Why Rent In NYC Is Out Of Control Right Now

[@luxuryhub1323]

I love how minimum wage increases have to be phased in to not "burden employers," but rents are allowed to double or triple overnight with zero regard for the burden on tenants.

[@eljefe5858]

@@MrGetwellsoon sorry. But are not the republicans the ones againt min. Eages rising and rent control? This is not political by the way.

[@mike-fz9el]

@@MrGetwellsoon america* in a nutshell, this phenomenon is everywhere

[@c.rutherford]

Nobody doubles or triples rent on an existing tenant and expects them to stay. Anyway I just offered a tenant a 1 year rent freeze below market to renew and they took off anyway. It was my best apartment too. I'd like to know where landlords are raking in all this unjust profit and tenants are paying it because I'm barely eating here. And I never have time to do anything but play musical chairs with apartments. I never raise rent on existing tenants and I'm constantly having to clean up after these people and fill vacancies

[@naijaplayer]

@@c.rutherford You sound like a pretty good landlord sincerely, but unfortunately many have not had the same experience. I know a lot of small landlords have struggled too, situation has sucked all around

[@JC.LC.]

Exactly. Why is the government not stopping all the corporate and Wallstreet investors....?

[@GooblyWoobly69]

Paying over 2k AND having a roommate is insane

[@chococandy1]

Thinking about that gives me a headache

[@aboutmillions]

literally !!

[@mazibukomail]

Housemate.

[@johnedd9702]

Ughh that's what i pay plus utilities

[@CCAnne]

Not allowed no short term housing or sublets now pretending it will help open apartments 🙄

[@XPaPeRxAnGeLxAiX]

This video felt hugely tone deaf to the gentrification problem caused by these same people who want to live in Manhattan and can’t. As a native New-Yorker who works $15, I find it hard to have sympathy to people making six figures who can just afford to pick up and leave to another state or country. My family has lived in the Bronx for generations and can barely afford to live here anymore because ppl who can’t live in Manhattan just move to outer boroughs and make the cost of living expensive. I understand the struggle and appreciate the perspective offered, but the video should’ve at least included native New-Yorkers and talked about the gentrification problem in NYC.

[@louisaparker]

Does your family rent your Bronx apartment or do they own it?

[@schwann1826]

Shhhh i need them to continue thinking all areas of the bronx is absolutely dangerous. Prices are creeping here smh

[@noahpeterson8513]

That's right. We should build a wall around the Bronx and make rich people pay for it. It should be illegal for anyone to move anywhere so we can finally stop gentrification. ...or just vote for city council members who want to increase the supply of housing so more people can live in NYC.

[@eddiecam1144]

Ms. Valentin... I cannot agree with you more... in the 80's I was a "cable guy"...i was still high in school...I couldn't understand why the Harlem district was under heavy construction... little did i know the poor was moving out..and the "rich" was buying up the Brownstones like hotcakes.

[@mpforeverunlimited]

15/hr? How do you live like that in ny? I make a lot more and always figured my salary is nowhere near enough for ny

[@community1949]

$4,700 for rent - that's $56,000 per year for rent - no wonder that girl's mother said she needs to buy a house.

[@jayo3074]

What house can you buy with 56k per year?? In NY?

[@OmarOsman98]

@@jayo3074That’s for the down payment you dimwit

[@amazingdeleon936]

@@jayo3074true! My Asian mother buys me a 3 million usd small house in Bronx! just sa Bungalow house 😭

[@Youdidnthearme]

With what money

[@TDMIdaho]

That girl makes over $100,000 a year and her rent is $3,500 a month. If you can’t afford $3,500 as a single person when you make minimum 10,000 a month then you are just terrible with your money.

[@Muhtadin]

The people that romanticize NY, you're stuck in an abusive relationship. Get out before it's too late.

[@jaynyce5923]

NY is the hot girl that has all the looks, glitz and glamor, and only uses you for your money. NY residents are men that brag about having the hot girl(NYC), KNOWS he’s being used but wants the recognition from social media and everyone for having the hot girl

[@Wolf.of.Gotham]

I tell people this all the time...

[@alisah2570]

I agree .

[@theoldgods8229]

Yes, NYC is now a place for the rich or upper middle class, if you are not in either of those two categories you are going to suffer and struggle

[@realjcoop182]

Once you've had NY Chinese food and Jerk chicken......it's never the same elsewhere lol. Plus MoMA and parks and bodegas

[@user-id8ng9eq9h]

I’m a life long NY’er and still love the city. But for all the young people in this video and watching the video I’ll share one thought. Keep your housing expenses as low as possible and do not get over your head. If that means you can’t live in NYC so be it. There are endless equally good or better places to live & you don’t need to be in NYC for opportunity any more. Your 20’s are critical to setting up your life, don’t put yourself in a hole.

[@v.m.4453]

THANK YOU!!!

[@LilVisionVert]

Solid advice!!! Take Heed. I'm in my 40s and I'm still paying for the things I did in my 20s and 30s!

[@MAG320]

You can't personal finance your way out of greedy rent prices... and nothing in the unit has changed... at all... for 20 years

[@BTConly391]

Factual 197%

[@stencil_ized]

Easy for you to say

[@ShutThePuck]

Landlords raising rents to offset losses during the pandemic. Will they ever lower the rents once they've recouped their losses? No. Will employers increase wages to offset the higher cost of living? No. There will eventually come a breaking point.

[@Teddy-se8qb]

trumps fault

[@ErikMello96]

@@Teddy-se8qb no….

[@zell863]

Just go out of NY. Who need that hole.

[@Outwardpd]

This is a big problem when the city just isn't meant to house that many people, the market would self-correct if the government actually allowed it to. But there are artificial limits on housing for things as trivial as 'maintaining the skyline', literally millions upon millions of units that could be built are banned because NYC attempts to maintain their skyline.

[@Mrcheesydancer]

@@Teddy-se8qb well biden isn't fixing it either...

[@armandodemiguel7989]

Im a Industrial engineer (specialized in catenaries and HIgh tension networks) worked in NY for 5-6 years. After a year of paying 3700$ for rent and having to walk each day for 40 minutes to work i decided to mae myself a stealth van. For less than a year of rent i bought myself a ford transit and made it a stealthvan during my month vacation. THE BEST INVERSION OF MY LIFE. I lived like a king. Parked rougly 10 minutes of my office, near a supermarket. And never had a problem (for 4 years parked in the same place). I Saved almost 60% of my income. INSANE. 5 years later i sold my stealth van and with the money i had saved i paid almost entirely a house in my hometown. Now im a Physics highschool teacher, earning less than half i did when i worked in NY, but i got a paid house, all afternoons free and summers off. Trust me, if you want to live in NY, Vancouver, Sanfrancisco etc etc. Get a stealthvan. trust me.

[@tubz]

do you think this is sustainable solution to the housing crisis?

[@Just-Some-Helium]

Proud for you man :)

[@armandodemiguel7989]

@@tubz Absolutly not. But it will solve your own housing crisis if you have to work in a big city.

[@bodycounter9386]

I don't think the city can handle millions of people living in stealth vans though?

[@armandodemiguel7989]

@@bodycounter9386 Maybe its exactly what the city needs. Less people fightinf for high priced apartments will eventually lower the price.

[@bakeembakeem]

I can only imagine how freaking scary this rent situation is for single parents

[@user-xn7uh5ch2z]

You don’t need to raise kids in NYC though

[@duancoviero9759]

@@user-xn7uh5ch2z but you are aware that people have children in New York just like any other locale and that they have to raise those children there?

[@user-xn7uh5ch2z]

@@duancoviero9759 Umm you can move? There are tons of places in US with lower cost of living. Like living in the most expensive area in the world isn't basic human rights

[@duancoviero9759]

@@user-xn7uh5ch2z just move? That sounds like troll talk. Nobody is JUST moving anywhere. There's gonna be extreme reactions to this type of predatory behavior. It's coming I'm sure.

[@user-xn7uh5ch2z]

How is it troll? It’s sad that rent is increasing. But how are you going to solve it? More people want to live in NY now after pandemic, so demand is high. There are many nice places to live in the US and nobody forces you to live in NYC metro area, again the most expensive area in the US. If you choose to stay there, well I hope you can afford it. I’m tired of people who deny how market works and think they deserve everything they want. Your child is probably better off somewhere else than overcrowded city anyway

[@crystalodame8747]

I like this series but i really wish there were some native New Yorkers interviewed for this. I’m a native New Yorker from the Bronx and was in the process of finding an apartment in July. The process was depressing, humiliating and disheartening. I saw over 30 apartments before i found the perfect one (thank god) and I was beaten out by so many people who had the option to “Move back home” when for me, my “Home” was what was the problem. While I appreciate the perspective here, I think this piece could have greatly benefited from the hearing about people who were born and raised here but are being pushed out on a daily basis.

[@MattG4033]

Honestly consider leaving! I've visited New York many times but I would never want to live there due to the cost of living, why live in a shoebox for 3k a month when you could literally live in a mansion for the same money in the Midwest.

[@myvids718]

@@MattG4033 people from New York don’t necessarily want a large home. I’m from New York and I like living in apartments. People from other parts of the country move to nyc and talk about how awful it is while displacing the people who are from here and want to live here. Make it make sense.

[@ianandersen265]

Life in the Midwest is so much better. Although we earn less money, our cost of living more than makes up for it.

[@HermanMunster420]

I'm also a native New Yorker, but it's true, this is a bunch of trust fund babies crying. What about the families that have been living here for generations that are being priced out of their homes?

[@HermanMunster420]

​@@MattG4033 If you're not from here we don't care what you think. Go live in the Midwest, this has nothing to do with you.

[@IvarDaigon]

I'm a middle aged man at the top of my career and I cannot even fathom what it must be like to spend $42,000 a year to pay off someone else's mortgage. That's like buying a Tesla model 3 every single year and gifting it to someone else.

[@James-vj5hz]

I would just move

[@deathlarsen7502]

@@James-vj5hz correct Captain Obvious

[@maxmx767]

They don’t want to live in The Bronx 🤣🤣

[@levelazn]

@@maxmx767 Bronx aint gentrified enough for people from outta state

[@maxmx767]

@@levelazn Facts. They crave that gentrification but then go crying about the cost of living 😂🤣

[@JohnTheMartin89]

Great video. I almost moved from Dallas to Brooklyn with a friend who currently lives out in NYC. Purchased a one way ticket and then ultimately backed out because I did not want to struggle just to survive the ridiculous pricing. Working in the music field my entire life, NYC would've been great for the opportunities, but I ultimately said my mental health and stability is more important. I'll find other opportunities eventually.

[@Mini-ge9sm]

Stay out it’s a nightmare to survive here!!

[@Lemniscate1027]

Leaving Dallas to come to this $hit hole is crazy lol

[@JohnTheMartin89]

@@Lemniscate1027it was only for work. I had music jobs lined up but even with the pay, I’d be living paycheck to paycheck. Wasn’t worth it despite the glamour job

[@-Dan-.]

I can’t imagine living in a place so actively hostile to human life

[@runescapeog4202]

forreal and some clowns enjoy that

[@midas617]

@@runescapeog4202 It's like a cult.

[@yougetaspear7799]

👏🏿👏🏿👏🏿👏🏿

[@runescapeog4202]

@@RadPitt agreed black women are hawt

[@JitzyJT]

not to mention the hate crimes black people commit on Asians and White folks....Not worth it in NYC

[@yeeb2945]

Getting an aparment for 2,250 and having that be doubled in a few months time is absolutely criminal. Most people can’t be expected to be paying double the rent they signed up for, especially minimum wage workers

[@Mu5icPr0ducer]

Not criminal at all. They signed a lease for a specified length of time at a specified amount. Once the lease ends, the landlord can rent it to whoever they want for whatever price. They’re under no obligation to rent it out to the same person.

[@lvega5606]

The landlords don't expect the tenant to be able to pay this. It's a nice way of saying, "We can get a much better return on our investment now, so please leave."

[@erismana2105]

@@Mu5icPr0ducer easy to say when you live in your mom's basement

[@narutofan4545]

@@Mu5icPr0ducer cancer

[@nedflanders5649]

@@narutofan4545 facts over feelings, those people have no legal right to live there, it is not their property. Move somewhere less popular. Nobody is denying them housing. They just got priced out.

[@kaykepop4084]

My sister in law is 30 years old and has lived her entire life in New York. She moved, after a year of planning, to a Southern state a few months ago for this very reason. She's now paying just under $1,000 per month (utilities included) for a 3 bedroom, 2 bath, semi-luxury apartment. She said she's not planning on ever living in NY again.

[@cherylthomas1268]

Unbelievable!

[@StraightGuyStraightTalk]

What city is she in.

[@miguelp2979]

What state 👀

[@bookie-t5p]

Lot of New Yorkers in North Carolina now. I know at least 3 native NYC residents who moved within the past five years and it seems like that will continue to be a trend. Really sucks that there are not more dense places to choose from.

[@Mika30041975]

TEXAS, FLORIDA, WELCOME

[@Witchy1976]

Born and raised here in NYC. I hate it here. Trying so hard to leave but feeling stuck. At least I'm seeing (based on this video), that I'm not the only one dealing with the increase in rent.

[@jhesskeeptraveling]

I hope you can find a way out soon. I know a little bit about feeling stuck.

[@johnedd9702]

Same here I would be gone if not for my job... The crime the taxes are a disgrace..But I have noticed its all Democrat runned cities and states

[@LaReginaPatrizia]

Not by any means

[@DonDon45-i5h]

90's NYC is better than today

[@ElleJae-b9q]

What challenges are you facing trying to leave ?

[@QueenLucifer777]

This is why people are living in cars, living with multiple roommates, or worse living in shelters or on the streets.

[@x77punk77x]

Have done all of the above.

[@SYDAirlineEnthusiast]

I think the hardest part of getting an affordable apartment is being accepted by the landlord even if you can actually afford it. The amount of money you have saved up is more important than your income.

[@monkeymeat2024]

How is living in a shelter worse than living in a car?

[@SYDAirlineEnthusiast]

@@monkeymeat2024 yes, I was wondering the same thing, unless your car is parked in your own private garage

[@QueenLucifer777]

@@monkeymeat2024 Drug addicts, drunkards, mentally unstable persons, filthy conditions, and abusive staff. All you have to do is search either on KZbin or Google to hear first hand from people who have lived in a shelter.

[@justinmonsanto1737]

Just a tip, DO NOT PAY MORE THAN $20 for an application for an NYC apartment. It’s actually illegal for landlords to charge more than that. This is coming from a Leasing Manager in Brooklyn

[@Number6_]

Charge for an application ! Capitalism has reached a new low. So they just turn down your app and keep your money?

[@blackdogbrown]

I recently started looking and this woman charged $35. smh

[@SYDAirlineEnthusiast]

Rutherford apartments in New Jersey charges a 100 bucks for an apartment application.

[@yvettejones4249]

Yes I saw that. One building close to me is trying to charge $250 for an application.

[@notandyvee]

Thanks for letting people know 🙏

[@KarimJovian]

I hope something changes in NYC because we are losing a lot of talent, business and companies due to these greedy prices. It’ll be too late if nothing is done about it, crime is already out of control in NYC.

[@coriebarnes8680]

You are 3000% correct. The tsunami has already begun! 🌊

[@jnowtxtnownow1294]

you guys need to just keep taking the immigrants that your states legislation asked for. welcome to the real world. this is natural.

[@DoubleDogDare54]

Your city, you voted for this mess. ENJOY.

[@loblowry6282]

losing a lot of talent but retaining a lot of outrageous landlords!

[@georgemcfly3482]

Good

[@ShoeibShargo]

She's moving to London because of high rent in NYC. Who's gonna tell her? 😭

[@Ufu4847]

Not me. Her responsibility.

[@mithicash1444]

😂

[@CristinaCarrillo-gz3xb]

Right, that made no sense lol

[@Mr._Warlight]

Because rent in London is not nearly as high as rent in NYC.

[@donotreplydumbpeople3866]

@@Mr._Warlight😂😂😂😂😂😂 okay

[@Tara-pq2jj]

I seriously lost it when she said she is moving to London because the rent prices are so high in New York. What a privilege.

[@MomasBoyOnline]

And then she displaces a native Londoner who struggles with the increasing rents due to people relocating like that, just the same way she's displaced from NYC.

[@rastamuff1]

London really is no different. The past five years has seen a substantial change in renting. She will ‘bid’ to rent a property in the same way she would have to as if she was going to actually buy a property. So even if she can afford it, there is my guarantee that she will secure a property.

[@erfgtdsfsdf6993]

@@rastamuff1 what european city is any different really? rent goes up everywhere. Living shouldnt be an object of bussiness.

[@rameramaproductions]

London housing is cheaper. But things cost more their. It’s basically the same. Way better quality of life.

[@patyvelasco23]

Hi from London, I'm actually watching this video because we are having bidding wars in London for flats too at the moment and we can't afford to live in our own city. How can we tell her this??

[@victoria_gi]

They only interviewed high earners that aren't even from here... This problem definitely exists but it looks very different for most natives. Especially when the median annual income is half of what these people are making.

[@jennpolanco7812]

Agreed. I'm a local and I could not relate. I have never paid that much in rent. Location is a key variable here.

[@PreferablyBiased]

@@jennpolanco7812 What sort of rates are you seeing in comparison?

[@jonnyturbo4]

@@PreferablyBiased rent is still around 1500-1800 for a one bedroom in the Bronx.

[@thecookingshorts]

@@jonnyturbo4 thats insane lol for 1 bed room apt 1500 -1800 usd

[@jonnyturbo4]

@@thecookingshorts you make more money in NYC. pay to play. minimum wage is double in Ny compared to most of the country.

[@CarianneRHixson]

People need to stop identifying with a place. Being broke but being able to say you live in NY is so unhealthy. edit: PS I’m from NJ/NYC area and spent years schlepping to the city just to say I worked in the city for 40-50k salary. It is absolutely an identity we hold close with great pride. Realizing this is freeing because we can slowly detach. The things we identify with often limit us. ❤️

[@truther001]

And delusional. Same with Los Angelenos. What's so great about filthy, rat infested, homeless and poverty capitol of the nation? Oh, and no water.

[@teenytinytoons]

Lol. It has nothing to do with that.

[@memesfirst6928]

@@teenytinytoons yes it does most these people who are paying these prices obviously can afford to live other places. People love to say they live in NYC on the verge of being homeless.

[@greenearthblueskies8556]

It’s like a Mental illness, no disrespect intended

[@greenearthblueskies8556]

@@teenytinytoons actually some it does

[@izagdlife]

NYC rent has always been out of control, it's just coming to limelight now. Most times it amaze me greatly the way I moved from an average lifestyle to earning over $63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities are bound in the financial markets, The only thing is to know where to focus.

[@oliviajane269]

I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.

[@nyreggie-isb23]

I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.

[@izagdlife]

@@nyreggie-isb23 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my consultant. I found him on a CNBC interview where he was featured and reached out to him afterwards. He has since provide entry and exit points on the securities I focus on. I basically follow his trade pattern and haven’t regretted doing so.

[@nyreggie-isb23]

@@izagdlife You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?

[@susanhaynes679]

Wow I can't believe you guys are discussing about Gary Mason Brooks , I once met him at a conference in California 2019, I can testify that he’s very good in trading..Highly recommended.

[@alannah412]

The fact that you guys couldn't give native New Yorkers a spotlight here is disturbing. Yes, this is a city where people believe "is the place to be" but actually being from here this crisis is absolutely soul-crushing and is pushing the people who have grown up here out of their homes, their communities, and safety. I have lived here all my life in uptown manhattan and recently had to relocate to Queens (to a room where I only got because of a friend of a friend of a family friend) because now even to find a ROOM you have to have proof of 40x income, be interviewed by the roommates and then THEY decide if you can live there or not, not to mention you're definitely getting the worst room in the place. to top it all off these rooms that are "affordable" have no windows, closets, janky walls put in bigger rooms to make them into two rooms, and no space for a full bed that you're still asked to pay sometimes over $1000 for. It's like there's no way to live here unless you can live off a twin bed, three shirts, one pair of shoes, one pair of pants, and have absolutely no hobbies. I am an artist so that is absolutely impossible for me...I've been looking to move out and I don't think it'll ever be possible for me to live alone, I'm relying on my partner to cover half so we both can have a semi-affordable space of our own... this ain't right!! edit: It's not that I don't feel bad for these guys, this is overall horrible for everyone involved, but for this video to not have any natives?! seriously?

[@777jones]

They unintentionally fully explained why rents are high. NYC attracts extremely high income young people from all over the world. People should absolutely not expect rent to be affordable in NYC. This video showed exactly why not.

[@julivanespi]

@@777jones at least someone gets it.

[@Msbuddy08sej]

Darn.

[@michaeleverest3487]

you want to talk Nativism? what tribe are you part of? let's start there and see how Native you are

[@hitzoneproductions7858]

YOU GET WHAT YOU KEEP ON VOTING FOR OVER AND OVER AGAIN. P.S. So much for being so strong and independent that you don't need help from a MAN 😂

[@nwpandp6896]

I finished watching this whole thing and that young lady saying that she paid $1,000 for an application fee has me fuming. To what in the high heavens do you need an applicant to pay you $1000 dollars for? Background checks and credit checks are not that expensive. How many people did they deny while taking their 1,000? I want to know! The Justice Department, Attorney General and any other agency needs to take a good look at that alone!

[@nb347]

People like the young lady that paid $1000 for a simple application fee are the reason why rentals are so high. She willingly spent her earnings and savings for an apartment that should have never been that expensive but as with every wealthy gentrifier coming to NYC they will learn what many of us Native New Yorkers feard happening since the early 90's.

[@dbased1915]

Just charge applications fee's for decent property at a competitive rate for rent, accept nobody then make bank off the application fee's and keep the property or dwelling vacant. Rinse and Repeat, am i missing something with this clever sick scheme?

[@milton3204]

The application fee is a way to attract the customers with money that are most willing to spend their money.

[@silentdibs]

The law limits application fees to $20. However I have personally encountered requests for $2000 DEPOSIT with application, which is fuzzier legally (they may not be allowed to collect multiple application deposits at once).

[@richard77231]

If you're talking about @11:20, she said "deposit". Deposits are not the same as application fees.

[@San-rc4ck]

I don’t have much sympathy for these people who can afford to “go to Europe until rents calm down” or a 23 year old complaining they have to move to DUMBO because the East Village is too expensive… Why did you not interview some NYers who have actually had their lives impacted and not just high earning transplants who’ve been inconvenienced after getting COVID deals?

[@habibbialikafe339]

lmao your so salty and envious. yeah they make a lot, but they also have to pay 50% more on their rent. and any profit they do get to keep is well earned. u want more money? go get a better job u bum

[@nightslasher9384]

transplant?

[@Leeloo_Dallas]

@@nightslasher9384 ppl who weren’t originally from there (NY)

[@nightslasher9384]

@@Leeloo_Dallas 😨

[@jazknight2344]

Okay first off the girl that moved to London was eating oatmeal for dinner and had to put her stuff and storage and left with a one way ticket. That’s not privilege. I’m legit in the same boat. Got an apt in 2020 for $1995 ten blocks from where she is my rent was raised to 3250. I’m currently heading to bed on an empty stomach. I’m on my last straw at this point going to put my stuff in storage and buy a one way ticket as well. Like screw you for judging people you’ve never met you can literally see the pain in her eyes.

[@avantgarden2438]

Never forget what they did to 36-year-old Derek Floyd, a hard working family man was terminated as part of New York City's effort to free up funds for the migrant crisis, and because of the stress of this he died of a heart attack. The city has ramped up its efforts to pay for housing services for thousands of migrants, therefore fired him. So sad

[@caseyjmoreno8653]

I’d love to see an episode 2 on this where you interview people working minimum wage, immigrants, or gig economy workers instead of looking at people who are working higher salary jobs. Maybe even the aspect of a student who has their parents pay for their space vs one who was born in the city and goes to college here.

[@Number6_]

Doing videos on poor people is bad for the american capitalist image. Like the Australians they would rather show you fantasy pictures of barbeques on the beach then how the average person lives.

[@정민오-w5r]

very touching..9

[@LightskinKing33]

Bruh they all make sub 80K. Im not saying it cant. get worse but its pretty bad already.

[@lvega5606]

​@@LightskinKing33i agree. Manhattan market-rate apartments are meant for 160k+ earners. But there are government programs to pay for lower income folks so that Manhattan residents have access to Starbucks, etc.

[@DanielRodriguez-bn6mg]

That’s because you pay most of their rent with your taxes.

[@johnmorrisdmd]

People REALLY need to realize at some point that big cities are for the super rich and the poor. Anything in the middle will get squeezed mercilessly forever. All of my friends who loved living in NYC in their 20s are in their late 30s now and are just...lost. Those of us who built careers in "normal" areas have nice families and homes, and are able to save and build wealth. NYC/SF are a sucker's game. And when you hit middle-age and are struggling, you will find that behind you are a new crop of 20 year olds willing to get on the treadmill that you are stepping off. Stop playing their game.

[@hmacklemore2226]

Not that easy for high-paying jobs in good fields. You need to spend some time in SF/NY to get the experience before moving to a smaller city.

[@harderway8568]

@@dry-cleaning6255 Literally.

[@johnmorrisdmd]

@@hmacklemore2226 I don't disagree, I understand that is the case for many career fields. But do it...and then get out. Don't get stuck there as a middle ager. It's brutal.

[@johnmorrisdmd]

@@dry-cleaning6255 Yep, investment banker, climbing the corporate ladder, etc. Like I said, young and poor and having fun/building experience, or on the path to being rich!

[@mikexhotmail]

@@dry-cleaning6255 indeed

[@NeverlandSystemZor]

So let me get this straight, a policy that requires 40x the rent in annual income basically punishes low income people by making them have to get a guarantor - many which cost them MORE money to pay to prove they can pay... This is brutal and regressive. It just punishes people for not earning massive amounts of money.

[@zerogravity4008]

They’re getting rid of the have nots and catering to the haves this country is on its last leg and death bed.

[@binchen6663]

Use their example. 4k apartment means u need to make 160k. 160k in nyc is 9k a month after taxes. 4k a month +utilities internet etc is 4500. That rule is basically just saying you shouldn't be paying more than half your income in living expenses. That seems pretty reasonable. It's actually 3x monthly rent in most of the United States. This isn't a ny thing.

[@cliffpadilla5871]

It's a crime.

[@ekesa07632]

I literally had to pay for 6 months rent upfront because I am a student and dont have credit score nor heritage in america (parents who could cover for me with american credit scores) to help out. Thank God I could pay that or this student year id be homeless

[@georgemcfly3482]

So what

[@StephanieMoncada-ns8rv]

I was born and raised in nyc and I can’t afford to live in my native Brooklyn or anywhere else in NYC. Salaries are more than other states yes but still not enough to live on your own. It’s depressing to know that you have to live with a group of people in order to live in NYC. Landlords are greedy and the city does nothing to fix this issue. I am just waiting to finish my masters degree in order to leave. It sucks to leave my home state but this is too much.

[@chloesogood]

I’m a born and bred Londoner and I can honestly say moving to London right now is like jumping from the pot to the frying pan! We are having an extreme cost of living crisis here, rents are also ridiculously sky high, I wish her the best because London is not easy at all!

[@shanouboubou]

It didn't seem like she was quitting her job (probably doesn't need to be in a specific place for it), so what about the fact that she's getting an American salary to live in London ? Wouldn't that make a difference for her ?

[@chloesogood]

@@shanouboubou hey, there are people on good salary’s in the UK but ultimately everyone is struggling with the cost of living crisis, the rents are sky high and it’s hard to get somewhere decent to live privately. With everything I guess there’s pros and cons..a pro being that a few years in the UK is a new experience 😁

[@GetNinged]

i thought that aswell. She can definitely afford to live in nyc with a friend if she can afford to pack all of her things and move abroad to the most expensive city in europe lol

[@That6ftChick]

I was thinking this. I live in LA and was shocked when I stayed in London for about a month. Very expensive. 😢 I do love it there though.

[@axamitidynamit]

I was gonna say that, good luck running from high rents to London of all places. Probably the worst place in Europe for that.

[@trippynoor7550]

As someone from NY, I never fathomed owning a house unless I made a six figure income or above. When I see people from other states casually saying how they bought a house at the age of 25 working a regular shmegular job, I'm so baffled and really wonder is NY even worth it anymore??

[@habibbialikafe339]

loll that is not common. most ppl ik like that actually work in nyc and buy a house elsewhere

[@JoeBoxerNo1]

no

[@danng0756]

Definitely. I was paying similar prices to live in Boston, MA and found it to be ridiculous. I own a home nearby now for the same price as the apartment rent I was paying living in Boston.

[@samlewis6615]

With these rent increases I would say Nope it's not worth it. I bought a house at 32 making 17k in Illinois very close to Chicago

[@Alex_Aramayo]

It's not worth it under Democratic rule

[@themasterofbbq1234]

I miss the days when $900 used to get you some REALLY nice apartments if you knew where to look in the other boroughs. But that was back in the 2000-2010 era. My older sister used to pay exactly that for an apartment right in front of a huge park with a nice lake and woke up to seeing it through her window everyday.

[@2023roadstervet]

2002 Two bedroom townhouse $620 a month. I miss those days.

[@julysascott3384]

Yeah times change and it's crazy how they wanted us to quickly adjust to it without a thought

[@zohramartini9425]

It is going to collapse at some point... People are just so greedy and short-termist

[@ryanshaw4250]

astoria.. mid 2000s.. we all thought the rent was high back then.

[@rolback5055]

Like with President Trump in office?

[@OGPimpin]

The biggest problem is the people keep feeding into this damaged and corrupt rental and living system.

[@johnhowellshowells8310]

It's who NYC ppl vote in to office

[@Foreign84]

Blame the dummies signing these leases

[@lorencappelson6475]

this is so true. Really. It only happens bc people agree to pay. Landlords are able to make these crazy increases bc they know they will sell the unit to so many eager ppl. And then brokers make 15% doing nothing. The system is terrible.

[@ElleJae-b9q]

Agree

[@Watchinclouds]

🎯🎯🎯

[@Toph526]

The clear display of classism and gentrification happening in US major cities is terrifying. The fact that nothing is being done to help the average citizen keep up with inflation and cost of housing is infuriating. Corporate America is willing pushing into the streets in order to fill their pockets.

[@Anonymous-nj2ow]

i dont come from a well off family but there is a house, i'll probably never sell it and work remote as long as possible. These cities are going to become black holes for rent money for years to come. Unless you get a job offer that is truly incredible, do not relocate

[@karnubawax]

And if you think the "progressives" are going to fix this, think again. It's not the rich that were kicked out of SF, it was the middle class. Despite the "eat the rich" rhetoric, the true enemy of the Left is and always has been the middle class.

[@dbased1915]

Increasing K disparity. I know guys that made millions by just owning assets (stocks and crypto) and just sitting with a thumb up the butt these past 2 years all while 10x outperforming most professionals in good paying occupations. Once you get to a high enough level the game gets easier, and allows you can overcome more setbacks

[@AdventuresnTyland]

And the more you make trying to keep up with inflation uncle same takes a bigger cut on the front and back end

[@zjeee]

I just like to point out that what you are describing is happening in major cities in blue states, I moved to a major city in a red state from NYC no regrets whatsoever.

[@arlukiii7116]

This video inadvertently shows a huge part of the problem that is not widely discussed: well off or parent subsidized 20-something transplants who show up in previously affordable areas and offer to spend way more than apartments are worth. Never negotiating, rarely shopping around, taking on roommates in a similar situation, and driving prices up in the process. As long as there is an endless supply of uptalking recent NYU grads willing to pay $2700 for a crummy 1 BR, the rents will stay high.

[@Way_Of_The_Light]

The problem is that people keep reproducing like an assembly line even though life has so many hardships and sufferings.

[@nils191]

The issue here is most people clearly has limited knowledge capital in relation to the actual causal relation here. The whitehouse economic council has more or less already grounded that one of the primary causes behind the current rent crisis, especially as a driver of homelessness, is land use regulation; zoning (CoEA 2019). Zoning deregulation is, alongside land value taxation and social housing provisions some of the most efficient and best approaches to lower housing costs than other means available, at least if we listen to the brooking institute (Schuetz 2020). In the academic literature, it's more or less an already established fact that the primary cause of high rent and housing prices is zoning regulation, rather than any "evil" landlords attempting to exploit as some people presuppose. While rent control is an attractive solution to the problem, the evidence on the consequence of rent control are largely negative. In her article, Rebecca Diamond (2018) higlights the specific long-term implications of rent regulation. One consequence is that rent control in one area, results in another area bearing the burden of the rent control. Hence, rent control will adversely affect other individuals as a result. Another consequence was, to quote: *"DMQ find that rent-controlled buildings were 8 percentage points more likely to convert to a condo than buildings in the control group. Consistent with these findings, they find that rent control led to a 15 percentage point decline in the number of renters living in treated buildings and a 25 percentage point reduction in the number of renters living in rent-controlled units, relative to 1994 levels. This large reduction in rental housing supply was driven by converting existing structures to owner-occupied condominium housing and by replacing existing structures with new construction."* The cause of this was specifically driven by how landlords react to an increased burden upon property management by rent control lowering revenues from this, without effective competitive pressures being involved. Rent control only benefit current tenants, but the issue is, people, as well as housing, is a breathing living thing, people move, people change relations, get new jobs, new people move in etc., Rent control will, if it's strict enough, adversely affect future generations negatively and exist on them as the primary bearer of the burden involved. References: The Council of Economic Advisers (2019). The State of Homelessness in America. Office of the president. trumpwhitehouse.archives.gov/wp-content/uploads/2019/09/The-State-of-Homelessness-in-America.pdf Schuetz, Jenny., (2020). To improve housing affordability, we need better alignment of zoning, taxes, and subsidies. Brookings.www.brookings.edu/policy2020/bigideas/to-improve-housing-affordability-we-need-better-alignment-of-zoning-taxes-and-subsidies/ Diamond, Rebecca., (2018). What does economic evidence tell us about the effects of rent control? Brookings. www.brookings.edu/research/what-does-economic-evidence-tell-us-about-the-effects-of-rent-control/

[@ricecakeboii94]

$2700 for a 1 bedroom isn’t a lot. Coworker spent $2800/month on a 350sq/ft studio in the Bay. I guess rents will never go down.

[@Lalita718BK]

THIS!!!!

[@ZDoreTyr]

Taking away a certain demographic is not a solution or the root of the problem IMO. You’re just pointing out your bias…😅

[@JustSRK0]

Lived in NY for 30 yrs, moving to Pennsylvania this week. I loved NY growing up as a kid and teenager, everything was anywhere and traveling was easy because of Trains and buses. Now in my early 30s, I’m done. I just want to drive around in my car without worrying about traffic or parking, enjoy BBQs In a backyard, and a spacious home. Take care NY ✌️

[@TYBG85]

Grillpilled.

[@Vnm-sh1jv]

Agreed. Did the same, but not PA.

[@adriennerobinson1180]

I hear you

[@nenmaster5218]

@@TYBG85 ...Inflation was masterfully covered by 'Some More News' and 'Climate-Town'...

[@sjlim7804]

Lived in NYC for 12 years and moved to NJ 3 years ago. I really enjoyed living in the city and had so many great memories. However, I realized that I could not save money and would never buy a house while living in NYC. It was hard for me to leave NYC, but I should have moved out earlier. This is obvious...

[@tuttuttut7758]

Cities will become unlivable once affordable housing goes. Who’s going to clean the streets, wait tables, do the teaching at schools, work as a nurse, serve your food etc..

[@sandrapalmer4744]

Yeah now closing the border. Americans better realize farmers can’t. Pay $15 a hr to work and pick there crops. So do the math. My little produce market that has been in business for over 130 yrs just closed down for no workers.

[@JamesDBlanc]

A master's degree, 6 figure income, single no pets or kids. Someone like this should EASILY be able to get a place. It's heartbreaking to see her cry over leaving. I've been in her exact position and it's beyond depressing.

[@rhuttrho88]

She needs to stay there! Don't bring her liberal voting habits anywhere else!

[@flyleelee5351]

@d[llp; d basketball Americans...that's a new one SMH

[@jonatand2045]

Thank nimbys for high prices.

[@jonatand2045]

@@rhuttrho88 Nimbys aren't what you would call liberal.

[@paulmiller6245]

Again what does liberal ideas have to with rent it is called suppy and demand

[@imsosamantherrr]

While I do feel compassion for the people in this video, I am so bothered after watching this. It is a LUXURY to be able to even consider $2500+ apartments! There are so many NATIVE New Yorkers who could not even consider that price. These people moved here and it’s entirely unfair that rent is as high as it is. What about people like myself? I was born and raised here and because of GENTRIFICATION I had to leave my neighborhood. That’s the real problem! Communities of color have been targeted and no one bats an eye, but when those who make six figures are inconvenienced we call it a crisis. There’s a larger issue here.

[@asanitheafrofuturist]

Facts!

[@daddygrace253]

You do know white is a color and there is no such thing as people of color because Asians and many Hispanics are light skin and not dark skin like people of African origin. I still prefer the term colored people.

[@mediterraneanworld]

What is a native NYer? People have moved to NY from all over the world forever. What makes anyone think that being born somewhere somehow entitles you to something more than those who come - especially in a country of immigrants - founded on the displacement of people. So much for being inclusive. People who have lived here generationally could / should have bought apartments and gotten themselves sorted as well as this issue is not new. Large industrial and mega cities always face this issue.

[@daddygrace253]

@@mediterraneanworld A native New Yorker is someone that was born and raised in New York City. A lot of cities use the term native like in Washington, D.C. Many D.C. residents including Mayor Muriel Bowser like to say, they're native Washingtonians. Bowser go as far by saying, she is a 5th generation Washingtonian. Mediterranean World, whatever city you were born in makes you a native of that city. There are many U.S. citizens that wasn't born here and this don't make them natives as U.S. citizens that were born in the U.S. I hope this helps.

[@andycalimara]

@@mediterraneanworld Yeah, no. Flew-heres aren’t native NYers.

[@joeldiramon]

Leaving this October. I’m done man I’ve tried it twice and it ain’t worth it. I lived my 20s making stupid choices like racking up credit card debt, car lease and expensive living. I’m 30 now and it’s time to rebuild. No shame in saying I’m not down to overpay or look cheap. I won’t create generational wealth like this. For any kid in college thinking about New York/ LA unless you are making 3 times your rent id say skip. Pay your loans, nothing wrong living with parents until you are on your feet. Work from home has made it possible to do more than before. Take advantage of that

[@shakurdeandre]

🙌🏾🙌🏾🙌🏾🙌🏾

[@CGKreations]

Very well said. I was born and raised in NY we went upstate NY it was getting to crazy so we went South we are living better and making the same money we did up North.

[@penagon24]

@@CGKreations Just curious, where did you live Upstate? I'm from Rochester and I know many people from NYC who came up to go to school or visit and stayed because the rent was so much cheaper. You can still find apartments for under $600 up there. Not in the greatest neighborhoods, but you can survive.

[@Ximena.Toscana]

This gentrification Is happening everywhere. I live in Mexico City, in one the most popular neighborhoods everybody loves and I’ve seen the cost of life is increasing every time as well as the rentals. Many of my neighbors had to abandoned their apartments due to these increase in prices caused by the arrival of so many digital nomads that pay in dollars and euros. Sadly, locals are getting displaced to the suburbs far from everything.

[@aminimoose3971]

As someone who makes just over 15 an hour, this is depressing. What worries me more though, is the fact of what probably comes next. Larges cities are forcing out their people, who in turn come to my lower-income area, pricing out the natives, who are forced to move away because the influx will drive the rent higher to where we can't afford it, probably to the places these people are leaving; which then allows the landlords to shoot the rent up again, and then...I honestly don't know. It's like the lower-income to middle class people are just gonna get shifted around until something finally breaks, or you end up with county-wide shanty towns.

[@Ash-op2ql]

That’s what happened to AZ. We had a bunch of Californians move out here and a huge (for us) tech boom. Lots of jobs bringing people from richer states. Now there’s no where affordable to live in the Phoenix area.

[@athenawolf4467]

Same thing happening in miami, FL unfortunately

[@deidre354]

This is what's happening nearly everywhere sadly. Look into what's happening in Boise, IDAHO....it's insane and sad.

[@johnnylego807]

*You get what you vote for!! Joe Biden* , don’t come running to a red state and bring your crap policy’s, YOU REAP WHAT YOU SOWE.

[@deidre354]

@@johnnylego807 why are you assuming I voted for him?

[@mikelrollet499]

I had this problem. I’m a college student that was paying $2600 with a roommate on the LES and they increased it to $4200, which was insane

[@snailnoodle]

Whoa... how on earth are you paying all of that??

[@thesuavewolf5605]

@@snailnoodle rich parents

[@DeezNutzzzzzzzzzzz]

@@thesuavewolf5605 so original comment needs to change it to “my parents pay” 😂

[@mesalouis8976]

Crazy!!!!

[@midnightsnack1306]

Thats way too much. 😢

[@engledelaffety4380]

I was born and live in London, it's been insanely expensive to rent (far higher than New York) for the past 10 years. The fact is "renters" are still seen as a 'youth issue' and therefore not worth any political attention. The irony is most renters are actually 33-40 years old, and earn good wages, but cannot afford to buy a home.

[@MeMe-lx2jw]

London was sold to foreigners and locals keep voting for it. Whole blocks sit empty because they were bought for no purpose other than money laundering. And Londoners call that progress. smh

[@Tam84USA]

But in London you can basically STOP paying rent for a long time, basically 6-12 months, and NO legal repercussions whatsoever. I know this for a fact since I have friends renting there (born and raised in London btw) and they stopped paying their rent 6 months ago and landlords can do NOTHING about it.

[@engledelaffety4380]

@@Tam84USA Not sure about your friend. But the law in the UK is very clear, unlike most western European countries (France, Germany, Sweden, Belguim) private renters have very little legal protection when they sign a tenancy agreement. For example, a landlord can legally kick a renter out (for no reason) with a one month written notice.

[@ratusbagus]

@@engledelaffety4380 that's rubbish. In England, both renter and landlords are bound by the short term tenancy agreement that they each sign. They each cannot terminate during the term unless they have agreed to insert a break clause or either side fails to honour that contract's terms (such as continued non-payment of rent or landlord failure to maintain). To terminate the agreement or increase the rent, landlords need to give at least 2 month's notice to NOT RENEW (I always informed them DURING previous renewal and reiterated halwway thru), whilst tenants need to give zero notice but are asked to let landlords know so that redecorating and remarketing can happen. Most often landlords are asked to consider a discretionary early release at their huge expense (and I always granted) or a short extension of some weeks that attracts a hefty tenant bill in the form of estate agent charges over which landlords have no control. To focus your mind. Many small landlords previously lived in the property, they want tenants to be as happy in it as they were, it represents their pension and they face real hardship when things go wrong.

[@engledelaffety4380]

@@ratusbagus why are you so angry? Such a bizarre response. Have a good day.

[@don-cw1yz]

Even rich people are selling their homes and moving . The taxes in New York is nuts.

[@lisapalmer4725]

Millionaires are renting instead of buying, which is another reason NYC rents are increasing

[@PinkRosePurpleMauve1]

I feel bad for the native New Yorkers that were born and raised there. This pushes them out of their own city. People coming to live in NYC despite knowing this crazy house market are just….. not making the best decisions so it is on them.

[@Charlemagnetheman]

The people I know that moved to NYC are kids with rich parents. I know a few ppl living in NY, exploring the city etc who wait tables while the parents pick up half the rent. Not good for working class New Yorkers to compete with.

[@p994able]

As a Native New Yorker, you’re spot on. During the pandemic, all the richies and tourists, etc. packed up and left. We were stuck here with the high prices.

[@OneDifferentBeauty]

@@p994able but now they're coming back and now the prices are sky rocketing.

[@Morrisneuro83]

@@Charlemagnethemanmost of those kids parents probably own properties there as well…it’s all locked down

[@maxsteele3359]

Cry me a river. What do you think happens to the market in places like Texas when rich New Yorkers or Californians move in?

[@tvariuness]

i will admit that i never thought that making over 150k would STILL mean i struggle renting in nyc.

[@mack-uv6gn]

That sucks

[@norwegianblue2017]

It's not just NYC. My sister is trying to buy a house in San Diego with a short and reasonable list of requirements. She can't find anything and her budget is $1.1 million.

[@fragmentsofthemind]

@@norwegianblue2017 requirements lmao of course she won’t. too demanding lol

[@mack-uv6gn]

@@norwegianblue2017 ouch!

[@joshuasanders6375]

For a 1 bedroom apartment with no appliances and probably a shared bathroom

[@samganbhr4802]

I live in Turkey, and we also have the same situation here. The rent is becoming insanely expensive, I have to move from my house next month because the landlord wants to rent it o someone else at a higher price. It looks like a worldwide crisis and I truly hope that this situation will change at some point.

[@MiVidaBellisima]

That’s interesting bc a lot of Americans are running to foreign countries to escape our housing crisis, there seems to be an assumption that other countries aren’t experiencing the same thing

[@smoothietime985]

@@MiVidaBellisima I live in Aussie and it’s pretty bad here……

[@ameliatorres6162]

@@MiVidaBellisima In Ecuador, we have a city on the southern region of the country and there are so many US pensioners who moved there due to affordability and now the city is amongst the most expensive in the country. Renting in the center or near the university is way too expensive, making it way harder for students and locals to move in those areas

[@futureesters]

@@MiVidaBellisima THEY ARE NOT! And if they are I assure that its not LIKE NEW YORK. This person is talking out of their..... Turkey may be going up but its NOT EVEN IN THE SAME SENTENCE AS NEW YORK. I live in Thailand and I pay $518 a month AND THAT EXPENSIVE to most here but I live in a very nice area in Bangkok. A friend of mine who left Cali is living in Chiang Mai in a high rise luxury apartment and is paying $300. But we both learned early that THE INTERNET IS YOUR FRIEND.

[@awpetersen5909]

Hopefully the inflation goes down in Turkey. That is unbearable. I gues, that is the reason, why your landlord needs to rent out for more money. Greetings from Northgermany.

[@tcswag801]

It's definitely affordable as long minimum wage in NYC goes up to $45 an hour

[@Foreign84]

😂

[@Vuvuzella16]

Funny enough, that's actually not enough; that would only earn you $90k/yr, but you needed ~$140k to have that 40x the monthly rent. So $70/hr would work!

[@kingclampz6081]

😂😂😂

[@theshepherdsdog]

more than likely double that

[@danielgareth4205]

Unfortunately: landlords would raise the rents according to the increase. What needs to happen instead is: limiting crazy rent increases in the first place by law/legislation. Landlords will always squeeze out the maximum out of the tenants

[@Dzidzeme]

Now imagine the families who have lived in those communities all their lives now having to leave. This is sad 😢

[@jlozano180]

I left, won’t look back, best thing I ever did, bye bye NY

[@rosa-thorn]

it’s not sad to leave if it not the same

[@gbake6080]

Don’t vote blue then

[@Dzidzeme]

@@gbake6080 I didn’t now what? Any other suggestions?

[@gbake6080]

@@Dzidzeme if you didn’t then you’re not to blame, thank you for voting smart. But 90% of ppl in NYC do, then they complain rent is so expensive and inflation is so high. They get what they vote for, but they’re too ignorant to change their ways 🙁

[@evan]

Landlord in the video is like “just buy a home guys! Renting is too expensive right now” Ah yes. Easy. Can’t believe no one thought of that!

[@tamarathejudeochristianmedium]

🤣

[@bruhbutwhytho]

Hey, I know you!

[@jadoon702]

No way Jose

[@jacobzindel987]

The girl who put $10k down on a $4k/month rental probably hasnt...

[@Diplomastronaut]

Just screw them over and have everyone switch to a long term Airbnb

[@dhedges1340]

My landlord tried to raise my rent over 10% to $3500 with less than 60 days on my lease. He already raised it 40% last time when my rent went from $2200 to $3100. I told him the law says you need to give me at least 60 days notice to raise my rent over 5% or not renew my lease. Still waiting to hear back. I'm sure he's just trying to figure out how to kick me out right now.

[@johnsmithsu310]

Good luck buddy

[@babblebabble9988]

let me guess, you signed a lease with 2 free months that plainly stated rent: 2800, effective rent: 2200 and are now surprised you dont get free months every year

[@rmetal2792]

That is quite sad

[@JacieWorld]

To my knowledge NY gives renters alot of protection, more than the landlords so legally I don't think he can just kick you out. Especially if you have proof that he didnt give you enough of a notice.

[@FREEMASONKILL3R]

that’s a month and a half for me

[@dr.manhattan6278]

Native NY'r here 👋🏾 Most people come to NY, complain about the sky high price, but never leave. 😂

[@felixthecat2786]

This is what millennials have been deal with their entire adult life. Every time they reach a milestone or have some success, these barriers come up that prevent us from moving forward with our lives. You're making 60,000 dollars a year and can't afford to rent an apartment?? How is that possible? When did success become so unattainable in the US? Also, I see so many stories of millennials leaving the US because it's too expensive to live in. I have to say that I have considered this many times in the last 5-10 years. I just don't see a lot of opportunity for success in the US anymore and it has me losing hope.

[@gabrielta1]

Welchen Erfolg hat Amerika bitte? Rassismus, die Schwarzen werden immer noch verfolgt, die Latinos sowieso. Es ist ein grosses aufgeblasenes Scheissland, dass den Indianern das Land weggenommen hat und jetzt aus Ausländern besteht, aber auch diese diskriminiert. Die Menschen in dieser Seifenoper haben keine Arbeitsrechte, wie Sklaven kann der Boss Sie jeden Tag entlassen, 2 Wochen Ferien, was ist dass? Die Mieten erhöht man einfach, keine Rechte als Mieter und dass in diesem grosskotzigen Scheissland, wo noch jeder Vollidiot ein Gewehr bekommt. Wo jeder ein Auto braucht, weil das Strassennetz nicht für alle zugänglich ist, Zug, Busse beispielsweise in Miami , Orlando und all die Käffer….Amerika, das Land ist ein Witz und dann diese alten, verfressenen, versoffenen, lügenden Politiker. Diese elenden Sekten, frömmigkeit, heuchelten bis zum umfallen….nein niemals

[@amab1853]

Exactly. It has been so challenging financially as a millennial especially living in a place like nyc

[@Noyojo001]

Tell that to the immigrants jumping the border lol they coming in by the thousands 🤣

[@KJ-wx2su]

I live in Washington, D.C., and make nearly $90k/year. And yet, still living in a group house because I also have $100k in student loan debt lol I probably could afford my own place, but why pay more to experience the same things and people I can experience for less? 🤷‍♂

[@r.pres.4121]

The US is a declining dying giant whose best days are long gone.

[@JerrySmith-ih9rd]

Greed has ultimately suffocated NYC. Such a shame. I lived in Park Slope Brooklyn in the 70’s through the mid 80’s when I was young and in my 20’s &30’s and feel lucky to have had the wonderful experience of being there and in the arts then. There’s a creative gritty spirit that is now gone forever because of the crush of the almighty buck.

[@alwaysme_t]

I hope this will cause more people to move and stand up for themselves. There is no way that 2100 is ok to go up randomly. NYC has always been overpriced but my goodness people can't be this docile to accept this terrible treatment

[@guitaro5000]

That's the part you are missing. When low income people move out, high income people move in. It's that simple.

[@sunkintree]

@@guitaro5000 who's scrubbing the toilets and cashiering at retail stores? Or are those people renting out closets in other people's apartments? Is that the solution?

[@guitaro5000]

@@sunkintree those people can live in New Jersey.

[@sunkintree]

@@guitaro5000 you think people want to commute an hour to New York just to clean toilets there? You know New Jersey has toilets to clean too, right?

[@SYDAirlineEnthusiast]

@@guitaro5000 New Jersey is pretty expensive to live in, especially Rutherford

[@juneladd1912]

Did no one pay attention in math class in high school or college? I mean it doesnt matter if u make $200,000 a year, if u have to spend a majority of that on rent and utilities, and 3x's as much on food, and transportation, then taxes...it doesnt leave u much to be living in a dirty, loud, dangerous, dark, dingy appartment, and battling traffic everyday...how depressing...cant see the sunshine for all the huge buildings, cant walk your dog in a nice clean, beautiful field, cant let your children be kids and go out and play or ride ther bikes, schools are a mess..u save and save all year to take a 1-2 week vacation from it all and suffer the rest of the year. Your better off living is a nice, safe, peaceful place and making $20.00 an hour, then to live like this..

[@RahYisrael99]

I'm always amazed that people are willing to pay $4,000 to borrow someone's apartment for 30 days.

[@Fudge_Fantasy]

You can buy a 5 bd house for that

[@stephaniecantu6973]

It’s easy to say sometimes you can only work in big cities if you have a specific field It’s expensive to live in said cities so you can never save up to buy a house And you can’t move anywhere else because you can’t work anywhere else So you’re stuck in this cycle

[@stephaniecantu6973]

@@Fudge_Fantasy It’s easy to say sometimes you can only work in big cities if you have a specific field It’s expensive to live in said cities so you can never save up to buy a house And you can’t move anywhere else because you can’t work anywhere else So you’re stuck in this cycle

[@cloud_9144]

Lol talk about stupidity 😂😂🤣🤣🤣

[@jonh5941]

@@Fudge_Fantasy Why would one person need a 5 bedroom home with nowhere to go or nothing within walking distance

[@jessicatatum7769]

I'm a ballet dancer and I always dreamed of moving to NYC bc it's a mecca for my industry. I gave up that dream as soon as I saw the housing prices. I hope people realize that along with lower income renters being chased out, the artists of the city are also leaving. I had at least 3 freelancing friends who have had to leave the city in the last few years.

[@quantumquestions5849]

do you understand mecca

[@jessicatatum7769]

@@quantumquestions5849 historically? Yes. Trying to use it a bit more colloquially here though. Not a perfect analogy

[@azia7894]

Don’t give up! There are a few landlords that are still good, the only thing is you might have like 3 or 4 roommates

[@snoolee7950]

yes when the rents go up up up it drives out the artists and intellectuals, first to the outskirts, and then completely out of the area.

[@mikehertz6507]

So being a freelance dancer isn't paying off. Who would have thought?

[@brandymcevoy2481]

I live in Hamilton, Ontario, Canada and this is happening here. It's crazy. I am born and raised here and if they ever sell my apartment building, I wouldn't be able to get another place here.

[@bkdarkness]

The curse of population growth.

[@andrewmccoll1582]

@@bkdarkness There's not much population growth in the US. Here in Canada, we're being swamped.

[@bkdarkness]

@@andrewmccoll1582 No they are growing a good amount as well: around 2.3 million per year versus canada's average 365 thousands since 2000. The advantage that the US has is that they have more major cities to absorb that growth unlike canada with it's handful of cities.

[@jeffdelaney8934]

@@bkdarkness you understand the U.S. is ten times the population of Canada? Work that out proportionately. Of course the number of cities is more also. Toronto, Montreal and Vancouver would easily make the top ten of U.S. cities.Try finding affordable housing in any of these cities.

[@bkdarkness]

@@jeffdelaney8934 Doesn't matter that the population size is bigger. What matters is absolute number of new required dwellings per city.

[@nevorchi]

Born and raised since 1989, Left NYC in 2018 and I'd NEVER move back. Trying to convince folks to leave is pretty difficult for a plethora of reasons, but once you leave... it's hard to justify going back.

[@deebee1109]

Agreed. We left two years ago and there’s just no way to go back, unless we want to be poorer and make life more difficult

[@ElleJae-b9q]

Where did y’all move to?

[@deebee1109]

@@ElleJae-b9q We moved to New England. It’s not as cheap as moving to, say, Ohio, but it’s cheaper than NYC and we can stay in touch with friends and family.

[@Thehouseoffail]

This is happening in Florida too. Everyone decided to move here all at once. Now rent has doubled in my area. And my parents home doubled in value, which has really messed up our property taxes.

[@soyicasweet99]

yes!!! my family is complaining about it now.

[@crystalclear9747]

Oh man FL has gotten so expensive! It is absolutely ridiculous. The condos I live in were once $1200 a month. It now cost $2800 -$3200 a month to live here. I hate it!

[@Wtfe2024]

People are tired of dealing with cold weather and snow!

[@dankelly5150]

@@crystalclear9747 With the amount of people escaping Democrat run states for Florida, I'm not surprised !!

[@peteoconnor6388]

It such a short sighted move, Florida will get much worse in the coming years.

[@PLSZNOPHOTOS]

As a NATIVE NEW YORKER, from queens NY, I Can vouch for this. This is depressing and it’s ruining the authenticity of this city. On top of these rent hikes, we also pay city , local , state and federal taxes on top of Medicare, SS, etc. I literally have 48% of my check taxed every 2 weeks. As much as I don’t want to, it’s time to go.

[@ketsiadutervil8846]

Orlando Fl we Welcome u ‼️❤️since a lot of y’all come here anyways

[@tanmaysingh267]

So glad my employer pays my rent

[@PLSZNOPHOTOS]

@@ketsiadutervil8846 Lmao id rather live in the subway then move to Florida , I’m good

[@ryanh2479]

@@PLSZNOPHOTOS This is certainly a bizarre rebuttal on some helpful advice. Anyways, if you stay in NYC long enough, the subway may be all you can afford.

[@Nancybabt]

@@ketsiadutervil8846 florida is expensive

[@playahayda9751]

“my rent went up and now i have to dig into my savings.” “my rent went up and now i have to move to london.” who can relate to this?💀

[@RahYisrael99]

My rent went up and now I'm sleeping in my vehicle seems more palpable.

[@Kozette007]

🙋🏽‍♀️ I moved to Bogota’ 🇨🇴. Doorman building with rooftop deck and gym. $300 a month

[@cosmiceyes]

The only relatable history was the woman in the 40's with no kids. The life style of the other ladies is literally out of reach to the average New Yorker who probably make their coffee and life in the Bronx 1 hour away from the coffee shop where they work.

[@realjcoop182]

Rent went up and I went homeless

[@modo1896]

Yeah sure. I have to move to Monaco right now because times are tough. But only until the Bronx becomes more affordable...

[@wendyrosee]

I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.

[@Mayor1248]

You are absolutely right I keep loosing in real trade but win in Demo. Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?

[@maureen...]

I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

[@maureen...]

Kate Floretta in stagram

[@maureen...]

Google "katefxfloretta" anywhere take classes and learn to trade.

[@vincentstewart1843]

having a mentor is also very important when it comes to Trade, with out that, it can be very frustrating.

[@combatveteranusnavy2012]

The Federal Government MUST get involved to stop this madness!!!! Rent increases like this can only cause one thing and one thing only: HOMELESSNESS!!!!!

[@dickriggles942]

There's a reason there's so much homelessness in the US. They want it to be that way to scare people into paying high rents. It's criminal like the healthcare system is now.

[@hollybigelow5337]

The problem is that if it is Government getting involved that caused part or all of this problem in the first place, the Federal Government getting involved may only make it worse. Don't get me wrong. I actually believe the Federal Government does need to get involved. But we can't just vaguely tell them to get involved without telling them how or I completely believe it will turn into a racket where the Federal Government will purposely make it worse because they are helping their rich donors get richer. From what I can see, the top two reasons rent is so out of control are: 1) Excessive government regulation. This regulation makes it impossible for good people to build good housing at decent rates. It also makes the cost of running a rental property extra expensive while still keeping it legal, and landlords will either pass those extra costs on to the renter or will have to basically shut down and close down the building. 2) Monopolies buying up all of the housing and being allowed to charge monopoly rates with no competition. The Federal Government is supposed to enforce anti-trust laws to make sure monopolies aren't destroying the market, so yes, the Federal Government absolutely has a duty to come in and stop Blackrock and Vanguard and the Chinese government from buying up most of the buildings and charging monopoly prices. However, they absolutely shouldn't come in with more regulation that drives even more of the handful of landlords that are left standing and are desperately trying to compete against Blackrock and Vanguard and the Chinese Government out of business giving the monopolies even more power. I'm sure several government officials receive large donations from Blackrock and would love to do what they can to give them even more monopoly power. They'll claim the regulations are to protect the environment or stop climate change, but when you look at the actual regulations you will realize they do nothing to protect the environment or stop climate change and they are only put in place to give the government more excuses to deny permits to competitors to the big players. Let's not let them get away with that.

[@jimcourt9164]

Errrr no…. Silly woke females should stop gravitating to NY to do silly woke jobs

[@dickriggles942]

@@hollybigelow5337 Thank you for being the mouthpiece of billionaires!

[@x77punk77x]

@@hollybigelow5337 1986 and 2016 just called and asked for their rightwing propaganda talking points back.

[@GhostnTacos]

It’s not just NYC it’s EVERYWHERE.

[@ais89x]

It really is

[@thomasvilhar7529]

No it is not.

[@rigobryant8050]

​@thomasvilhar7529 what major city isn't going through this?

[@anthonygood1335]

It's NYC and San Francisco and hardly anywhere else.

[@maimadixon5717]

@@rigobryant8050no it’s not. I live in Oklahoma and you can get townhome for 2300 a month for a three bedroom. For a 1 bed you can get 500 to 600 a month. I notice the crazy rents in New York and California which are hella heavy blue states.

[@manchuratt8900]

45% rent increase. That is just crazy. Wage increase due to inflation was about 6%. How is this sustainable for the health of the city? Employers need to start branching out to other nearby cities. Seems costly for employers to have to pay crazy wages to hire, and the workers have to pay crazy rents to live nearby. Seems like a city planning issue. Also, seems like landlords trying to see how high they can push rents. Maybe they're trying to make back what they lost in 2020.

[@zerogravity4008]

Bingo! They are.

[@NinjaWarriorDude416]

In Toronto is is very similar. I am a landlord and I rent out a 660 Sqft condo 1+1 for $2750. My mortgage is just $390 bi weekly. I am just keeping up with market value in my building. I find the market crazy for renters, I kinda feel sorry for them. i suggest you buy. Before I bought my first property, I rented rooms for $350 and a shared basement apt for like $400-$500 a month, lived very humbly until I was able o save 20% on a $150k 398 Sqft one bed room condo. Sold that for like $235k a couple years after... then bought a couple more. Now I am in a million dollar condo. Renting does not make sense. Live with your parents or rent a room.

[@LluviadeOrugas]

I own a building just half an hour away from Manhattan, and I rent out 2 bedroom apartments for $1,300/month. Those people should move to a cheaper area or stop complaining!

[@bird6472]

Had an offer for a Fintech company in NYC and almost accepted and moved there 10 months ago. Since then, many fintech companies have crashed and NYC rent doubled. I'm so glad I chose another offer.

[@FinancialShinanigan]

if you're paying that much in rent, it's a severe hurdle to your financial growth.

[@aaronsteven8961]

They could have bought a house and pay mortgage and they still wouldn't be paying that much for mortgage.

[@fragmentsofthemind]

they also wouldn’t have a job in the city that pays equal to afford a house in a lower tier city. if they work in a lower tier city, they aren’t being paid what could buy them a house in that area as well, it’s all relative.

[@dynamichunter843]

@@fragmentsofthemind there are still much better housing to income ratios. Almost any mid size city in the US. Like Columbus, Cleveland, Raleigh, Philly, Nashville, Indianapolis, San Antonio, Atlanta… But people pay a premium cause they want to live in NYC

[@fragmentsofthemind]

@@dynamichunter843 it’s literally called the nyc premium cause no place is like it lol. it’s been that way for ages, why do millennials think they are special?

[@baldeagle4710]

Rent is sometimes necessary if you are going to school outside of your home town or if you’re pursuing an opportunity that your home town doesn’t offer

[@m77ast]

The third lady that lost her job is a really strong woman. You can see that she is really struggling physically and mentally.

[@alfredtaylor1181]

As a UK renter hearing someone say they're thinking of moving to London in order save on rent is actually insane.

[@mightguy3118]

NYC is more expensive than Landon. At least in London you don't have to make 40X the rent

[@misssincere5762]

Then they have the audacity to advertise jobs that pay $50,000 a year!😭

[@Leobynight]

I left nyc in 2018 best decision I've ever made

[@michc8751]

Or less.

[@krystalmarie5637]

@@Leobynight Where are you now?

[@Leobynight]

@@krystalmarie5637 Hawaii

[@Bachconcertos]

Where did u go?

[@debraj8665]

When I left NY 20 yrs ago my rent was 932. I miss all the conveniences NY city offers but I do not regret leaving.

[@beebeetee2926]

That is the ONLY thing at this point that NYC has going for it, CONVENIENCE.

[@cottonhairedaesthetic2005]

I was conveniently mugged 😃

[@MJ-vt4nb]

That's wild because 932 today would be sooooo much of a steal.

[@IlikepurpleXP]

Rent started hiking steeply around 2008 I feel. I remember my family paying $500-800 in my childhood apartament and we decided to move to a 2br and that ended up being $1600 in 2008 but at the time studios were $800-900 and 1brs were $900-1200.

[@gino2591]

Where you live now?

[@flavoursofsound]

Cities don’t just magically run themselves. They still need service workers, whom often aren’t paid nowhere near the asking rates of apartments, or even flatshares. Something will have to give sooner or later.

[@jeffbrunswick5511]

You just end up like Rio, with illegal slums run by gangs that shoot at the government if they try to destroy their homes.

[@Missriyyah123]

That’s what I’m saying it’s going to collapse it has too

[@LydiaCaster]

My first assumption is that more and more people who do those jobs have multiple (part-time) jobs, live in motels, on campgrounds etc.

[@antonioinoa6961]

I’m surprised you caught that lol this is a balloon waiting to pop.

[@habibbialikafe339]

the service workers are absolutely atrocious, they don't deserve more than they are getting. prices for food and all that is already way too much.

[@5duece4tre]

This is happening everywhere. I am in NC and luckily i got my new house at the beginning of the Housing spike before prices got crazy in 2021. Even though the costs of living is different where we all are, we are all in the same boat.

[@aj4377]

Watching this makes me want to write a Thank You letter to my property manager for not raising my rent. Been paying the same $1400 since 2019 in Chicago. NYC is wild for pricing their citizens out like that.

[@Lulu-xf8iy]

I sold my condo in Chicago during the pandemic, rented in the West Loop for a year, paying $2200 for a studio. And it’s not NYC. It was not worth the price or stress for paying that much money. So glad to be out of there. Looking for the best city in the world to live next.

[@nihaokellar180]

Chicago is way better than NYC. I think a lot of people don't realize that Chicago is basically a cleaner, more affordable NYC.

[@Luv-dq5th]

@@nihaokellar180 Chicago is still pretty expensive

[@TheRenegadeStarr]

I live in Chicago too. Mines $1327, Gold Coast area. Been in Chicago 10’years this fall. And 3 years in this area. I’ve met a few ppl from NYC that have moved here and they love it. I’m a Chicagoan. If Chicago wasn’t a thing I think I’d be in NYC. My rent hasn’t went up either where I live and I recently moved in the same neighborhood here just for better building management and my rent is still manageable.

[@TheRenegadeStarr]

@@Lulu-xf8iy I’ve been in studios in Chicago for the last maybe 5ish years and never paid over $2000. I’ve seen some nice stuff for $1800 you were ripping yourself off in this city.

[@love184em]

If people are willing to pay an outrageous price for rent, then the rent will continuously increase to exorbitant rates.

[@CeeTeeUSA]

I hope people can leave town for better lives. When enough leave, a huge price correction will have to occur. NYC real estate is overpriced. NYC is not the place to be anymore. The 80s are over..

[@eyespy3001]

I’m a born and bred NYer and have seen trends in the market for over 40 years. When the whole Williamsburg thing happened in the late 90’s/early 00’s, a humongous shift occurred. Once landlords realized that out-of-towners would be willing to pay $1,000+ a month for literally *any* space in a particular area code, rent pricing was forever changed. It has basically been price-gouging ever since. And there will always be some rich kid willing to pay whatever amount for an apartment in NYC.

[@CeruleanAnthracite]

@@eyespy3001 I don't see why landlords should be blamed when people are willing to pay whatever for a zip code because it's cool.

[@izdatsumcp]

@@eyespy3001 I suppose a rich out-of-towner shouldn't be allowed to move where he wants.

[@craigwiggins8287]

@@CeeTeeUSA FACTS!!!

[@KiriB]

As someone who is currently moving cause the landlord just increased rent, this video is SO ACCURATE. It is nuts how much I’m expected to pay for a shoebox 5-story walkup with very uneven floors, no living room, in a neighborhood where rats have literally started walking up to me on the sidewalk. And I’m expected to live here because my job wants us in the office two days a week for no reason. We went remote during COVID and did our jobs just fine. Now we have to be in the office to help promote a good “work culture.” NYC sometimes feels like an abusive relationship. NYC makes you think this is normal until you live in other cities and realize it’s not.

[@Yandel21ableify]

Move out, NYC is not worth it

[@TigerGreene]

@MikeN Ike Lol the liberals are coming! Your state is gonna flip blue hahah!

[@MAfanwoods37]

Get out!!! Real estate will collapse. Commercial will be worse! The cost for crime, filth, rats and regulations not worth it! NY is over. It will never be real NY again. NY got poorer as big money has left and will.

[@TheCarlinCoop]

@@TigerGreene and you think that’s a good thing?! Look at all the blue states with their crappy policies has caused this and the reason so many are flocking in thousands to go to red states where they can actually live. These people need to realize it’s bc of them they are paying sky high prices. They can move but don’t bring their politics with them

[@dickriggles942]

You could...have no job! LOL. Entitled...

[@samiryahiaoui]

I have been a New Yorker for 22 years and this is my last year in the city. Even if I still can afford the rent, it does not make financial sense to spend that money on rent.

[@GuruFernandez]

I’m holding onto my rent-stabilized apartment for dear life, hate to see this many people going through challenges just finding a place to stay.

[@AJR-zg2py]

Same here. I don't live in NY but my rent can only increase by an average of 2% per year. Gotta love paying $750/mth when my apartment can easily go for $950-1000/mth. Started renting in 2013 at $700/mth... and unless I get a six-figure job, I'll be living in this 350sq.ft shoebox until the day I die lol I can't afford to live anywhere else.

[@vanderumd11]

@@AJR-zg2py sad..you can always work harder or in a better industry

[@coriebarnes8680]

@@vanderumd11 That's a very judgemental statement. You have NO IDEA what this person's life is like or the circumstances that surround it. Saying someone can work harder or in a better industry shows you are outta touch with reality. This person might be disabled. Or might be taking care of a sick relative which prohibits them from moving. WHAT industry can people realistically jump into nowadays where you don't need to have the education and experience? The job market is still very competitive in a lot of fields. If you're not an entrepreneur, it's tough to break into new industries these days. I'm speaking from experience and observation. I know people who would love to change careers but simply can't because of their shortcomings. And after the pandemic, employees lost their negotiating power, so it's not easy to just work harder. That will only help you keep your job at its current standing. But you won't be getting promoted or a raise in salary. 😔 We are living in different times and each city is different when it comes to these things.

[@vanderumd11]

@@coriebarnes8680 it has NEVER been easier. Simple population math and job openings in specific industries specifically the trades like I'm in. Your point that these successful industries should be easy is stupid. Again, you're one of those full of excuses. The men I train cannot have any and I can take them to making $120k+ in 3 years minimum. You can Google jobs and know exactly what industry to go in. The internet is free in America. If you're poor the gov gives funding. MOST PEOPLE ARE LAZY and do not even apply for education grants. I worked two jobs and put myself through college working full time. Being a lazy crybaby just makes people in my career more secure.. these same people would turn down storm pay at $130 per hour.

[@lodxmas]

Imagine making 6 figures a year and still have to eat oatmeal to save money. She is living a minimum wage life while having an amazing salary.

[@lexsado122]

I just moved out of NYC for this exact reason. Its because of practices like demanding a guarantor and requiring 40x the rent that is absolutely ruining the diversity and essence of nyc. People that have lived there for their entire lives are being forced out. Good for her for moving to London!

[@coolerking7427]

Your the only smart one on here.

[@N3VLYNNN]

London is the most expensive city in Europe lol...I have no idea why she would go there of all places. It's probably a little pricier than NYC, especially with the GBP conversion. Vienna or Berlin would be a better match, if not a countryside on the outskirts of a major city.

[@Dedette1966]

She should move to Portugal, Mexico or Barbados instead. London and the entire United Kingdom have a very high cost of living, which has only worsened since COVID and since the UK made the bad decision of leaving the European Union. I want that young woman to stop blaming herself for not being able to afford NYC. Both NY and the United States are to blame for citizens leaving to seek a better quality of life. Everyone in the USA deserves at least the quality of life found in every rich democracy, including universal healthcare, universal education, minimum living wage and regulation of the private sector to prevent price gouging that we see in the US rental market.

[@ryanh2479]

@@N3VLYNNN I would have booked a flight to Bangkok and never looked back, especially if Im getting 6 figures to work from my home in pajamas

[@SE-gs6gd]

@@N3VLYNNN she probably has family there. I dont think it was random

[@dominicdo2719]

The part when they talked about rent going down and the normalization in the market was hilarious. If rent goes down for any reason making it so you can just afford maybe moving there isn't a great idea cause the rent is gonna go up again and price you out. My sister moved to a big city during the pandemic and has gotten a great deal on her lease and a month or 2 free rent. Now she can't afford her place and is actively looking for a new place with a friend(cuz they both got priced out of their apartments) and worst case scenario is she moves back home. This isn't just a New York problem but a big city problem in general its just that New York takes it to the extreme.

[@alexissxu]

LOL I feel bad for Thelma...London is in the same situation as NYC

[@234567kenny]

It’s wild to me that these people struggle to pay rent but with their incomes, they could have insane amounts of property in 95% of the US

[@MHouston602]

Six figures doesn’t get you much unless you live in a small town. Even where my parents live (a very small town in NC), houses are still a lot. They could probably have a decent home of around 1200-1800 sq ft, but if they moved away from NYC they wouldn’t be making that much. Six figures, if it’s low six figures doesn’t buy as much as you’d think.

[@thecogship3459]

@@MHouston602 I think there is some kind of problem if they can make 6 figures, ONLY in NYC.

[@femalerick4513]

@@thecogship3459 that's how it works. The company will adjust your salary based on the cost of living in your area. Higher cost of living means higher salary but after you pay your bills you might not have that much left. If you try to move to a cheaper city, many companies will cut your salary and justify it by saying that the new area is cheaper so you don't need to make as much as someone in NY. Usually it's better to stay even if the cost is high because you get access to more opportunities.

[@marysuckafreechic9006]

Not every college graduate has career opportunities elsewhere! Sometimes your degree may have qualifications where you don’t want to live!

[@Gurl_04739]

You know those ppl are dumb, stubborn and immature when they are in a tiny crammed one bedroom, that cost double a mortgage in another location and eat oatmeal for dinner, just for the idea of living a privileged lifestyle .

[@lunaskye621]

I find it sad that the one lady left for a whole different country. Housing prices here in the UK are insane and London is terrible in this regard. I hope she was able to gain somewhere cheaper to live.

[@coupleofbeers31]

I lived in NYC from 2002 to 2012 and it was expensive back then too, but you could find a somewhat affordable apartment in the outer boroughs or through a reference from friends or family. As the years passed by I noticed the rent skyrocketing. That was years ago now it's way worse.

[@maywalker997]

I live in London right now and my landlord is raising the rent at the end of my contract by £500 ($590) pcm. Not only is that a huge jump in rent, but combined with the rapidly rising cost of living its even worse. Rental prices have gone up on average 13.5% in the city this year and they're talking about 18% inflation next year (though I wouldn't be surprised if it hits 25%). I feel like there's a lot of greedy landlords making a big buck out of this and its only going to get worse.

[@maxinef6654]

She should have moved to Brooklyn. Still would have access to NYC

[@MeMe-lx2jw]

@@maxinef6654 Brooklyn's expensive, too. Maybe Staten Island might have some affordable homes, but everywhere else is crazy.

[@justwood390]

How would that even work Visa wise.

[@howwelearngrowdaily]

I love my money way more than I love any city that is literally robbing you through rent increases. The greed is disgusting 😒.

[@vanderumd11]

It's not greed when the building is 75M dollars

[@howwelearngrowdaily]

@@vanderumd11 It's greed. Why anyone lives there under those circumstances is beyond me. Those prices are for multi-million dollar earners who can afford it...not regular working people. It's ridiculous 😒.

[@vanderumd11]

@@howwelearngrowdaily right. So live within your means. It's so simple. If a company wants to charge market rate for a product you have an option to buy

[@howwelearngrowdaily]

@@vanderumd11 I've never had an issue with living within my means which is why I will never live in NY....it's way too expensive.

[@vanderumd11]

@@howwelearngrowdaily EXACTLY. We have gotten to a delusional spoiled society of self described "success" stories. These people never worked hard to achieve and live completely stupid lifestyles and people like you make excuses. We both know that paying to live next to millionaires is a privilege, not a right. If someone wanted to live in my neighborhood they would be paying $5k like the rest of us OR they would need to live somewhere else

[@homeboy391]

Very simple: do not live there. Leave. Get a job somewhere else. If you can't afford Starbuck's coffee, don't buy Starbuck's coffee

[@alenarodriguez9970]

This is my story too. Lived in Manhattan during COVID then my rent skyrocketed and I got laid off. I had to put all my stuff in storage and move in with a friend in NJ. Going from living in the center of Manhattan, where there is so much life and movement, to being unemployed has precipitated a deep depression and anxiety. And now I've been having a hard time finding jobs. Most days are a struggle. Now working on starting my own administrative consulting business to create something of my own. Open to suggestions and encouragement.

[@coriebarnes8680]

@Alena Rodriguez Hard times fall on everyone at some point in their lives. It builds character and makes you stronger. Think of this as a temporary situation because it is. This chapter will not last forever. The page will be turned to a new chapter. You are determined to find a new job and get back on your feet financially. You are not alone. Your situation is happening to so many in NYC. My advice: Pray for guidance. As much as you probably love and want to be in the NYC area, you should really consider moving to another great city in the US that's affordable. You would be surprised at the better quality of life you would have. It's wonderful to have money to travel and savings. You can always move back to NYC later in life if you choose. Maybe by then things will be better and you can enjoy your life there again. You can only go up from here. Wishing you all the Best. 🤗 💜

[@MillaJ100]

Sending love- this too shall pass❤️

[@amelb6247]

I live in the UK. And I don’t understand why people insist on living in NYC. You would probably be happier in a smaller city don’t you think ?

[@xislis6037]

I live in the suburbs of the Twin Cities in MN and love it here. My parents moved us out of San Diego, Ca more than 20 years ago, when it stopped being affordable to live there and it was the best decision ever. I would never move back. I have a beautiful 5 bedroom 4 bathroom house for less than $2500 mth/ mortgage. There are plenty of jobs here and we also have a great food and entertainment scene, as well as clean air. I think the only way to control skyrocketing prices, is to bring down the hype of NYC and move elsewhere. Esp, there are a lot of wfh opportunuties.

[@nigerjenkins6372]

God got u we are all going thur Jesus got us just pray

[@rwg2115]

Of all the places in Europe, Thelma chooses the most expensive city on the entire continent that's currently experiencing a cost of living crisis as well as a rail worker's strike. And at best, she'll only be able to stay legally for six months unless she gets some sort of visa. There are plenty of beautiful, affordable cities in England and the UK as a whole and she could have even gone for one of the numerous digital nomad visas (Iceland, Greece, Croatia, Romania, Malta) and lowered her living costs even more.

[@ujmm]

firstly, London is far from the most expensive city in Europe, both looking at cost of living and cost of living adjusted for median local purchasing power. It's not in the top 10 on either. Secondly, she already choose New york a couple years ago and it was not a low-budget choice back then either. So she might be a bit picky. If your finances stay the same wherever you move, then Basel and Zurich are the most expensive in Europe. If you get a median locally earned net salary then London is still cheaper than about 120 European cities currently.

[@tmit9992]

@@ujmm you were looking on internet to research that ??😂

[@ujmm]

@@tmit9992 didn't need to. I've researched this recently, so I already know roughly where major European cities are ranked when it comes to the cost of living.

[@tmit9992]

@@ujmm you researched I live in them.... So I can tell you your research is a nonsense

[@ujmm]

@@tmit9992 Interesting, Tell me specifically what's wrong. This is related to my work, so there is something wrong with the official numbers we are receiving then.

[@nicoleeex3]

As a NYC Native (born and raised), I had moved out in May of 2021, and am never planning on going back. The absurd prices for rent were too expensive even before the pandemic, but now they are outrageous.

[@shanny3938]

I left in 2003. Things were never the same after 9/11.

[@rickyticky3350]

Yes but most move out to NJ

[@braetonwilson4296]

why not move to a rent controlled apartment? that has cheap rent, right?

[@dnlgrmn7169]

@@braetonwilson4296 waiting list, and availability.

[@YogaBlissDance]

@@braetonwilson4296 Hellow B. not how that works! ONce the last tenant in rent controlled moves up I"m pretty sure it goes to market rate. They are basically grandfathered in so you might get it from a parent but pretty sure they are legacy. Like my mom had one, when she died and all related moved out-me cause I didn't want to live that far north in Bronx- apt goes to market rate.

[@reiniergarcia]

Here in Miami a lot of people expend like 85% of their income just in rent. Rent cost here is super high. And it’s getting even higher because of so many people arriving from Commifornia and New Yuck.

[@teeski693]

Important to know that by increasing rents, owners increase the value of the building (value is based on rents) and then they can either sell that building or refinance it and pull money out to buy another building. Their motivation is simply money. As long as that is the case and they can find people to pay higher rents, they will push those rents sky high.

[@jonatand2045]

If rents are higher, there is an incentive to build more, which means lower prices. That if nimbys don't block new developments.

[@donnab.333]

Right!!!

[@ZentaBon]

@@jonatand2045 nimbys always block new developments ugh

[@johnnylego807]

*You get what you vote for!! Joe Biden* , don’t come running to a red state and bring your crap policy’s, YOU REAP WHAT YOU SOWE.

[@chadtheall682]

That's literally why I laughed when the Landlord they interviewed was like "It was really hard for me as a Landlord" PFFTTT!!!! x"D Sure it was.....

[@farhanpatwary9345]

" If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations will deprive the people of all property."-Thomas Jefferson.

[@sparklysparks77]

I believe it gets worse: ....until their children wake up homeless on the continent their Fathers conquered... I am not sure if he really said that too, but it's kind of scary if you ask me.

[@patty3451]

I moved to New York City more than 5 years ago, and now I am ready to go. Not only is it too expensive to live here, it is mentally unhealthy. However, I believe New York City is an amazing place, so much culture, opportunity and diversity. I can always visit,

[@Timeless_Essence]

and also low quality of life. places like ny and la are going to be visit towns

[@PinoyAbnoy]

is it still expensive even if you dont make minimum wage salary

[@JDeeva2012]

@@PinoyAbnoy yes! I make 6 figures. It’s still expensive.

[@Jame6999]

I grew up in NYC, glad I left. Now I can't stand being in NY, YUCK 🤮

[@johnnylego807]

*You get what you vote for!! Joe Biden* , don’t come running to a red state and bring your bad bad policy’s, YOU REAP WHAT YOU SOWE.

[@YourRichAuntie]

I live in San Francisco - so I understand what these people are experiencing. I never lived in rent controlled buildings and was glad of it - it constantly forced me to evaluate my living situation against buying. I know people that have lived in rent control for decades and the apartment is poorly maintained (why would the landlord put any money in to it??) and it's ultimately held the person back in their lives. They feel bound to some crumbling rent control shanty apartment because if they lost the rent controlled apartment they'd have to leave the bay area. People turned down better jobs in different areas, international opportunities and all sorts of chance life opportunities to keep a rent controlled crap apartment. When the building finally turns over because the landlord dies or sells, instead of being able to move on with the money they saved and purchase a home, they're in a lurch because they never saved anything and believed the rent controlled situation would continue forever. I've seen a few smart folks that used rent control to save for a home downpayment, but it's rare. Rent is high, I get it - and I do believe in rent control for certain populations (vulnerable people, elderly people, etc - which would likely lead to housing discrimination against these groups, I know) but rent controlling all units leads to problems in the overall market and these enormous rent jumps.