$7k/mo 2BR in NYC

[Rod Hagen]

Ha!

 

[pubic_assistance]

I get $5700/mo. for my one bedroom/one bath walk ups.

So I am gonna assume this 2br/2bath with a washer dryer for only $7k is in an outer borough section of NYC.

[+ FrankR]

25 minutes ago, Rod Hagen said:

Ha!

 

He must be looking at a specific neighborhood - I was helping a friend look for a place the past week and she found multple places above 125th street in Manhattan with 3 bedrooms that was under $5k. None of them were dumps. All had basic amenities. 

[+ azdr0710]

I think I know a way that good-looking guy could afford that rent......

[BuffaloKyle]

If you lived in that apartment for three years you'd have spent in rent the entire cost of a pretty decent house here in my area. 😮

[Luv2play]

All of a sudden the average or median rents in downtown Toronto or Vancouver are looking cheap. 
Of course in NewYork there are rent stabilized and rent controlled apartments that thousands benefit from and pay rents at unbelievable low rates if they have lived there for decades. When they moved out the rents can bd adjusted to market rates.

[Ali Gator]

I know for a fact that in Providence, in a highly desired neighborhood, a 2 BR apartment which is slightly smaller than what this guy showed us, goes for $2800 (electric and water included). No washer / dryer in the unit. Kitchen is very small. Bathroom is half the size he's showing us. Window unit A/C. Electrical is antiquated but up to safety codes (you can't run the microwave and coffee maker at the same time if they're plugged into the same electrical outlet on the counter - you will blow a fuse; can't use the vacuum if the TV is on, etc). If you have a cat, it's $50 extra a month, while dogs are an additional $100.  Parking is $100 per car. Who's renting these apartments ? Wealthy elderly residents and Millennials working in Boston, but the rent's too high there. 

[+ BenjaminNicholas]

He doesn't specify the neighborhood.

It's not a dump.  It's just not updated.  

And yeah...  It's likely an outer borough.  $7k for this much space in Manhattan would be near-impossible.

People complain about NYC prices, but it is what it is.  They're not coming down anytime soon.

 

[cany10011]

My next door neighbor is renting out his 2 bedroom and he’s charging 10k. He’s seeing applications from late 20 year old grad couples who work in finance making 500k each. Im so glad I bought 25 years ago! 

Edited May 29 by cany10011

[pubic_assistance]

Its always amusing when people compare their hometown rent to those of NYC.

"I only pay $2K"...ok...but you live in BALTIMORE.

Location*Location*Location

[+ Cash4Trash]

17 hours ago, Luv2play said:

Of course in NewYork there are rent stabilized and rent controlled apartments that thousands benefit from and pay rents at unbelievable low rates if they have lived there for decades. 

Are you talking about people like me who split an illegal sublet with my roomie where we only paid $24.00 a month rent? Or the rent controlled apartment I lucked into where I started at $84.00 a month and ended up paying $479.00 a month when I moved out 39 years later? Had to move, stairs and knees were not getting along.