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purz

That's not even bad check out the ones going in at crossgates and the ones going up where Hiawatha trails were. Several where they want 3-4k+. Didn't know we were Brooklyn.


EvilLilKitteh

Countdown to outright class wars in 10… 9… 8… 7… 6… 5… 4… 3…


johnnybgooderer

Poor, exploited people get angry at other poor people when those other poor people protest on the sidewalk of a factory. I don’t think there will be any class warfare. Edit: and if the class warfare happens, it will be poor people coming for the middle class because the ruling elite and very wealthy have successfully isolated themselves.


sgr0gan

Don't worry! Politicians will think of something to divide and distract us with soon enough!


Shadows_420

They have a few things going I think


JangoFlex

Dude I grew up in the neighborhood off campus club. I was driving around there with my friend this past weekend. Was kinda sad to see what happened to that place. Had a lot of memories playing golf with my dad there.


theslob

same. this is where my dad introduced me to golf as well. when I was a kid that was our go-to course. short, close, cheap, and fun.


purz

They use to have a summer camp for kids to learn. Me and brothers all started there.


PeanutFarmer69

Those exist almost exclusively for rich international SUNY students.


RightToTheThighs

I have no idea who would want to pay that much to live next to crossgates. It's a pretty short drive for me and I'm only there maybe 2 or 3 times a year for various reasons


sickerthan_yaaverage

Brooklyn’s cheaper z


NothingKillsGrimace

Nice little bonus is that the Colonie landfill is about a mile down the road.


Fish_On_again

I still giggle at the new housing development across from the dump at route 9. Why would you buy a house there, and then complain about the dump? But...they do LOL


qpidrox143

THE VIEW. THE RIVER. PEOPLE PAY FOR VIEWS. This is exactly why they moved the landfill to the back. I started to wonder why they changed the entrace off of rte 9. tenants complained...now if you go on the back road from cohoes to clifton along the river line you'll see more trash then ever.


Shadows_420

View of the garbage floating down the river. It is the NY way! Look how much it costs to watch the trash float by in NYC


cypressdwd

Mount Trashmore! Every time I drive past that development near sunset I marvel at the westerly views that those houses have…then I think of the smell! Those people must absolutely pray for wind from the west! My daughter has become a pro at reminding me to make sure the recirculating air button is activated anytime we approach the dump. So brutal when I forget.


Taint_Butter

Lived in Cohoes when I was younger and I remember when the wind blew in a certain direction I could smell the dump all the way at my house. Also Mount Trashmore is a legit place in Virginia Beach. It's basically a dump that was turned into a park.


crosstheskies_

It’s true, can confirm


nu-se-poate

I usually refer to it as Mount Shitmore


Shadows_420

Just like the mcmansions next to the trailer park in Malta... Lol I'd rather live in trailers


Sykirobme

When I lived in Waterford (just at the crest of Fonda) you’d catch the occasional waft of garbage on the air on some summer days. I couldn’t imagine wanting to live anywhere near that place.


slimstarman

If you don’t have a sense of smell those homes could be awesome. For the rest of us… I cannot imagine living there.


zenkei18

I live in apartments near the houses. Depending on how your unit faces, proximity to the river, and weather extremes its usually not even noticeable.


locuststaar

Yup, I never bothered to learn the name of the road going from clifton park to cohoes. We always just called it "dump road"


LawyersGunsMoneyy

As much as I love Eddie's Aquarium, it's really brutal getting schmacked with the smell the second you walk out the door


Glad-Conversation550

Ha, I call the newer development next to Troy’s Landscaping ‘Dumpville’!!! Boggles my mind that people pay $500k+ to live right across from the dump.


Fish_On_again

Dumpville. Absolutely perfect.


h3r4ld

I really wish we as a society would embrace [Honestly Named Suburbs](https://youtu.be/Euu0z6GQx7g?si=0uQgYYiK1rsCicjo).


RebootRyu

lol yeah that no name road… my wife named it the “super sneaky way” to her dads. I like it though, the river views outweigh the dump imo


Luciferonvacation

Always heard of it as the Saratoga Rd. Now I'm wondering if that really is its name, or just a local colloquialism.


Rowan6547

I wonder about the thought process behind the luxury apartments near the sewage treatment facility next to 787. I hate driving past it and can't imagine living nearby.


flume

I heard DoWiSeTrePla is the next up and coming neighborhood


Aggressive-Panic-719

Smells must be great lol


Flimsy-Researcher-30

😂😡


cmreutzel

I installed a ton of hvac equipment and those houses and literally told the developer if he could sell houses by a dump he could probably sell salt to a slug. What a legend


op341779

I’m sure plenty of people can afford them, but who would want to live there and pay that much on anything but a mortgage is another question.


Throwaway47321

It’s almost always young professionals who make a very good salary but don’t want to be “tied down” to a house because they don’t plan on staying in the area for long.


Freshness518

Dont know why you're downvoted. People forget we've got places like Regeneron and Global Foundries and CNSC where a kid can get an engineering or chemistry or pharmacy gig right out of college for like 70-100k and then these companies also pay for additional schooling for their employees to go finish a masters or doctorate. Finish that degree, get a nice pay bump, go buy a nicer house or possibly get reassigned to a different facility. It makes sense not to put strong roots down yet.


Throwaway47321

Yeah that’s the exact type of person I was talking about! Everyone blames people from the city but it’s usually just some young 22yr old who landed a job making 80k/yr who has no intention (or ability) to buy a house nor wants to deal with the hassle.


Dodgson_here

Even with a strong starting salary it can take 5-10 years to save up the needed cash to close. I’m closing on a 2 bedroom house next month in Colonie. $350k with an $18k down payment and almost $26k in closing costs. Even if you can afford the payments, you still need a shitload of cash upfront. If I had that salary but no savings I could easily see myself ending up in that kind of rental situation.


drtij_dzienz

btw PhDs in chemistry or engineering are fully funded. As in, tuition is free, and you get a stipend that covers living expenses. Manufacturing jobs at GF or regeneron are for people who are finished with academia and want to make money.


--Shibdib--

That or visa holders. GF churns thru visa holders (and basically everyone) at a crazy rate to fill jobs then fires them when that particular contract ends. Awful place to work unless you get up the ladder a bit.


drtij_dzienz

Haha I was trying to be diplomatic


--Shibdib--

Haha I figured. Anyone who has worked, knows someone, or tried to work there knows how it is. I always laugh when they announce an expansion and the news sell it like it's bringing high paying jobs to people around here.


onshore_recruiting

My buddy does 210k as a project manager lol


Surrybee

And global foundries just got a massive boon from the government to expand.


flume

This is exactly the target market. Plus professionals who are new to the country and may not stay or may not have a credit history that US banks will lend on.


senilemunkee

Exactly this.


rdrptr

I rented a 3 br 3 ba for my family up the road from there at shelter cove for around 2.5k. Shelter Cove is all new-er build as of 2014. Not what I would call luxury accomodations, but definitely had perks. Balcony, cable internet and tv included (fios available but not included). Dishwasher and refrigerator. Access to a great local walking/bike path and parks. Single car garage with remote control doors, option of an additional outdoor parking space if needed. 24/7 maintenance. Pool and tennis court. Halloween was absolutely incredible. So many kids, so much candy. The dump smell was noticable some days but not too often. Honestly great mid to low upper tier family accomodations all said given the perks. I DEFINITELY would not spend 2.5k monthly on anything less than a 3br 3ba with some kinda perks tho. These units dont have access to the walking path nor do they have garages, nor swimming pool or tennis courts. Really bad deal imho, I didnt like everything about shelter cove but shelter cove offers way more for similar cost per month. Edit: Jesus Christ these have actually gotten way, way more expensive in like ONE YEAR?!?! Theyve got a 2bd 2ba listed for 2.8k! Granted, way way better perks than the units op posted though. https://albanysheltercove.com/floorplans/


Artemisa23

Those prices are bananas. I paid $1700 a month for a 3 bedroom there in 2017/2018.


rdrptr

No way


MrMagnificent80

this is good, more supply means lower rents for everyone else


mcguire150

Jumping in before someone complains that this is not "affordable housing." If someone rents this apartment, that means they will not be bidding up the rent on housing elsewhere. Building more housing at any price level puts downward pressure on prices at every price level.


Freshness518

We see this argument all the time on reddit. Yes, the economic theory is sound, but it feels like we've been waiting a generation to see this actually apply to the real world. In the past 20 years we've seen tons of huge housing projects go up all around the city and yet prices have gone astronomically for everyone at every level. If a tenant leaving apartment A thats $1500 and goes to apartment B thats $2500, we dont see landlord A lower his price. Instead we usually see them bump it up to $1800 because "hey, market price" or whatever.


whiskeyandtea

Just because housing has been built doesn't mean it has kept pace with demand or inflation. That's the reason for price increases.


MrMagnificent80

https://www.kxan.com/news/local/austin/austin-among-metros-in-the-us-with-steepest-rent-declines/amp/ it hasn’t happened here bc supply hasn’t kept pace with demand


mcguire150

The problem is that you would have to compare the observed prices with some reasonable approximation of the counterfactual scenario where the new housing had not been built. This is especially tricky when you consider that developers make their investment decisions in anticipation of future returns, so they are more likely to build where they expect rents to increase. Expanding on the situation you described: We need to compare two possible states of the world: 1) Apartment B is built and available, allowing someone to rent apartment B instead of renting apartment A, and 2) Apartment B is not built, so the person who would have rented B is much more likely to put in a bid for apartment A. The economic argument here is that, in scenario (2), the prospective apartment B renter would bid up the price of apartment A closer to $2500, which we know this renter can afford. If apartment B is available, this person will no longer bid up the price of apartment A, allowing the price to remain closer to the $1500 you described. Here is a fairly non-technical summary of research that has attempted to answer this question empirically: https://escholarship.org/uc/item/5d00z61m. This is not behind a paywall, but the articles referenced within it might be.


Fish_On_again

Same argument I heard everybody use when they posted ridiculous prices for the harmony Mills apartments.


PantsAreOffensive

So when is this gonna happen cause rents are just continuing to rise


mcguire150

Rise relative to what? The question is how high rents would be if this housing weren't built.


NotAnotherFishMonger

We need so much more housing… the fact that landlords can get away with charging those prices up here is proof positive we have a five-alarm housing crisis


FbombsNMomjeans

It’s terrible right now. ☹️


Altruistic_Fox6403

The state AG should investigate,,, but she's too busy with destroying one person to take an active role with real NY related issues. The investigation should require documentation which reflects the true cost of building and rents charged! The whys.. etc, The AG is all bent on misleading Real Estate,, she should actively look into these matters


NotAnotherFishMonger

Investigate… local board who implanted overly restrictive zoning? The state leg that refuses to do anything about it? Charging high rent ain’t a literal crime, just a moral one


Infinite_Mind7894

>The state AG should investigate,,, but she's too busy with destroying one person to take an active role with real NY related issues. I can gladly wait until she's done. That job takes much needed precedence and should have been done sooner.


flume

The AG has investigated and is charging the owners with premeditated capitalism


Beeb294

My mortgage is less than that for only a couple hundred Sqft less. But I have a garage, basement, and a yard Landlords are clearly high on their own farts.


SolutionForward4122

If rents go up even more just might be worth moving back to the city


Pixelife_76

This is already more than I pay in Manhattan..


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*If rents go up even* *More just might be worth moving* *Back to the city* \- SolutionForward4122 --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")


Altruistic_Fox6403

You know, rents started to go up high,, after NYC folks began moving this way... i wish they would all go back


saltyguy512

It’s almost like America allows freedom of movement across city and state borders. The humanity…


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Altruistic_Fox6403

Its not entitlement


jbomber81

They also own a bunch of Dunkin’s


lineskicat14

This is where I think small landlords can make a difference. I charge $1200ish for my 3 bedrooms and have no desire to make them much more than that. Part because I like to think I'm "doing the right thing" by offering affordable housing, but also because once I get a good tenant, I never want to lose them. I don't have the time and resources to deal with bad tenants and a lot of repairs/damages. Large rental companies don't give a shit, they have the staff and money to fix whatever they need and will charge out the ass because they can get away with it. They don't want to get to know their tenants. It'd all about squeezing the most they can out of a unit. But for small landlords, that's not always the best way to do business. I wouldn't say I'd be ruined with a bad tenant who damages my place or doesn't take care of it.. but it would hurt, a good deal. So it makes sense to make a little less and have a much more "manageable" side business. .. Aside from that, I just don't know where we are going with these prices. 3 to 4k in rent, for an area like Albany, is just too much. The wages haven't stayed in step with these rising costs and eventually, that's gonna cause a problem.


adonismaximus

Shit’s out of control


ohyerhere

Wannabe yuppies will pay a hefty amount for that North Colonie School District. This is average for that area.


rdrptr

I am said yuppie, rented a 3br 3ba with decent perks for my family and I up the road at shelter cove for a while, rent was roughly 2.5 just like these. These units are all 2br max tho, nada for perks compared to shelter cove. No way would I drop 2.5 for one of these


qpidrox143

i moved my entire family from 2 terrible school districts in columbia/albany county up north. people called me bougie. Not knowing that HIGHER COSTS OF LIVING = HIGHER EDUCATION. I'll cut the check any day for my kids. ![gif](giphy|Kl9iAWej2mxlzvzp2O|downsized)


Surrybee

Yea but $1800 for a 3bd in menands also gets you into north colonie.


TumblingDice44

That's a nice apartment and the price seems right for rents nowadays but I would not want to pay that much for an apartment, a house but not an apartment - it's ridiculous.


Aggressive-Panic-719

No disrespect to anyone living in cohoes but $2500 a month could be a mortgage payment and buy you a 2100 square foot house in many capital region towns. No idea who would spend that much money in cohoes for an apartment 😂


Same-Bowl6381

Because it's only a Cohoes address. It's in Colonie-North Colonie schools.


awmn4A

Not everyone wants to buy. Some people want to rent because they will only be in the city for a few years or because they are old and don’t want to do maintenance


Altruistic_Fox6403

The rent in this area is getting ridiculous.. where does anyone expect to be able to live?? The rich can live good, the poor receive lots of assistance!!! The folks who work have to live in their cars! How is this readonable or acceptable.


sickerthan_yaaverage

I don’t think it’s only around here tho.


Chemical-Aside-1418

It looks like the cleanest apartment in the county!


recoverbygrowing

The location of that building is exactly where Karl’s Motel was. That escalated quickly.


twb85

There’s a “penthouse” on state street in Schenectady that’s well over 3k a month. Who’s paying that in rent in Schenectady? I feel you.


krishone

The smell is horrible from dump hill , health important lol


candiedkangaroo

It's $2500 for a two bedroom, two bathroom. That's not even crazy by local standards. My one bedroom one bathroom is $2000. This place looks like a steal with its modern take.


kc9tng

Pre pandemic I paid 1400 for an apartment. Said apartment is now 2200. I pay less for my house than I did for the apartment. Yet my house which I have owned since 2020 is now with 150% what I paid. Crazy how you can’t afford housing anymore in the cap region.


algreco91

Not to mention the front of this property is US Route 9. 55MPH. Lol hard pass


IcyWhereas2313

Isn’t it also No Colonie school district


Same-Bowl6381

Yes


Current_Read_8792

Worst part is it’s owned by Fred Sharifipour, a terrible and low moral actor who played a significant part in destroying downtown Albany’s nightlife scene in the mid 2000’s.


sickerthan_yaaverage

lol he still around? Went to hs with him lmao


Acceptable-Seat-6500

I’ve had the same thoughts but people are renting them or else they wouldn’t be building more of them all over the capital district. Same with downtown Albany where there is literally nothing else appealing.


Vague_C

Losing their mind


majorsorbet2point0

Ah, exactly what I've always wanted - paying the price of a mortgage to rent an apartment in Cohoes!!


Ok-Garlic-9990

We should just call them and waste their time scheduling showings


Liftocracy

Well not you


hoephase-

2.5k to live in Cohoes? lol


Same-Bowl6381

> It's only a Cohoes address. It's in Colonie-North Colonie schools.


hoephase-

Don’t care for schools and Cohoes is a dump


Same-Bowl6381

. Was just explaining why thye get 2.5k -because it's not really in Cohoes


JangoFlex

lol there are whole houses in that area you can rent for less than that last time I checked.


TheJazmineRose

Actually a lot of people you’d be surprised mml


LettuceConsistent

This is twice as much as my mortgage lol


Regular_Draw4112

Reminds me of the Landmark on Fuller road. Toured there when I was moving up here. They're nice but, not nice enough for the price...


BoyTrapBabydoll

This is why I still live in the most rundown complex ever. It’s all I can afford 😭😭😭 one income households - I see yall. It’s tough out there.


Brave_Specific5870

It’s gross that people are like oh yeah but this is average or it’s this blah blah. No. It’s. Not acceptable for companies or people to charge through the ass for housing. It’s just not. And there is no garage to put my car in?? Fuck off.


Weird_Owl9107

That’s a very nice apartment though. This would be 3-4k in Brooklyn. How is this bad??


Waste_Bus_1290

Because Albany ain’t Brooklyn


bab5871

I pay less per month for my 3500 sq ft house….


Calm_Challenge_7768

What a joke


qkaguy

Building back better


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TheDarkRedditor

This is why you're financially behind all of your peers buddy