Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Brooklynites have been hit by 11% jump in rents in one year
nydailynews.com ^ | september 17, 2015 | katherine clarke

Posted on 09/18/2015 7:27:24 PM PDT by lowbridge

Just when it looked like Brooklyn rents couldn’t possibly go any higher, they jumped again.

The median rent for a Brooklyn apartment rose by a whopping 10.8% year-over-year in August, to $3,112 a month, according to a new report by residential brokerage Douglas Elliman.

The gain marks the first time since records began that median rents topped $3,000 a month.

“It’s the third record high in three months,” said real estate appraiser Jonathan Miller, who prepared the report, “and we’re going to continue over the coming year to see prices hit record levels.”

Rents rose dramatically for every unit type across the borough.

The median price for a studio apartment rose by 14.6% from last year, to $2,500, while prices for one- and two-bedroom homes went up by 7.7% and 14.7%, respectively.

The median price for a one-bedroom pad was $2,865 in August, while the price for a two-bedroom topped $3,500.

(Excerpt) Read more at nydailynews.com ...


TOPICS: Business/Economy; News/Current Events; US: New York
KEYWORDS: brooklyn; newyork; rent

1 posted on 09/18/2015 7:27:24 PM PDT by lowbridge
[ Post Reply | Private Reply | View Replies]

To: lowbridge

Import a few million illegals and things like that are bound to happen.


2 posted on 09/18/2015 7:29:21 PM PDT by E. Pluribus Unum (Is the Pope Catholic?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

I have a 3000sf house with a 2 car garage on 1/3 acre and I and buying it at $2200p/m. Fools.


3 posted on 09/18/2015 7:30:00 PM PDT by albie
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

Vote for freak show commies over and over and who knows what will “hit” you next!


4 posted on 09/18/2015 7:30:12 PM PDT by gr8eman (Don't waste your energy trying to understand commies. Use it to defeat them!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: lowbridge

Wow you could get a mansion up here in Central New York for $3,000 a month.


5 posted on 09/18/2015 7:30:32 PM PDT by freespirit2012
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Eat it city folk and stay there. You got yer cake now eat it.


6 posted on 09/18/2015 7:30:53 PM PDT by soycd
[ Post Reply | Private Reply | To 1 | View Replies]

To: albie

3/1 at $700.


7 posted on 09/18/2015 7:33:20 PM PDT by 2ndDivisionVet (TED CRUZ. You can help: https://donate.tedcruz.org/c/FBTX0095/)
[ Post Reply | Private Reply | To 3 | View Replies]

To: lowbridge

How many hipsters with daddy’s $$$$ are moving into these areas?


8 posted on 09/18/2015 7:35:31 PM PDT by RushIsMyTeddyBear (I'm fed up.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: albie
But you don't have the New York ambiance of hot and cold running vermin. And that's on top of the rats and roaches.
9 posted on 09/18/2015 7:36:02 PM PDT by KarlInOhio (The 1st amendment is the voice and the 2nd is the teeth of freedom. Obama wants to knock out both.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: lowbridge

A fool and his money are soon parted.


10 posted on 09/18/2015 7:39:01 PM PDT by poindexter
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Effing pukes.
https://m.youtube.com/#/watch?v=OCCEr31sz5I


11 posted on 09/18/2015 7:40:19 PM PDT by RushIsMyTeddyBear (I'm fed up.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

Well, the market speaks for itself.


12 posted on 09/18/2015 7:42:29 PM PDT by Burkianfrombrklyn
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge
and how much did the landlords property tax go up this year???
13 posted on 09/18/2015 7:46:59 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lowbridge

I thought LA’s rents were bad! How does anybody afford that?


14 posted on 09/18/2015 8:15:15 PM PDT by Nea Wood
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum
Import a few million illegals and things like that are bound to happen.

The illegals are not paying $3,000/mo. rent. Brooklyn has become the most fashionable address in the country for hipsters.

15 posted on 09/18/2015 8:51:22 PM PDT by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Nea Wood

I know people who live in Boston. How they can afford/justify the rent I have no idea.


16 posted on 09/18/2015 8:59:03 PM PDT by matt04
[ Post Reply | Private Reply | To 14 | View Replies]

To: lowbridge

Ouch


17 posted on 09/19/2015 6:18:13 AM PDT by CPT Clay (Hillary: Julius and Ethal Rosenberg were electrocuted for selling classified info.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson