Most NYC Residents Can Barely Pay Their Rent

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THIRTEEN

THIRTEEN

Күн бұрын

Пікірлер: 258
@ThirteenWNET
@ThirteenWNET 2 ай бұрын
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@tatianastarcic
@tatianastarcic Ай бұрын
"Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
@winifred-k9e
@winifred-k9e Ай бұрын
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
@hoosier-daddy-wv5gi
@hoosier-daddy-wv5gi Ай бұрын
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
@JacobsErick-u8r
@JacobsErick-u8r Ай бұрын
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@hoosier-daddy-wv5gi
@hoosier-daddy-wv5gi Ай бұрын
Her name is “Melissa Terri Swayne” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@amoreauMike-t6z
@amoreauMike-t6z Ай бұрын
Wow, her track record looks really good from what I found online.i just messaged her, let's see how it goes. Thanks for the info
@Legendsofrain
@Legendsofrain 2 ай бұрын
37 yo, born and raised in Brooklyn. Grew up in East Flatbush and have been living in Fort Greene for 12 and a half years. This is MY story. Really appreciate the first-hand perspectives of those who are in the same boat, and the insights on what we should be looking for in our elected officials.
@studzmalone2550
@studzmalone2550 2 ай бұрын
Shout out to E Flatbush ❤️ ps 268! And Wingate (sigh) lol
@annielin2894
@annielin2894 2 ай бұрын
It’s no apartment to be found
@TheCoachRC
@TheCoachRC 2 ай бұрын
@@annielin2894 Relocate to the Bronx. It's the least expensive county to live in. Mark my words.
@SL-lz9jr
@SL-lz9jr 2 ай бұрын
I’m from San Francisco, another equally expensive city. I moved to NYC in 2017 and I remember my friend lived in a one bedroom in Kensington for $1500 and another friend lived in UES for $1600. At the time, that was still high but nowadays I can’t find anything under $3000 a month. Meanwhile, my salary hasn’t changed a whole lot in this time period. I couldn’t understand it. I even tried looking further east but I draw the line at Crown Heights, BedStuy, etc. Any further east and I may as well live on Long Island. I kept thinking what am I doing wrong. Why can’t I afford anything. The comparison of the median rent in what used to be an affordable BK neighborhood helped me see I’m not doing anything wrong. Rent more than doubled in less than a decade while income hasn’t increased much at all. Wowowwow
@tdon39
@tdon39 2 ай бұрын
$2800 for rent ? Insane
@Passionatelyfruits
@Passionatelyfruits 2 ай бұрын
List of Guarantee: Taxes Death Rent Increase
@romeysiamese6662
@romeysiamese6662 2 ай бұрын
Paying that in Fla for lil house. 😢
@tdon39
@tdon39 2 ай бұрын
@@romeysiamese6662 True indeed
@lovewenwin
@lovewenwin 2 ай бұрын
For a 1 bedroom apartment with little amenities
@lovewenwin
@lovewenwin 2 ай бұрын
For a 1 bed 1 bath, little amenities
@foxroxy86
@foxroxy86 2 ай бұрын
The problem is multifaceted. The corporate interest in the rental market has ruined everything. Landlords leave units empty creating a false scarcity. Then they just increase the rents to make more money rather than renting out everything. There’s also no competition anymore. Landlords can just keep all the prices high due to fixed pricing. When we get wall street out of services need to live, things will be better.
@odemata87
@odemata87 2 ай бұрын
Indeed! Many of NYC politicians have heavy investment in real estate, so how can one expect for them to regulate against this earnings
@Drownedinblood
@Drownedinblood 2 ай бұрын
Isn't this the same situation as in HK? We heading to chicken coop levels?
@felixthecat2786
@felixthecat2786 2 ай бұрын
The worst thing we ever did was allow corporations to buy up America's real estate. It's directly to blame for this issue. People talk about zoning issues and "not having enough inventory," but this is all corporate propaganda. I'm totally for revamping our zoning laws and agree that it causes a lot of housing shortage problems. The true culprit is the cult of corporation that wanted to turn the real estate market into a new stock market.
@diamonds0613
@diamonds0613 2 ай бұрын
I recently met someone and they were telling me how their friend lives in the Village. He said they pay $4000 in rent and their salary is around $140k. Do the math!! Wild!!
@RooRoove
@RooRoove 2 ай бұрын
I did the math. That rent is still nearly half their income. 💀 And that doesn't even include taxes.
@Drownedinblood
@Drownedinblood 2 ай бұрын
He could find cheaper rent elsewhere though, not saying it should be 4k but the village is seen as a pretty desirable place to live and he's making 140k..
@diamonds0613
@diamonds0613 2 ай бұрын
@@DrownedinbloodI imagine he could do that, most likely this person is not from NY. I don’t know many native New Yorkers that would pay $4k to live in the village. Even in Brooklyn they have 1 bedrooms starting at $3000 it’s really disgusting.
@rushrush1209
@rushrush1209 2 ай бұрын
If you make $140K a year, then $4K a month is very doable and you don't have to eat ramen noodles. But if you make in the 5 digit range, then $4000 monthly rent is way too much. Pray for not getting laid off.
@cammieg4381
@cammieg4381 2 ай бұрын
Of course exorbitant rent prices and increases isn't limited to 'just' NYC - it's way out west in towns under 250,000 with nothing under $1500 for a 2-bedroom unless you qualify for low-income, then the waiting list is up to two years. The problem is nation-wide. 🙄
@sicilianknicca_mickygreeneyes
@sicilianknicca_mickygreeneyes 2 ай бұрын
no the problem began with u all peckerwood crackas out west
@officialalonzo263
@officialalonzo263 2 ай бұрын
Dealing with the same thing in DC, rent is absolutely insane!💔
@TheCoachRC
@TheCoachRC 2 ай бұрын
Don't forget California--especially in Los Angeles and San Francisco.
@martiallife4136
@martiallife4136 2 ай бұрын
Many buildings are owned by corporations now. They are very profit driven.
@RooRoove
@RooRoove 2 ай бұрын
I live in a rented room with rent < $1K. I'd love to have my own apartment, but I'm in no hurry to move out for obvious reasons.
@kimgardner2281
@kimgardner2281 2 ай бұрын
A relative was evicted. The building was replaced my modern building, which has remained vacant for the past four years.
@TheCoachRC
@TheCoachRC 2 ай бұрын
Wow!!! Four years? What the heck happened? Let me guess; the rent is TOO DAMN HIGH!!!
@DejiiJones_
@DejiiJones_ 2 ай бұрын
Where was this ?
@kimgardner2281
@kimgardner2281 2 ай бұрын
@@DejiiJones_ Bedford Stuyvesant
@jonetgames
@jonetgames 2 ай бұрын
The part about people not voting if they can't change their address due to housing instability is eye opening and something I never thought about until now. It also made me realized just now that my nephew has never voted. I kinda forgot being able to vote is tied to where you live/what your documented address is. He lived in new york and registered to vote there, but he moved with my sister to Connecticut. For years we've been getting his mail telling him to go vote, and I'm only just now realizing this means he never updated his voting address, and so he hasn't been able to vote this whole time because he hardly visits nyc anymore. He is the type to "not vote for anyone" but I also think it's due to laziness or not knowing how to change your registration. I'll ask him about it when I see him next.
@thebudgeteconomist
@thebudgeteconomist 2 ай бұрын
Sorry to break it to you but no. If he hasn’t voted its because he doesn’t want to. He could’ve registered in CT when he moved. If changing address is “too much work” he could apply for absentee ballot if he still has a valid NY ID but he’ll have to actually show up to NY to cast a vote. I think you’re own the right track when you mention laziness. We’re talking maybe 1 day at the dmv and a few minutes online.
@odemata87
@odemata87 2 ай бұрын
Low voter turnout benefits one political party over the other
@felixthecat2786
@felixthecat2786 2 ай бұрын
Can we vote to stop wall street investors from stealing all of the housing? Why is that never on the table
@raysmith1026
@raysmith1026 2 ай бұрын
Same thing in Boston and it’s ridiculous.
@ChaseyIsthabomb
@ChaseyIsthabomb 2 ай бұрын
My total comp is almost 200k, and it feels like a lot of NYC is even unaffordable for me. If I'm in the 96% of income and feeling it, who is the city for? There needs to be some serious looks into what is driving up rents. I think that there should be some serious looks into these rent setting software companies like RealPage. There are about 3 rent price setting software companies that are used by nearly every landlord. You can see situations where like 90% of rentals in Boerum Hill could have their rent set by the same company. Absolutely wild & dangerous economic systems.
@DejiiJones_
@DejiiJones_ 2 ай бұрын
🤔🤔🤔 You make 200k and struggling ..sounds like you problem honestly learn better money management
@ChaseyIsthabomb
@ChaseyIsthabomb 2 ай бұрын
I didn't say I was struggling. I said that it seems unaffordable, which with savings goals is partially true. $3k a month to not have roommates in a desirable part of the city means you need to make at least 120k a year to afford it. Realistically you probably want a bit more than that to be financially responsible. The average person in NYC isn't making 120k a year.
@PailFace1948X
@PailFace1948X 2 ай бұрын
Many ppl living in Flatbush on various government programs. Also if your apartment is rent stabilized the rent should rise slowly every 1 or 2 years. Get a report of rent history from HDCR.👍🏻
@freckles2720
@freckles2720 2 ай бұрын
What about the taxes?
@PailFace1948X
@PailFace1948X 2 ай бұрын
@@freckles2720 what about the taxes?
@rodgibelfond7463
@rodgibelfond7463 2 ай бұрын
I grew up in Flatbush,during the 70s , left in 93 to Boston. My wife and I bought our home for 166,00 , we got a bigger home in 2006 in GA, raised our family,,we bought our home new 4 bd, 31/2 bth, plenty yard, full basement at 245,000. Couldn’t imagine it in NY
@adamblack6867
@adamblack6867 2 ай бұрын
The government is gonna have to massively built new public housing for the actual working class .
@ViceCoin
@ViceCoin 2 ай бұрын
TX, FL, and MS have cheap rent, but $7 min wage.
@ABlackBeauty
@ABlackBeauty 2 ай бұрын
...because we know WHO took over Flatbush! 💯
@imaslob6168
@imaslob6168 2 ай бұрын
They keep raising costs and taxes, what do you expect?!?!
@DejiiJones_
@DejiiJones_ 2 ай бұрын
That’s why I’m moving in 6 months.. had enough of this city
@c.f.okonta8815
@c.f.okonta8815 Ай бұрын
😂😂😂 you have up
@nicholasthompson7690
@nicholasthompson7690 18 күн бұрын
I fled for good in 2022. I'd have loved to stay in NY but the cost of living is crazy.
@user-ol6ur6cd2k
@user-ol6ur6cd2k 2 ай бұрын
rent is a scam
@kinggadm1234
@kinggadm1234 2 ай бұрын
The real issue. Gov doesn’t even want to meddle.
@KC-cx6nn
@KC-cx6nn 2 ай бұрын
As properties get fixed up…the city and the home insurance company raise the expenses for insurance and taxes on the property owners……this automatically gets pushed to the renters…..it is impossible to keep housing “affordable”
@adamblack6867
@adamblack6867 2 ай бұрын
You have to make about $150 k a year to afford a one bedroom in NYC.
@BlackopsUSN
@BlackopsUSN 2 ай бұрын
I heard it’s so bad that many live in Basements and are renting it for high prices with poor conditions in nyc and they don’t do anything about it. Plus it’s run by democrats no surprise.
@DejiiJones_
@DejiiJones_ 2 ай бұрын
Nah I would say 100k
@MichelleM-q1b
@MichelleM-q1b Ай бұрын
Great content
@mestiza1776
@mestiza1776 2 ай бұрын
4:14 when folks stop thinking rent control is the answer perhaps this won’t be an issue. I believe it was Thomas Sowell that researched this….but really any sound economist can do the same.
@h4f3ou5h
@h4f3ou5h Ай бұрын
it really is amazing how little housing NYC is building... anywhere. go look at Philadelphia on google earth and you'll see new developments on every single block, its overwhelming how many units are being constructed at any given time. NYC on the other hand, almost nothing. there's entire lots and low density homes that are sitting in prime areas. NYC could probably fix this whole problem if they built new developments on all of the surface parking lots. i feel like it really isn't that confusing of a problem, more housing, that's it. all of it does make me wonder though, seems like the entirety of the US stopped building decades ago. a vast majority of our towns and cities are stuck in the past by decades, nothing new built, nothing new anything. how did these areas even grow in the first place? this country needs to start building again and creating a new identity for ourselves or were all dead
@JoeHarrell
@JoeHarrell 2 ай бұрын
The stats are insane
@brosephufer
@brosephufer 2 ай бұрын
re: the statement on “progress has been made…” is the progress in the room with us now?
@nicholasthompson7690
@nicholasthompson7690 18 күн бұрын
I fled NY for good in 2022. They can keep their expensive rent.
@reneek1672
@reneek1672 2 ай бұрын
I mean, people need to move where they can afford to live. That probably means it’s not going to be a trendy area. I just moved to Washington heights. It’s not my favorite area, and further from work, but it’s what I can afford and it’s rent stabilized.
@dickriggles942
@dickriggles942 2 ай бұрын
Bro. They want to gouge you for rent everywhere. Moving is going to be a temporary fix. Good grief, wise up.
@TomikaKelly
@TomikaKelly 2 ай бұрын
What do you think happens when a group of people move to another area? 🤔 What do you think happens to the supply and demand of resources such as jobs and housing? 🧐 What do you suppose happened to the job market in Texas when groups of Californians moved there? What do you believe happened to the housing market when groups of Northeasterners moved to Florida?
@Passionatelyfruits
@Passionatelyfruits 2 ай бұрын
Definition of Affordable Housing: Affordable when u move in...Every time u renew your lease expect a rent increase.....When the rent become no longer affordable....move and the next family repeat the vicious cycle of rent increase
@odemata87
@odemata87 2 ай бұрын
Moving itself is cost prohibited for many
@reneek1672
@reneek1672 2 ай бұрын
@@odemata87 yes but I did it myself. just rent a van and make lots of trips. Get a friend to help. Moving sucks but with lower rent, save in the long run.
@kimgardner2281
@kimgardner2281 2 ай бұрын
Excellent Video
@pragueexpat5106
@pragueexpat5106 2 ай бұрын
Not only U.S, but countries all over the world needs Soviet style mass construction projects that built entire cities after WW2 to house as many people as possible and as fast possible. The "commie blocks" are ugly, but they didn't focus on aesthetics, they were designed to be cheap and fast built.
@SharayaMW
@SharayaMW 2 ай бұрын
Don't start that "moving to CT" ish 🙅🏾‍♀️ Our ish was already too mf high. Now, y'all are making the prices go up even more. We NEVER had rent stabilization, here. The State of CT could not care less whether families are stable. It's struggling, rich, or dependent on social services. We barely have tenant's groups/organizations. Just, ugh 😫
@felixthecat2786
@felixthecat2786 2 ай бұрын
I had to leave CT because it's so un-walkable that it isn't feasible for me to live there. I have a seizure disorder and can't drive. There's no help for people in my situation. You just have to hope that you find a good deal in a walkable place.
@DejiiJones_
@DejiiJones_ 2 ай бұрын
@@felixthecat2786 Why do have seizures?
@ljthirtyfiver
@ljthirtyfiver 2 ай бұрын
There’s only one group asking for that dog bath . Won’t even bother to say that groups name .
@Drownedinblood
@Drownedinblood 2 ай бұрын
There should be a law that requires rent to be 30% of min wage income for a single bedroom with kitchen and bath. Bare minimum things.
@CrissySweets-nc7vz
@CrissySweets-nc7vz 2 ай бұрын
Black stone
@DejiiJones_
@DejiiJones_ 2 ай бұрын
Black rock*
@CrissySweets-nc7vz
@CrissySweets-nc7vz 2 ай бұрын
@@DejiiJones_ same thing one of the names is blackstone
@freckles2720
@freckles2720 2 ай бұрын
Rent control/stabilization does not work. Many scholarly papers have been written about this subject. The issue is not enough supply, zoning restrictions, etc.
@beasaroseco5840
@beasaroseco5840 2 ай бұрын
Not to mention that landlords can write off empty units.
@sct4040
@sct4040 2 ай бұрын
That needs to stop.
@puzzlehead340
@puzzlehead340 2 ай бұрын
I wish they fine landlords if they leave their units empty too long
@BlackopsUSN
@BlackopsUSN 2 ай бұрын
I heard it’s too expensive and high rent has lead to many living in basements in nyc with poor conditions and the city doesn’t do anything about it. Plus the democrats are running New York no wonder nothing proper can’t get done. It’s been years since rent is sky high and there is no affordable housing in nyc.
@jhoniikemp
@jhoniikemp 2 ай бұрын
I left NYC years ago becuz of this issue
@odemata87
@odemata87 2 ай бұрын
Its nationwide. Not just a NYC issue
@jhoniikemp
@jhoniikemp 2 ай бұрын
@@odemata87 when TF did I say it wasn’t? Please tell me? The video title says NYC. So stfu and move around
@jhoniikemp
@jhoniikemp 2 ай бұрын
@@odemata87 when TF did I say it wasn’t? The title mentions NYC so s.t.f.u and move around
@sct4040
@sct4040 2 ай бұрын
Years ago, it was so cheap to buy.
@tashahall1855
@tashahall1855 2 ай бұрын
@@jhoniikemplol
@pinguaina
@pinguaina 2 ай бұрын
This should be regulated
@professorprofessorson8795
@professorprofessorson8795 2 ай бұрын
Eat the rich
@blade_runna6057
@blade_runna6057 2 ай бұрын
Absolutely
@gilbertnicholas1582
@gilbertnicholas1582 2 ай бұрын
So she has a roommate then creates another roommate 🤦‍♂️
@DejiiJones_
@DejiiJones_ 2 ай бұрын
Yea i would of told her and that baby leave
@dawnlee866
@dawnlee866 8 күн бұрын
Exactly. I don't understand that😅
@mrsgandhi
@mrsgandhi 2 ай бұрын
This is the government fault they sure do something to help citizens and stop expending in many countries. Help to have roof in top of your citizens.
@DB-115
@DB-115 2 ай бұрын
That 2016 figure can't be right
@bkburnaz
@bkburnaz 2 ай бұрын
Get rid of rent stablization theres people who live in prime areas in manhttan that pay 400-600 a month best kept sercret in nyc espeically in upper west side. And they people from all backgrounds whos families came to nyc in the 60s
@HPD-wv8qu
@HPD-wv8qu 2 ай бұрын
Not to mention the crime rate outside
@normanskillings9492
@normanskillings9492 2 ай бұрын
Just don’t forget who’s been in office the past 4 years when 90% of that price increase occurred
@katies2067
@katies2067 2 ай бұрын
Hope you’re talking about the local government and not federal…
@normanskillings9492
@normanskillings9492 2 ай бұрын
@@katies2067 I’m pretty sure rents, gas, housing market, interest rates, groceries,etc. have gone up over 30% and have even doubled across the entire nation.. the whole country..not just NY
@shleffy
@shleffy 2 ай бұрын
I’m a New Yorker. There are a million rent stabilized apartments and their median rent is around $1,270 outside core Manhattan. The other ‘market’ apartments go for much more WHEN they hit the market. That said, many people in the RS apartments are on fixed income.
@shleffy
@shleffy 2 ай бұрын
@@Mr_May0r0 check out this report - “2024 Income and Expensexx Study”, page 5. It’s published by NYC Rent Guidelines Board. Of course if you’re looking for a place to rent, it’s hardly helpful. But this idea that most New Yorkers pay astronomical rent is false.
@Passionatelyfruits
@Passionatelyfruits 2 ай бұрын
About 2 decades n 1 yr ago my today salary wld've put me as middle class.....Today, nah I changed my work position, increasing my pay.....inflation laugh at me😩
@Sariahsariah0815
@Sariahsariah0815 2 ай бұрын
@@Mr_May0r0 bronx
@Sariahsariah0815
@Sariahsariah0815 2 ай бұрын
@@Mr_May0r0 I guess
@shleffy
@shleffy 2 ай бұрын
@@Mr_May0r0 look up 2024 Income and Expense Study by NYC Rent Guidelines Board, page 5. Of course this doesn't help someone like you who is looking for an apartment. But the idea that all NYers somehow pay astronomical rents is frankly absurd.
@ricardoesco8146
@ricardoesco8146 2 ай бұрын
Why would you have a kid if you have roomates and cant afford to live alone smh 😆
@sistaimancurrentnews80
@sistaimancurrentnews80 2 ай бұрын
Yep, she put herself in that situation of having a child with a lowlife man that's not going to be around to take care his responsibilities. Women like her don't want marriage but wanna be baby mamas & get benefits.
@momofabardian1308
@momofabardian1308 2 ай бұрын
​@sistaimancurrentnews80 she probably just wanted to have sex & threw caution to the wind as far as birth control is concerned..Why does she have to be called a welfare mama??
@DejiiJones_
@DejiiJones_ 2 ай бұрын
If she moves somewhere cheaper she could afford to have her own place
@enriquenieves7775
@enriquenieves7775 Ай бұрын
Property taxes is going to go up do to migrant influx that mean higher rent
@dfc99nyc
@dfc99nyc 2 ай бұрын
Land an labor are too expensive all over NYC to ever see a lot of construction of apartment buildings for the working class and middle class.
@Maybemaybexyz
@Maybemaybexyz 2 ай бұрын
Move with the baby fathers ??? Or I don’t know don’t have the kid
@mdmd6388
@mdmd6388 2 ай бұрын
How do you know the guy is even alive? Maybe he’s dead? Maybe he’s in the military? Maybe she decided to have a sperm donor and have a baby on her own. Idiot.
@heyyourebeautiful3867
@heyyourebeautiful3867 2 ай бұрын
You are assuming the baby's father is a safe person to be around. Yes it's possible to get impregnated by someone and then they start to display their toxic side. This is one of the reasons women are not having children (as you recommend).
@thedarkone-f2s
@thedarkone-f2s 2 ай бұрын
Tax millionaire and give that to low income for rent vouchers
@BrooklynDodger
@BrooklynDodger 2 ай бұрын
How about low income people acquire skills that are in demand, stop having children they can’t afford and carry their own weight.
@MarcusBarrett-zi8od
@MarcusBarrett-zi8od 2 ай бұрын
The millionaires already built 60-80 apts in the Bronx. Which allowed them to get tax credits for Billionaire Row.
@hybridPeople358
@hybridPeople358 2 ай бұрын
Government: Build more private prison
@SamAsm367
@SamAsm367 2 ай бұрын
Pretty lip service. A lot of supposition. A lot of experts & expert opinions. Fact - I wanna leave NYC too🤑🤑🤑 Every four years they remember we exist.
@briankelly85
@briankelly85 2 ай бұрын
please do not move to Connecticut. the state is full. and we don't need any more crime from NYC.
@odemata87
@odemata87 2 ай бұрын
🤡
@ddurlon
@ddurlon 2 ай бұрын
How is Connecticut full lmfaooo
@dral22
@dral22 2 ай бұрын
Yeah, just let it increase and just talk about it since all you guys really care about is the rent going up and up. Keep making documentaries instead of coming up with a real solution. Interviewing people is the best thing for society.
@odemata87
@odemata87 2 ай бұрын
came to say the same thing.
@Ghostdog198
@Ghostdog198 17 күн бұрын
NYC has lost its soul it’s not funky anymore it’s boring and no innovation.
@rbuddy4765
@rbuddy4765 2 ай бұрын
Canada .
@bnwo
@bnwo 2 ай бұрын
5:25 LGBTQ housing? What? That should not be a thing.
@TomikaKelly
@TomikaKelly 2 ай бұрын
Yes, LGBTQ people should live on the street.
@xivinrah
@xivinrah 2 ай бұрын
That’s how I feel about homophobia and violence against LGBTQ+ people. But as long as that is still a thing, LGBTQ+ housing needs to be as well.
@truegrit7697
@truegrit7697 2 ай бұрын
No one has a car in NY city.
@iboofer
@iboofer 2 ай бұрын
Wish that were true, but the ownership rate is now around 52% or so.
@rushrush1209
@rushrush1209 2 ай бұрын
A lot of people in Staten Islland have a car, partly because they don't have a subway. Most of NYC has a massive subway network, so a lot of New Yorkers prefer to not have a car.
@michaeljeffery7466
@michaeljeffery7466 2 ай бұрын
Interesting.
@cawheeler27
@cawheeler27 2 ай бұрын
How you make a video on the housing crisis and never, not even once, suggest that perhaps, just possibly, we should build more housing... This stems from a total rejection of market economics. Too many on the left think that rents are skyrocketing because landlords are greedy. With this is the implicit belief that at some point in the past, when rents weren't skyrocketing, landlords were generous and compassionate. Bullshit. Landlords have always been greedy, but that greed can't make someone accept a bad deal. A housing shortage can because people don't have any other option. If we build more housing, they will have options and landlords will have to compete for tenants. NYC has tons of capacity for density, they need to unlock the power of the market. Rent control and rent stabilization is just shuffling around seats on the titanic. You're making a small number of people more comfortable while the city sinks into the abyss. BUILD MORE HOUSING.
@xivinrah
@xivinrah 2 ай бұрын
This argument doesn’t make a difference if market rents are fixed by RealPage. There could be half a million additional units and the median rent would still be $4,000 a month. They have to address the rent price fixing issue before this can be an effective solution.
@joeherrera8826
@joeherrera8826 2 ай бұрын
It really does not make a difference especially in NYC because the rent is more like a ponzi scheme. Even in terrible and poor neighborhoods the rent is high.
@cawheeler27
@cawheeler27 2 ай бұрын
@@joeherrera8826 the rent is high because there isn’t enough housing. That’s it. That’s the only reason. A lot of people want to live there, but there’s a finite supply of places for them to live. The people with the most money win. This only changes if the market is flooded with supply. Abundant housing is affordable housing.
@cawheeler27
@cawheeler27 2 ай бұрын
@@xivinrah realpage maximized the rents in a way I believe was illegal, but even their system couldn’t artificially inflate prices in a market with abundant housing. Not all landlords participated with realpage, so they would just undercut their prices. Realpage would have had to lower prices to compete. Real page benefited from scarcity.
@d.akhtar9080
@d.akhtar9080 2 ай бұрын
She has a baby but lives with another guy??
@Maybemaybexyz
@Maybemaybexyz 2 ай бұрын
Lol 😂
@TomikaKelly
@TomikaKelly 2 ай бұрын
Yes. She has a baby and has a roommate.
@BrooklynDodger
@BrooklynDodger 2 ай бұрын
Yup, and it is the landlord’s fault that she can’t afford rent.
@magicworld3242
@magicworld3242 2 ай бұрын
The question should be.... Why did Valerie have a baby, If she needs a roommate and she can barely afford to pay her rent ? Make that make sense ? She can't take care of herself. So, She decided to become a "Single Baby Mama" ? I'm supposed to have empathy for her foolishness.... That's going to be a HARD NO.
@TomikaKelly
@TomikaKelly 2 ай бұрын
We don't know about the nuances of her personal situation, and none of that would change the fact that all across the NYC and the ENTIRE COUNTRY, rent is rising, outpacing wages, and unaffordable for many Americans, including those who are childless/childfree.
@Dee-ye2dk
@Dee-ye2dk 2 ай бұрын
@@TomikaKellythat would change the fact because the cost of a child is a lot for one person. The average single mother makes 32k. We don’t know her story to know she hasn’t spoken about marriage or the father. She should be living with the father.
@ontheroad5555
@ontheroad5555 2 ай бұрын
Biological clock is running out on her?
@BrooklynDodger
@BrooklynDodger 2 ай бұрын
@@TomikaKellyeveryone has “nuances” to their situation, but we are not expecting the landlord to subsidize her choices and bad decisions.
@BrooklynDodger
@BrooklynDodger 2 ай бұрын
@@ontheroad5555whose problem is that?
@dawnlee866
@dawnlee866 8 күн бұрын
Why have a baby when u need a roommate to afford rent????
@Dee-ye2dk
@Dee-ye2dk 2 ай бұрын
Where’s your husband? You’re just having a baby as a baby momma? Then complain you can’t afford rent. Where’s the father. Two incomes can afford two bedroom.
@mrpeeng9503
@mrpeeng9503 2 ай бұрын
It's partially a culture thing. I grew up in the 80's-90's in nyc and my parents didn't spend on unnecessary things. The same ppl i grew up with however always bought the latest electronics / clothing while renting an apartment. To this day they're still renting. My parent who spoke zero english (and still no english to this day) were able to save enough for a house with minimum wage jobs.
@ricardo950535
@ricardo950535 2 ай бұрын
You said it. 80s and 90s. Much different era. Factory jobs available, immigration was controlled, most working class didn't have a credit card. Green card was like Gold back then. Commit a crime you can't renew the green card and get deported.
@TomikaKelly
@TomikaKelly 2 ай бұрын
How much were houses and how much was cost of living in the 80s and 90s compared to now? Your parents saved for a house but DIDNT save for an Economics tutor for you (or didnt even both to learn English)? 🤨
@mrpeeng9503
@mrpeeng9503 2 ай бұрын
@@TomikaKelly Cost of living was low in the 80-90s but they made minimum wage the entire time. The point was people spend on useless crap for appearances sake. As for trying to attack my parents for not hiring an econ tutor (what?)? Why would they need to, both me and my sister graduated with finance degrees and also own our houses. Even my cousin who was a waiter his entire life also owns multiple multi family homes in queens.
@VendieSolde
@VendieSolde 2 ай бұрын
​@@mrpeeng9503 as much as you'd love to think so, you're NOT better or more elite than the born citizens of this country...and what we're going through, will also reach you and your non English speaking parents. Think upon that.
@MarcusBarrett-zi8od
@MarcusBarrett-zi8od 2 ай бұрын
@@VendieSolde He’s not stating him or his family is better than us. What he means is the culture is different and prioritizing ownership and family is higher. If his folks lived in a community of their peers chances are they do not need to speak English. My folks are the same way and worked their way up financially. They bought a rental property yrs later. I bought a couple rental properties out of state. NYC is not landlord friendly. Don’t be surprised in a few yrs some migrants become landlords.
@JPAGH
@JPAGH 2 ай бұрын
Most NYC residents will vote for Kamala
@tracymorgan5386
@tracymorgan5386 2 ай бұрын
And what’s the problem with that especially considering she stated she will build 3 million affordable apts and homes, you think someone else is going to do that if so please give me a name. It’ll wait.
@SamAsm367
@SamAsm367 2 ай бұрын
​@@tracymorgan5386And a chicken in every pot. Have you looked elsewhere? Don't expect change if you don't vote for change.
@MarcusBarrett-zi8od
@MarcusBarrett-zi8od 2 ай бұрын
@@tracymorgan5386 You really think Kamala will house you before migrants 😂. She was in charge of the border and the migrants receive more benefits than NYC natives.
@Cut_tape-x9j
@Cut_tape-x9j 2 ай бұрын
girl thinks she can have a baby and live like she's Carrie Bradshaw in the most famous city in the world.
@dawnlee866
@dawnlee866 8 күн бұрын
😂😂😂
@CharmingAthens
@CharmingAthens 2 ай бұрын
2800? I bought a 3 bedroom for less than that a month
@johnnycasteel7
@johnnycasteel7 2 ай бұрын
Where in Hicksville?
@CharmingAthens
@CharmingAthens 2 ай бұрын
@@johnnycasteel7 Central PA, 6 miles from all the big box stores you could ever need.
@allhuman718
@allhuman718 2 ай бұрын
@@h.b.7104 LMFAO
@johnnycasteel7
@johnnycasteel7 2 ай бұрын
@@CharmingAthens if big box stores is what you want that’s great.
@freckles2720
@freckles2720 2 ай бұрын
Interesting not one LL or developer was interviewed.
@damnjustassignmeone
@damnjustassignmeone 2 ай бұрын
When did PBS become this far left? This is nuts.
@General8675
@General8675 2 ай бұрын
They kinda had me until "oh, my mom is the last black lady in this building" so other people can't live there based on their race? Neighborhoods change, they rise and fall in NYC, its always been this way.
@akm960
@akm960 2 ай бұрын
I think you missed the point lol. She’s saying that the price has gone up so high that most black New Yorkers can’t afford to live there. Because yes race and financial status do correlate believe it or not. These things are easily researchable if you’re genuinely interested in what affects a different race than yours.
@TomikaKelly
@TomikaKelly 2 ай бұрын
Both of your two remaining brain cells are fighting for 3rd place... 😒
@Sariahsariah0815
@Sariahsariah0815 2 ай бұрын
gentrification
@MarcusBarrett-zi8od
@MarcusBarrett-zi8od 2 ай бұрын
@@akm960 Yes it’s gentrification. At the same time why didn’t her and her mother buy a home in NYC??? The writing has been on the wall for decades. Heck it happened in Harlem decades ago. Bklyn was slowly transitioning.
@Mr_May0r0
@Mr_May0r0 2 ай бұрын
Thanks Republicans
@mobmike93
@mobmike93 2 ай бұрын
So leave
@TomikaKelly
@TomikaKelly 2 ай бұрын
What do you think happens when a group of people move to another area? 🤔 What do you think happens to the supply and demand of resources such as jobs and housing? 🧐 What do you suppose happened to the job market in Texas when groups of Californians moved there? What do you believe happened to the housing market when groups of Northeasterners moved to Florida?
@Strawb3rryD3ath
@Strawb3rryD3ath 2 ай бұрын
I mean come on, what do people expect from living in densely populated areas...
@TomikaKelly
@TomikaKelly 2 ай бұрын
To be able to live without having to sell vital organs....
@Strawb3rryD3ath
@Strawb3rryD3ath 2 ай бұрын
@@TomikaKelly then go live in Mississippi…
@johnnycasteel7
@johnnycasteel7 2 ай бұрын
Then move
@TomikaKelly
@TomikaKelly 2 ай бұрын
What do you think happens when a group of people move to another area? 🤔 What do you think happens to the supply and demand of resources such as jobs and housing? 🧐 What do you suppose happened to the job market in Texas when groups of Californians moved there? What do you believe happened to the housing market when groups of Northeasterners moved to Florida?
@shnabe
@shnabe Ай бұрын
THROW out section 8, RENT WILL STABILIZE
@JimmyJaime-su5px
@JimmyJaime-su5px Ай бұрын
1283,thanks to donald trump,2800 thanks to kamala harris and joe biden
@JimmyJaime-su5px
@JimmyJaime-su5px Ай бұрын
Its ka,mla and joe biden fualt
@thedarkone-f2s
@thedarkone-f2s 2 ай бұрын
Tax millionaire and give that to low income for rent vouchers
@nicklll4477
@nicklll4477 2 ай бұрын
Pass those costs to low income people and its back to square one. How about get govg out of the way first.
@Sariahsariah0815
@Sariahsariah0815 2 ай бұрын
yea, but the question is are people going to be able to USE the vouchers
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