What is Digg?120 Comments
- biogears, on 09/02/2008, -2/+74Prices go up, people complain and write articles. Prices go down, people complain and write articles.
- jgatz, on 09/02/2008, -3/+50wait...............
you mean the 1.6M i spent on 1 bedroom in SOHO was a bad investment
no!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111111111111111111oneoneone - inactive, on 09/02/2008, -1/+22Giant monsters drive prices down
- HillerMylife, on 09/02/2008, -0/+21Unless my rent starts going in the opposite direction, it doesn't mean much for me :/
- necbone, on 09/02/2008, -2/+20Aww.... poor rich people..
- zombiecarlin, on 09/02/2008, -0/+14$3,400 a month for my 1-bed, maybe next year I can negotiate a decrease in my rent, and maybe pigs will fly.
- mgnyc11, on 09/02/2008, -2/+14But you live in a city that shot the president.
- insanebrain, on 09/02/2008, -2/+13moral of the story. . people will always write articles.
- MOJIRA, on 09/02/2008, -0/+11Didn't you hear? P. Diddy has to fly commercial now... COMMERCIAL!!
- i4ybrid, on 09/02/2008, -1/+12Are you goth or black? It sounds like you are one of the two and living in NYC.
- yayster, on 09/02/2008, -2/+13But you are in Texas....
- aspec, on 09/02/2008, -1/+11This would seem like a relevant observation except that people get paid to complain and write articles.
- inactive, on 09/02/2008, -1/+10and this people is what we call going off on a tangent
- inactive, on 09/02/2008, -1/+9cops, like everyone else, just laugh at goths. stuuuupid comparison. stupid joke
- Tanbo, on 09/02/2008, -4/+12It's a tangent, but it's a valid point too.
Sometime after 9/11, I was outdoors, in cooler weather, wearing a jacket and scratching my sweater underneath my jacket. Cop thought I looked suspect and approached me, telling me I'd better be careful or he'd have a gun to my head.
NYC Police are really deranged human beings. - myklee, on 09/02/2008, -3/+11there is a reason why your rent is so cheap. you are comparing dallas to nyc. give me a break...
- 9mmCensor, on 09/02/2008, -1/+7The world is going to end?
- BradOFarrell, on 09/02/2008, -1/+7Manhattan is a lie. You can live in Queens or Brooklyn or northern Manhattan and as long as you're close to a subway stop you're only 20 minutes from anywhere else in the city. (And you're always 20 minutes from anywhere else in the city, even if you live in SoHo). And you can find places for under $500 a month that are near good subway stops, you just gotta look. I'm a 20 minute subway ride from Times Square and I pay $460.
- MxM111, on 09/02/2008, -0/+5You have missed the third option - prices stay the same. (then both camps of people will complain)
- joe122370, on 09/02/2008, -0/+5or you could move someplace normal and for $3400 a month have a 2500 sq ft house with 4 bedrooms, 3 car garage and an acre lot
- BradOFarrell, on 09/02/2008, -0/+4Or move to the other side of the other river to Queens. I pay $460, I'm 20 minutes from my office in midtown and my room is huge.
- MattL920, on 09/02/2008, -0/+4Sale price of apartments have dropped. Meanwhile my manhattan rent is still three ***** a month, plus one for deposit.
- WhiZa, on 09/02/2008, -2/+6And only after 200 diggs. Apartment prices aren't the only thing that's falling in Manhattan.
- protodon, on 09/02/2008, -1/+5Wow so now i only have to pay $600,000 for an 80 sq ft apartment? That's a steal!
- zombiecarlin, on 09/02/2008, -0/+4Depends on the apartment, a 400 square foot 6 storey walkup shoebox above a bagpipe store can seem like a bargain on Craigslist,
- evildemonic, on 09/02/2008, -0/+4In Boise, ID the average rent on a 1500sq.ft. house on a 1/4acre lot is about $495 month.
- DragoonWraith, on 09/03/2008, -0/+3In my experience (knowing a bunch of NYPD personally, but not having been particularly close to any), for the most part they do try to do what they think is right. Most of them are very tired, very cynical, and very... kind of depressed. Having a job that's that stressful and paid that little and had so few opportunities for moving upward is just rough.
I'm with theartfuldodgr, you need to increase the incentives for the police force and raise the standards. Unfortunately, in a city as large as New York, it's really, really hard to do that.
Really, though... I'm very sorry that this is your opinion of the city. NYC really is a wonderful place; I think one of the biggest offense any police officer could have done to you is ruin that for you. - Narcism, on 09/02/2008, -0/+3@joe
The average salary in lower Manhattan now is more than $115,000, and about $550 million is spent there annually by employees of businesses below Chambers Street.
http://www.observer.com/2007/stats-aplenty-report- ...
http://www.payscale.com/research/US/State=Oklahoma ...
The best I can find - inactive, on 09/02/2008, -4/+7Every time I consider moving to NYC, I look at the ridiculous rents and decide not to. If I moved to NYC, I'd barely be able to afford a hovel less than a third the size of my current residence.
I live in Dallas, TX. I rent a 1500 sq. ft. townhouse (2 story, 2 bedroom, 2.5 bathroom) located right next to a huge shopping center in a neighborhood that's not the ghetto. Guess how much the rent is? Just over a grand per month (it'll be a bit closer to $1100/month when I renew my lease though...). I'd never be able to afford anything close to that in NYC. In NYC, I'd be paying more than that for a less-than-500 sq. ft. one-bedroom hovel in Hell's Kitchen.
I recently spoke to a cousin who lives in Manhattan. I managed to get her intensely jealous of my townhouse by saying "the master bedroom alone has two walk-in closets". - readme, on 09/02/2008, -0/+3Manhattan real estate is ridiculous. My place increased nearly twice its worth in the four years I have been there. If I had to buy today I could not afford the place, which is scary being it's just a one bedroom on the third floor. Not to mention the maintenance costs are more than the rent on my first apartment.
You can't beat the convenience if you work in the city, but unless you're pulling in 200k+ a year it's nearly impossible for the average person to afford Manhattan. - tekhna, on 09/02/2008, -1/+4And the job market is still f*cking bad.
- sonicomega, on 09/02/2008, -2/+5No Sir, I dont like it!
- MOJIRA, on 09/02/2008, -0/+3Uhh, you might try and get a lower rate from your landlord/lady?
I don't know how it works in Manhattan; but here in Orlando, if you just threaten to move out they'll knock your rent down 30-100 a month. - inactive, on 09/02/2008, -1/+4Well, yeah. I'm saying that's why as cool as living in NYC might be, I like having a nice place to live too much to move there.
- KyjL, on 09/02/2008, -0/+3Brooklyn or Queens, buddy. Brooklyn or Queens.
- MOJIRA, on 09/02/2008, -0/+3They're not that expensive on Craiglist... what gives?
- dystra, on 09/02/2008, -0/+3this actually needs to happen... prices are still outrageous
- n3demonic, on 09/02/2008, -0/+2I wouldn't "threaten" to move but I think it's a good idea to discuss it with your landlord.
- inactive, on 09/02/2008, -2/+4***** yards. And Green stuff. All it does for you is flair up your allergies and require you to cut it once a week.
I'd much rather have a doorman. - diggydougie, on 09/02/2008, -0/+2Hey, that's our biggest tourist draw.
- joe122370, on 09/02/2008, -0/+2@lisa
exactly, I'm in tulsa and could definitely have that for that kind of money
narcism-
you are blinded to the rest of the world with your east coast mentality. Plenty of high dollar jobs here in Oklahoma. People driving Bentley's, Aston Martins, Ferrari's - diggopolous, on 09/02/2008, -0/+2The article gives the impression that new developments in NYC are still somewhat immune. Not so. There are many people that bought into a new development and went into contract that they would own a unit upon completion of the development so they lay down $60 grand on a apartment that listed at a million. But Now as time goes on and the developers are panicking the value of likewise units are going for 800K and heading south. People are walking away from this b(and forfeiting their 6oK) because the unit already is "under water" before they even closed!
- Narcism, on 09/02/2008, -0/+2@whoever. But the salaries are less in Oklahoma champ.
- Rotzooi, on 09/02/2008, -0/+2Dude, it's still Oklahoma.
- DragoonWraith, on 09/03/2008, -0/+2Haha, yeah, that's NOT how it works in Manhattan.
I used to work for a real estate company; we were "landlords" of around 50 buildings in the city.
We LOVED it when people moved out. That meant we could raise the rent. There was NEVER a shortage of people looking to rent a space.
Demand in New York is just waaay too high for that.
I dunno, maybe now this is changing; prices dropping might indicate a lowering of demand (don't know nearly enough economics to say), but at least when I worked there your average landlord's response to that would have been "is that a threat or a promise?"
The company also bought and sold buildings (actually, that was the primary goal; rents were just for while we held onto them) - vacant units were a significant factor in INCREASING the value of a building. - whoreable, on 09/02/2008, -1/+3I hate people too much to live in a cramped metropolitan area. I wouldn't live there for free.
- DragoonWraith, on 09/03/2008, -0/+2Ya know, it's amazing how alone you can be in a city of 8 million people if you want.
I mean, New Yorkers are famous for not paying attention to one another. It's pretty true. Everyone just goes about their business and doesn't really notice or pay attention to anyone else, for the most part. A lot of people find it vaguely rude or unwelcoming, but really it's just a kind of desensitization thing. There are too many people to notice each one. For the most part, if you stop a New Yorker (say, to ask directions), they're quite polite and happy to help.
But if you don't look for attention, you won't receive any, generally. Unless the mere presence of other people bothers you, avoiding people you don't like can be very easy.
Just playing devil's advocate. - dhirajj, on 09/02/2008, -0/+2a million doesn't buy you a three bedroom
- aduck, on 09/02/2008, -0/+2yeah that's what I'm doing. $3800 in rent for a 2 bedroom (890 sq ft) and another $350 a month to park a small car is starting to seem like a bad idea. Leaving NYC and building a 2700 sq ft house on almost an acre with a pond full of fish. Gotta try something different every few years. I've been stuck in the same job for 4 years, so I'm hoping it isn't too difficult to find something near the 2nd largest city in the state in a field I actually want to work in.
- BESTenemy, on 09/02/2008, -0/+2Along with the cooling real estate market the rental scene is going to temporarily heat up, as the people are forced from thier "investment" homes into rental units. As money and credit continues to evaporate, eventually the rental prices are also going to have to come down, but don't bet on it for at least another 2 years. People still have money to loose. When they're too poor to rent, the relief will come. The question is whether we'd be able to last till then ourselves.
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