" that they really never read the details on just to support a claim they want to be true, so I'm not really impressed by that either.
And Hollywood keeps making those romantic comedy movies in which a young woman working in the fashion industry or as a reporter lives in a Brooklyn loft, parking can easily be found, and the gruff New Yorkers have a heart of gold. Love can be found at a cafe, or at a club. Then every lonely heart in the world will move heaven and earth to seek residence in such a Magical City. Not even Disney could come up with such BS.
You nailed it bro 😂😂😂😂
I thought "Friends" was always such a stupid show. How could a bunch of middle class, struggling young people live in a spacious loft that at the time, was worth about $30 million dollars? Give me a break!
Name 3 movies made in the last five years set in the current five years that have this premise. You still thinking of stuff made in the 70's through early 2000s.
The channel kinda covered that, it was mainly due to rent in most apartments being fixed. Say you get an apartment for $800, it's stays like that as long as you lived there. But until you move out, it goes to market value. Probably getting it wrong but also note, at the time the show was made, NY was pretty affordable to live in.
😂😂😂😂 true true
$3600 for a studio is wild.
It's outrageous for even a one bedroom. I find it reasonable for only two bedrooms to have that price range (if it's a fairly clean and not too old).
The glories of a nation 34 trillion in debt. High rent is only the beginning.
@@jellyrollyI live in a 2 bedroom that’s 1400
In Houston, you can find a $500-$700 with a shared kitchen 4 rooms, you have your own room and toilet shower, just you must share the kitchen. (Not a bad thing if you tell your house mates that you will do everything in your power to not use the kitchen that way, no one has to talk to me about if I did this or did that. I'll just eat at work, and have sandwhich and cereal in my own mini fridge in my room after work, and eat out or order pizza during days off. For the sake of not using the kitchen.
And nobody is making you pay it. I live in a nice neighborhood in Queens for a fraction of the price. I was just watching the blue jay outside my window in my big backyard too.
when housing turned from a commodity into a corporate investment, the world became much worse.
That's right...people who have no oil have to work n make things up 😅
Natives are getting billions in next year...we were left behind n now protected by law
yep saw it happening in San Diego from '03... now PIttsburgh just these past 3 years... not so much in ChiRaq... yet.
problem is, most of the world doesn't allow such nonsense. Its mostly the US, that is completely owned and pillaged by corporations.
not world, but west
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”-Thomas Jefferson
That's the plan. But the government will build them housing and be just like Russia and China.
Wow🤔 it’s quite scary when you notice how far we have strayed from what forefathers intended this nation to be.
While you're quoting Jefferson, you (we all) might want to blow the dust off of our Declaration of Independence and do our DUTY (word was replaced by 'Right' somewhere along the line) within. I'd say we are past dealing with a Tyrannical Government. It is past time to get the watering can out, and soaking down the Liberty Tree, don't you think?
Private banks have not issued money in a very long time. It was not a good situation, so a central bank took over the job.
@@floxy20 Central banking sucks and benefits the wealthy at the expense of everyone else.
As a civil engineer who works in water infrastructure, I salute you for explaining the limits of 100+ year old sewers handling endless population influx
Oh good lord. I don't know but that must be incredibly frustrating. I honestly don't know how that even works, a lot of people make fun of Saudi Arabia because they don't have any proper sewage so they have to use septic tanks and actually take it away from the place through trucks. But it wouldn't surprise me if that happens here in these big old cities like these soon.
We need you in my city here upstate lol. I jokingly have said many times how things here seem to have been done by a man reading Cracker Jack box directions.
@@milliedragon4418I think people will leave, before they do any of that. Imo they’re trying to get people to leave, and it’s working. Then evil billionaires can buy up the land cheap, and make their stupid 15 minute cities in all of our best places. LA, NY, Portland, Seattle, SF, Chicago, etc. Or China might buy it all up instead, like they have been doing in the midwestern places to control our farm land. Idk. I wish it would stop.
@@AlKiar So canopies between buildings and block sun? Or canopies on top of buildings? I see that it said glass, but that’s obv really expensive, so I assumed mass scale would be different materials. Idk
@@AlKiar Wouldn't it make more sense to use bioswales and permeable surfaces, rather than more glass and steel to contain stormwater? I know that it's hard to implement something like that in NYC because so much of the subsurface is infrastructure (tunnels, sewers, basements), but perhaps we should consider solutions that aren't heavily reliant on highly engineered, fragile systems.
I admit, I'm no civil engineer, but I have a passing interest in infrastructure, and I see what's often done in Europe, with more natural solutions, like canals and bioswales, that it seems to me we should be looking at those more seriously.
If I'm totally off the mark, then I understand, but I feel like in America we too often look for manufactured or highly engineered solutions, when we should be looking for ways to let the landscape work for us, rather than work against us.
Many people are homeless across the country and it's not just veterans or drug addicts but people who never imagined they would end up that way!
It shows a lot about our country when the "typical" homeless person includes veterans along drug addicts. You're not wrong. It's just an awful reflection of where we are as a country; and have been for a long time.
there is so many places with affordable rent and there are so many jobs open lol. people need to take note and think about their careers.... because nobody wants to learn trades and everybody wants student debt... they also vote in a way that brings them housing issues.
@MrSomeSkeptic I had the same thought. If there's one category of person that needs to be paid, it's the soldiers. But the fact it's a volunteer military that must promise benefits it can barely afford to supply in order to meet its needs is part of the problem.
Could be a part of the problem. There are other ways to interpret the information.
funny enough most of them on coagulated to cities when there is a sparse and open field known as the entire midwest where housing could be built. Problem is, jobs. If we actually had all of our manufactory back you could stick them in the midwest and in turn build houses around them. But because we lack those jobs and the only fucking jobs you can find these days are customer service ones outside of trade which tend to revolve around high population areas, everyone is glued to small artificial islands
Many homeless people end up BECOMING drug addicts and alcoholics, and it's not hard to understand why.
We still have my parents' house in NY they purchased for $22,000 in 1960. We have been renting it out for 29 years. Only raised the rent twice in all those years. People don't want to leave, they are good tenants and we never hear a peep out of them. Not every landlord is greedy!
Where in New York?
Oy vey....
@@tefbossteflondon5747 Long Island
That's great God Bless you
Most landlords arent. They are just trying to get by. At least the mom and pop ones. The big corporations that have 1000 different units probably dont care. The tenants are just a number to them
I left and will never go back
Me too. Grew up in the Bronx and that’s no longer affordable
There’s so many other beautiful places to live in NY state that is affordable
Where were you, when they build that ladder 🪜 to heaven 😇
same here, spent a year in Astoria,
first day there i got burglarized LOL. someone stole from my apartment when we were moving in.
the apartment got bedbug couple weeks in. NYC is dirty, expansive, and the worst were the people there
Congratulations 😊
I don’t think this issue is just in NYC. It’s happening in a lot of our major cities.
76088
Portland, ME (68,000) is unaffordable as well
You are right....the common thread is democrat cities.
It's not much better here in San Francisco. $3600 is the average 1 bedroom apartment. $5000 is the average 2 bedroom. A 1000 sqrft starter house that's literally falling apart runs you 1.2 million. And the decent houses are all 2 million and up. The property taxes alone on that are more than a third of most people salaries. And it never goes down, it's just not going up very much right now. But averaged out over the past 10 years, house prices go up $50,000 per year. So the idea of saving enough to make the down payment is not back by the math.
@jimmartin181 No sorry.. I'm a born & raised Alaskan which is a red state & rent has been raising & getting worse. We also have a huge homeless population now. This is a American problem across the globe.
Another thing I am curious about is who is gonna work all the jobs like at JFK, Cargo, Railroading, FDNY, NYPD all these middle blue color jobs right? So your telling me ONLY Computer techs who sit on their ass at home all day and executives are able to afford it all? Guess what? That means this city is DOOMED.
Immigrants will work those jobs dont worry
unfortunately its also people who have to commute a minimum of one hour to reach the city
I say, let the labor market sort itself out. If all the poor people leave, then there will be a labor shortage and wages will increase to the point that NYC is affordable again for blue collar workers.
Venezuelans, Mexicans... they're ok with $3 an hour
It was doomed as soon as real estate was turned into an investment
I feel really sorry for the NYers, grinding just to pay rent is so terrible. I left Berlin 3 years ago and do not regret it at all, I bought a small house in Italy, don't pay rent anymore and am loving the simple country life.
I have zero sympathy. They vote Blue and should reap what they sow. Nice to hear you found a nice place. I want to do an EU tour someday.
@@MotherGunner thank you! I can only recommend the EU trip - if you have the opportunity come visit Puglia, Italy, it is stunning♡
I bet the country life in Italy is bliss!! Good for you doll. Live well and prosperous. Italy is actually on my places to visit list. 😊
@@isaiahlewis6627 thank you sweetheart! Italian country life is great, I have a garden and the ocean is close, the people are so lovely and I adore the simple life so much. Definitely come visit, I'm sure you would enjoy it here!♥︎
Blue=ruin, everything they touch turns to sh--.@@MotherGunner
No money for rent, no trucks to deliver your food
Don't forget a new toll fees for people driving through the city. Commuters have to deal with cameras that capture their license plate and then they get sent a bill. You can't live there and you can't commute.
@@Zebulization Yeah, I'm surprised that truckers will even deliver in NYC with those new toll fees.
@@vickieclark5931i believe it's not enforced yet.. Its still hung up in courts.. Once that goes into effect tho, these woke progressives will set more of the city ablaze with their terrible policies.
@@vickieclark5931Pass costs to customers...
@@vickieclark5931Weren't the truckers protesting last Friday by refusing all deliveries to NY ?
You can’t have a functioning society without a middle class. This is happening in cities all over the U.S.
Exactly!! Truth bomb here
"The rich does no work and pays no taxes. The middle class does all the work, pays all the taxes. The poor are there to scare the middle class!"-George Carlin
Same in Boise, ID
@@allanbard6048 its mental sickness of the mind of greed. native Americans knew better they tried to teach us how to walk with god our creator not the bible no agenda no ism no race .but we said no it would be easier to give into ego and gluten welcome to our sickness. we shall feel the pain of the lack of group conscious every one will suffer even the rich. karma is real god is real but he doesn't live inside of a book he lives inside of our hearts
Yes thank you…I am glad I found the one commenter that understands the root of this problem. In the decades past we had a strong middle class which moderated everything now we are on polar opposites and these issues are rising from this fact. A big contributing factor I’ve been noticing is that most college degrees and high paying jobs are now going to women…if men were getting them they are likely to marry a woman who doesn’t have a high salary where as it’s opposite for a woman who won’t marry a male with a lower wage …this is causing a major imbalance.
The craziest thing is that here in Brooklyn, there is absolutely positively no shortage of newly constructed apartments. None whatsoever. In fact, if you live in central Brooklyn, East Flatbush, Crown Heights, Lefferts Gardens etc. Anywhere on Nostrand Avenue from Eastern parkway to Glenwood, there are literally dozens upon dozens of tall 6-7 story buildings being constructed or recently completed. You can see them by just looking to your left or right walking down Nostrand Avenue. And now there is a new apartment complex being built on Utica avenue near midwood Street by the gas station. There is absolutely no shortage of apartments in New York City. There is a shortage of affordable apartments. Mind boggling greed is what destroyed this city.
I'm from Memphis and lived on Nostrand and Eastern parkway for 10 years then moved to Utica and Union Street.. I love Brooklyn. ....prices are too high tho.
Also just stupid or uneducated residents, common sense tells you if you can’t afford to live somewhere you move somewhere else not opt to be homeless for the sake of telling yourself you have a “good job”. People have pride issues. There’s 52 states anyone could choose to live in but people would rather live in a shoebox in NYC. Education is failing society, adults should be able to discern things like this but instead are choosing debt, unsafe living environments, and crappy pay. Honestly the homelessness crisis in both NY and LA is a choice made by the people choosing to stay loyal to a city that has nothing to offer for them. Pick your battles wisely.
Shortage in fiction?
Agreed.... However where is the greed coming from. Those apartments aren't free to build nor are they free to run. The rent is based on many factors. If people are voting in the wrong people and the wrong policies that put all the burden on the people who build and run businesses and then of course everything is going to go up. It doesn't seem fair but neither is telling someone they must pay everything and then give what they have a way for nothing or next to nothing. The problem is being caused at the highest ranks I'm not saying there's not greed out there amongst the wealthy but it also comes from the little guy. People tried to warn that when you tax the wealthy the way that people want them taxed..... They cannot do for us what they used to do. When things get higher on them then they get higher on us because they are the ones who provide the jobs and everything else. There is a reason for breaks. Even with those tax breaks they tend to pay more taxes than everybody else. Come on it's simple math. Greed is at the bottom of but it comes from the extreme top and the extreme bottom. Those who want everything for themselves which are the elite. That 1% or the elite are actually very few. Then those at the very bottom who want everyone else's stuff for free. I'm not talking about poor people exactly. I'm poor and I don't want everyone else's stuff.
@@Dontrollingwhat about the people who work jobs that serve those rich communities? The fast food workers, cashiers, trash collectors, etc. Should they be pushed out of the city they work in and be forced to commute hours to work? Should they be paid $150,000+ a year to afford the local housing? Should they be homeless? If there was nothing but rich people in a community like you’re suggesting, services wouldn’t exist and therefore make the community unlivable
The thing that bums me is that: people and the news expose the problem, yet nothing would be done to solve it
People aren't angry enough... When we aren't still hoping for better jobs and better pay and for everything to be cheaper and for our president to start throwing money at us.. when we stop asking questions and just go completely off on this shyt system by coming together.. then I bet you, something will change. What good is being aware of the problem but not doing a damn thing to solve it? Nothing will get better until we angry
I feel like all these videos are better journalism than you ever see in any network. Good job, Cash!
He sure is
Massive amounts of time and energy go into his videos I'm sure. He has a good head on his shoulders.
He still has a left wing bias. Example is at 01:03 where he thinks everyone else thinks "progressivism" would mean affordable housing. Anyone who's studied capitalism would know that's not true.
youtube in general is great journalism.
@@jvanek8512 Cash started out as an Accountant working in NYC before he got into real estate, he knows what he's talking about.
I used to live in NYC. Its the 80s and 90s most other cities were lame. But now there are lots of great more affordable options around the country with great restaurants and culture. More people should vote with their feet and leave NYC.
A lot of New Yorkers try Houston. A lot do not stick, but many do. I’ve noticed many in finance manage to move here and keep most or all of their income. They either are monetizing their industry connections or working for the same company.
Eventually, more and more of the finance companies will move south, much like in tech.
I actually vote with my wallet like any employer would.
So far, I would never hire any of these political figureheads.
You lived in NYC because you wanted to hook up with someone... Be honest?!
That is spoken very truthfully. You are right, back in those days the rest of the country and the small cities hadn't developed yet. I have lived in Orlando for almost 30 years and we have everything here that any major big city. The city has pretty much doubled or tripled in size. Yes we have nice restaurants, culture( ballet , symphony, broadway shows. Can you believe it?😃) When I moved here in the late 90s, the people in the big northern cities would make fun of us. Now it is us getting the last laugh. It is almost entertainment now watching the downfall of all these liberal run hell holes
After last weeks ruling against Trump, I suspect a whole lot of businesses and people will be leaving.
So who do they think is going to run the stores, restaurants, utilities, hospitals, etc? There are no $100k/$200k cashier/barista/clerks jobs. To meet those numbers, you would need to pay people about $50 an hr and minimum wage isn’t even $20. The trickle down is going to be massive. We need everyone, at every job level -- we NEED them all.
The ugly reality of trickle down economics. It's definitely not money that trickles down unfortunately
The "servants" of NYC will be bussed in from 2 hours away in NJ. They will receive their own private lane as to not obstruct the "higher class" it serves. And they WILL like it!
Ai robots
In the news this week there is a political person in California who is suggesting that the minimum wage should be $50 an hour.
Computers and everything will be Amazon to go stores .
I remember in 1992, my mom moved us from a rat infested apt in the Bronx to a twelfth story housing projects 10 minutes away. 32 years later, my mom still lives in those same projects still on section A housing in her golden years. I tried numerous times to get her to leave New York and move to where I’m at, my siblings offer the same as well, my moms response was “I’m comfortable here” that’s how New York can have people stuck.
Nobody can afford anywhere. Where I live our one bedrooms have gone from $1500 to $1900 in a year.
But, someone apparently can or these places would be empty. Not trying to be rude. I just wonder who these folks are that can afford these places. I am certainly not one of them either.
I just wonder where these people must work in order to afford these places.
I've never lived anywhere that had $1500 one-bedrooms. There are plenty of places to live for much cheaper.
@@mightyhendo9828 It matters because there are cheaper places. The idea that rent isn't affordable anywhere is false. I live in Georgia in a 2 bedroom duplex for $750 a month.
I'm in the middle of Oklahoma in a small crap town and housing prices have doubled in the past year..
@mightyhendo9828 literally his comment was so stupid 😂
It’s gonna be like San Francisco; homeless people sleeping against empty buildings with vacant apartments for rent (for a cool $7k/month)
Already happening
I had a friend many years ago, who was Chinese, and his grandmother lived in a small rent controlled apartment in Chinatown. The rent was like $200 at the time, when they were about $1000 on the open market. When she died, they kept it secret because if he reported it, he'd be forced to move out (he was like 30 at the time). He worked at night and on weekends performing repairs, painting the rooms, cleaning it thoroughly and disposing of the old stuff so that he and his girlfriend could move into it. I never asked how they got the body out. That was back in 1992. I don't even want to think about how much that apartment would go for today. $5000?
The body probably ended up on the menu 🥢🥡 & got delivered by bike 🛵 by Uber eats
Did the grandmother, still vote? receive social security??
Show Respect @@daewooparts
@@daewooparts😂😂😂
@@richardangers2566
😒 🤔 Interesting???
Same in London. It’s called Greed and is typical key step in the rise of fall of Civilisations. Usually found towards the end. 😢
Confirmed. Unfortunately, London is no longer affordable, except the really bad areas where your personal safety is at risk.
Even the bad areas are expensive in london
Wrong. Sure some people are in it for greed but most places raise the rent because the cost of insurance is going up, the taxes are shooting up like crazy, costs of repairs are going up, costs to evict bad tenants are going up and its a massive headache that can take years so they want to make sure they get good ones in and not trash. When the costs of goods go up and taxes, then the rents go up too. People cant rent a place for $800 a month when the costs of taxes and insurance and repairs is $1500 a month
yet to listen to tenant activists landlords have been greedy monsters since the beginning of time.
There used to be a nonprofit coffee shop near me. Some idealistic types got some free space in the basement of a church and ran it on mostly volunteer labor offering basic coffee flavors, bakery 2nds and such on a pay-what-you-can model. They hoped that wealthier people would pay enough that they could afford to support those who couldn't pay anything. However, they went out of business because most of their customers paid nothing. Yet when they went under some people still called them greedy claiming they really went under because they weren't profiting enough. Well that was true, in the end what did the volunteers get, and with nobody paying they could not buy more food or materials.
(I always paid when I went in there)
“If you can make it here, you can make it anywhere.”
No longer applies to the average person. It only applies to the rich.
Still true if you interpret “make it” as surviving. Living in any other big US city is much easier compared to NYC.
!!!!!!!
most people living in NYC cant make it in NYC, they just cant figure that out.
The oldest lie in America is the American Dream.
Damn! I live in Norway, the world's most expensive country to live in after Switzerland, and New Yorkers are paying more in rent than I am! That's insane!
How much do you pay for rent in Norway?
And the Norwegian women are also better looking 😂😂😂 not fat etc 😂😂😂
Indeed 💯 right
Same thing here in Moscow. I’m living in a one bedroom (bachelor) apartment in center , 10 min walk from red square and I’m paying 60 000 roubles a month. That’s about 650$ a month…
But I have a good relationship with the owner, so he hasn’t moved up rent price in many years. Should be around 75 000/80 000, but when you have good owners of the apartments, price will be lower than what’s in the market.
Yes and in Romania you don't even rent or get a mortgage with interest because the houses are like 60K
I live in nyc and I work in tech. When my lease is up, I'm gone. The city has gotten too expensive and there's nothing we get for it. 2500-3500 for a one bedroom that's just paying off the building, and I as a renter get nothing for it. And when I leave, my portion of the taxbase goes with me.
The fact of the matter is that existing building owners need to take losses. They got loans for buildings and the true value of those buildings are less than the loan. Sucks.
When I, and other middle class leave, nobody is coming behind us to rent these insanely expensive places.
Really?? No one is coming? Tons of people are constantly moving to NYC as they have been for decades… it’s the most popular city in all of USA. A global, cosmopolitan metropolis. No one will care that you’ve left. You’ll be replaced by some other tech yuppie who contributes nothing to society and is grossly overpaid. Come on
Like Mr. T or not, the way they are treating him is unfair and unjust. NY is doomed now
John...when you leave, please leave your voting habits there as well.
Sadly, that's what it take to break this vicious cycle. Same thing is happening in California. All you can really do is just walk away.
Migrants will. And the government is going to pay for them to come in your apartment and get legalized so they can vote Democrat. They all said they're voting for Biden, who had no problems screwing up this country.
What also sucks is this spills over into many areas outside the city. I live hours away from the city and everyone is moving here because it's "affordable." From 2020 - 2024 rent has tripled here. Before in a rural area you could easily rent for 500$ - 700$. Now for those same places it's 1200$ to 2000$. Jobs here don't keep up with that increase. I good paying job in 2020 was 16$ an hour. That same job is now paying 18$. This stuff has to change. I've never seen homeless here in rural area. Now folks are walking up and down the street and camps are popping up in woods and next to interstates.
Someone told me to keep an eye on New York City, that what happens there is what will soon happen in other cities across the country. Cash, you break down the politics in a way that's easy for me to understand. Keep going with your videos.
Its not rocket science. The exact same thing happened to La,san fran and other cities AROUND THE WORLD
already is
Kathy Hochul in 2021:
"You're welcome with open arms and we'll work to keep you safe. We'll not only house you, but we'll protect you."
Kathy Hochul in 2023:
“We have to get the word out, that when you come to New York, you're not going to have more hotel rooms, we don't have capacity. So we have to also message properly that we're at a limit - if you're going to leave your country, go somewhere else.”
Haha..true
Not a single people with brains want to visit NYC anymore. It is turning into dangerous 3rd world s*ithole in front of our eyes.
The left are hypocrite's.
Yet New Yorkers will gladly vote for her again.
Can't fix STUPID 😂😂😂😂
NYC was NEVER affordable for the middle class except for rent controlled apartments which were extremely scarce
That's not true, actually. Do your homework.
No, the rent prices skyrocketed after 9/11 because the Manhattan folks moved into Brooklyn. Then, the trust fund brigade moved in via gentrification and pushed everyone else out but back in the day around 1998-1999, you could buy a brownstone for $10k.
Why not you watch the pure of happiness ft by will smith base on true story
@@findingkelly brownstones were 100k in 1970. They were never 10k…
It’s simple supply and demand. It’s not just NY. The same thing is happening around the country. Nashville, Atlanta, Dallas, Tampa are all experiencing this. People that want their money to go farther are leaving the north and Cali, moving to the South where they can get more for their money. In turn it is driving up the prices of houses and rentals in the localities mentioned above. Now housing is very unaffordable for the median income in these places.
What’s still fascinating to me is that this doesn’t crash - people still live and move to those cities - people still pay the rents - it’s wild, same in other huge cities - can’t wait for this to collapse (hopefully)
I think this is ending honestly. $3600 for a studio means you have to make $150k to afford that, and most people making $150k aren’t willing to reduce their QOL that much. I think we’ve finally hit the threshold where people aren’t willing to sacrifice any more just to be in NY/LA/SF.
@@CookieCurlsIf you’re worth $150k in Kentucky, you’re worth $350k in NYC.
@@CookieCurls honestly i don’t see that coming yet - it will become a ghost town with many high luxury apartments which are all empty - if this level is reached the investors will either sell it, destroy it or become reasonable again - hopefully
Or….turn it into what happened in the movie “escape from NY”!!!!😆😆😆😆😆😆😆😆😆
It's 43200.
You're doing good work. People to need to wake up to what's happening and not just in NY but around the world.
But the crime in America is a US exclusive type. my job gets those from all over who ask "why is things locked" and genuinely mean it. then when i act cautious for those dumb enough to say "i'll try to steal x item" and i get called out my name which happens too often!
I like it when non americans are in they know how to act, and i don't gotta watch them i know who i must and it's *ALWAYS THEM!* of which saying "i watch black people more" of course ain't go well to i get called racist to having to jump head first into danger to stop theft isn't in my job description should be tasked to someone else!
People also need to know when to move, so many people remain stagnant even when their cost of living exceeds their income and it’s ridiculous. Go to a cheaper state. Going homeless because you have too much pride for your city is honestly embarrassing and I don’t feel bad for people who put themselves in that position and beg for sympathy. People need to make smarter decisions with their time and money. So many people complain about how they have to work 60-80 hours just to live there when could move somewhere else and get better incentives with less hours. At some point it comes down to common sense. Also people don’t realize that the more people that come into the city is the reason for an increase in price. The more people that leave, the lower the prices will get. This is basic supply and demand. This is why it’s important to be educated and learn economics and accounting.
@@Dontrolling It's not just in big cities. You can move to a smaller place and make a smaller paycheck but homes are expensive everywhere you go. I live in a big town and rents are still ridiculous. It doesn't reflect average earnings at all.
Ikr. It's like wtf is going on and why does it seem like most people will fight everyone except the leaders, corporations, oligarchs, and monarchs? I don't get it.
@@enigma4649You are both right. It’s extremely expensive all over the world. 22 years ago I had a custom built small house that I mortgaged for $116 000. Today it would go for over 400k but then I couldn’t get anything else.
The concerning trend of some New York residents intentionally choosing homelessness brings to light multifaceted issues. While financial struggles and affordable housing shortages contribute, there's also a growing mental health crisis. Addressing this complex problem requires a comprehensive approach that involves social services, mental health support, and community outreach. Individuals navigating these challenges may benefit from professional guidance, not necessarily from the outset, but as part of a broader strategy to rebuild their lives.
Indeed, the intentional choice of homelessness underscores systemic problems. It's crucial to tackle the root causes, such as job insecurity and mental health issues, to create sustainable solutions. As the situation evolves, seeking advice from social workers or counselors becomes pivotal. These professionals can offer support tailored to the unique circumstances of those experiencing homelessness in New York.
I completely agree. Having worked with individuals facing similar challenges, I've witnessed the transformative impact of connecting them with advisors specializing in social services. These advisors help navigate available resources, housing assistance programs, and mental health services. It's not just about finding shelter but creating a path towards stability.
Your experience resonates with the complexities of this issue. Could you share more about the role of an advisors in aiding individuals intentionally choosing homelessness and how they approach these situations?
Certainly. An advisors play a crucial role in assessing the unique needs of individuals, connecting them with appropriate resources, and devising personalized plans for long-term stability. They collaborate with mental health professionals, employment services, and housing agencies to address the underlying issues contributing to the choice of homelessness. It's about rebuilding lives step by step.
Someone like Carl Jason Cohen
I work in finance, and after living in nyc for a few months (on the company's dime) it was enough for me to never move back.
Oh wow and that is coming from someone who has money, imagine how it would be without it.
@@dr.strangelove5708 I wouldn't say I have money. Working on a salaried job is still makes me a laborer. With the insane taxes and cost of living in NY, it's hard to save money and build equity in a home.
The people i know who likes NY, only likes it because their friends are in NY. Luckily i don't have that problem.
@@boom2055i see people who are like that to indianapolis since im not far from there my brother is like that he doesnt want to leave no matter how much of a shithole it is my dad is the same with the city he lives in its wild the loyalty to shitholes people seem to have just because of people as if you cant drive there and still live a reasonable 30 mins away
The uk and US public have the same housing issues. Joke prices and rents people have little choice to pay whilst banks, building companies and landlords always guarantee themselves huge profits.
The mentality in Housing seems to have become " If You Can't Afford it ? I Have Someone Who Can " . Because this Unaffordability Crisis is everywhere in America not just New York .
It's not even anymore about having someone who is wealthy enough to afford living there. Housing has become an asset like a stock, investors buy it without the intention to live there, but to rent it short to mid term and to sell it to the next investor because housing prices constantly climb
NOT WHERE I LIVE IN NC....
Almost makes you think where are those people who can are coming from, huh.
Your inability to afford it isn’t a Crisis.
@@juannaym8488you have just defined an economic bubble, just like 2008
I'm a doorman in Chelsea. 10 blocks from Hudson yards . The 2 bedrooms go for $8000 - $10,000 a month. The 3 bedroom is $12,000 . We haven't had studios available at my job since summer and those go for about $4000 a month
That's insane! What ever happened to rent controlled apartments? I guess sneaky and heartless landlords can bypass them.
2 find one of those you have to wake up early, study the obituaries, and then be prepared to bribe someone...@@rain73ful
insane i know some buildings have agreements with unions, so the porters and handymans can live in the buildings they work for 50 percent off rent and utilities. But even then if your making 28 a hour, even a studio/one bed room at 2100 a month is alot.
Exactly… there are a lot of rich people in the world and they will pay those prices.
As a doorman, do you sleep in your car in the parking garage?
It's not just NY. From 2021 to 2023 my rent went up 62% and I am in Salt Lake City. And we are building like crazy to meet the housing market. But one third of all of the buildings are not full because they cost too much. 🤦♀️
Greed and you have to deal with the locust Californians
Printing out new money devalued the purchasing power of the dollar, and handing out low interest covid loans that were misused to buy property had a large part in the nationwide price spike.
If that’s true, it’s self correcting. Only commercial property will not correct (because of how we have messed up our banks). Residential always corrects because so many homes are owned by different people. It corrects slowly though because of affordable housing programs going back a century.
I blame Woodrow Wilson.
Yesterday, I saw that Utah is becoming a sovereign state whilst taking the government to Supreme Court. I fully support, mad respect!!
The #1 economy in the country keeps them coming
I always wonder, cities require tons of workers, like trash needs to be taken, streets cleaned, food made and sold... where all those people live?
Probably in their cars or they commute.
I do not live in New York, but I watch your channel everyday. Really good information and you show all sides of the issues.
Samesies
I’m not even in the USA, and not even planning to visit, yet here I am watching vividly!
Lucky, i do and it's horrible. i'm kinda in the area's used a b-roll to see loads of sky high buildings prob mostly hotels but i can't even tell! then my job is a mess with too many thieves from mainly homeless then worst those who just think it's cool to steal.
And i was hit from someone who legit gave me a reason to suspect him of stealing, and no one fears the NYPD to calling 911 i got ghosted when a crazy guy caused a scene and disrupted business my co-worker was virtually no back up i could have died! as i have had knifed drawn on me too!
Lol if you think this is "all sides" of the issues. You're so delusional
as a french,i find this nightmarish
I had to move out of NYC- got a pretty high paying job straight out of college and was still giving about 50% of my paycheck straight to rent, wasn't sustainable- found an even better paying job in Philly and have been here ever since, love it
Guhhhh don't tempt me 🥲
Happy for you though lol
If you had a high paying job, you could have lived in a cheaper place like East River Housing Coop. You most likely have expensive taste and still lived above your fortunate means.
@@kellywade8275 It wasn't that nice, it was definitely expensive though- and in the 5 years since I left rent has only gotten worse
I’m coming babe
I moved to NY for a great job, and was so exited to live in Manhattan. It was….not what I expected. I quit my job after about 9 months and moved back to the DC area. I have no idea why anyone would want to live there full-time. It’s a busted piss-pot.
Sorry about that, the city used to be a better place in the late 90s to mid 2000s I remember.
Whats most scary is that DC is better than NYC.
@@VisceralCarbonyup, it used to be great. Something for everyone. Now it sucks.
Yes it was an amazingly fun and fantastic to live, work and play@@VisceralCarbon
the good food. that's about all NY still has 🤣
Prices are crazy everywhere, small towns in NC, its hard to find anything under $1500/m for a family when it used to be sub $1000. Banks loaning money that doesn't exist and getting off the gold standard was the start of the destruction. They take your money, loan out 25% more than they even have, and charge YOU interest. Plus now Wallstreet is investing in housing and renting it out or leasing. There are corporations that have hundreds of billion dollars in Real Estate and scalping everyone. We all remember how Monopoly ends, we all get screwed!
I knew it was getting crazy when I saw my hometown in North Carolina being brought up on one of those 10 places to move to lists. And My eyes could have rolled out of my head. Nobody ever used to want to live in my little podunk town and now you go and look at the home prices and they're all about 4 to 500k. It's madness.
Born in Wayne County
Lmfao whatever, I'll see you in a few weeks moving down from nyc @theorg_bunnyboo
With truckers talking about refusing to take loads to NYC, good luck eating in NYC.
Sad part, many truckers won't deliver to the entire state now. Upstate has nothing to do
with the city.
LOL plenty of non Trumpanzee truckers. 75% of the country does not like Trump. So more money for them and less for them. It's called CAPITALISM!
@Thedrickx Well I guess they should have thought that thru a little better on how they treated Mr. T
That ruling is going to make developers scared to build in NYC.
You mean it’s illegal to take a loan, and pay it back now? Hahahahaha NYC is so fkd
There will be plenty of Fat Rats, just an idea?... Only the Strong will survive.
In the 1960s a residential home builder in my area built hundreds of modest, affordable new houses for the families of working class/middle class people. I grew up in one. Today, that man's grandson is also a home builder. However, he's not exactly carrying on grandpa's tradition. Instead, he builds only homes that start at $3.5 million located inside exclusive gated communities with private security etc. Today's working/middle class in this area struggle just to rent apartments. Yep, there's a whole different focus in this country today. I dont think these changes happen by accident.
It’s called capitalism and it’s ruined everything, that builder only cares about how to make the most money.
Unfettered capitalism. Is America the best country in the world? Not by a long shot... Any Scandinavian country ranks higher. Canada generally ranks higher. If you want to be better, simply reign in the policies of "greed is good".
@@CastorRabbit I'm Canadian and I can tell you that we are going through the exact same problems as you guys are across the border.
@@CastorRabbit We don't have capitalism in America anymore. We suffer from overregulation of housing. It costs tens of thousands of dollars just to get permission to build, and with permit fees so high and restrictions so onerous, builders naturally focus on upscale housing to maximize profits.
Finding jobs that pay enough to be able to afford a place to stay but also with prices of everything is going up its insane. Sometimes I want to give up because it feels hopeless. It's no such thing as a middle class anymore.
As planned
They will keep flooding the first world nations with migrants, what happens is this will drive up the cost of everything and they will be paid for through tax money. It is a way for them to take the wealth from the working population and create a population dependant on government. Communism is taking over, and everyone will be poor because they are going to give it all away to migrants.
I've already given up...I'd rather waste away then bust my ass at some job that doesn't pay enough just to make some rich pos richer and getting absolutely nowhere for myself no matter how hard I work...it's really such a joke I don't understand why the only protests or riots I see are about idiotic nonsense and not about the abysmal quality of living.
@@redfox4561 Hang in there RedFox, change is coming, people will get fed up eventually where they get pushed over the edge.
NYC was never designed for the middle class.
This is why society needs more planning. I don't want the government to micromanage things, but these types of problems continue to happen when everyone is living for themselves and we have to hope that everything will just work out.
The government creates the problems.
Dude the doctor doesn't tell anyone to move to major cities so just don't 😂
This is happening in Philly. They are building these giant apartment buildings with outrageous rents. They are also buying up row homes at $200k or less, renovating them, dividing them in to 3 rentals at $2K each per month or more. Not only are they driving out family homes, but they are potentially bringing in a lot more cars that the city cannot already manage due to lack of parking. We won’t even talk about the tax increases to homeowners to the point that when they get too old and can no longer afford the taxes they are forced to sell - to go where….? Something needs to give or there will be a lot more people living on the sidewalks.
It’s happening in my small midwestern town as well.
It’s by design but it’s weird to see it happening in real time. Just the last few years have held massive changes. The future is bleak unless we can take our country back from the criminals. 😣
This is a LIE I work for the City. We are building plenty of affordable apartments all around the city. Please research PHDC or PHA
@@jessicamarie5048 How bold of you to call me a liar. So, you use the internet to bully people do you? Your mother must be proud.
@@lah-tee5412What Midwestern town?
You are speaking truth. These NY migrants are messing up Philly
A lot of New Yorkers moved to New Jersey running the rents and home prices sky high. I have a relative in the central part of the state and all the open fields are gone and are now condo farms.
Property taxes sky rocketed.
Sadly that's the case 😢
Central Jerseyan here. Studios in this area only go for a minimum of 1500. 4 years ago they were less than 1000. I work 2 jobs and I still can’t get off my feet here.
yeh check on apartment sites the rent is literally 20-30 percent cheaper in new jersy.
@@grandcanyon2 With that savings getting chewed up with commuting costs if you work in New York City.
I lived in New Jersey when the first wave of New Yorkers started moving into the state decades ago. Rents started rising then. The spread between New York rents and New Jersey rents started to shrink.
I just moved to Harrison from Queens. I pay 1500 for a one bedroom
When I lived in Cali, and I felt like I was sacrificing my standard of living from the ridiculous rent prices, I moved to another state.
your problems are not ours! bye!
@@AK255. If the rent prices in NYC aren’t ridiculous why do people complain, want “affordables” built, want the government to use taxpayer dollars to subsidize the rent. Why can’t they just leave?
@@katydid2877 gov policies sometime backfires and drive up prices even more which takes decades. Also this is more related to population density problem where demand out pace the supply. The reality is not everyone is entitle to live in city centers. CA is known for high wage, zoning laws, and bunch of permits that drives up prices and compound that for 20 years then you get a real issue.
Make sure you don't keep voting ignorant and turn wherever you moved to into a craphole as well.
@@katydid2877”why can’t they just leave?” - not everyone is as lucky as you are. Some people have job and family obligations. There are so many reasons that prevent one from moving.
There is more real news on this channel than any other mainstream cable news channel. Congrats.
Zoning restrictions, NIMBYs, and HOAs hold a special place in my heart, hell.
Yep.
Construction should be a form of free speech protected under the first amendment. If you own the land, you can build it, you shouldn't have to ask permission.
If hell is in your heart, you need to get that checked out.
So you want a towering skyscraper built over your single family house obstructing your view of the sun?
@@jokerpilled2535 Do you prefer tents lining the sidewalks?
Cash Jordan is going to win an award for these comprehensive, in-depth, clear eyed, unbiased reports of NYC issues. He deserves it.
Definitely 💯
I don’t agree. This channel does not have a single video talking about anything happy or positive. It’s only feeding the negative media mob.
The easiest way to fix this issue is to make owners of rental apartments pay additional taxes each month an apartment is vacant. That way it no longer is profitable to let apartments be empty until someone dumb enough comes by to pay insane rents. As a result empty apartment cost more money then filled apartments can make up for and rent needs to be lowered to get them filled by people that can afford the lower rent.
And then they just say that apartment is an office space or a storage space or some other classification. Then what?
@@Itsallover57There are ways to legally make that difficult to use as a loophole as rezoning requires the approval of the city. You can force high fees for rezoning, you can force active use of the new zone and you can prevent it from being rezoned to an apartment again.
The reason for having it as an expensive apartment is because it is cheap to let it be empty and profitable when rented. With such new rules that no longer is possible.
Also - the city would earn a bundle of it since empty apartment would mean increase profit for the city.
I’m in real estate and just consulted a Japanese expat via zoom, told him to expect to pay at least $4000 per month for a studio apartment at doorman building in NYC
Be careful. The state can strip you of your investments in NY through lawfare.
Would you still invest after what the state of NY just did to Trump? Politics aside of course.
No one can see past politics anymore.@@brookeceron8091
@@brookeceron8091 Yes because what Trump did isn't investment. It's breaking the law. And ofcourse when the government can get 500 million in fines, they're going to target them not someone who steals 50 dollars! It's call catching the BIG FISH!
@@brookeceron8091yeah, I don’t really give a fuck about politics I just wanna make money. The pope could become president for all I care
I find it weird that according to the Census bureau, NYC lost so many people between 2020 and 2023 and is one of the fastest shrinking cities in the country…. Yet the housing crisis somehow got worse than before the pandemic? How is that possible though?
All the low-ball people left....
1. A huge transfer of wealth to the rich and the rich will put that money in the stock market, off shore or housing.
2. Greed of landlords and developers
Illegal aliens
Illegal immigrants
@@SoloMarcoPolo how nieve can you get
6,000 a month to get an apartment. . I pay under $1,000 a month for mortgage for a whole 3 bedroom house. Why anyone would want to live in New York and pay those high prices
I'm with you my mortgage is way cheaper than these apartments
They want to hook up that's why
A million reasons to live in NYC. You have a mortgage. Many people can’t get that. You also didn’t mention your age. Old boomers don’t have to deal with the economic realities of millennials and gen z. Your homes cost 200k. The same house now is 500k. You didn’t mention where you live. Sure, you can get a cheap place is Lametown, USA. Why would you? People who want to live in NYC want the world at their fingertips. Your town probably has 1 Walmart and a McDonald’s. That’s not everyone’s dream.
@@maverickbull1909 I am 27 year old . I got a mortgage on my house when I was 25 . By the time I am 45 my mortgage will be paid off and I will owe my home .
@@U.S.A.. and do you think that is typical of literally anyone? You’re 27 with the ability to buy a house 2 years ago at the top of the market when homes have never been more overvalued? And yet you’re looking down on the rest of the population? Get lost
Did someone say more ppl are moving into NY? Do they not read about the cost of moving there despite the mayor's COVID atrocities, and now migrants?
It's a similar situation in London (albeit with more decades of intentional centralisation of all investment and government spending on one city to the detriment of the rest of the country) - it's why when the pandemic hit and people started working from home, many under 40 started moving out to places in the Midlands and South West, and are fighting demands to return to London (when their jobs can be done remotely) as even with the loss of "London Weighting" (a £4,000 bonus for working there) the cost of living is so much lower elsewhere they net gain from avoiding the city.
Ahh London the stabbing Capitol of the world
My father (he is Russian) bought a lot of properties in London during in the end of 90s and during 00s. And now I don't need to work hard a single day of my life. Thank you, London.
@@EkoFranko how is the crime now a days in London ?
Russian money was nice but eu side with usa
We think are NIMBYS are insane in the US, the ones you have in the UK are even crazier 😂.
Now, in 2024, developers are scared they could get sued for fraud even if they pay the banks with interest. Some refuse to build.
that decision is gonna have massive repercussions over time.
Guys, almost every freaking city in the world has a housing crisis these days. For example, In Russia, even if the city is flooded with new housing, the prices for all property are absolutely unreasonable and unaffordable.
Reall same in other cities
But how? Why? Why is this only a problem now? And how is it everywhere? Who is buying everything?
@@CookieCurls Everyone realized that investing in real estate = $$$$
You're absolutely correct. The housing crisis greed has spread into every town, even the rural ones.
@@colbyboucher6391
“Everyone” you mean Lärry Fīnk
Same thing is happening in Mexico City. The price of everything is going up, rents are skyrocketing and dozens of new luxury apartments being built, but barely anyone can afford them.
The answer is to reject the current Political system and put in place a system which has the populations best interests at heart, instead of creating wars, protecting the rich and corporatians.
It's not the system... The system is fine. The system isn't corrupt. It's the PEOPLE that are corrupt!!
The Corruporation
Yea trump will surely save new york
so bring back the monarchy?
What like Communism? Last time I checked that wasn't working out so well either.
It's not just NY it's everywhere!
That's because the blue state invaders are swarming the red states. Which causes the red states to become unaffordable
No sanctuary cities are completely different laws for migrants. We in TX DO NOT give them any places to live. So they get sent to other states
@crimeshaveconsequences4268 don't matter they are everywhere and more coming. I was referring to building in my comment btw but I get you.
Lookup gentrification..."noun
The restoration and upgrading of deteriorated urban property by middle-class or affluent people, often resulting in displacement of lower-income people."
I never understood how people could afford NYC.....even vacationing there it was incredibly expensive. Good luck to everyone who is sticking it out!
Not everyone lives in Manhattan. The outer boroughs are generally cheaper to live in than just living in Manhattan
Good luck? ONLY the morons are the ones staying
People want to live in the trendy places of NYC and don’t want to live where the cost of living is cheaper.
We get paid much more
How much cheaper?@@NYPATRIOTBX
Hey man, be safe out there. NY has become so dangerous. Thanks for the updates.
Oh yeah. its by design.
WEF wrote a book.. everyone has heard of klaus, except for Joe fans
wat@@dertythegrower
Relocation is risky business. Here is just a bit of my own first hand experience...
I moved out of NYC as a single mom of two with the help of a friend who's assist made it possible. Without her I could never have made that move. I had no family I wished to stay close with so for me the choice to leave was not a difficult one. I moved to PA, but ran into many social issues which forced me to move to different counties several times, at one point having no other choice but to pull my children out of school and homeschool them. Each time I was hoping to find a place where my children and I could live in peace, the last place in PA being the most painful and problematic of all.
I have since moved to the Midwest (with the goal to get west, and if possible, get OUT altogether). Came here for the lower rents being advertised, but once I arrived my ethnicity got in their way and I was railroaded into a residence costing twice the amount of the units advertised, (and more than I was paying at my last home in PA), it was that or continue living out of my car. When I arrived I had (cash in hand) 1st month & last months rent plus security deposit. They wouldn't accept it because I needed 2 months proof of LOCAL employment. "Local" was not mentioned when I spoke with them before travelling there. Now my car is breaking down, my utilities are on payment arrangements, and how much I have saved so far is a whopping $0 at the time of this posting. Also, once you're lucky enough to even get hired, which will be in the fast food industry, you are at the mercy of bosses with major character defects because the chance of getting a job elsewhere are slim to none.
So, from leaving NYC, to reaching the Midwest has taken me 30 years. Will I ever make it out of this country is still yet to be seen. My hope is to reach the west in the next 5. The point of all this is that at every step I HAD HELP from "leaf" people I knew personally. That is the moral of this story. None of it came without great (and I mean GREAT) pain, GREAT loss, and nonconsensual sacrifice.
As a Latina woman that carries herself well, has respect for self & respect for others, travel in the usa is unsafe, unless you're white (race, not skin). I have had wonderful white persons (usually friends of friends) suggest, and recommend, places where they had wonderful FIRST HAND experiences. But I can tell you that that was NOT what we experienced from the moment we arrived at those places. I appreciate their efforts to help, but white folks need to realize that what is true for them here in the u.s., is not true for all.
“But I have promises to keep, and miles to go before I sleep. And miles to go before I sleep.” - Robert Frost (From the poem "Stopping by Woods on a Snowy Evening")
I pay nothing for rent. I own my house. Small town, middle America. Smile on my face.
Try That In a Small Town 😂😂😂😂😂
As a teacher in a private school in Brooklyn, I couldn’t afford the shared rent in an apartment in the West Village in 1971. A great video!
Well duh you’re a teacher?
To be fair, teachers (my Dad was one) have never made even marginally reasonable salaries until fairly recently. And private school salaries--which one might think would be better than public schools--actually aren't. My Dad always stuck to public school work because he needed to support his family and private school jobs didn't pay enough.
@@maverickbull1909and you don’t see the problem with this?
I used to pay $950 a month a few years ago now my rent is $1525 while the average mortgage around here is 8-900, and lenders tell me I can’t afford a house.
I would be moving
Age plays a factor. The banks typically won't give a mortgage to anyone under ~30
@@arizenation3188 I’m 31 🥺 and had a full time career in the same industry for 16 years. It sucks! Hopefully gonna try again in a year or so. So tired of paying someone else’s mortgage. Rather be house broke than rent broke. Least it’s mine. Ish.
@@crimeshaveconsequences4268 also granted I’m speaking of renting different properties with that price difference but I’m not married no kids and live alone, super hard to find a decent spaced joint even here in weak ass NE Ohio, as a man who has worked hard and never made life altering mistakes, I believe I deserve better in my heart. I earned it but it’s hard out here for your average jamoke.
I was born in NY. Lived there until I was 18. Living in NY is not a choice for so many people there (for those suggesting to just move).
When you’re getting bled dry of every penny you have, it’s a trap. You’re just trapped, it’s hard to put together even 1000 dollars for just a portion of your rent, imagine trying to put together thousands of dollars to move to another place or state. It’s very very costly without help of family and friends.
It’s just not as simple as “MoVe OuT tHeN” or “iT’s A cHoIcE”. Please make use of more brain cells, it’s never as simple as just leave, for the love of God.
I’m just saying, I don’t wanna debate. Every point can have a certain amount of validity. I.e I’m not reading comments.
I can’t wait for things to get so expensive, there’s nobody left to wait on the rich residents!
They will probably get live-in servants.
They will get their asses handed to them.
There is no bottom, as long as the rich can continue to hoard resources they will be able to convince people to do their bidding. Like the other guy said, time was when servants would live in bunks in their master's house.
Building owners and landlords know what is coming. Soon the New York immigrant population will receive their government rental allotment and will be guaranteed, direct government payment for their rent…at higher than median rates decided by the government.
Our British government have forced landlords to hand over 16000 homes to give to illegal immigration through forced compulsory purchase! They are also hounding old people to hand over the houses the same way, they've also raised woman's retirement age 6 or 7 years and I roughly same for man .
We also have 750,000 immigrants all not working and on benefits. 8 million pounds a day we are paying for hotels for illegal immigrants
Just to let you know I've left two comments
@@redskyatnight123holy shit!!! source?
@@aliveormedicated oh and 36billion spent on immigration. Talk tv .gb news
I don’t understand what the appeal to living in a megacity like NY is. I mean just look it, it’s dirty, it’s overcrowded, there’s crime and homelessness everywhere, and the cost of living is beyond insane. There’s nothing about NYC or any major city that makes me go “yeah, I wanna live there”.
We don't need any more buildings!! Manhattan is literally sinking under the weight of new developments and new buildings!!! We need a law that slows the building and forces them to put affordable housing in the buildings we already have. It was said at one point that b/c of Airbnb and housing prices, 1/3 of the apartments in Manhattan are VACANT. We don't have a housing crisis. We have a "we will rent, but not to you" crisis :/
Its the same down here in Alabama. Rent is made unattainable for more and more people.
10 thousand vacant homes in the Birmingham metro alone. Its unsustainable.
The fact that minimum wage isn't even going up in Alabama with rent and prices going through the roof is mindboggling.
It’s agenda 2030 this is being done on purpose.
@@imnotsurehereit should stay like that
Notice how all these cities are run by Democrats?
@@imnotsurehereminimum wage isn't designed for full time livable wages. They're designed for part time work.
When I was a kid in NYC my Mother told me that rent should be about one fourth of one's income to be able to manage one's budget.
I lived in NYC from the late 80's to early 2000's -- there was never enough affordable housing even with these tax breaks --- that's why I left for the midwest. Developers build to capitalize on the upmarket -- which is fine -- but someone else (regular working people) subsidize the tax burden. No tax incentives -- for anybody -- flat tax -- level playing field for everybody.. Let the market do its thing.
"level playing field for everybody" That would never be the case in NYC. The whole reason developers have coalesced into behemoth companies is to take advantage of economies of scale and scope and minimize risk from projects. Smaller actors are more expensive and are just one accident or market blip from bankruptcy.
NYC is a scam in itself beating the odds is a gamble sadly if rent don’t get you tickets get you if you drive or credit card debt makes me sick and needs to come to an end
It's so crazy how different human preferences are. I wouldn't want to live in NYC even if it was cheap.
Same thought. Too crowded,heavy traffic,high criminality etc 🤢🤮🤮
To get an apartment in a bad neighborhood in the Bronx I have to earn a high amount. I have applied for several apartments and they keep rejecting me because I didn't earn enough. And that, I have two jobs.
Love your videos man, the editing is always top notch, Love from Latvia!
I live in Latvia like a New York billionaire.
The affordable housing component of 421a was non-binding! Some luxury buildings in Williamsburg got tax breaks on a promise of putting in affordable units and literally inserted 1. The city needs to stop giving out freebies to rich developers and make affordable housing compulsory for new construction. Also they need to stop letting the insanely weathly park their $$ in vacant apts. These folks don't pay taxes, don't care about the community, create ghost towns and inflate the luxury market to appear more in demand-- spurning on more construction of luxury developments. I literally have 10 luxury towers being built on my block!! 6 more are in the pipeline. Less than 1/8th of these new units are affordable. Its nuts.
This channel is hustling keep it going 🤜💎🤛
In my country (Netherlands) its normal for 2 people to work now a days, without a second income you wont even be able to pay your rent and utilities.
Everywhere
I find it interesting that everyone seems to assume everyone else has it better and then complain about the same things.
@@robertm3951 agree, there is war all over inflation is going trough the roof, migration and poverty are growing, and incompetent leaders force their weird new ideas into the wallets of citizen that can't afford it.
The great reset is in full effect.
Leave people your governor HATES you. You deserve to have a happy life.
Former Manhattanite and Brooklyn Boy here. This is a video about Manhattan, not any of the other 4 burroughs where all but 1.6 million of the 8 million plus people live. And it's really about the most expensive neighborhood. You don't need 6 figures to live comfortably in Manhattan. Did it for years in Washington Heights.
I've never wanted to own a camper van or a houseboat so bad in my life. Giving up half your earnings to line real estate investor pockets is getting old real quick.
More people are going that route and it's eventually becoming a norm. I'm in CA and I'm seeing an increase in properties with campers hooked up to the house.
The Wall Street Journal did a nice story over the weekend about all the scaffolding in NYC -- it's been called the state tree. It would be fun to see your take on it.
I used take the train from NJ to NYC a few times a year to hang out and get lunch or dinner. From what I see now I will not be going back.
We have a problem of cranes in Chicago. Not enough for all the buildings going up.
But will the Builder keep that b Building Or will that builder claim bankruptcy walk away and All the taxes come out of your paycheck
It is completely beyond me why anyone would want to live there...But I love your videos of it ..tyvm!
Many reasons to want to live in NYC but it's too expensive... so I'm not sure why you believe it's beyond your understanding.
My son graduated from Stevens in Hoboken. He had job offers in metro NYC, but they were no more than he received in Columbus, OH. He would need roommates and live in Jersey City to afford it. In Columbus he has a downtown apartment near the Arena District and a garage to park his new car. It's cheaper to visit his college friends than live near them.
I agree, you couldn’t pay me to live there, but I love Cash’s videos.
@@JRAnalyzesI think you not understanding what’s she’s saying is in fact beyond your understanding b/c it seems self explanatory 😅
@@Tiaratisha wow, I feel like I lost a couple if brain cells reading your comment...
Look at ads for "affordable" housing....an income ceiling of just over $225,000 for a family of four with a rent of just under $3000! In whose universe does a family making a quarter of a million dollars need or qualify for subsidized housing?? Shame on the city and shame on the millionaires who take advantage of this. SHAMEFUL.
In the 70's there was a movie titled "The Mayor" and the plot was the city (New York) was deciding this very question of public transportation vs private vehicles. The movie was a prophetic look into the future back then. And as usual it came true.
I'll ✔️ it out
NOT JUST NYC.....it's the friggin' country!! My rent is 55% of my fixed social security retirement as a senior....
not enough senior housing for the retiring Baby Boomers either AND let's not forget our Veterans who served the nation.....some with their lives!!!
LOVE your topics, they are pertinent, valuable information. Real issues that happen everywhere, not just in New York. Really refreshing to hear causes and effects in a simple and straight forward manner.
To me, it's market force that set the price. No one force you live in there, it's not concentration camp for sure. "unless the state acts to get affordable houses built… fast." where is money come from? tax payer for sure. You want the government "robbing Paul to pay Peter?" If so please move to Cuba or Venezuela.
Nyers are about to do their grocery shopping in NJ once those truckers stop delivering
too late 😂
hahhaha
Whoops 😢
Good. Shut this entire country down until we get our way.
As a semi driver 80% of deliveries are made to Jersey and small trucked in weight restrictions on streets and bridges in new York stop us coming in but would not want to anyway 😊
Doubtful enough drivers will join in, most truck drivers work for a company and can't refuse loads or they get fired, only owner-operators can refuse loads, most of them drive semis, and you don't see those in New York. All deliveries are made by box trucks, probably owned by people who can't afford to refuse a load, or don't want to because they are fine with whats going on.
Brooklyn is the same way now and I live there all my life but my family and I had to move to Jersey just to get a home. You can’t afford anything in BK. They are knocking down homes just to build ugly eyesores of an apartment buildings and expect you to pay $3000 plus just to be in a tin can size space…it’s sad…the problem is when you continue to have people willing to pay these outrageous rents, it makes it harder for anyone under the median salary to get into these apartments.
There needs to be more regulation to stop all this unnecessary high rents and building so people who were born here can afford to live…it’s just sad that greedy always wins and the common man has to suffer.
It's a simple supply and demand issue. Why anyone would want to live in that sewer is beyond me? To each their own.
@@keithrobinson2980 Recreational and employment opportunities like modeling, acting, high tech, finance and more. Nightclubs, theaters, art galleries, cafes and museums galore. I know I was a native New Yorker but I hate crowds and doing just normal day to day things there.
Don't worry those apartments will be bought by rich foreigners or investment funds to be used as assets, never to be lived in.
im tryna convince my mom to moveeee but shes so stubborn were literally going to get priced out in a years time
I agree.
Brooklyn is almost as expensive as manhattan with way less charm.