$6,000 a month for a 2 bedroom civilian barracks apartment?
A sucker born every day...
You pay a premium price to be in Manhattan, rather than the outer boroughs.
I would pay that to NOT live anywhere in New York.
Wonder what “The Rent is Too Damn High” guy is saying now?
how will these uninvited guests pay for this? prostitution? theft? election muling? bagmen for bidens 10%?
Manhattan definitely needs a couple hundred thousand Illegal Aliens to compliment their city...
That’s about 5% per year since I moved to Manhattan in 1977. I rented a large 1 bedroom with a balcony on the 16th floor of a nice doorman highrise on 80th and 1st for $450.
Democrats may talk a good game about being the biggest protectors and defenders of the poor and middle class against the big bad rich people and their corporations. But give them the reins of power over a city or state long enough and they make it much too expensive to live and survive for everyone except the rich and wealthy.
Witness the top 11 most expensive cities in the United States to live in. All controlled by democrats.
https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us
$5588 a month is just ever so slightly out of my price range.
How much for a cardboard box in an alleyway?
New York the new Chicago east.
So using 1/3 as max percentage of income to rental fee, using the $5588 per month rent X 12 Months yields a required income just over $200,000 yearly income. WOW!
Must be a lot of Biden type criminals to afford that.
With a 30 year mortgage at 7%, you could buy an $840,000 house for $5,588 a month.
You probably couldn’t buy you a rat infested one room apartment in Manhattan for that, but in most of the rest of the country that would buy a pretty nice house.
“Manhattan’s new average monthly rent of $5,588 is up more than 9 percent from last year, when rent was $5,113, according to the report. The median rental price also reached a new high of nearly $4,400”
Which one to use?
“The advantage of the median is that it removes extreme measurements from a data set, giving you a more realistic idea of what to expect. The average can give you a more accurate sense of the total scope of data, but when it comes to planning for expenses, the median is a more reliable guide of expectations.
So the sell price of several very costly properties versus many more average properties can skew the average much hight=er.
That’s more than my annual property tax. Insane.
So, you’ll own nothing and you’ll be happy...
and homeless...
unless you’re a recently arrived illegal immigrant. In which case taxpayers will put you up in a nice hotel.
Wait til the full effects of NYC Local Law 97 kicks in.
That price should keep out the unwashed masses (excepting those “migrants”).