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Trulia got foreclosures under 200k in NYC
60,000 NYCers Apply for 14 Rent- Controlled Micro Apartments (255 sqft- $950 to $1450) vol Carmel Pl
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Young professionals want to be around the "cool" areas, that includes the clubs, restaurants, shows, the arts etc etc... if these downtown areas get to a point where only wealthy, older people live the entire Place becomes a suburb with buildings instead of houses.
The entire culture of NYC is HEAVILY based on the diversity and the options.. those options are based on different cultures mixing & the middle class people being able to influence the areas. Once ALL of that is pushed out the excitement is gone, the diversity is gone, And the night life becomes dull. Once that is the case many people will take flight to wherever that feeling and environment has fled too, because the rich and business people for the most part aren't the creators of culture, their just the money behind it.
surely i'm not saying the inner cities will "Fail", just the ease of having public transit close, closer to office space, more amenities etc etc. However those aren't the only things driving these young people into the city. I honestly think once gentrification has truly been completed in NYC, the entire luster of the city will fade because NYC was known as being creative, having this all around personality that not many other places in the world have.... when you drive all of that out i forsee it becoming less and less appealing to the youth.
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It's all getting too expensive b. DC, NYC, LA, SF, etc... It's crazy to see what the future holds.
We can't all fit in ATL
We can't all fit in ATL
al audi
Banned
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It's all getting too expensive b. DC, NYC, LA, SF, etc... It's crazy to see what the future holds.
We can't all fit in ATL
I mean wtf man
The future is going to be real.
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Other NTers in this thread say the culture is dying. I am sure it is, you know DC used to be chocolate city
far from it now, the culture is almost dead. Young kids do not care about that culture stuff as much as you think , being able to say "I live in Manhattan" > culture. How old are you @tyisny ?
How can culture stay if natives are moving out and transplants are moving in?
@Al Audi look up some properties in your downtown area. Down payment will be 25% plus closing cost on top of that.
Like I said it depends what you are looking for condo, townhouse, small apartment building, triplex, duplex , etc.
far from it now, the culture is almost dead. Young kids do not care about that culture stuff as much as you think , being able to say "I live in Manhattan" > culture. How old are you @tyisny ?
How can culture stay if natives are moving out and transplants are moving in?
@Al Audi look up some properties in your downtown area. Down payment will be 25% plus closing cost on top of that.
Like I said it depends what you are looking for condo, townhouse, small apartment building, triplex, duplex , etc.
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al audi
Banned
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I'm reading everything but like the comment under you.
It's not just NYC.......so then what???
Also besides the MAJOR cities this is going on in smaller areas and towns..........I dunno man.
The culture and entertainment will still be there you just have to be able to afford a ticket.........
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It's all getting too expensive b. DC, NYC, LA, SF, etc... It's crazy to see what the future holds.
We can't all fit in ATL
They gonna start building up in ATL next. Just realized they tore down bowen homes years ago that was only the beginning. I give it 20 years and we will be having the same conversation about ATL that we are having about NYC
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but at the same time :x + 
if these micro-units are indeed the future on NYC housing, rents will continue to go up.
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Expandable table seats 12 
Apartment can't even fit 12
Apartment can't even fit 12
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When you think about it, it's the same ol same ol. The older generations have long money, and are more established so they're trying to make a buck off of the younger generations and when the smoke clears, we'll be trying to rectify it. Boomer generation and some Gen X screwed up the nation imo.
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They're building new apartments crazy throughout the city. Ridiculous.
2350 a month for a Lego Put together home...Nawl.
Just move to Jersey City/Hoboken, take the Holland Tunnel and be done with it.
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Yea was down around Atlantic station couple months ago, and seen so many new projects.
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in downtown honolulu, right where i live, there's a huge flux of luxury condos being built. the concession is that "affordable" units will also be available. these units are generally averaging about 600k+ for a 2 bedroom apartment where you'll also be paying $800+/month for maintenance fees on top of your mortgage and utilities. local people are being pushed out of the nicer parts of the city and even crappy spots are becoming expensive to live in. guess it's happening all over the big cities.
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Well i guess da elephant in da room is where are people being displaced to? Where are da migrantion patterns pointing to?
I just noted a NYC to PHILLY connection...
I just noted a NYC to PHILLY connection...
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Which isn't better since PA aint much better.
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[
That's my point as of now, although there has been clear gentrification in these major cities a lot of it was strictly effecting what people deem the "lower class", So to use NYC as an example. People got pushed from Manhattan & downtown Brooklyn. some of these people indeed did move out of the state, but A lot went deeper in BK, Queens, BX, Westchester etc etc. So although they couldn't afford to live "IN" the city, it's not difficult to get from the other boroughs to Manhattan. Making it seemingly easy for the lower/middle class who were forced from living there to still have an impact in these neighborhoods. However at the rate NYC is moving this same group of people are gonna get priced out to a point where they can't remain in the borroughs at ALL. when that happens i think you will really see the culture and diversity completely gone from NYC, as of now it has taken a slight hit but it's still there.
However once the lower class/ middle class are completely priced out, the only people remaining will be the "upper class" the same upper class who won't be paying 2500 to live in a shack because it isn't beneficial for them, In america the Upper class is statistically in their 40's & up, with families, & majority white. That demographic and the calm family oriented culture it brings is what A lot of young professionals left their home states for.
NYC has to cap this at some point, if you allow for the middle class to also get priced out, i think NYC as a whole will suffer because the upper class are usually much smarter with their money & won't be tricked into being laughable rent prices to live in a box like many of the younger generation has no problem doing
That's my point as of now, although there has been clear gentrification in these major cities a lot of it was strictly effecting what people deem the "lower class", So to use NYC as an example. People got pushed from Manhattan & downtown Brooklyn. some of these people indeed did move out of the state, but A lot went deeper in BK, Queens, BX, Westchester etc etc. So although they couldn't afford to live "IN" the city, it's not difficult to get from the other boroughs to Manhattan. Making it seemingly easy for the lower/middle class who were forced from living there to still have an impact in these neighborhoods. However at the rate NYC is moving this same group of people are gonna get priced out to a point where they can't remain in the borroughs at ALL. when that happens i think you will really see the culture and diversity completely gone from NYC, as of now it has taken a slight hit but it's still there.
However once the lower class/ middle class are completely priced out, the only people remaining will be the "upper class" the same upper class who won't be paying 2500 to live in a shack because it isn't beneficial for them, In america the Upper class is statistically in their 40's & up, with families, & majority white. That demographic and the calm family oriented culture it brings is what A lot of young professionals left their home states for.
NYC has to cap this at some point, if you allow for the middle class to also get priced out, i think NYC as a whole will suffer because the upper class are usually much smarter with their money & won't be tricked into being laughable rent prices to live in a box like many of the younger generation has no problem doing
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I think you missed the link that Millenial posted...but we will see in about 10 years.
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isn't this basically how a city like paris is structured? within the city of paris it's super expensive and surrounding it they have these isolated suburban slums. maybe that's how us cities will end up being set up in the future
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Oh no i read it, but even then that doesn't really change anything for me. if anything 30+ year olds & baby boomers wanting to move into the city gives developers even more reason to hike rent prices. meaning more and more upper class citizens in the city, meaning less and less diversity, and less and less options, and even less lure to explore these big cities.
But with that said i think it will take much longer than 10 years i say 20-30 before we really start to see this backfire.
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you should come around East Atlanta/Lil 5.
they just built a small condo/apartment complex in the East Atlanta Village, and they are working on more apartments right outside of Lil 5 across from the Edgewood shopping center.
two places i would never expected to see modern complexes start popping up.
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not related to nyc, but small housing related...
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I drive home from Manhattan every day and as I'm going into LIC, I notice all these residential buildings and said to my we'll "where are all these people coming from that they building all these apartments?"
But I guess they coming from somewhere for them to be building
But I guess they coming from somewhere for them to be building