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0 pointstempsy2y ago0 comments

A "booming" NYC is not necessarily a purely positive thing.

SF and NYC used to be fairly comparable as far as cost of living goes but now renting in SF is comparable to a dozen other metros (eg. $3k for a 1 bed, under $4k for a 2 bed) but in NYC it's a now an absurdly expensive outlier eg. $5k+ for a 1 bed in a convenient area in Manhattan or Brooklyn.

Beyond that eating out/going out/uber+taxis all seemed much more expensive in NYC than SF when I visited last month.

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woodruffw2y ago

NYC is indeed absurdly expensive (and getting worse), but: you're being taken for a ride if someone is trying to rent you a 1BR for $5K.

I live in a convenient (and "cool") area and pay less than a third of that. The only 1BRs that I'm aware of that go for anywhere close to that are "luxury" rentals, which tend to be worse anyways (newer construction means thinner walls, etc.).

tempsyOP2y ago

You're suggesting paying $1600/mo for your own place is a really good area of NYC is more the norm than paying $5k?

That's simply untrue. Average 1 beds on Zumper for all of Manhattan is $4k. In more central areas downtown it's absolutely going to be more right now. https://www.zumper.com/rent-research/manhattan-ny

And if you rent something that requires a brokers fee then that's another ~2 months of rent you're paying on your initial lease.

woodruffw2y ago

I said I live in a "cool" area, not midtown Manhattan. I don't live in Manhattan at all, although I did for over 20 years.

Looking at 1BR rentals in Bushwick and Ridgewood (not my areas, but similarly considered "cool"), the average is between $1800 and $2500. Studios average $1400 and $2100.

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0 pointstempsy2y ago0 comments

A "booming" NYC is not necessarily a purely positive thing.

Beyond that eating out/going out/uber+taxis all seemed much more expensive in NYC than SF when I visited last month.

0 comments

woodruffw2y ago

NYC is indeed absurdly expensive (and getting worse), but: you're being taken for a ride if someone is trying to rent you a 1BR for $5K.

tempsyOP2y ago

You're suggesting paying $1600/mo for your own place is a really good area of NYC is more the norm than paying $5k?

And if you rent something that requires a brokers fee then that's another ~2 months of rent you're paying on your initial lease.

woodruffw2y ago

I said I live in a "cool" area, not midtown Manhattan. I don't live in Manhattan at all, although I did for over 20 years.

Looking at 1BR rentals in Bushwick and Ridgewood (not my areas, but similarly considered "cool"), the average is between $1800 and $2500. Studios average $1400 and $2100.

2 more replies

j / k navigate · click thread line to collapse