What is middle-class in Manhattan? -NYT

jumpman91

jumpman91

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Only way to save New York is to get rid of rent control. Too many losers taking advantage of the system and it forces rents up for the people who actually contribute to society, ultimately resulting in the middle class getting squeezed out.

http://www.nytimes.com/2013/01/20/r...e-class-in-manhattan.html?pagewanted=all&_r=0
“When we got here, I didn’t feel so out of place, I didn’t have this awareness of being middle class,” she said. But in the last 5 or 10 years an array of high-rises brought “uberwealthy” neighbors, she said, the kind of people who discuss winter trips to St. Barts at the dog run, and buy $700 Moncler ski jackets for their children.
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Get your weight up, not your hate up.
“My niece just bought a home in Atlanta for $85,000,” she said. “I almost spend that on rent and utilities in a year. To them, making $250,000 a year is wealthy. To us, it’s maybe the upper edge of middle class. It's horrifying.
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Self-entitled whiners. Nobody is forcing you to live in Manhattan.
Now Ms. Dent is a Web designer in Cork, Ireland, living a regular middle-class life, and unable to imagine why anyone would want to stick it out in Manhattan on a moderate income.
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In other words, a lot of people feel special that they live in New York but really they just exist in New York. The city is NOTHING special anymore. Don't let New Yorkers tell you any different.
 
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What was the point of creating this thread if it was going to turn into the usual NY hate thread? You may not think there's anything special about it but many do including those moving in from the Midwest with their parents checkbook in tow.

There is no middle class in Manhattan. It has always been that way. You either have or you don't. It didn't help that Bloomberg commercialized the hell out of the city and allowed NYU as well as Columbia to spread beyond their borders without consequence. The effect of that has forced people who could traditionally afford Manhattan to move to the outer boroughs where rents have gone through the roof because of what they are willing to spend.

For those who aren't from here, people who lived in Manhattan wouldn't dare go to any of the outer boroughs especially Brooklyn. There was a stigma attached to it, but since they've been priced out its fair game and the rest of us have been effected by it. The middle class as a whole in NYC is being priced out and there's no remedy in sight.
 
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No hate. Just pointing out that the middle class doesn't have a chance in NY because so many rent controlled apartments are in the hands of the children or grandchildren of 1970s middle class, who get to live a lifestyle that is far far better than their income would justify, while the actual middle class has to suffocate with inflated rent prices. Rent control and subsidized housing has displaced the creative energy that made NY a great place, making NY boring. Yet still, people from NY like to pretend the city is still the greatest
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. It's a playground for the elite and losers who really AREN'T doing it like they pretend.
 
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A fund raising consultant, acting coach, manager, teacher, and policeman.

Good luck with your renting goals for 2013.
 
Funny, I was just reading this yesterday.


[COLOR=#red]Brooklyn Rents So High They're Forcing Residents to Manhattan, Report Says
[/COLOR]


WILLIAMSBURG — Skyrocketing rents, cramped apartments and a cut-throat rental market. Conditions that originally forced New Yorkers out of Manhattan are now sending them back, a report claims. A real-estate expert said Williamsburg and DUMBO homes have become so hot that people are being priced out — and Manhattan has become a cheaper alternative.

A report by the brokerage firm MNS Real Estate said more affordable Manhattan neighborhoods including the Financial District, the Upper East Side east of Third Avenue, and Harlem have all become tempting alternatives to the hip parts of Brooklyn. "You're seeing some people go back to Manhattan," said Andrew Barrocas, MNS' CEO.

"It's not a big trend, but you're seeing it happen." Alex Baker is a case in point. When his lease on his Bedford Avenue apartment was about to end, he decided he could no longer afford to live the Williamsburg dream and moved across the East River. "I have more space and pay less," Baker said of his current home in Manhattan.

Williamsburg's mean rental prices in 2012 were $2,701 for a studio, $3,133 for a one-bedroom and $4,002 for a 2-bedroom, the report notes. DUMBO's were $2,853 for a studio, $3,712 for a one-bedroom and $4,985 for a two-bedroom.

Real estate Eugene Litvak, who works with Citi Habitats in Williamsburg and Manhattan, said the idea of moving to Manhattan from certain Brooklyn neighborhoods made sense for some residents because "rents are insane" and still increasing in places like Williamsburg. Plus, Litvak said, finding an affordable apartment in Williamsburg could be harder because "turnover is in the newer buildings, luxury rentals," whereas longtime Williamsburg residents tend to hold onto their more affordable apartments.

Williamsburg resident and chef Perry Fuchs, 26, said there was a reason why she stayed, despite seeing rent rise steeply in the past five years.
"The food and entertainment is better here and in DUMBO than in Manhattan and it's by the waterfront," Fuchs said.

"That means the economy is doing well, and that means I can make more money as a chef. It means people have more money to spend because they're richer...so I can charge more." But affordable housing advocates like Rolando Guzman, deputy director of community preservation for the North Brooklyn nonprofit St. Nick's Alliance, said the skyrocketing rents placed the worst burden on longtime residents.

"Every year the Williamsburg rents are getting higher and higher and a lot of residents are being displaced. That’s the biggest issue that we see," he said, noting that struggling locals moved "far away," even out of the state.

On the Upper East Side, members of the real estate community did not support the idea that their neighborhood had become a spot for Williamsburg and DUMBO's overflow.

Thomas Wexler, a senior vice president at Corcoran, said the Upper East Side was very costly and in demand for its unique attractions.
"It's still one of the top neighborhoods in terms of expense," he said. "The Upper East Side has wonderful things about it — it has Central Park, museums and great restaurants, and a lot of things that are in demand."

Asked whether he had seen an exodus from Brooklyn's top areas, Wexler said "no." "I don't see people rushing over from Dumbo and Williamsburg to the Upper East Side," he said. "I'm not seeing any information about people going to the Upper East Side because Brooklyn is too expensive." Warburg Realty's broker Harriett Kaufman — who has been in real estate in the Upper East Side for more than 30 years — said a migration from Williamsburg to her neighborhood would not make sense because the areas have such different vibes.

"That's a big leap from Williamsburg to the Upper East Side," she said. "It's a different animal." The rest of MNS' 2012 Brooklyn report — which used data from more than 10,000 available listings — showed that the average rent in the borough also increased more in 2012 than it has in past years.

Rents increased 8.6 percent (up 2 percentage points from the previous year), with studios and one-bedrooms increasing far more than two-bedroom apartments.
Studio rents increased by 10 percent, one-bedrooms increased by 11.6 percent, and two-bedrooms increased by 5.8 percent, the report showed.
And demand continues.

"There's a lack of inventory across the board," Barrocas said.


Read more: http://www.dnainfo.com/new-york/201...residents-manhattan-report-says#ixzz2IYJefVf6
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Anyway, having experienced life both in the city--New York and elsewhere--and within a rural/country setting, I can honestly say that city life, in general, is grossly over-rated.

Some of my best experiences as an adult came about as a tenant in rural country. Lying in the grass in an open field, peering into the sky, surveying the clouds--aint nothing toping this. To be alone with your thoughts, with nothing but the sounds of nature to distract you from your musings, this is honestly in my opinion as close to divine as you can get on earth. I really believe this.

It's kinda sad, damn near pathetic, when you think about it, just how we toil and labour away so we can live it up in spaces that are increasingly becoming more cramped-up. And all for what, "culture"?

As soon as I get my paper right, I'm shipping my **** back to country living, USA. I'll even much rather prefer to spend the remainder of my life in cookie cutter suburbia than battle it out for an overpriced box-space in manhattan...:smh:






...
 
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rocman23 said:
Da heights for the win, I be damned if I pay 3k in rent alone
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isn't it crime infested? just wondering

I know houses in the south are cheap cause I'm from here but you aint getting a nice house for 85,000.....it either needs a lot of work or it's a habitat for humanity house 
 
the hater boxden said:
:lol: @ renting
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Stick to trolling and intentionally misspelling words for lols. If it were easy to get a home, more people would. After the sub prime scandal and ensuing crash, banks made it harder to get a mortgage and want more cash even if you have A1 credit. For some renting is a convenience. My friend drops 20k a month because he can. Like most young people, he's not interested in owning a home.

SuperAntigen,

I prefer the city because of the convenience. You don't get that in the suburbs or rural areas.
 
Harlem and up is middle class manhattan.

Brooklyn>>>>Manhattan (as far as housing prices)
 
New Yorkers making under $100 racks a year are clinging to an illusion that New York is still the greatest city in the world. It may be for some, but NOT FOR YOU.
the hater boxden said:
laugh.gif
@ renting
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laugh.gif
Like these broke boys barely getting by in New York have the credit score, income, 20% down, and 20% liquid to put in a trust to buy a spot in Manhattan. Manhattan in 2013 is posers and elite, there is no in-between.
 
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jhawk826 said:
What was the point of creating this thread if it was going to turn into the usual NY hate thread? You may not think there's anything special about it but many do including those moving in from the Midwest with their parents checkbook in tow.

There is no middle class in Manhattan. It has always been that way. You either have or you don't. [B]It didn't help that Bloomberg commercialized the hell out of the city and allowed NYU as well as Columbia to spread beyond their borders without consequence. The effect of that has forced people who could traditionally afford Manhattan to move to the outer boroughs where rents have gone through the roof because of what they are willing to spend. [/B]

For those who aren't from here, people who lived in Manhattan wouldn't dare go to any of the outer boroughs especially Brooklyn. There was a stigma attached to it, but since they've been priced out its fair game and the rest of us have been effected by it. The middle class as a whole in NYC is being priced out and there's no remedy in sight.
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This. I also take this article is for families because people who have roommates seem to getting buy much more easily.

I live in Manhattan but, would love to move to BK or LIC but just don't think I will ever do it.
 
jhawk826 said:
Stick to trolling and intentionally misspelling words for lols. If it were easy to get a home, more people would. After the sub prime scandal and ensuing crash, banks made it harder to get a mortgage and want more cash even if you have A1 credit. For some renting is a convenience. My friend drops 20k a month because he can. Like most young people, he's not interested in owning a home.

SuperAntigen,

I prefer the city because of the convenience. You don't get that in the suburbs or rural areas.
Click to expand...


20K on rent is crazy no matter how much you make.
 
I love living in long island. Even though the rent and property values here are still very expansive, you definitely get a lot more for your dollar than you do in nyc. Not to mention our own private (town) beaches.
 
I agree, but there's no shortage of money on his end and his sister is worse.
 
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