Posted on 05/03/2023 6:00:01 PM PDT by lowbridge
Sonia Hendrix, the 37-year-old founder of Gallery PR, almost fell off her couch after opening an email from her property manager, indicating that her rent was being raised to $5,500 per month for her one-bedroom apartment in Tribeca. When she moved into the unit in June 2021, her rent was $4,100. Hendrix called it a “sweetheart COVID deal.” But now, after living in New York for close to 10 years, she’s rethinking her situation—and that could mean leaving the city.
Her apartment is directly in front of the Greenwich Hotel, Hendrix says, calling it a “prime location.” However, besides the location and a doorman, there’s nothing special about it. In fact, she says, the lobby and hallways are worn down, and she lived without a functioning bathtub for a year. Hendrix attempted to work something out with her property manager, asking them to reconsider the increase because she’s been a good tenant, but she was instead told, “You’re lucky we didn’t raise it to this last year.” After choosing not to renew her lease, and having to move out by the end of May, Hendrix started looking around at apartments and condos on the market to see if she could afford to take the next step and buy. She was looking at homes particularly in Chelsea because, after living all over Manhattan, Hendrix says she knows what she wants.
“It’s really underscored for me like, ‘Wow, I am so far away from being able to purchase an apartment, a condo, a home,’” Hendrix tells Fortune. But the homes she looked at range from $1.3 million to $1.5 million because, Hendrix says, she refuses to go “backwards” in terms of her living situation, as her level of happiness affects her productivity. Still, Hendrix makes a little over $200,000 annually after taxes,
(Excerpt) Read more at fortune.com ...
The relatively small increases are appreciated by those who are not earning as much as they used to earn.
I guess how much you like the system depends on how long you can stand to remain in the same apartment and whether you benefit from the law.
Ah but if she married 15 years ago she wouldn’t have had nearly enough “me” time. She wouldn’t have been able to play the field and sleep with a bunch of random alphas who were out of her league which she hoped to land.
So now she’s 37 and darn the luck, it seems there just aren’t any good men around to marry. It must be men’s fault for this.
She makes 200k take home, she can afford to buy if she wanted to.
I understand not liking your rent raised, but with take home of 16,666 a month. You can afford a 1MM mortgage if you wanted to buy. 1.5MM possibly depending on taxes.
The headline said she earned $200,000 not that’s what she had left after deductions. Period. End of story. That’s what I posted on.
I’m not the only poster on this thread that saw what I saw. The Headline was simply a bad headline. True, though...200000 gross in NYC doesn’t leave much after all the taxes.
Yep, cats in her future.
Probably already has one as a starter cat to ease her into the five or six she’ll eventually have.
Rent control has created a gigantic incentive to keep grandma alive on paper even if she is really dead.
There are probably many thousands of dead people “living” in rent controlled apartments.
They vote too!
I make, pre-tax, what she takes home post tax. I have a mortgage on a 800,000.00 home. I’m very comfortable. She could do it if she wanted to, especially if she has a healthy down payment.
Not a biggie, I most times just read the head and if interested delve into the story. In this case I just went with the head. :)
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