Not just New York, America has abandoned the middle class.
@cornelisscholtz46588 ай бұрын
Not in TN, check out Living In Tennessee.
@icouldjustscream8 ай бұрын
The federal government of Canada is burning the middle-class at the stake. I just got my property tax assessment. It went up 26.5%.
@Akimbo4118 ай бұрын
The wealthy never stopped trying to have slaves. Lincoln just made them have to work for it
@Akimbo4118 ай бұрын
@@icouldjustscream Owning nothing is the requirement, being happy is optional.
@cornelisscholtz46588 ай бұрын
@@icouldjustscream deepest condolences.
@KeepItSimpleSailor8 ай бұрын
It won’t happen - but I’d love to see all the essential services workers just completely walk away from these dystopian cities. Let the rich realise just how they rely on these people and services.
@ChoomahBungole8 ай бұрын
They will be given subsidies to live under the elite.
@lisaa44918 ай бұрын
Will be replaced by the AI they develop
@richardmaier288 ай бұрын
it would be nice but tptb would make life miserable for anyone trying unless it was everyone ala Atlas Shrugged which originally going to be called The Strike.
@horrorfan1178 ай бұрын
If this were to happen, the rich would stand firm. They know that if push comes to shove, they can take their wealth else where, and leave the workers with nothing. But until that time comes, they can sway public opinion by labeling those who leave as "lazy" and "greedy." We've already seen this happen when covid restrictions were lifted, and workers began to demand fair compensation. The truth is that the rich will outlast the poor.
@nolamonahan87648 ай бұрын
They will just give the jobs to all the new people they have brought in. The people the tax payers are paying for.
@lorddrac_dontaskmetodance8 ай бұрын
A lot of people, especially foreigners, believe NYC is the place to be to achieve "the good life." In reality, NYC is the place to be once you have already achieved "the good life."
@RyanChand-c5b8 ай бұрын
Well said lived here my entire life
@paceyourself56528 ай бұрын
Captain Obvious
@crinklecut37908 ай бұрын
Even after you’ve gotten enough money to live there, it’s debatable. Yeah there’s stuff to do but there are a lot of other things that suck about the city.
@madelineharkins56438 ай бұрын
No shit!
@hubertvancalenbergh90228 ай бұрын
Or were born to parents who lived 'the good life'. 😁
@karendaniel6208 ай бұрын
One of my college professors back in the late 90's told the class that the middle class was going to disappear. This was an education class, and part of the reason I chose not to go into education. She also discussed declining literacy (this isn't unique to Alpha generation). This is the result of decades of decisions, both locally and federally, meant to benefit corporations and billionaires at the expense of everyone else. Uneducated and poor takes what it can get.
@Gob-is3sy8 ай бұрын
If you liquidated every billionaires assets, which, by the way, are primarily in the form of capital producing businesses, you couldn’t run the government for more than six months… crappy policies based on fake altruism and entitled economic illiteracy is what’s causing this, and then what a perfect skate goat you have- anyone who isn’t poor. It’s a pattern that’s repeated in history many times over the past hundred years. From the Bolsheviks to Maoist’s, to Zapatistas.
@cindyweir96458 ай бұрын
If they make it unaffordable for most people, who’s going to clean their toilets and take care of their children? Who is going to serve them? Do they think that poor people are going to live near them?
@Flyingburrito8 ай бұрын
Finally someone that gets it
@rosered68768 ай бұрын
Yep
@ricfax8 ай бұрын
Inflation is a tax on the poor and middle class. The ultra wealthy can afford private security (with guns) and they can buy up what lower classes sell when they move. I have a childhood friend who's a liberal college professor in California. He bitches about the taxes but won't leave because of golden tenure handcuffs. I have another friend who used to be an economics professor in California, did the math, and moved to Tennessee. He wrote a great book called Taxes Have Consequences. Voters get the government they deserve and NYC is a classic example. I loved it there in the nineties after Giuliani cleaned it up. It's gone back now to the way it was before.
@jsrivera558 ай бұрын
To sum this up: citizens will need to pay more taxes and fees, in return the city will provide less services.
@echoct5068 ай бұрын
Don't blame just the city, blame the Corpos buying all of the property and raising rents/prices. Higher prices = higher tax revenue, but also kills the city so the city council is stuck not helping between the two. By your picture you're a boomer/early xer though so I don't really expect you to blame capital.
@SpultterFly8 ай бұрын
Just be a migrant, problem solved
@valebliz8 ай бұрын
Yup I’m sure it’s because of taxes, dummy.
@AKDHFR8 ай бұрын
@@echoct506fyi this was not allowed in china bcs they know it would end up bad for everyone apparently we didn't learn from 98
@airtale87258 ай бұрын
Nope. This is the speculative housing market pumping up prices. Also it's weird that no one ever mentions that Trump basically inherited half of New York's properties and was a significant contributor in this price hiking.
@re1ive4568 ай бұрын
5:42 Also, when he mentions the wealthier peoples’ income increasing 20%, we should also note the scale of that. 20% of $1 million is $200K. Meanwhile the middle class gets maybe 1% increase. 1% of $150K is just $1.5K. The rich get enough to support another child while the middle class get a peanut.
@mustang82068 ай бұрын
And what's crazy is in most of the country 150k is actually upper class. Median individual income is 50k
@Sc9cvsd8 ай бұрын
Also on a net tax basis. Obviously many NYers who make a million a year pay crazy high taxes and of that $200k half will probably go to taxes. But a lot of NYers own businesses and have tax write offs. And that $200k increase may even by completely tax free or be taxes at a much lower dividend or capital gains tax rate
@Sc9cvsd8 ай бұрын
@@mustang8206that was true 10 years ago but post covid inflation, $150k pretty much anywhere except remote rural areas is upper middle class at best
@mustang82068 ай бұрын
@@Sc9cvsd Actually that would you put in the top 9% of individual incomes in America. Being in the top 9% is definitely upper class. Just because you don't like it doesn't mean it isn't true
@justinava16758 ай бұрын
Oh please youre one of thise lib fools who makes 150k and still complaining? Hahahah. 150k middle class? Sounds like you have money management problems.
@FreshlySnipes8 ай бұрын
It’s not just NYC, America is crushing the middle class. It’s despicable.
@AleBorgo1188 ай бұрын
In Europe, is the same game...
@kaylaEA_8 ай бұрын
If we don’t band together and protest and do walk outs this will continue.
@jeremy-likes-cats8 ай бұрын
Not just America, most western countries are doing the same thing
@AleBorgo1188 ай бұрын
@@kaylaEA_ in Germany, France ecc. the most people going on the steets and protest... only in Italy the people sleep 🤦🏻♀️.
@ernesto.carloz8 ай бұрын
I wonder how many people know how much the WEF has a saying in this (money being printed out of thin air, so that $,€,£ and so on and so forth decreases in value and regular citizens loose their purchasing power due to the costs of living artificially rising).
@RoosSkywalker8 ай бұрын
My bf who is a New Yorker was in absolute awe when he watched a fully automated trash wagon pick up and clean a public trashcan with underground storage in the Netherlands.
@gustavoaragon8668 ай бұрын
I believe you. You see here in the USA government and corporate media had been selling us this fantasy about how great this country is. The fact is the USA is just a big circus where people gets entertained so we don't see the real facts
@centipedekid98248 ай бұрын
How much are taxes? What's the medical care like? How's rent?
@Mars-yg2ey8 ай бұрын
Coming from a fellow Dutchie: the growth of taxes has been declining but everything is pretty expensive here too, medical care is taken care off (I can ride in an ambulance and never see a bill in for it) and we're in the middle of a housing crisis sadly.
@crash4dafun8 ай бұрын
@@Mars-yg2eyThe whole world is in a real estate crisis because of criminals who launder money and squirrel it away in expensive real estate properties that they don't even live in...
@yvonneplant94348 ай бұрын
@@Mars-yg2eyllll
@cathconnelly8 ай бұрын
What's crazy to me is that it's unrealistic to stay in New York. I'm a native Floridian and we've seen our housing market severely impacted by NYers and people from the northeast moving here. And now the cost of living is skyrocketing, housing and rent prices are unreal, and our wages in Florida AREN'T NYC wages, but people with NYC money are moving here. It's not just a NY problem. It's an America problem. This country has abandoned its middle class. Social services and public services don't exist for us anymore.
@LaurenOliviArt8 ай бұрын
Same here in Wilmington, NC. Lots of NJ and NYers. We have beautiful weather here year round… I get it… but dang! It’s making our rents higher !😅
@Jsd86758 ай бұрын
And Philadelphia
@julianhussenet76338 ай бұрын
So how do you guys solve this problem without one another from different sides of the political spectrum attacking each other for having different views on the way things should be done?
@chrisbradley32248 ай бұрын
Your wages will eventually increase. This is actually a good thing overall, it balances out the extreme differences in the country.
@botezsimp58088 ай бұрын
I heard that the interstate bus routes might go next.
@bellablackmist50338 ай бұрын
Our country is more and more moving into isolating financial classes and it sounds *SO* dystopian to think of cities with only one economic class especially when theyre still being serviced by lower class
@user-dq2ym1nn9k8 ай бұрын
Byron Bay - classic example
@Gob-is3sy8 ай бұрын
You’re laying the blame at the feet of the wrong people friend . it’s the people, claiming to be fighting the rich that are causing all of these problems in the first place. Unmitigated, economic migration, overtaxation and regulation, general mismanagement destroying businesses and economies, and then blaming the people that actually built them.
@lazyboyz8 ай бұрын
Dubai?
@SvenceJohanson8 ай бұрын
NYC is a total shithole. So - let's not pretend there is some elite 2,000 people that everyone is enslaved to. They are enslaved to DEM WELFARE!
@mannotwiththeplan8 ай бұрын
@@Gob-is3sy yeah, no regulation and no tax will help the middle class for sure.
@foodiegal99238 ай бұрын
My takeaway from this is: wages aren’t keeping up with inflation and we are being nickled and dimed for everything today. This is reflective of everywhere in the U.S. but it hits harder in larger, more expensive cities like NYC. My parents were immigrants to the city in the early 70s. Bought their 1st home within MONTHS of moving to NYC. Yet, today, you have college educated individuals with higher paying jobs barely qualifying for mortgages and are unable to pay their rent! You can’t blame spending money on avocado toast and Starbucks on that. There’s something seriously wrong here. I haven’t lived in NYC in years- I love visiting but I couldn’t imagine what a struggle it would be to continue living there. Doesn’t seem worth it.
@TatsuyaShiba978 ай бұрын
Your take from this is basic, wages could and will NEVER keep up with this kind of inflation, this was intentional. So it's not just "wages aren't keeping up" That's a victim mentality where you get to shift blame to your employer, no the government destroyed the economy and wages would never in a million years keep wmup with the inflation we've seen the past 3 or 4 decades combined. Gotta stop spending taxpayers money on useless government spending.
@sammietulip79488 ай бұрын
💯 agreed.
@airtale87258 ай бұрын
So right-wing politics should be sent down the drain, corporations and speculative markets should be limited, and we should prioritise fair markets over free markets, and perhaphs not reelect a man who worked with the New York maffia, who has personally over 100 court cases where he settled with victims he frauded, who risked national security by stealing top-secret documents, who tried to blackmail Ukraine, who has the most lies clocked of any president ever, who by most implication has trouble reading legal texts (and in fact anything complex), who is obsessively on twitter all day, who has been born as the son of a president and estate magnate and inherited all wealth and connections from it, and now who has severe mental impairment and who has gotten billions of dollars from Saudi-Arabia, China and Russia during his presidency.
@cedonuli8 ай бұрын
Hilarious that Reagan literally told everyone they’d only get a trickle in his economics plans 😂 No one has done anything to restore everything he tore down
@cedonuli8 ай бұрын
@@Countcho when I say no one has done anything I’m referring to both the Democrats and Republicans who are different sides of the same coin. But go on with your tribal us vs them mentality that has done nothing to improve the average American especially these last twenty years. The government regardless of party has continued to do everything to enable corporate exploitation with little regard to its citizens
@Doviculus_128 ай бұрын
It’s bad in Australia too. Tens of thousands of people are fleeing our major cities. The cost of living is so high, I have no idea how young people are expected to get ahead. Scary times
@KuptisOriginal8 ай бұрын
Y'all have a lot of desert. Here in the U.S. we have desert oasis cities. Maybe time to start utilizing your deserts more.
@whutcat6828 ай бұрын
Eh, you do not earn that much from that either. Only some 1% of people earn the bank. Not to mention, most people do not feel comfortable doing that kind of job. I saw so many woman and man that will be able to do that, but do not want to. @mariajosequevedoserrano8130
@foodstampdavis52598 ай бұрын
They aren’t expected to go ahead. This is the design. And AI makes the poor worker less necessary every day. The idea is to have only the wealthy walled off in cities with everything they need. But first you have to decimate the cities to make them affordable to buy and flip.
@RealStoriesBank8 ай бұрын
You guys still don't understand depop. You are all part of the depop.
@prabhsaini18 ай бұрын
@@KuptisOriginalThis is the issue, here in Australia - speaking in tax terms - the government wants you to buy a second house. So people do but then that hurts people with no houses - causing them to blame just about everything else (gov, inflation, immigrants, etc). While they are factors they aren’t the main reason.
@cnvi088 ай бұрын
It’s happening all across the US. Hedge Funds buying up all housing to rent… rent is skyrocketing everywhere and dysfunctional Congress is too stupid to address the problem. It’s very bad here in Atlanta.
@Skandies8 ай бұрын
It’s not that congress is stupid, but it’s in congress’s best interest to ignore the problem cuz it’s gonna make them more $
@profitmuhammed8 ай бұрын
Because the congress is part of it, they gain share from profit
@rupertpupkin24938 ай бұрын
Every member of our Congress is invested in those hedge funds and are therefore, millionaires because of them. Hedge funds and high prices (rent, etc) are not going away !
@Gob-is3sy8 ай бұрын
It’s bad government policies causing this. Purely Blaming the rich is lazy and a sophomoric understanding of all this.
@shenanigans8748 ай бұрын
@@Gob-is3syplease name those countries
@dianneyung1118 ай бұрын
The rich are getting richer, the poor poorer. The middle class is being squeezed either up or down. This has been going on since the seventies. I'm in a paid off house with a paid off car. I have savings and retirement income. I know I'm lucky. Now if I could stop all these fools calling to get me to sell my house. No way am I going anywhere . BTW. I don't live in NYC thank goodness.
@intellectually_lazy8 ай бұрын
don't get cancer
@sweetmissypetuniawilson92068 ай бұрын
@@evhvariac2 Stating facts doesn't need to be bragging or complaining.
@TheChariot998 ай бұрын
Ok thanks for letting us know. Since you're doign so well can you cut us a check ? My rent is due soon
@zimmy918 ай бұрын
@@TheChariot99 Bruh clearly grinded to get there. Just cause he has a slightly better hand doesn't mean he chops his own off to feed you.
@peppermeat80598 ай бұрын
he was mentioning the second line i suppose@@sweetmissypetuniawilson9206
@chrisburn71788 ай бұрын
What I don't understand is how all the service workers - waste, cleaning, utilities, police, fire, and basic income people like checkout clerks live in a city. Without them the place grinds to a halt yet the city scorns them.
@eldoodlez43628 ай бұрын
If I had to guess, a lot of them probably live out of the city but in driving distance, like North Jersey or something
@gee84198 ай бұрын
If you're single you live with roommates, usually in North Brooklyn or Northwest Queens, sometimes Central Brooklyn, Central Queens. Depending upon how well you can manage your money you can get it down to one or zero roommates in some apartments in the outer boroughs or upper manhattan by the time you make 60k but you'll be very rent burdened. If you're in a couple you fare better and you're still in the outer boroughs, upper Manhattan, maybe Chinatown, the Lower East Side, or Alphabet City if you're lucky. A lot of people commute in from Hoboken, Jersey City, Long Island, Westchester, and New Haven. The rent is actually a lot better in two bedroom apartments with income split between you because all other expenses are split. I make 80k before taxes working for the City; I'm in one of the most affordable single bedrooms, my rent is 2K, so my rent is half my income. I'm lucky for a single transgender man in my thirties, and I'm still struggling.
@roaldruss42118 ай бұрын
@@gee8419your last two sentences encompass perfectly what's wrong with this city. You shouldn't struggle with that income, yet you do. I would look for another job and move out of New York.
@gee84198 ай бұрын
@@roaldruss4211 I can't move out of New York. Number one, I do not have the money to move, number two, moving as a trans person is nightmarish and potentially dangerous, number three I love living in New York. All of my friends, my support system, my COMMUNITY are here. The answer to a cost of living crisis should not be acceptance of forced displacement and it's very ignorant to suggest that the situation is as simple as just getting up and leaving, or to assume that someone even has anywhere to go should they leave.
@dragonstooth42238 ай бұрын
@@gee8419 your right ... moving shouldn't be the answer. its like victim shaming. blaming people for not being able to afford to live in the areas they call home shouldn't have the answer of "well just move where its cheaper". That's an easy solution that requires no effort like asking a woman what she was wearing when bad things happened. I've pointed out to people I work with who argue for congestion charges that all congestion charges will do will disproportionally impact those least able to afford it. Its shifting the responsibility those who are already struggling to exist instead of the people who should be doing something, like the government, making meaningful change.
@felycacal38828 ай бұрын
Nowadays there are only two main groups in the USA: the ruling class, who owns the means of production , and the working class, who sells their labor to survive.
@flexiblebirdchannel6 ай бұрын
You mean, in the last 1000 years we have lost the clerical class, from the three classes we once had ?
@ymskkuroneko5 ай бұрын
@@flexiblebirdchannelAh yes, the non-profits
@Krasauskaitevi8 ай бұрын
As a European who always dreamed of visiting US, this seems like a black mirror episode. How is the country, who has the most powerful military, having to cut down sanitation in a huge worldwide known city known for its lack of sanitation and make the residents pay more for it?
@nathancochran46948 ай бұрын
I would recommend visiting other cities. I always found Boston to be a better city overall than NYC. Or, take a real trip and see a city like my hometown. Kansas City, MO. or Denver, CO. Or Houston, TX. The US is a huge place, and I would say other parts of it represent it better than our big cities these days.
@aal8628 ай бұрын
The answer is corruption. That’s how. The amount of wealth in the financial district should equate to zero actual money based problems. Someone isn’t paying their fair share.
@NakedAvanger8 ай бұрын
dude what the fuck? stop glorifying the US. Its quite literally a 4rd world country if you dont happen to be rich then you are colossally fcked. And also why would you even want to visit the US? The only thing you'll find there is sulfur laced tap water no matter where you go.
@BloodSweatandFears8 ай бұрын
Because our “leaders” care more about their agenda and their money, than they do about us. It’s that simple.
@BloodSweatandFears8 ай бұрын
@@aal862Exactly, want to find out what any problem is in the USA? Follow the money.
@redda28 ай бұрын
The worst thing is the people getting rich are the people not contributing to society. We are rewarding people that hold assets like stocks, etfs, property but the real workers of society are getting screwed
@seed_drill71358 ай бұрын
Most of the wealth concentration that has occurred since Reagan has not gone to “job creators” but to “rent seekers”.
@mayadexer29538 ай бұрын
That’s what happens when people sell their skills for dollars instead of improving their lives with it.
@liamsdad338 ай бұрын
Yup record high profits this quarter team what do you want on your pizza this Friday?
@SkySong61618 ай бұрын
@@liamsdad33 And a reminder that we're only getting one pizza! That'll go straight to csuite for all their hard work. You're expected to chip in 10$.
@Hoops5908 ай бұрын
The nature of capitalism
@jzintl8 ай бұрын
I started noticing the same things, like trash issues, housing prices, and even the fact that hotels are no longer affordable.
@this4ppiplup8 ай бұрын
80% of your salary should NOT be for rent, that's a red flag, and i hope that women realizes she can live more comfortably anywhere else.
@AlexMint8 ай бұрын
Problem is there are a lot of careers with basically no exposure outside of major metropolitan areas, but they don't pay like it. And there are a lot of people with chronic conditions that are basically entirely unserved outside of places with at least a few million of "official" population. And many people would like to live where they grew up. There are a lot of frustrating reasons why someone might be financially stressed but not want to leave.
@Official_KC8 ай бұрын
This video is altogether super misleading and stupid. NYC isn't just Manhattan. Manhattan is very small, especially the parts with all of the things going on. Very, very small. That's why the buildings are so high. You can live in Queens and pay one hell of a lot less. And her situation is likely that she works in Manhattan and either rents out a room or has a informal studio agreement, etc. You can rent a spot in Queens, and even parts of Brooklyn, for like 1500. This video is absurd. Also the "alternate" places to go like Memphis are places nobody wants to go to. Memphis has one of the highest murder rates in the US.
@this4ppiplup8 ай бұрын
@@AlexMint Thats so understandable, but I wish better for anyone struggling financially bc its never ever a good thing💔
@this4ppiplup8 ай бұрын
@@Official_KC ooh didnt know that about queens, i wish he mentioned queens here because it seems like he’s targeting all of ny as unrealistic to live in
@mr.potato23998 ай бұрын
@@Official_KCCheapest rents are always gonna be in The Bronx. It’s said there are now better options in The Bronx than in Queens or Brooklyn due to gentrification occurring because of this exact reason
@mfar30168 ай бұрын
I’m a fourth generation native NYer & never in a million years did I ever think that I’d be longing to flee the city I once loved, but here I am. 🤨
@bigfoxki8 ай бұрын
First generation here. I have been wanting to get out of it since the first week I moved there, it was 2 decades ago and may finally happening soon.
@uluomu8 ай бұрын
@@bigfoxkiwhat made you stay so long?
@bigfoxki8 ай бұрын
@@uluomu We were immigrant and older members of the family only wanted to stay near community that speak their own language. My brother moved out last years and started tempting them with wonderful life outside of NYC. I can see them beginning to soften up on the idea of moving out. Now we just need to wait for my little sister finish her degree and get her license.
@mfar30168 ай бұрын
@@uluomu because I truly loved it here! as a kid growing up in the 80s it was the place to be. It got much nicer & safer under Giuliani, & while I’m not his biggest fan, he did quite a bit to improve quality of life. By adulthood , I was working & my job required me to stay local. There are many reasons preventing people from going, including job/family/etc. Each situation is different & unique.
@mfar30168 ай бұрын
@@bigfoxki good for you! All the best. How old were you when you arrived & around what time frame was that?
@thoman14588 ай бұрын
Your channel has morphed from a lighthearted apartment tour to a serious documentary on “the streets of NYC”. I live in the Midwest, so not an intuitive understanding of life there, don’t trust or watch national news much so I have come to really appreciate your examination of what is happening to average people in light of current problems. Thank you for being willing to call this to our attention from the perspective of an average citizen. Keep up the mission.
@Igrowyourbiz8 ай бұрын
yeah i have noticed the "I hate new york" vibe it has turned into as well. If it keeps up, I will still live in new york, but not this channel..lol
@sarahjane95128 ай бұрын
I started watching Cash in December 2020 when he was showing apartments. Loved him then and now I am SUPER impressed with this reporting skills. Cash is amazing.
@Gee-xb7rt8 ай бұрын
@@Igrowyourbiz Just my take NYC has never been easy to live in, friends of mine were paying 1000. a month for those tiny immigrant apts with a bathtub in kitchen in East Village in the 80s. I think a lot of millennials moved there because of influencers that make it look like something it's not. If you want Paris move to Paris, its 1/2 the rent too.
@jonnyfendi20038 ай бұрын
@Igrowyourbiz are u blind to the problems in your damn city, now with the migrant crisis in full swing??? I mean really
@MitchMitch77-778 ай бұрын
New York (I've been in Brooklyn my whole life) lost its middle class during the Giuliani administration and the collapse of the WTC! After which it just got progressively worse and worse!
@jieddo18 ай бұрын
Luis Rossmann covered this issue pretty extensively on his channel and he discovered the real reason rents arent dropping even though more people are leaving NYC than moving in is because the landlords arent allowed to according to their mortgage loan agreement. Financial institutions have an interest to keep property values high in NYC and include stiff penalties in mortgage agreements for landlords if they sign lease agreements below the minimum agreed amount. This is why you will see a building remain vacant for 10 years or more or rents continue to remain high even if half the building is empty.
@gracewinseverytime66128 ай бұрын
This is a real issue! But no politician has the gall to go after these banks. Let alone fight for the middle class. I’m so tired of both sides!
@QueueTeePies8 ай бұрын
The fucking sad part is my family sacrificed everything to immigrate here to this country. Settled in NYC and lived there for almost 15 years. Even after I move to a different state to escape this issue it's isn't just an LA or an NYC issue. This nationwide epidemic of the goddam rich owning virtually everything and squeezing the middle class out is kicking society back to the feudal system. You will no longer own your land, you will never own your vehicle. Everything is moving to rent, lease, and subscription model. Kinda sad but it's not even a crazy idea for me to move back to my birthplace.
@Hydraina8 ай бұрын
It is really unfortunate that your family made that decision. I wish you luck in finding a better place and learning from their mistakes, my friend.
@QueueTeePies8 ай бұрын
@@Hydraina I should clarified that I am the one that moved while my parents stayed in NYC. I am in a much better place now. Their sacrifices allowed me to get a college degree in engineering. I'm the first generation that got us into the middle class. All their hope is now on me to finish the rest of their American dream since they are retired now. It's doable but I feel that window is also beginning to close.
@eri_noemi14628 ай бұрын
It's not the rich people you should blame. It's Democrats.
@Dsullivann8 ай бұрын
@eri_noemi1462 its not just democrats but Republicans as well. Republicans core economic model are tax breaks for ultra wealthy
@tj_blue74658 ай бұрын
It is the rich people, I mean both sides are being lobbied by the rich anyway. Parties don’t really matter anymore
@jasonhall36938 ай бұрын
"The upper class: keeps all of the money, pays none of the taxes. The middle class: pays all of the taxes, does all of the work. The poor are there...just to scare the shit out of the middle class." -George Carlin'
@ladylestranj8 ай бұрын
The rich actually pay higher taxes in huge amounts.
@margaretjeannemoore8 ай бұрын
Carlin was right about everything
@dess35978 ай бұрын
@@ladylestranj Yeah right.
@lindacerulli7978 ай бұрын
That's why there rich and others are poor get the picture
@FantomMisfit8 ай бұрын
@ladylestranj Not the smart ones. US tax code is a joke and easy to manipulate for your benefit if you know how. And trust me ppl like Bloomberg, Trump, Bezos they all know how. When I was running a console repair business even I did it to a small extent (The more money involved the more you can manipulate it (30% of $5 is nothing but 30% of 50k or 100k or a mil? Now you're talking. It's not even anything illegal either its all just there loopholes intentionally left in to be exploited
@briguyinsi8 ай бұрын
I live in Staten Island. Overnight, it seems every house with 3 bedrooms and 2 plus bathrooms is close to a million dollars. It’s outright insanity even in the boroughs. The rich can afford to live here and the poor get help and rent stabilization, while us middle class people get burnt from both ends.
@imthatguybrandon8 ай бұрын
Same here in Toronto!
@dertythegrower8 ай бұрын
blackrock did that.. wake up a bit buddy
@dertythegrower8 ай бұрын
blackrock...airbnb... private rentals...klaus schwaub... boy, we talked about this all 2021... try to keep up..
@russpendergraft50578 ай бұрын
The big globalist corporations are milking the middle class to death! And it's global! That's the plan! Enslave the masses to the point of 98% being equally poor and then the Elite socialists control the 98% !!!
@xblade112308 ай бұрын
The people who bought houses in the 90s are still good
@kshenriques8 ай бұрын
I'm one of them. NYC is my hometown. I never made more than 40K in any of my working years. I'm so glad that I left. There is so much more out there that you will never know until you go
@gertrudewest45358 ай бұрын
This is happening in EVERY state, even the poor states. The outrageous price of housing ( rent or own), and owning a vehicle is literally killing off the working class… the middle class is just starting to feel the fear and pain.
@ItsZexxy8 ай бұрын
No it’s not stop lying. New York is in a world of its own with their problems
@ShyanneSperandio248 ай бұрын
It's definitely happening here in Houston, TX!
@Lori-lp6uc8 ай бұрын
The rich want the world for themselves and their offspring. I guess it's true.. only the strong survive. The weakest will starve or be killed.
@MAtildaMortuaryserver8 ай бұрын
At least the working class can go back to college and improve their marketability for a better wage, or work hard and earn a raise. You should try being a disabled veteran on $3,700 per month with no way to ever improve on that. You cannot make it, run a household on that now. I will be living in my vehicle before 2024 is over. Still will not vote for the orange rapist dictator wanna be though. would rather be homeless that ever hear that pigs voice again.
@moneyallspent71178 ай бұрын
@@ShyanneSperandio24expensive in Illinois too
@MaxFung8 ай бұрын
LA is definitely already like this. A world-class city if you’re extremely wealthy, but a dump if you’re poor.
@davidlorenz63148 ай бұрын
I don't know about "world class" but it is a S Hole now for sure. I've lived in the Valley, the South Bay and now I'm in O.C. I think LA may be "cool" for the people in LA who just have never lived anywhere else. Once I crossed the Orange Curtain, it was a different world. I'm heading to San Diego next, but that's just a stop on my way out of CA. I'm building a business with a partner in another state, for 1/3 of the cost of So Cal and 1/10 the hassle. And the quality of life is 2x even the O.C. Sure, the beach is great, if you're into that, but I'm not, and I don't feel the need to keep paying for it.
@bryanp.64228 ай бұрын
Having used to live in LA when I was a little kid then living 1hr-3hr away from it (Oxnard and San Diego) I can say the only thing LA got for is their food due to multiculturalism. Other than that LA is a DUMP. Only go there for food or business/government shit
@mr29818 ай бұрын
@@davidlorenz6314 But enough about you.
@mr29818 ай бұрын
What are you talking about, it's not an accident that the homeless hordes flocked to west coast cities. If you don't have any money or don't want to work, it's hard to imagine a better place. People vote with their feet. Now if you are actually trying to have a life and a family by actually working, then yeah it's tough going.
@PWCDN8 ай бұрын
nothing in LA is world class outside of what Hollywood brings in. LA doesn't even have a transit system lol. If that's the case Las Vegas is a world class city. A better example would be San Francisco. LA has always been shit if you're poor.
@kennyadvocat8 ай бұрын
Middle class was forced out a long time ago. 1985-1995 was the last good time to buy a house. Even in 2006 buying a house in Brooklyn was too expensive for most. Yet the higher rents go up the more transplants move in. Dad paid 79k in 1984. Same house would be 1.4 mill today and would need renovations to update the kitchen, heating etc.
@FABRCTR8 ай бұрын
Facts
@coreyashley49498 ай бұрын
I tell people the exact same thing.
@ghettosapien13928 ай бұрын
Absolutely true! My wife and I tried to buy a Bed-Stuy brownstone in the 1980's and it was going for $50k. We had to pass because it needed $75k in repairs. We left NYC and were easily able to afford a house in the South. I bet that house in Bed-Stuy is easily worth over one or two million today. I don't know how young couples can afford to live in NYC today.
@kennyadvocat8 ай бұрын
@@ghettosapien1392smart to move. Nyc has too many gate keepers. The same people that use to make fun of us for still living in Brooklyn in the 90s and asking why not move to Manhattan are the same people that now pay $3k to live in Brooklyn cause it's trendy again. People overpay on rent just to flex on insta.
@jumpupdown25568 ай бұрын
I've long suspected that my parents bought my childhood house (been sold for years) at more or less the perfect time for the typical middle class American family to do so. They were able to get loans, they had dual income when having that meant you could still be save money, and the market was fantastic. A husband and wife, a mother and father, they could get the 4 bedroom, 2 1/2 bath home to raise their children in, up in the exurbs of the very same city covered here. It was safer, no getting the car stolen or the apartment getting robbed for everything. It was 1993. Damn near every single goddamn thing in that story is GONE. My parents, the childhood home, the lax homeowner loans to the middle class. The area isn't safe anymore. The economy is no longer beginning a boom that would lead to the very best of times for us. Our leaders are openly corrupt, openly disrespectful, laughing in the face of the citizens they work for and yet still having their hat in hand expecting money and votes. No one gives a fuck no more and that's not likely to change anytime soon. It's 2024.
@Iamalakerfan8 ай бұрын
As a Canadian from Toronto we understand your struggle.
@SikaR888 ай бұрын
I was looking for this comment, it’s the same right!
@Iamalakerfan8 ай бұрын
@@SikaR88 yup rough out here and the taxes -___-
@garyroelli8558 ай бұрын
I have a friend who was given a transfer to NY and a 50% pay raise to 150k. After four months he quit. Proved that he couldn’t afford it. The company promised to cover his expenses but after two months left the city and transferred him back to Nashville.
@mohammedjeffali10768 ай бұрын
It true, any company that is requiring a worker to move to NYC, that company just enpoverished their employee. Also, many workers exceeding 100k are taking care of extended family as well.
@hotpockets698 ай бұрын
Your friend was just shit at managing money.
@KC-dg9pu8 ай бұрын
I declined a job in Miami years because after I did the math, I would have around $300 to spare every month after all expenses.
@lowwastehighmelanin8 ай бұрын
@@mohammedjeffali1076*impoverished
@Phoenix882038 ай бұрын
My income went up almost 3.5x moving to NYC from Ohio ($72k to $250k) and I do great here working in construction. You guys just aren’t negotiating the wages you deserve.
@KoarTCN8 ай бұрын
The main reason NYC is super expensive for rent is because a majority of the buildings are owned by hedge funds and corporations. They determine the price since they own everything. Its not just NYC, its all over the US. It's estimated that by 2030, hedge funds will own over 40% of the housing market. We need to fight this, starting at the state level and eventually at the federal level.
@wk42408 ай бұрын
Very interesting statistics, and worth looking into. Thanks for sharing. 👍
@ohiasdxfcghbljokasdjhnfvaw4ehr8 ай бұрын
no more corporate residential ownership!
@yonnn75238 ай бұрын
Would having an extra real estate tax on vacant houses or for-rent houses be useful?
@KoarTCN8 ай бұрын
@yonnn7523 I think the only real answer is to make it illegal for companies, corporations, and hedge funds from owning single family homes. Then maybe a tax for people owning more than 3 homes.
@darklordvadermort8 ай бұрын
land value tax. restrictions won't work.
@tropicvibe8 ай бұрын
Disgusting, my father was a factory worker and had a nice apt, my mother was a housewife and we always had good food, clean clothes, and presents every Christmas. Dad always treated us to a movie or Chinese takeout (a big treat) every month and unbelievably, put money away in the bank. He loved NY but in the early 2000's he started becoming very unhappy and ended up buying a home and some land in the Caribbean. P.S. what's even crazier is that we were considered poor but when i look at today's poor next to us we looked like middle class. Omg
@Sbshooters8 ай бұрын
Insightful video, makes one really think about what it takes to live in New York City long-term especially as someone who grew up there. The budget cuts to all of the departments really hits hard to someone considered "poor" in NYC when taxes come out to 30% of income. Great work!
@1780scottie8 ай бұрын
Reducing services is a strategy to get rid of the middle class. Adams is an acolyte of Bloomberg who once said what New York needs is more billionaires!
@PSYxTV8 ай бұрын
No matter who you vote for you get an extremist position where they are radically pro big business and anti worker.
@Khayyam-vg9fw8 ай бұрын
Yes, we are witnessing the cementing into place of the Davocrats' Neo-Feudalism (aka The Great Reset, which was officially an unsubstantiated "conspiracy theory" on KZbin until about a week ago, but is now a wholly benign project by the WEF that carries the imprimatur of Cringe Charlatan the Turd of the Benighted Clowndom). There will be no class between billionaire oligarch and propertyless serf.
@chaweeboi88428 ай бұрын
All billionaire should just move to their own country and do their own work 😊
@mrmap48758 ай бұрын
All billionaires living nd working for them will be a bunch 3rd worlders or Muslims
@Khayyam-vg9fw8 ай бұрын
@@lu544 They bring a disproportionate amount of revenue to themselves, while we get the crumbs - or the bugs - if we're lucky.
@visionofwellboyofficial8 ай бұрын
The absolute worst thing in NYC is lack of infrastructure, especially public bathrooms.
@jrstf8 ай бұрын
San Francisco solved the problem by making the whole city a toilet.
@roymarshall_8 ай бұрын
I don't know how you solve the problem of public restrooms without solving the problem of having your entire city being an open-air insane asylum. Mentally unwell homeless people will absolutely destroy any public restrooms you build and they will be so unsafe that nobody wants to use them. The reason other countries can have public restrooms but America can't is because US cities do not have a voting public with the political will to address this. It's just "part of living in the city" even though in other parts of the world it's not.
@visionofwellboyofficial8 ай бұрын
@@roymarshall_ Are homeless people responsible for the vandalization and destruction of public bathrooms?
@jrstf8 ай бұрын
@@roymarshall_ - I think the new thought process is there are no citizens, the government tells the people what to do, people do not participate in their own governing.
@thru_and_thru8 ай бұрын
@@jrstf 🤣
@raviolithedesigner37368 ай бұрын
I'm sorry but it's not the cars that are the issue. Most New Yorkers, middle class or otherwise, will be taking public transportation, including from the other boroughs and other nearby cities. Those using cars in Manhattan are the rich or taxis. The car tolls aren't the issue, it's the greed of landlords and corporations plain and simple, and the state or city government needs to step in.
@rickkroll8 ай бұрын
Yeah and the fact this says "middle class".. cops and landlords hate the working poor more than the middle class. Middle class can afford it's bills. The phrasing is intentional, it's to make you hate poor folks. Middle class folks are getting screwed, except it's by the same corporations and greed that screw the poor. The middle and upper classes are so entitled though, they think the poor people are why they have all their money. They don't realize it's a thousand years of standing on someone else's back, they just want their chance. Despicable
@DisDatK98 ай бұрын
Exactly. Its happening all over the country. Wealthy people approach middle class homeowners selling their housing, offer a large immediate full cash payout, then rent out the property for 5x the payment that a low credit mortgage would be. It drives home prices up as well as eliminates buying opportunities for first time homeowners, and monthly payments get higher and higher for tenants renting because there's no regulation on it. Even renting a home is becoming unrealistic in some of the most rural areas. Its fucking insane, and its just greed and uncontrolled business. But it won't change until elected officials feel the pain, and they never will, so its just a big "guess we are up shit creek" situation.
@jmc28J178 ай бұрын
Middle class people drive as well into the city. It's not just the rich. I know some people that refuse to take the subway and they are not rich. My sister is one and blue-collar workers that drive every day.
@Richard.Atkinson8 ай бұрын
The government is owned by those corporations. It’s not going to step in.
@user-xu5vl5th9n8 ай бұрын
Other way around. The tolls will ensure it will be only the wealthiest who can drive. It is social exclusion.
@danielallen96998 ай бұрын
Incredible watch ! thank you for keeping it so real and honest. London is the same now. poor public transport. punishing car owners. salaries exhausted midway through the month and a very alarming future.
@josemontano77678 ай бұрын
When I was a kid a woman once told me New York is for the very rich and the poor. The working class people can’t afford to live here.
@WayneTwitch8 ай бұрын
And thats why NYC is dying and will be a slum
@tonytiger90208 ай бұрын
You're right it's for the rich and the poor because the poor people get section 8.. I guarantee you the illegals that came here years ago illegally I guarantee you they're living in New York City or one of the five boroughs because they're on section 8 Right now the government is paying for their rent.. it's sick
@MrDarthvis8 ай бұрын
Sigh sounds like CA.
@Starblockss8 ай бұрын
Honestly it amazes me that people voluntarily move to New York. The amount of people in my graduating class applying to jobs in New York saying it's their dream to commute on the piss infested subway to work in the most corporate job while sharing a tiny apartment with no sunlight with 3 roommates just baffles me.
@MO-ss5mj8 ай бұрын
I think it's fine for maybe 4-5 years at the START of career, then get out
@glbster8 ай бұрын
honestly, it could just be for business reasons. graphic designers have really good ties and connections in nyc, or just art in general.
@miepmaster258 ай бұрын
Right?
@itsvmmc8 ай бұрын
I think this video just emphasizes the negatives, while ignoring the positives. NYC is definitely one of the richest places in the world, and there is real demand for properties in there, that's why rent is so high. A lot of the problems that are in NYC exist elsewhere, and often to a bigger extent.
@6Kubik8 ай бұрын
Its like that everywhere. I always wonder why people want to move to Berlin. A terrible city. But young people want the "feeling" of being part of the world and these cities are always in the news.
@klutch_fr9698 ай бұрын
I literally told my family this in November. Most of the people we know either already moved or already had plans on moving. All of this is just adding fuel to that fire. If you PAY to use the train, you still have to deal with people playing music super loud through a Bluetooth speaker, People laying down on the seats with their shoes off so now you’re standing for and hour instead of sitting even though you paid. Then you have the people who walk into your train a light up a cigarette. Not to mention the fact that there have been times that I taken the train, Had them make everybody get off, And left us stranded with no way to get home after paying. All of that and because they’re bad with money they want to force us to use their BS. It’s not worth living here anymore and all the people with money are leaving and pretty soon, The only people who will live here will be the migrants, The homeless, And the people who can’t afford to move. I’d love to see what New York does when that happens.
@Mars99828 ай бұрын
I've lived in NY for over 40 years the things you mentioned do happen but if I see one or two of those things a year it's a lot. I think I saw someone light a cigarette once. And sleeping on the train without shoes? That's rare AF. NY is cold and dirty. The way you make seem is like the Hollywood movies in the 80s and even then it wasn't that bad if you're a New Yorker this is just normal.
@nunyabidness30758 ай бұрын
I bet if you look at the payroll, the transit guys have enough employs to have someone at every terminal and on every train.
@Wholelottarosie-lc8ed8 ай бұрын
I've lived in NYC all .y life until I fled last year to the Midwest. What you are saying is disingenuous and a lie. I lived in the Bronx. 8 years ago when the Blasio was in office I remember being on the two train at East 180th Street and there were people lighting up cigarettes then. I tried to talk about it and people dismissed it. I remember growing up in New York City, I'm a New York City kid through and through and you could walk the streets of New York and be safe. This was during the Bloomberg Giuliani era. I remember when there wasn't so much division when there wasn't all this crime when there weren't all of these illegals everywhere. I remember when you could actually fall asleep on the subway and not be harmed. So take your lying gas lighting BS somewhere else.
@vanity2438 ай бұрын
😂😂😂😂😂 AGREED!
@danielbarrios16538 ай бұрын
I live in San Francisco and we are going through the same thing, and I'm moving come spring
@sunnishine1008 ай бұрын
Love these reports! You are doing a great job!
@richardbartolo28908 ай бұрын
N Y C in the early to mid 1960's was affordable for most low to middle income persons, There was rent control, And/or you could have a room mate and get a nicer place, plus the rents were not insane. The awful turn around started with with Mayor Kotch in the 1970's. That creep threw my 65 year old aunt out of her rent controled apartment right into the street. Along with world war 1 and world war 2 veterans. Their plan was to turn all of the rent controled apartments into high price condo's. And from there it just snow balled out of control with massive greed. Behind every white collar crime there is a politican in the woodpile some where.
@dingdongdickweed62888 ай бұрын
Rent Control and Rent Stabilization are key to keeping the middle class in NYC.
@Landis_Grant8 ай бұрын
Koch
@brandoncomer64928 ай бұрын
Richard you're grossly wrong, rent control is a huge part of the problem. The issue is housing supply, and part of the reason supply is limited is because rent control makes it absurdly hard to make money on investment. There is no incentive for developers to build anything but luxury housing because they can't make any money. You only see rent control in the most unaffordable cities in the country, it's not a coincidence. The reason big cities like Houston are notoriously cheap (for a city) in housing is because they relax building and zoning codes and make it absurdly easy to build lots of housing cheaply.
@tommysalami4208 ай бұрын
@@brandoncomer6492 You trying to always make money on investment in a suffering city is just going to make more and more people lose faith in currency. Leading to worse problems for everyone. Your money will eventually be just as worthless as Germanies money during WW2. Hope you will be able to ride the storm
@brandoncomer64928 ай бұрын
@@skyealexander4605 No. Rent controls do absolutely nothing but benefit the few at the cost of the majority. They are short sighted and grossly stupid. Your focus should be on maximizing the incentive to built a surplus of cheap housing so that housing costs go down universally, and you can't do that when you disincentivize developers from building apartments because it's fiscally challenging to actually make their investment back because of rent control. They'll just go build somewhere else.
@matthewgraham4708 ай бұрын
I have to say, you pump out videos almost every other day. And they are quality videos. Props to you!
@remybuitenhuis24338 ай бұрын
facts
@moshe6068 ай бұрын
😂 He has to keep up with New York
@michaelfeds68958 ай бұрын
they're misleading and because you fall for it he makes money.
@marleychronic85308 ай бұрын
NYC is basically reverting back to the Gilded Age and Roaring Twenties (1880s - 1920s), where you were either very poor or very rich.
@Gust1vus8 ай бұрын
Its all over the US. The Gini coefficient has gone up 28% since 1980. This is what poorly regulated laissez-faire capitalism has resulted in and it's only going to get worse.
@Pladderkasse8 ай бұрын
As is mort of the world.
@Natta448 ай бұрын
Yep the exact same thing is happening in London. So reminiscent of Victorian London. Rich have the nice areas and parks. The poor live in the slums. Middle class didn't exist. The world is regressing for some reason when we had come so far.
@miepmaster258 ай бұрын
Certain people like it that way
@ladypants29728 ай бұрын
Not just NYC....it's everywhere.
@Kaffemosterful8 ай бұрын
Being a European I have always loved NYC. Have visited approx. 5 times in the 80s, 90s and beginning of 00s. Sad to hear what´s happening. Same thing is happening in some Europe´s big citites. Middle class is an endangered specie.
@earl49898 ай бұрын
If they continue to completely force out the middle class, eventually they will have trouble retaining employees for the restaurants and services that the rich who live there depend on. That could cause a change in policy and drop in real estate prices, which could potentially self-correct the situation....But over a period of time, with much suffering in the meantime.
@sheed3218 ай бұрын
It's funny how things work right?
@freespiritable8 ай бұрын
Most likely they will take workers from poor countries, withhold their passports, put them in collective hangars and pay them a misery with the promise of legalisation.
@ThePeterEffect8 ай бұрын
It’s a reasoned idea, but you should also consider the reason people with money own things in New York. It’s for stabilizing their financial portfolio with real estate. The people don’t actually need to live there. They just want the advantages of the piece of paper that says they own it. NYC is putting up the drawbridges and preserving only the most wealthy producers. Like you said, they’re hollowing out their own tree to cater to only the rich. LA 2. Prepare for street poop.
@Thezedword128 ай бұрын
At least they'll have plenty of "asylum seekers" living on cots in tents to do some of the unskilled labor. At least until those people get sick of it and take a "free" taxpayer funded plane ride some where else.
@allelss-oh8sj8 ай бұрын
Nah I'm sure they'll mine another way first
@dariusz.91198 ай бұрын
It's the same in Europe. My father moved to London in 2002. He found a great affordable house in Hammersmith (Zone 2, west London), ten years later his salary went up only a little but the rent skyrocketed and he had to move to Leyton (Zone 3, North-East), after that in order to keep his standard of living he moved to Barking (Zone 3), Gants Hill (Zone 4), Epping (Zone 6) and now he lives outside of London and has to commute to work to London every day
@Fawn911938 ай бұрын
The use of the term 'Zone' is very telling.
@meladversity8 ай бұрын
the UK isn't really europe tbh
@GlenJDiamond8 ай бұрын
@@meladversity The UK is in the continent of Europe but not part of continental Europe... confusing isn't it!! The UK left the EU (not Europe the continent)!
@Daniel-pc2ov8 ай бұрын
Yea it’s cause they pay for social housing for all the brown people 😂
@intellectually_lazy8 ай бұрын
@@Fawn91193 what should we call 'em? arrondisments?
@kristilucia34918 ай бұрын
Nothing about NYC entices me to come, even to visit. Thank you for your frank expose in this video and prior videos, Cash. It shows the sad state of this once iconic city.
@roshi988 ай бұрын
NYC is still a fantastic place to visit and you do yourself a disservice by dismissing it so casually.
@Winterascent8 ай бұрын
Why wouldn't you want to visit a city that prosecutes you if you attempt to defend yourself from a violent criminal? It's such a great place!
@KawakebAstra8 ай бұрын
@@roshi98as a 40 year resident of NYC .. may still be fun for tourists .. but for residents it’s not .. cultural life depleted.. ever since demic lockdown broke middle class
@ipenguin39188 ай бұрын
@@roshi98 C'mon. It's a sewer.
@bpetry78ify8 ай бұрын
I left after 42 years. Best decision ever. Nyc used to be awesome. Now it's a really really overpriced dump
@md123188 ай бұрын
Stress: The stress of being robbed, government overreach, people not speaking English, the smell, homelessness, taxes, not able to carry and defend yourself, crowds, traffic, endless sports teams, inflation, smog, etc... Keep the money, I'm out...
@Tessitura98 ай бұрын
I'm so sick of this. It's the same situation in California, even worse in SF. My family lived in Los Angeles making just over 300k and even WE decided to leave. Sure we could dish out half our income on a tiny, 1950s home with no central HVAC and lead paint in the hood for $800k, but why?? It's not a home you'll want, you'll be surrounded by crime, the taxes are re-diculous, and you'll likely be a few miles away from a homeless encampment. Not to mention there will be non stop traffic outside your window and the schools are horrendous. You'll have to dish out at least another 30k just for a decent school. Then you have to deal with insurance companies that are fleeing the state in droves. This leaves no disposable income for saving, investing, nada. And the whole "you make more there tho" argument is a complete farce. Yes, you make more, but that net gain is all gobbled in cost of living and taxes. We make the same exact income (actually more since taxes are so low) in the Midwest (where I'm originally from) and our lifestyle has quadrupled in value. We have over 4000 sf home, built new, in a quiet suburb where the public schools are one of the best districts in the state. There's no crazy crime or homelessness down the street. We live next to so many outdoor gems and hiking areas. We save and invest regularly and max out our 401ks every year. None of this is feasible in coastal cities. Everyone is nice because no one is stressed over the hustle and bustle. There's also great entertainment and restaurants downtown. All that said, one of Cash's recent videos showed NYC politicians complain that "There's not enough workers". You have to be sh*tting me. NYC is overflowing with workers, they're just not paid enough!! As Cash said, wages basically haven't moved for anyone below the wealthy. That's probably why they don't mind all those illegal immigrants flooding the city. They're replacing working class Americans with people who will live 10+ people to an apartment and will work for dirt cheap. Why do you think they're fast tracking them to get work permits? The American dream is dead in cities like NYC, DC, Seattle, LA, SF, etc. If you ever want to live a relaxing, normal, financially independent life, I recommend you move elsewhere. The walkability and chic restaurants are not worth your mental health and financial well-being. America is so much more than a handful of coastal cities and living pay check to pay check.
@LumpyBumpylou8 ай бұрын
I was thinking about that too I'm like what makes the migrants think that they could afford New York City but then I was thinking yeah they'll live 10 to an apartment and work dirt cheap you're so correct on that the fact that they will live so many to an apartment really does cover their rent
@lgee90278 ай бұрын
You are very smart!!!! Why someone would be paying 4-7 grand on rent is beyond me😂😂😂😂
@redline19168 ай бұрын
Yall voted for it though.
@MsArri818 ай бұрын
This! We live in a modest San Diego neighborhood of 1950s built homes, all worth over $1 million. We rent month to month but it is below market rate; a dinky 2 bed 1 bath 750 square ft. Duplex built in the 1950s. La Jolla is literally one exit up the freeway. But yeah we are just waiting for the other shoe to drop when the landlord is going to evict us to renovate the duplex and charge market rate for the updates??? Which is what landlords have been doing to the duplexes in our neighborhood. Meanwhile, there is a huge homeless problem in downtown and they passed anti camping laws to shuffle the homeless off the sidewalks. NIMBYs doesn't want the city to use abandoned military barracks near the airport to house the homeless because it is a rich neighborhood surrounding it and it would ruin it for them in safety conditions and their home values! Like you, my husband and I have discussed in depth it is time to move out of San Diego since all his hard earned money would be spent on a crappy house and taxes, high utilities etc. It is nice to live near the beach and have awesome weather but we would have nothing to save and put away. We also looked at homes in my home city of Sacramento but that place has gone to hell in a hand basket with Bay Area transplants jacking up the housing market. And they also have a homeless problem. It feels like all the major cities in CA have a homeless problem. A Lack of affordable Housing and rents increases is the primary issue. Now we are looking to move to the Midwest ourselves because of the low cost of living and housing. I also have family in the city we are looking to buy in. It is really sad because California is a beautiful state with so much going for it but if you can't have a good quality of life there, what is the point of staying?
@Atrail_Mckinley47868 ай бұрын
@@redline1916What a stupid comment. I didn't vote for any of this. Nobody votes for rent prices or congestion pricing
@brianmo29658 ай бұрын
A city only for the rich can never survive. If only rich people live there, nobody will want to work the lower paying jobs to afford living there.
@bobdillan53918 ай бұрын
Uh no. Poor people love moving to ski resort towns to ski and they will work crap jobs to try and survive there.
@jame86188 ай бұрын
@@bobdillan5391but not every poor person does that. He’s kinda right ngl
@JackRogers-x9e8 ай бұрын
I… don't think you know how wealth works
@chrisbradley32248 ай бұрын
Have you heard of Dubai? It may not be perpetually sustainable but having an underclass doing menial labor in a city they cannot afford to live in is actually quite common and has been for a very long time.
@shutupMaji8 ай бұрын
@@chrisbradley3224 don't think undocumented migrants with their passports confiscated would translate well to the US
@sammerhead_8 ай бұрын
The biggest issue I have with NYC (and why I’m planning on moving somewhere else in the next couple years) is that it feels like there’s nothing you can do to try to get ahead or mitigate the effects. If you try to save on rent and move somewhere cheaper, you add to your commute, that area might not be safe, your commute might be more expensive (train, bus, congestion pricing etc). If you want to move further out in NJ to save money, you have to pay the commuter tax. If you cut back on eating out and only buy groceries, you’ll find groceries are very expensive (I once saw Justin’s PB for $15 at my local CTown). You pay so much for a poorer quality of life, and it’s only getting more expensive and worse. MTA is not going to use that revenue increase to improve the trains at all. They’re still going to be outdated, dirty and unsafe at night. Stuff like that will never change because the city will always mismanage funds.
@Brooks.Z8 ай бұрын
Thanks for your comment. You live in NYC and are directly impacted by the economy there.
@TheManiple8 ай бұрын
The City does not run the MTA
@ShidaiTaino8 ай бұрын
Where are you seeing PB for 15 dollars?
@kickedinthecalfbyacow75498 ай бұрын
Whole foods?
@Kimberly_Sparkles8 ай бұрын
I'm looking for jobs. The current salary offerings have been dropping since the forced return to office mandates. Most office admin jobs are 55-60K and we're talking about investment firms. It's crazy.
@DavidNeedToKnow8 ай бұрын
What a nightmare. I always thought in Germany and other countries of Europe the situation is fucked up, but in the states it’s even worse…
@lizjoyce48468 ай бұрын
Why some big news conglomerate doesn't pick you up as an investigative news reporter is beyond me! Excellent video thank you Cash
@FABRCTR8 ай бұрын
Because Cash tells the truth and the "big news conglomerates" are paid for by corupt government.
@janish30598 ай бұрын
I prefer him doing just what he's doing to inform the public if he gets picked up to do anything else he'll probably be subject to corruption
@ArtGuy-yo4wl8 ай бұрын
He's better off doing it alone. Legacy media is dying. Also there is no investigative news reporting in conglomerates it's 100% scripted propaganda
@duwaine968 ай бұрын
I think he's making pretty good KZbin money relax
@ItsZexxy8 ай бұрын
They don’t like exposing the truth anymore that’s why, ALL mainstream media is a strong arm for government to push their own narrative
@johnnykeys19788 ай бұрын
In Davos, Klaus Schwab awards a medal to certain NY policy makers, then plays this video for the rest of the audience. At it's conclusion, Klaus announces "THIS is how it's done. I expect the rest of you to start keeping up"
@erinhennessy13938 ай бұрын
Exactly- this is planned
@sarafstop328 ай бұрын
I saw this coming 40 years ago and got out. It's one of the smartest things I ever did. NYC is becoming the land of the very rich or poor.
@QED_8 ай бұрын
Like me (1954), you won the historical lottery: born in an era of middle-class values and prosperity. We'll never see its like again . . .
@michaelfeds68958 ай бұрын
It always has been.
@Person-mh6xq8 ай бұрын
LOL. Sorry to laugh...but 40 years ago? Your comment is just so out of context.
@eligreg998 ай бұрын
@@Person-mh6xqI was gonna say this. 40 years ago life was pretty good for everyone. Even 20 years ago life wasn’t as bad as we made it seem at the time. It’s only recently in this last 2 decades have we started to feel the squeeze
@Comm0ut8 ай бұрын
@@Person-mh6xq No, it isn't because NYC sucked then and has always sucked within living memory. It was much worse in the 1970s and the murder rates prove it. Today ain't chit. I visit family every few years and stop by.
@Justice0988 ай бұрын
In Augusta Ga $100k feels like $200k and you are 2hrs from Atlanta . 2hr from Charlotte, 2.5 hr from Charleston and Savannah. And 1hr from Columbia, SC. It’s a peaceful little town with very kind ppl and mild winters. And there’s actually a lot of rich ppl who live here because of the golf culture
@JJ-qo7th8 ай бұрын
There's a solution to these money problems. It just involves taxing people who can afford to pay but have enough money to buy lawmakers who won't tax them.
@eri_noemi14628 ай бұрын
Taxing the rich isn't going to solve the issue, because the rich will just get up and leave, taking their money to a different country so you can't tax them. And then the middle class gets screwed again.
@jtjoemamma8 ай бұрын
the only real solution... sadly we know how that works
@user-nu2vc9mp5j8 ай бұрын
They can evade tax under proper regulation.such as high operating cost, high debt to be deductible.
@JJ-qo7th8 ай бұрын
@@jtjoemamma With extreme difficulty. The solutions have more or less always been the same. Tangential, but if it helps put things in context: The first recorded labor strike in history happened in the reign of Rameses the Third, over wages that the workers weren't receiving in a timely manner. It's a hard fight ahead, but it's not impossible, and it doesn't have to all be won in one fight. The ultra-wealthy put us here through generations of chipping away at our pay and our rights. It follows that getting them back can still be done in that same incremental fashion. Happy Sunday to you.
@JJ-qo7th8 ай бұрын
@@user-nu2vc9mp5j Then those loopholes need to be fixed and agencies need to be funded and staffed properly to go after tax cheats.
@PatrikPakard8 ай бұрын
Middle class is crushed in every Europe countries as well. Reykjavík, Iceland, a 2 bedrooms is around 2000$ when the average salary is around 3000$. There is no sectors in Reykjavík that is less expensive. Even at 30 miles away the prices are crazy
@easypeasy75848 ай бұрын
Yeah, same in all the bigger german cities. It is impossible to find an affordable place in Berlin or Munich. It is crazy...
@ClaireStylish8 ай бұрын
I’m so glad someone offered this perspective. It’s the same in Czech Republic’s capital as well. Rent prices are insane and the quality to price ratio of the inventory is disproportionate.
@Tallmios8 ай бұрын
@@ClaireStylishEven in Brno the prices are terrible. I live in a shared flat with 3 other people. Our costs of living would double if my girlfriend and I decided to move out. The rents in reasonably-looking apartments close enough to the centre are over half of my gross salary.
@Matanumi8 ай бұрын
Immigration crisis is all over the west. We don't hear shit about Russia or China though (and they have their own problems but housing affordable isn't really one of them)
@jeniferjohnson78278 ай бұрын
Good to know! I’m sorry to hear this
@seanwilliams76558 ай бұрын
This seems to be a trend with big cities in general. They're good for the upper classes who can really enjoy all the amenities, and they're good for poor people who can have access to programs and services to help them, and also get jobs serving the upper classes.
@jmrwacko8 ай бұрын
Most cities don’t have the problems NYC has. Austin, Houston, Orlando, Miami, Portland, Philadelphia… the list goes on and on for cities that are actually affordable for middle class Americans. NYC shares the crown with San Francisco for being pretty much unlivable on a five digit income.
@zamoranyc8 ай бұрын
@@jmrwacko It's happening in Miami and they are going to have a worse problem because people have to drive everywhere, and their insurance rates are going through the roof.
@idk-ol2it8 ай бұрын
@@jmrwacko Portland is the only city on that list that isn't a suburban hell hole and is a growing urban city. There is a reason why this is happening
@dajosee8 ай бұрын
I live in Manhattan and make under 100k, so do most of my friends, life here is awesome. Those Cities all require owning a Car, and some of them have curfews. I walk almost everywhere, I prefer it. Insurance for a Studio Apt. is not bad. @@jmrwacko
@bundevsawhney75788 ай бұрын
@@jmrwacko Austin and Miami aren't really affordable anymore...and Philly has crime to drive out middle class residents more than unaffordability, similarly to here in Chicago
@jg52338 ай бұрын
I have no idea why anyone would want to live in New York. It’s crowded, expensive, loud and chaotic. What kind of live quality is this?
@Philflash8 ай бұрын
I was born in New York and later moved to Los Angeles. I worked in the film production. Even back in the "good times" I looked around and said, "I would live somewhere else if it wasn't for work!" I know people who left in the 60's to 80's to get out of the rat race. Some people like the lifestyle of a high dense walk around community. It's not sustainable anymore! NYC will fall in ruin the same way ancient Greece did, it won't be overnight but it will happen.
@willempasterkamp8628 ай бұрын
maybe like rome or detroit, decline but still alive
@gpeg30768 ай бұрын
So goes New York, so goes the rest of the country. You really don't want NYC to fall.
@the113828 ай бұрын
@@gpeg3076 NYC is too big to fail? I guess that means a fed bailout?
@gpeg30768 ай бұрын
@@the11382 if it means protecting your money then...yes
@lefthanded54738 ай бұрын
New Yorkers keep voting for it though. They deserve it.
@ladypants29728 ай бұрын
As a dancer from the midwest, my dream was to live in NYC back in the 80's. After a few visits and even having a sister living there, I came to the tough conclusion that it would be a very hard place to live without A LOT of money! Something most dancers will never have. Changed my career path, stayed in the midwest and my sister moved to Europe!
@yamiyo60508 ай бұрын
Your ancestors migrated to America just for her to go back to the motherland 🤣🤣🤣
@kickedinthecalfbyacow75498 ай бұрын
NYC in the 80s was very affordable
@Gnosis3148 ай бұрын
When you say “dancer”... We talking ballet or strip club? Just curious
@lorashukuryan41218 ай бұрын
@@Gnosis314So you think there's only 2 types of dance - either ballet or striptease? Really? Do you have any brain cells?
@nom3nnescio8 ай бұрын
@@Gnosis314latter would be exotic dancer
@latoyalynch43258 ай бұрын
Sounds like they trying to lawfully and strategically move people where they want them
@deaconhill2678 ай бұрын
I agree!!! They're doing this on purpose. Nyc has become the new Gotham city.people who are poor and live there will be forced out to the southern states, nyc will only be for the ultra rich and tourists!!! The immigrants will be the new workers, since you don't have to pay them much.
@WayneTwitch8 ай бұрын
They will be fucked lol
@alexe.82248 ай бұрын
That's it... Not to mention there refuge status now. All these American cities shipping migrants here. There cheap economic workforce. The rich and poor only. Middle class gone
@christophernuzzi27808 ай бұрын
I grew up in NYC, but my gf and I left last year and moved to Florida. Our standard of living hugely improved instantly. It's the best decision we ever made. NYC is finished.
@OmarOsman988 ай бұрын
It’s not. Keep telling you broke ass that
@ryanbarker52178 ай бұрын
no one ever retired to NYC for a reason.
@vincentnnyc8 ай бұрын
i heard ppl in floriduh are getting hit with high home insurance rate. double or triple the amount from last year. also heard property taxes going thru the roof and alot of migrants are coming to floriduh.
@redline19168 ай бұрын
@@vincentnnycSpeak like a damn adult.
@shanny39388 ай бұрын
I left NYC in 2003. Since so many people are moving south, eventually the south is going to get expensive too. This already started in Atlanta, Charlotte, and other major cities in the south.
@RitaS08318 ай бұрын
I have been watching your station now for several weeks and although I have never been to New York, I always enjoy your take on what is happening there. I have never wanted to go there and I don't understand the attraction. I've lived in the suburbs of Chicago for most of my life. I don't even want to go there anymore. Thank you for the New York education.
@cloverlief8 ай бұрын
I honestly think you just described every major metropolitan city in the US. New York, Seattle, Los Angeles, San Francisco, Atlanta, etc.
@MrMarkjams8 ай бұрын
Coincidentally all places run by democrats
@yvonneplant94348 ай бұрын
Fwiw I see NY license plates in Philly every day.
@CaptRR8 ай бұрын
So how to other worldwide cities deal with this problem? For instance how does Tokyo deal with this in the worlds largest city?
@lightlng7 ай бұрын
@@CaptRRhow does it? genuinely curious
@lofilex32118 ай бұрын
i left in 2019 and couldn't happier. i miss home sometimes but i felt like a slave working in the city. Literally working for nothing. Now i actually have disposable income, a house, multiple cars and take a real vacation.
@veronicalee59378 ай бұрын
Same here. I saw all this Shit happening back in 2003/2004
@Sykomyke8 ай бұрын
Mark my words: Any laws/policies/changes going into effect in NYC will most likely trickle down to every other city eventually. It may take 5, 10, even 15 years but it will eventually happen. People are seeing through the smokey haze and realizing that NYC isn't that great anymore. It's a dirty city that smells like garbage, overcharges for everything, wants to nickel and dime you for everything, and only wants the super rich to live there. NYC is becoming Elysium, the problem is when they force out all the lower class/lower wage people, who's going to clean their apartments, take out their trash, make their food? The disparity between the ultra rich, the rich, and the middle class has been constantly growing, and eventually it's either going to cause the city to come to a grinding halt or it's going to cause complete chaos.
@2salzig2spucknapp8 ай бұрын
its the opportunity for the lower class to make bank the viewer competitors you have the higher you can charge because the less is avaiable want a clean room? ok this is 4500$ per month sir if your costumer are rich make them pay like it no problem just opportuniies
@Bleilock18 ай бұрын
Lower class isnt here to cook and clean after upper class Upper class is supposed to do those things themselves for themselves Wake up call for everyone
@TheModdedwarfare38 ай бұрын
@@2salzig2spucknappah yes the millions of lower class people should just overcharge for the services that they provide because they will definitely all have an opportunity there and won't oversaturate the market
@PSYxTV8 ай бұрын
You think NYC is the innovator? Wait until you see Miami
@PSYxTV8 ай бұрын
In Miami the service workers cannot afford to live in the city and unlike NY commuting is nearly impossible. Miami has a severe lack of service workers causing a lot of business to have no workers.
@laboheme1258 ай бұрын
I grew up in NYC and when I left in 2006 I wondered if I'd ever be able to afford to move back. I accepted long ago that there's no way I'd ever be able to afford a good quality of life in NY.
@arcanineryu8 ай бұрын
I heard that recently in about 1/6th of the country, youd need full time at $55 an hour to have what would have been lower middle class 50 years ago. Absolutely horrifying.
@Cyndogg0858 ай бұрын
This has happened to us over here in the San Francisco Bay Area. It is so horrible. We have good jobs but are still considered poor. Most of our friends/family have left. All kinds of rich and all kinds of homeless together in one place. Crime has gone up. Politics are more ridiculous than ever.
@nicholasthompson76908 ай бұрын
I have family in CA. I'd NEVER live there.
@ryanbarker52178 ай бұрын
i somewhat follow what's going on in SF, oakland, and LA. as SF goes so goes CA and so goes the country. i wouldn't know what to do if i went three days without a high speed pursuit in LA, another store closing in SF, or calls to recall price and/or boobzilla, whatever the mayor's name is (thoa? something like that). you couldn't pay me to live in any of those places or CA in general. SF in particular has got a doom loop going on, and it's 100% their own doing. london breed has got to be one of the dumbest mayors in the country, she's dumb even for a 'progressive'... which she may not be today, depends on which way the wind blows as she's got no backbone to speak of.
@accaziahs.1808 ай бұрын
When you vote for 💩 ...... Well then you get 💩 apps so you can avoid stepping in it. I have a difficult time feeling bad for your choices. Why do that to yourself?? Arnold had California in a strong grip. Venice Beach was beautiful!! Now it's a 💩 hole. Please stop that n do better. Salton Sea was Sonny Bonos baby. he passed and y'all robbed him blind now the Salton Sea is literally a toilet. Sadness is an understatement.
@KingSally928 ай бұрын
My parents have a house paid off in San Antonio,TX. Im definitely considering leaving. Folks out here voting blue and surprised whats happening, fucking idiots out here.
@SourBNU8 ай бұрын
Hold up that L with pride you 🤡
@GoldRaven-oe4by8 ай бұрын
The words "charm" and "new york" are two things that should never be together.
@blaket18418 ай бұрын
There should be a law where if they add a new tax they have to remove an equivalent tax elsewhere. Constantly adding new taxes is unsustainable.
@michaelfeds68958 ай бұрын
lol'ing all the way back in time in my time machine.
@jthompson61898 ай бұрын
Corporations should not be able to buy real estate, that will solve the problem overnight.
@ThexXxXxOLOxXxXx8 ай бұрын
You know too much who told you?@@jthompson6189
@blaket18418 ай бұрын
@@jthompson6189 Something I agree with and it's also alarming that China had bought up a large portion of our farmland before anyone seemed to notice. I've lived in other countries where you actually needed a sponsor to operate there so technically you didn't even own a business in it's entirety this other country. I don't think laws need to be that strict, but we certainly need something protecting residential costs so there doesn't just end up being an elite and a serf class.
@rcgman12178 ай бұрын
End fraction reserve banking, remove the small hats from politics, and let men be men and women be women.
@artek888 ай бұрын
I've been living in nyc the past 8 years and have followed you since your early days of apt tours. Just wanna say when I order food and need something good to watch and see a upload from you, its an automatic click. You're up there with action bronson for casual entertaining and informative content. thanks man.
@Greg076238 ай бұрын
I’ve lived in Manhattan for 46 years, bought my home in a luxury building in Lincoln Center area at the bottom of a real estate cycle and my housing costs are very reasonable (no mortgage, only mtce & property tax). Still, the overall cost of living here is ridiculous and quality of life is a joke. NYC is falling apart under Eric Adams…worst mayor ever. If he’s re-elected I have no doubt that I will sell and go elsewhere.
@claudtalkz21948 ай бұрын
@@user-jx6ct9mk8eyou can’t spell, put a reasonable sentence together, and are spiteful. I’m sure you’re a real success story😂- simmer down with the advice, winner😂😂😂
@ken40168 ай бұрын
Quit voting for democrats!!!
@RT-qd8yl8 ай бұрын
You couldn't pay me to live in NY. All the criminals are the ones with the guns, and you're not even allowed body armor to protect yourself. It's almost like they literally want you to be shot if you're a regular everyday person.
@SpeedKing..8 ай бұрын
Can you please tell me where they misspelled something? I'm still learning English and can't see the mistake@@claudtalkz2194
@josenavia43068 ай бұрын
Don’t sell! Rent!
@tydaley62188 ай бұрын
I lived in Brooklyn (NYC) for 45 yrs and moved to Philly last year. It’s close enough to visit and we get 3x more space for 3x less money depending on neighbor but at least there’s options.
@junicornplays9808 ай бұрын
Philly is incredibly underrated. I'm from NYC and went to college there and remember being able to use a mix of SEPTA, NJ Transit and the Subway to get home. It took a long time but it was cheap. My parents recently moved there from NYC and are happy.
@alexspearing31917 ай бұрын
I lived in both cities, West Village in the mid nineties and Old City in 2010 and they were affordable at the time. Had a blast in both cities. I would visit Philly over NYC though.
@davefisch-y1t8 ай бұрын
I think it’s safe to say the word middle class is very different now.
@justjimmy7658 ай бұрын
Exactly. Also, a former cash society is now a credit society. Not a lot of people are looking at the definition of the word anymore.
@davefisch-y1t8 ай бұрын
@@justjimmy765 yes most people live off of credit. Very true. Too expensive.
@assassin86368 ай бұрын
@@davefisch-y1tis this always the case?
@Arkelk20108 ай бұрын
Cash, I am glad you are addressing issues, not just showing apartments in your videos.
@LeeLloyd8 ай бұрын
The situation here in Los Angeles isn't much better, even though a ton of people from NYC have moved here, thinking it would be a lot cheaper than it actually is. We have the same exodus of middle class to other states.
@xblade112308 ай бұрын
Los Angeles is a bigger shithole, there's no equivalent to skidrow in nyc
@Philflash8 ай бұрын
I had moved from New York to Los Angeles, at the time 1994 it was slightly less expensive.
@AK255.8 ай бұрын
Not really Los Angeles is just as worst. You need a car to actually get anywhere which is already more expensive than NYC transit system. Plus you got more homeless people around cause its decently warm all year.
@LeeLloyd8 ай бұрын
@@AK255. Oh yeah, I was just taking about the housing prices and general unaffordability, but the homeless situation out here on the West Coast is completely out of control. It's a straight up zombie apocalypse.
@kaleyjoplinRAWRR8 ай бұрын
Yeah I’m from LA, still here but it is so expensive and middle class is disappearing here too
@lilysenpai86048 ай бұрын
The fact so many people allowed you to put them in the video feels like a cry for help- 😢
@Nightlysirens8 ай бұрын
I had to buy a car in nyc because I worked later shifts- which in that case the mta’s overnight service was horrible and very unsafe. Ubers were so expensive it cost exactly what a monthly insurance payment would cost. You hit every problem an average poor/middle class New Yorker faces. Thank you for showing the rest of the world
@cbreezy8 ай бұрын
And the rest of the world, including me, is just like then move. 😂
@profitmuhammed8 ай бұрын
The rest of the world is laughing, as the government provide a better safety net than sending billions for other countries war
@md41118 ай бұрын
Gtfo NYC then
@steve-marsh8 ай бұрын
This is like my whole university dissertation in one video. Amazing work my man!
@tiptapkey8 ай бұрын
I saw a NY Times article where a woman bought a closet sized apartment (at least to my eye), for about $800k. I don't think many NYC residents understand just how insane the place is because they live in that NYC bubble.
@CarolLustgarten8 ай бұрын
Why would anyone live in nyc. I lived there for 9 years. Left in 2021. Sold my co op. Did take 7 months to close but so happy 😊😊😊I left. My friend wants to move but still works. Has to wait 2 and a half years for her pension 😊. She's a teacher. Then she's getting out.😊😊😊😊
@snickerdoodle2128 ай бұрын
Was born and raised in NYC. It hurt when I had to leave but I just couldn't live in poverty anymore.
@knightfox41218 ай бұрын
Where did you move to?
@a1kev8 ай бұрын
@@knightfox4121wouldn't you like to know?
@gustavoaragon8668 ай бұрын
Don't feel hurt. NYC as a city don't care agout its residents,it only cares about taxing you and taking every penny you earn. Your happines and wellbeing is more important than living in a big city. I am a grown floridian who lived in NYC for 20 years. I am back to orlando and feel so reliefed os stress and anxiety. My wife love orlando even though she were raised in NYC until we moved to orlando. Now my kids are healtier,they can be outdoors all day,everyday. Playing and seeing them so full of joy means everything. NYC is a toxic place to be if you live as regular foe.
@mrorganic138 ай бұрын
As a poor person hearing “leaves you with $36,000 after living expenses” hurt my soul since that’s is my BASE salary, before living expenses before taxes, like I’m jealous lmaoo why do I suck
@BinaryDood8 ай бұрын
Mine doesnt hit the 5 digits. But im freelance
@MouldyCheesePie8 ай бұрын
Money =/= your worth. You get very great people who don't earn much, and you get complete morons who are born rich.
@shosc168 ай бұрын
It’s not after expenses. It’s your purchasing power
@maximilianodelrio8 ай бұрын
36,000 poor? Really?
@mrorganic138 ай бұрын
@@maximilianodelrio lol what would you call it?
@sft40818 ай бұрын
I’m proud to live in a tiny tiny cow town. 40 min for gas & grocery….its the best…post office only open 3 days a wk…perfect
@LilyGazou8 ай бұрын
Perfect. I would love to live by horse and wagon travel.
@jonathanmelia8 ай бұрын
It happened in London as well.
@madbadhatter8 ай бұрын
Trust me, this is exactly the same in London and likely many other major cities. And if the middle class are suffering then the working class are REALLY suffering! What a crappy world its becoming, sad times!
@searklarak8 ай бұрын
Even earning $100k a year isn't enough to enjoy life and not be broke in NYC. Must be rough for college grads and everyone else just trying to stay alive after paying all the bills.
@SpaceRanger1878 ай бұрын
anywhere in the US. After taxes its only 6k a month. by time you pay insurance,food, car payment. not much left
@gameonyolo18 ай бұрын
Students get housing paid for, either living with parents, loan-dorm- or parents pay. With a decent job and being frugal you can actually live off dollar pizza or order the most protein per dollar from McDonald's, used to be McChicken but now idk, wendies 4 for 4 was a banger too, littarly lived off that for a half a year. And you can get four lokos, cheapest per alcohol unit. It comes down to like 20 a day if you eat out for every meal like that and get piss drunk every night😹. New Yorkers also grew up on the steers if you're not super rich so everyone learned at a young age how to get around on the MTA for free, where to hangout at public parks and whatnot and that's the norm. Not many 3rd spaces like bars though that are even relatively affordable
@Refresh6368 ай бұрын
Taxes kill people that 100k quickly becomes 70k then 60k if you put into 401k. Now $5000 a month food + insurance is $500 Rent $2000-$3000 Bills - $500 (phone, internet, etc ) Left with $1000 if you’re lucky. Possible 12,000 a year. I mean it’s not bad to go on a little vacation and save. You’re not gonna save for a house though. I
@nicholasthompson76908 ай бұрын
I fled ny in March 22. moved to sw Ohio
@OmarOsman988 ай бұрын
NYC is completely livable on 100k. You people just want to live above your means
@JoseTwitterFan8 ай бұрын
"80% of my salary goes to rent alone" *JESUS CHRIST,* how could anyone survive like this?!? The landlord class really gotten NYers by the balls!
@David-vm6uj8 ай бұрын
Do the math... 100k brings you home $1500 take home a week. Rent is $3200 subway $125 car $400 insurance $200 etc.... You're left with negative
@PSYxTV8 ай бұрын
@@David-vm6ujmost of the NYrs who dont drive are paying these rents lol
@sackofpeas24708 ай бұрын
The landlords are charging the price that the market dictates for their buildings. The more people that move to NYC, the lower the supply of housing becomes, which in turn increases the value of housing as more and more people continue moving to the city.
@mchonkler72258 ай бұрын
Meanwhile, they put illegals in fancy hotels and load $5k on a debit card for them each month.
@andrewnef18 ай бұрын
Yet renters will still keep paying and never mount meaningful resistance
@blueprint01628 ай бұрын
We have the exact same problem in the UK.
@madebyaqn8 ай бұрын
Well said Cash. Thanks for your continual reporting on this!
@goldy35828 ай бұрын
grew up in NY. moved 25 years ago. lived a much better life. much better than my parents
@mahdman38 ай бұрын
Which city and state did you relocate to? I'm born and raised in this cesspool and planning my great escape after serving over 30 years with my company.
@Krose3338 ай бұрын
❤❤❤
@XelaJN8 ай бұрын
Around 25 years ago was prime NYC. Just after 9/11 when the city really came together. A whole different city now
@suaveclt8 ай бұрын
Average rent in Tokyo is $1000/month yet it's a bigger city. New York is a disaster.
@perrywinkle50008 ай бұрын
You are correct, but keep in mind that Tokyo isn't a city. It's the prefecture, and this is a common mistake. "Tokyo City" doesn't exist. Each part of Tokyo is its own city with its own local government. So, a more accurate measurement would be to compare the rent of the entire state of New York to Tokyo. But even if you took the most expensive city in Tokyo, it likely wouldn't even compare to the nightmare that is NYC.
@someitguy21758 ай бұрын
You also don't have economic growth in Tokyo....then again neither does modern NYC 😅
@dertythegrower8 ай бұрын
Den of Thieves.. just like S.F
@kathleendavis11458 ай бұрын
No kidding
@dertythegrower8 ай бұрын
@@perrywinkle5000🙈no
@spookybells50995 ай бұрын
Thanks for talking about this!
@gumby51258 ай бұрын
Just driving into the City from outside in the World is a nightmare, the tolls and lack of services for big trucks is insane, and by God don't make a mistake and turn down a wrong street, you may wind up stuck for days on end. The last load i ran to New York in 2007 was like being put into a labyrinth with no way out. Following my company's directions proved extremely dangerous. I was stuck in the Bronx trying to get around a corner on a narrow street and cars were parked illegally on both sides, i couldn't take the turn with my 53ft trailer, until a Horse mounted Cop demanded that I go, regardless of the damage to the cars in the way. I literally crushed a Toyota just to get through the curve. After all this, I had to wait in my truck to deliver in the morning, No lighting anywhere in a bad neighborhood. No thanks, ill never return to that open sewer!
@keilana68 ай бұрын
😱
@hunterericson67828 ай бұрын
whoa cool !!
@Woketard8 ай бұрын
There's 330+ million living in America. Welcome to the problem of overpopulation.