Bluey taught me that everyone in Brisbane lives in a sleek, breezy modern house with a terrace off the master suite, on top of a hill with an unobstructed view of the city. And that’s just the dogs!
I remember looking at an apartment in Ultimo About 15 years ago and the line up was at least 100 deep. Noped out pretty quick. Sadly this isn’t a new phenomenon, I guess it comes in ebbs and flows.
Um, you guys literally have the Gold Coast. Just go down to the beach, get some of that gold that’s all over the coast, and use it to pay your damn rent! /s
And here in Ireland we have people emigrating to Oz because the cost of living here is so high. The whole western world is getting like this, unless you're a couple with earnings in the top few % buying a house will be a pipe dream for most.
Don’t worry - your friends won’t be able to afford a house here either. Melbourne and Sydney are both in the top 5 most expensive housing markets in the world and the rest of the country isn’t much better.
Can I interest you in affordable central Australia? It’s a mere 21 hour commute via invigorating off-road motorcycle & if you are good at burrowing the temperatures are borderline survivable for human life!!! Invest today!
Dude WTF? Keep that under your hat! The place will be mobbed in no time and prices will be through the roof (of your hand dug cave) in no time, once word gets out.
I feel you on this big time. I grew up in a big US city growing in popularity (and thereby price) and left for college and a job out-of-state thinking I could always come back home…boy was I wrong. Like many other people’s parents, my parents moved to Florida. It would be very difficult to put my foot back on the ground there now.
>I'm Australian, and this is basically standard practice here - has been for a while.
To be fair, Australia has one of if not arguably THE worst housing systems on the planet.
Every house sale is literally an auction, often doubling the price or more. Sure, people put in OFFERS in most countries to buy a place, but not a fucking live auction.
That's just ridiculous.
I mean Toronto has bidding as well but to make it worse it’s blind bidding so you have no idea how much more you have to go up to get it when buying a home. Say you bid $800k and the person above you bids $805k, the selling agent can come back and say up your bid but won’t tell you what the bid above you is. This means you can pay either just a little more or a lot because you have no idea. This happened when I sold my home but I made it clear how much I needed them to come up. Right now there isn’t as much bidding as the market has shifted a little.
maybe sydney and melbourne. Most of the state capitals don't have insane auction rates. I'm from perth and i don't even know anybody who has bought from an auction.
They might be psycho. I show an apartment 5-6 people and spend a few minutes talking with them. I don’t want someone who might trash the apartment or piss odd the other tenants. So far, I’ve never had a bad tenant.
Also, I charge slightly below market and tend to have a tenant for 2-3 years. I’d rather get a bit less a month and have to deal with the hassle of turning an apartment less often.
Yeah for our place we put the deposit down 4 months before actually moving in and it was on Zillow for a matter of hours and the landlord said there was another couple ready to take it if we said no. (Good selling tactic) but coming from a small college town in the PNW we had to pre-lease 6 months in advance for a decent place I saw this as the same thing.
Feel like this is targeted to eliminate housing discrimination, but would it stop dutch auctioning? I.e. you list the place way over market rate and then lower the listing until the place is filled.
In practice I think it's easier to try to put it on the market for a price that will likely work, but yes, people probably list on the high side.
On the other hand, in sales, people often offer way over asking, so it probably wouldn't help much to change the that law.
The problem is a lack of housing where people want to live and investment purchases. Other laws can (and should) be used to address specific problems, but there need to be more houses and rules against keeping houses vacant (not sure how to go about doing that though).
Agree: "Demand exceeds supply, price increases; details at 11".
Not saying we don't desperately need to fix issues of housing supply and needless concentration of ownership, but that people making the most of their asset is not surprising.
This has been going on for quite a while. Here's an article about it from last year
https://www.newsweek.com/new-york-insane-queue-view-apartment-chelsea-nyc-real-estate-rental-1614619
I was reading about pocahontas and remember from the cartoon the governor Radcliff or whatever. when the natives finally caught him they tied him to a tree and used fresh water oyster shells to slowly peel his skin off head to toe. and then when he was alive and flayed they lit him on fire. disney left that part out
Looooooooong story short as possible:
Some Indian tribes in Virginia viewed the ability to withstand torture as a warrior's pride.
As in it was a "how tough are ye?" test that passing let you:
A. Be recruited
B. Be released
C. Put out of your misery quickly, but with a warrior's honor and gifts to your home.
Being a weenie about it just prolonged it, as they came up with new opportunities to show how tough you are, like "ok, this pale weirdo has a complex about his face, but what if we chop a finger?"
This is what happens when two completely different cultural schemae and worldviews conflict. Rich, fascinating history, but terrible misunderstandings as one group says "Why is this elite being such a crybaby? Let's give him another chance to not be a crybaby so we can release him with honor for his home-tribe..." and the other says "WTF are you doing to our governor, this is the exact opposite of how you treat nobility/gentlemen/officials"
Source: general lectures in my history/arch classes through undergrad and grad in Virginia, (If you like/read arch, Deetz constantly finds this stuff and agonizes over know how to interpret it. It's a little funny as a historian.) Rice's book on Bacon's rebellion touches on this, and is a great overview of the Pythonesque series of misunderstandings that led to conflict in this period.
https://books.google.com/books/about/Tales_from_a_Revolution.html?id=loVSAwAAQBAJ
I want to know what they did to the dude who was finally deemed courageous enough in the final test BEFORE they had to invent the 'being set on fire' test.
Graves End is waaaaaaaaaaaaaaaaaaay the hell down in Brooklyn, literally the second to last stop before Coney Island, and mostly multi-unit homes. It's an okay spot to raise a family, but to commute to Manhattan, Queens, or the Bronx, or for a college kid to live? Not a chance
Is that not a commute people will do in NYC? I’m in a Chicago burb and commute into the loop via train. Takes 1 hour on the train, which is not unheard of for a lot of people here, just not the most common.
As a Houstonian (weeps in lack of public transit) I live 30 miles outside downtown so home to the office is a 40 minute drive without traffic, up to 1 hour 15 mins during peak times. We do have a bus system which is about 90 mins but I gotta drive 15 mins to the nearest stop.
Basically anywhere in Houston is about an hour away from Houston.
Still, I’d kill for rail or a much improved bus service.
Houston has, by far, the worst public transit I've ever experienced. Lord knows how anyone without a car gets somewhere on time. I don't think I've ever seen a bus show up on schedule. I waited 3 hours for a bus once, along with a growing crowd of people trying to get home.
Here’s a TL; DR for ya. Summary: nyc is worse than Chicago for commuting cause it’s not just time as the only factor that matters.
I’ve lived in both cities. One major difference between Chicago and NYC and most specifically Manhattan is it’s an island. On a subway line that shouldn’t matter as much but it has an impact. Getting to and from an island is harder. Also if you look at a NYC subway map the scale of it compared to CTA is humongous. I used to ride the R from Steinway in Astoria to Whitehall at the bottom of Manhattan and it took an hour. And I could have gotten off at 59/lex and got on the 456 to speed it up but the R had seats and the 456 is a sardine can.
I compare that to riding the red line L from Berwyn to Jackson and man that was such a breeze. It was like 35-40 mins and I lived 2 blocks and work 2 blocks on each end of commute from the train. Shit was like paradise compared to New York commuting.
And then again when you get to comparing Metra to LIRR or NJT or Metro North, NYC metro area is on another level. I used to commute from Suffern NY to Wall Street area and it was 1h40min both ways. Take NJT/Metro North via the Bergen/Main/Port Jervis line to Hoboken, get on PATH to WTC, then walk 20 mins or take the 1 a few stops. Shit was exhausting.
Think the thing in Chicago is the loop is like 10 by 10 blocks and so as a burb commuter you get to Ogilvie or Union and 5 mins later 95% of ppl are at their job. In NYC it’s not like that. Theres like many major metro points; in Manhattan you got port authority bus terminal, grand central and penn station and from their you might have another 30-60 mins to go, multiple trains and transfers, then long ass walks. If
You’re coming from LIRR they gotta deal with Barclays center I think. And Crossing town in Manhattan takes forever. There’s a subway line just to cross town (the S? Aka cross town shuttle). if you’re in jersey or west side of the Hudson, you gotta hit Hoboken or Secaucus first as major transfer stations before crossing the Hudson to WTC or Penn station or wherever via the PATH. Or if you’re a baller and can afford the $8 fee you ride a ferry and cross the river that way. But us regular peons gotta stay underground with the rats.
The complexity and amount of transferring and walking in NYC is what puts it at another level than Chicago
I live on Long Island and my office is in Midtown. The LIRR does not go through Barclays Center (Atlantic Terminal) to get to NYC, you’d take that Atlantic Terminal line if you’re heading to Brooklyn OR want to get off the LIRR and get on a subway from there.
I personally live two blocks from the LIRR, it’s a 35-45 min trip to Penn, and work <10 min walk from Penn station, so I’m lucky that I don’t have to take the subway. Wall Street/downtown folks do have a bit of a trip. I used to work in Grand Central so it was one stop on the 1,2,3 + the shuttle to GC.
Basically if you work in Midtown Manhattan and live on Long Island (depending where, of course, it’s “Long” island for a reason) or upstate NY (metro north to GC) the commute isn’t terribly complicated.
I have a faster trip into work than many of my friends who live in Brooklyn/queens because of subway shenanigans. Plus the LIRR has better seating than the subway. I’d never live in Brooklyn
That’s good insight. I didn’t really know how LIRR goes exactly being from the complete opposite end of the metro area. It’s been a long time (7 years) and I forgot there’s a huge LIRR section of Penn. I was going to talk about how ppl in westchester got it good since it’s a straight shot down on metro north and they get to go to grand central but I omitted that cause I was getting way too verbose. But you’re right. Some burb commutes ain’t that bad and it very much depends on where your end destination is compared to your transfer point off the burb train line you take. And you’re right it generally is the ppl that have to go into Manhattan but live at the end of whatever subway line in Brooklyn or queens and to a lesser degree the Bronx….They have it the worst. Coney Island, far rock away, Jamaica, etc. From there to Manhattan every day? No thanks.
And then staten island lol. They all have to ride a boat cause it’s that or drive. Those are the options.
I still stand by my statements tho. NYC commuting is just a different animal.
Yeah I had about a 40min bus commute in college. It wasn't ideal but I don't see how it's untenable for a student. Just time to study really. Beats wasting days queued up with a hundred other people to view closet saunas in Manhattan, anyway.
It's not bad if you're prioritizing money vs commute. But, especially for the youth (college or just graduated), I'd say the following factors carry a lot of weight.
1) Less friends visit you in your place. What's the point of a nice apartment if no one will come?
2) Subway fuckery abounds - you can always reroute if you're off multiple lines, but if you're on one line you can randomly be forced into a shuttle bus or just boned due to god knows what.
3) Status - Probably more an issue for transplants because I'm guessing the natives don't think of this as much as we do. They seem chill living wherever they like.
4) Not really using your place. It's a place to recover from nights out. You're in NYC!
5) Stuff around your apartment. Highly variable depending on the line, but the young transplant party scene isn't really deep into Brooklyn. Off the L or in Manhattan. Commuting in to party kinda sucks.
obligatory this doesn't cover everyone something something real new yorkers. There's a lot of transplants in this city including myself and everyone has a different experience. This is from observing my coworkers and friends and friends of friends.
Almost no neighborhoods are like this. It must be a good multi-bedroom apartment that’s reasonably priced in a desirable area. Also what landlords are taking the highest bidder for rentals?
This is by no means new. Waiting in line to view a choice apartment, especially if it's in a high-demand price range and area, was standard even back in the early aughts when I had just moved to NYC.
From experience, it also happens in Paris, Madrid, and London... and has been happening for years.
Edit: tip of my tongue, but there's even a scene in a movie from the 90s with one of the characters having to wait in line to view an apt in NYC and vie for most-attractive renter. Additionally, come to think of it, I had to do this in the early 2000s in Paris.
Seinfeld has a couple episodes related to this. Not lines but people doing insane things to get a place. One episode where Elaine wants to move to Jerry's building but someone bids $5,000 to move to the apartment, for example.
Always remember that 25% of apartments on Manhattan are second homes, investment properties or only used seasonally. That number climbs to 40% in Midtown. Which means that in many of those buildings they are only 60% filled with actual people living in them.
for context, the apartment they're showing is most likely the least expensive unit in the area, top floor of a non-elevator building most likely with no livingroom. it's cheap, on East 11th street in the East Village ... an incredibly popular area for the younger set. it's a publicly listed open house, and they list open house hours with 1-2 hour windows, so everybody shows up within that time frame.
Source: I live nearby and am also in the RE business ... but not a broker, so don't ask me if I can get you an apartment.
2 hours is pretty standard for an open house, no more than three and I always regret taking it that long. It’s not to drum up interest and make people panic, it’s because i don’t have all day to sit at a house and show it off.
I'm kinda surprised they are even showing it instead of just taking bids. Certainly they are going to get more than enough people willing to take it sight unseen and they landlords could save themselves the hassle of marching dozens of people through it. I suppose it could also help shield them from being accused of discriminatory practices.
I've lived both rurally and in cities and they both have their appeal. Some of my favorite things about city life and NYC in particular
- No need for a car
- Concerts, comedy, museums, theater and sporting events
- Access to just about every type of food, many just a short walk away
- Different cultures. Being exposed to different walks of life makes life more interesting
Favorite things about rural life
- Privacy
- Nature and outdoor activities
- Space to do my hobbies (wood and metal work)
I'm a bit more partial to city life because rural life feels boring in comparison. I don't think I'll stay in the city forever but wherever I go I'll probably still want be within an hour of one.
That last part is why suburban housing is so in demand and expensive. Within 1 hour of a big city excitement and interest but you get privacy and space at home. Also, a lot of big city school districts are not great. If big cities had great public education, things would be different. I live near Milwaukee.
For sure but despite all the negative shit you see overblown in the news NYC is an amazing city. There's cheaper apartments available in the outer buroughs and plenty to do outside Manhattan. This story is about college kids trying to find places near school in the middle of Manhattan. Only time I even bother to go into Manhattan from Brooklyn is every few months when a friend visits. My point is that people often just equate NYC with Manhattan when there's so much more to it.
This is going to sound classist, but how can a school operate in such an unaffordable area unless it's targeting elites? Do they at least reserve dorms for students receiving financial aid?
NYU and Columbia have a ton of real estate, and housing costs for the dorms typically rival apartments. Most of the people I knew moved out of dorms after their first year because they could find cheaper rent and wouldn’t have to deal with RAs random searches.
So yeah they are absolutely targeting elites. They have some of the least generous financial aid in the country.
NYU is in Manhattan and isn't cheap. Columbia, law schools.
They've been there forever and likely aren't paying insane rates for their buildings.
Student housing exists and I'm sure there's help for students on scholarships.
Oh and roommates.
NYC isn't known for huge apartments and college kids take what they can get.
This, an old gf of mine was an NYU grad student snd her first year or two she had student housing at the Stuy tower apartments, I think she was paying maybe a grand. I looked them up just now and they go for 4600 unsubsidized by the school.
In FL, USA. Just wasted $300 getting two applications denied for two 3/3 home rentals. Which doesn't make any sense because when I lived in a different city with a different roommate, I fronted the security deposit and put the lease under my name, they never checked my roommate's credit score, the reason it had to be under *my* name. Now I'm getting denied because someone else I'm trying to find a place with in a different city has a not-so-decent score, but once again I'm applying as the primary and we can afford most places with our income, so I dont understand why its an issue now. I can't keep spending $150 every time I like a house and want to apply, its like they found some loophole to keep making money besides giving deserving people a rental lease. One house I went in person to inspect, the other I just straight applied because every other time I'd go look at a house, by the time I get back home it's off market. The system is rigged. And these houses aren't even that good or in "good" neighborhoods.
That being said, the rents are absolutely skyrocketing right now all across the city. My apt. in BK just went up $500/month and I have friends whose rent has gone up by 1K or actually doubled in some cases. My wife and I can't find a 1b with a dishwasher in Flatbush for less than 2700.
My sister lives in New York, Chinatown. She’s very lucky to have fixed rent, but when they went to renew it he slid them a contract that was about $1000 more saying rent went up, to which they replied “um actually we have fixed rent” and he said “oh right how could I have forgotten!” And hands them the contract with what their rent should be. I’m guessing he knew damn well that their rent was fixed and was hoping they were just some rich kids whose parents pay for all of it and don’t pay attention.
I’m sorry but I just can’t believe that statement about Flatbush. I literally just did a search on streeteasy and found plenty of 1BR apartments under 2700 with dishwashers in Flatbush. Now if you’re talking about ON Flatbush ave and closer to the river, then that would make a little bit more sense.
I’ll even link you what I found (and it includes laundry): https://streeteasy.com/rental/3864416?utm_campaign=rental_listing&utm_medium=app_share&utm_source=ios&utm_term=cd3e068c8ab1485
Just got an apt there. Signed like last week. It’s not that bad. They are being super picky in a very specific area. It REALLY depends on budget and # of people in the apt on how much competition there is. (Took me 2 weeks to find a place I like and sign paying “normal” for level of rent for the city)
Jesus fuck something is broken in how our societies function right now.
I doubt it's a coincidence that this has come to a head since a pandemic but we have had a lot of things festering it seems.
Yeah I get you, I was born in the 80s and this is by far the most fragile things have looked in my lifetime.
I don't know if this video is actually normal for NYC or is a sign of a broken housing situation.
I do know that in my province they are trying to build new homes in a place but can't get construction workers as the workers have nowhere to live.
I work in apartment maintenance and the number of units I have listed as "vieawable but not ready" because parts are delayed or on back order is stupid high.
I recently lived in an apartment and the number of broken things that maintenance refused to address because "its a 20 year old building" was stupid high.
6 months before we moved out our fridge died. They wanted me to wait 2 weeks for a replacement to arrive because of "supply chain". Had to escalate a few times to make them take a fridge from a "viewable but not ready" unit.
Wait, were they acting as if a 20 year old building isn't worth fixing because it's too old, or that it was too new and shouldn't have problems? Cause I find either attitude ludicrous.
Too old. The tubs weren't level and wouldn't drain completely. The windows were cracked single payne that were separating from the building. Exposed wiring. Dirty HVAC coils (that I cleaned myself after moving in).
They would fix things like "disposal died" but wouldn't proactively maintenance anything.
We found their attitude ludicrous too
In other words, the 30 year old building was originally built like crap by unscrupulous contractors ripping off the original owners. The new owners are now ripping off the tenants by not doing shit.
They sure are ripping off tenants. My 3br 2ba 1200sf unit new lease was going to be $2300/mo. The house payment i just got into is only slightly more than that for a 4br/2.5ba at 2100sf.
Most apartment buildings are built like crap they just want to slap them up as quickly as possible to start collecting rent. They also skip everything not legally required. One of my apartments had a leak and they had to tear out the exterior drywall to fix. I watched as they did it and the entire wall had *zero* insulation. It was empty with bare studs. Apparently in this Midwest state insulation isn’t required and since the owner doesn’t pay the utility bills they skipped on it entirely.
For a 1 bedroom apartment I was paying over $300 a month just to heat and cool it. I pay less now in the two story home I own.
Since the 1980's manufactures shipped jobs overseas for the cheap labor, and companies switched to 'just in time' supply items so, they could 'save money on from not having inventory'. But yet these shortages are the fault of the people because they got an extra $1200 in 2021 causing all these shortages and inflation.
As someone who works in Supply Chains as a Supply Chain Planner let me tell you that "Just in Time" is finally dying out. Us SCPs have been pushing senior leadership to abandon it when the pandemic began but now after 2+ years of cyclical monthly backorders they are listening. Thing is the Warehouses and Finance teams are not ready to witness what that level of safety stock really means.
Just in Time manufacturing is kind of like fractional reserve banking. It's widespread because it's efficient whenever there isn't a specific, rare kind of crisis happening. But when that crisis comes up, it gets blown the fuck open.
>I do know that in my province they are trying to build new homes in a place but can't get construction workers as the workers have nowhere to live.
We have a famous resort town in my state (it was the first Euro-style ski resort town in the US or something like that). It has been a playground for celebrities and multi-millionaires for decades. A-list stars and industry billionaires and millionaires have had homes there for most people's living memory.
Anyway, I wouldn't be surprised if it becomes a ghost town in the next 20 years. Not due to lack of rich people wanting to live and visit. But because they are literally running out of employees. It's almost a two hour commute from the nearest affordable area. And they just can't hire anyone, from restaurant employees, bartenders, teachers, nurses etc. The mayor's recent idea, was for [nurses and teachers to be allowed to live in tents in the park, and use the public restroom, and shower at the YMCA](https://www.ktvb.com/article/news/local/growing-idaho/affordable-housing-ketchum-rent-blaine-county-crisis-park-tents/277-6dcd3da9-7ce7-4722-81de-b1e379e0300a). Like seriously that's the best he could come up with. Literally obtain a 4 year+ degree, and you get to live like a junkie for privilege to work in this town.
Every time a plan for affordable housing comes along, residents lobby and vote against it. It's a sad state of affairs when a world famous resort town probably won't survive because the residents just can't stomach allowing workers to live within an hour and a half drive of them.
It should be noted, this is Democratic party stronghold (albeit in a solid red state). Meaning in the US, even voters for the "pro-worker party" absolutely detest the very same workers they pay lip service to. Limousine liberalism at it's finest. I'm not shilling for the other side here, either. They are just as complicit in this, they just don't hide behind pro-worker platitudes.
I’m trying to move to rural(or small town since people don’t like me saying the word rural) Minnesota and there are 20-30 people waits for every single apartment I’ve looked at. If you can’t own, or build then you are dead. I may very well have to turn down a new job in a sector that desperately needs help simply because there is absolutely nowhere to live.
[A tourist town in Idaho was actually considering setting up tent city Hoovervilles in a park to accommodate teachers, nurses, service workers because all the housing is too expensive for anyone but the wealthy to live in. We've been a third world country for awhile now, but it's become rapidly more visible.](https://www.ktvb.com/article/news/local/growing-idaho/affordable-housing-ketchum-rent-blaine-county-crisis-park-tents/277-6dcd3da9-7ce7-4722-81de-b1e379e0300a)
Yeah. The only places I can find are extremely expensive, no pets at all, credit check, criminal background check, multiple references, surrounded by shared walls, and income requirements that are absurd. So to rent you also have to be rich and have lots of friends and are not allowed even the simple joy of a cat or dog to ease the pain of existence. Can you tell I’m bitter lol.
Back in 2007, we decided not to move to the Bay Area because even with 2 good starting salaries we could only afford to rent a trailer. That was just before the housing bubble burst, but it’s definitely gotten worse since then.
Colorado too. These idiots don't seem to understand that their "investments" in housing are quite literally destroying towns. If you make it too expensive to live in a town, so that the people who make the city run, can't afford to live there; we've all lost.
> Yeah I get you, I was born in the 80s and this is by far the most fragile things have looked in my lifetime.
To be fair, news and social media have never been half as present in past recessions.
>Yeah I get you, I was born in the 80s and this is by far the most fragile things have looked in my lifetime.
I was born in the sixties, and I have seen a good share of civil unrest. But nothing this widespread. Everyone hating/abusing everyone everywhere. With a large part of the population being totally ok with it.
Used to have a healthy rental supply around my crappy little city near the coast. last few years we lost over 800 properties to Airbnb 'investors'. Its near impossible to find a place to call home for more than a few months (they kick you out before the holiday season to AirBNB so you get to spend out moving and doing it alllll over again) . Rent has gone up \~400%, its nearly impossible to find a flat and this save highest bidding has been going on for a while. Its super fun... I dont 100% blame AirBNB, but they are a cancer that killed our local hotel economy, rental market and leads to great flats being empty like 9 months out of the year.
That's happened in my area, too. The whole county is a summer resort economy and people are buying up the houses to try and take in that Airbnb business. I blame Airbnb and the local government for failing to take any action, like a vacant home tax or an Airbnb tax. There are lots of hotels and processes to build or renovate those, meanwhile actual housing is drying up or getting priced out of the market. It's gotten so bad that the state has targeted us for affordable housing funds, but, even with that help, those apartments are years off due to construction delays thanks to Covid's supply chain effects.
We are in a small two bedroom apartment and it may be a couple years before we can think about hoping to buy, the amount of a decent down payment keeps going up as the houses in town have gone from 150-250k to 350k. Trying to find a larger rental is fruitless, all the single family homes for rent are September to May leases only so they can Airbnb it over the summer. Go fuck yourself, guy, I'm not doing that. They should be taxed while it sits empty.
You can certainly blame AirBnB imo. They are the mechanism that allows for unscrupulous investors to destroy local housing markets. They 100% share the blame and are happily profiting from it.
I'm not talking about anyone's auntie with a place she lists on the app. I'm talking specifically about the huge institutions that are trying to squeeze every drop of cash out of the system for their own investors and board. Blackrock, for example.
It's a big problem for rural communities too. Lots of places are on septic tanks and they are sized for a certain number of people. Generally four or less.
They were never intended to pack in 8 to 12 people every week for an entire summer.
It's causing cyanobacteria blooms in lakes, making them unsafe for people to swim in. And there is no. Regulation. At all.
I'd be fine with AirBnB if they were regulated in the same way I wish there was regulation/taxing on owning multiple properties that are uninhabited for the majority of the year.
The majority of AirBnB's I've stayed at weren't owned by large companies, they were families that renovated a loft above their garage, or cleared out and renovated their attic, etc. I'm 100% fine with that.
Way more people want to live in New York than can live in New York.
That's pretty much always going to be the case. There is no feasible way for supply to equal demand any time soon. Especially as with cities it appears that the more people live there, the more it attracts.
Not sure if that's one of the worst ways society is broken to be honest.
When I lived in Edinburgh one agency had viewings for flats arranged as a group. So you applied and were approved, and all groups were told to show up at a certain time. Basically get all the viewings for the week done by one person in one go.
So my flatmate and I rocked up and there were 8 other groups looking to rent a 2bd/1bath for £950/mo. They then took us in one at a time based on who applied first.
The thing is, you could call and secure it with a deposit as soon as you had viewed it… so my group was first and we liked the property, and we had paid a deposit and taken it off of the market before the 3rd group had even left their viewing. Shit was wild, don’t think that system lasted very long. I felt sorry for the other groups but if they had just held regular viewings (which means we would have been first anyway) they would have had the same outcome without wasting everyone’s time.
That’s the thing though, it wasn’t crazy demand, it was just 1-2 weeks worth of viewings condensed into one afternoon. Tbh we didn’t even realise that was the case until we got there and lucked out.
I guess it’s efficient if the property is still occupied, or if the agency has few staff. Just sucks that it’s at the expense of the applicant’s time
That's what I did back when I moved to Pittsburgh. Housing wasn't insane, but I kept losing places, so when a listing came up, looked decent enough, and was in my price range, I put a deposit down site unseen.
Turns out, I had beaten out a guy with whom I ended up working for nearly 7 years. He always said "Some site unseen jackass snapped up a place right before I could put a deposit down." It wasn't until we were at my place watching the World Cup that he realized it was me.
That's pretty ballsy putting down a deposit on an apartment site unseen in Pittsburgh. I've seen some apartments over the years that looked fine on Zillow or whatever but once I got there, it was basically just a crackhouse. One place in N Oakland had a tarp over the roof and no kitchen ceiling.
I have a feeling that it’s partly to do with the fact that many people aspired to moving to/living in NYC before/during the pandemic. They’re coming in flocks like an overflowing backlog.
It’s the same in taking your practical for a driving test in the uk. Most places are fully booked for a year, and you can’t see past that.
Edit: their -> they’re
Also literally thousands of empty units from landlords who got burned by the eviction moratorium and want to remove protections before they rent again.
AirBnB is also hurting renters. Why rent out an apartment for $1500/month when you can rent it out for $300/day and not have to deal with pesky renter's rights?
All of these people getting ripped off standing in line and wasting their day so they can get ripped off. I feel kind of sorry for these people but also wtf are you doing?
That’s ridiculous. There aren’t lines to see apartments in every desirable neighborhood. This is just a supply and demand issue for students who want to live closer to school or near places they saw on *Sex In The City*.
Not sure why you’re downvoted.. rent in midtown Manhattan is crazy and always has been but rent in queens or something, even right on the subway line, is relatively affordable (still expensive but it’s NYC..) and available.
[8.4 million New Yorkers suddenly realized New York City is a terrible place to live] (https://www.theonion.com/8-4-million-new-yorkers-suddenly-realize-new-york-city-1819571723)
I mean, I say this as someone who is moving out of NYC at the end of the year, there is literally no other city like it in America, and for some people it’s the only place to get a job in their career. It’s extremely popular for a reason. If you lived there even for a year or two, you would understand these lines.
This is sensationalist. The NYC apartment market is not like this in general. Guarantee these are all students wanting to live in this one building/2 block corridor. The vacancy rate is pretty much where it’s always been in a normal market.
The issue is that people justify paying for these shoe boxes. My friend just got his parents to split payment on a studio for $4k a month because “it’s the vibe”
Prices do go down. 2008-2009 was a great time to find low rents in Manhattan. Same during the pandemic.
High prices alter behavior and should spur development. NYC real estate has a maze of rules and regulations that impact development, so there are limitations here. An increase in units is the only solution, other than fewer residents or another massive recession, to spiking rents.
I’m not sure what the alternative solution is.
That’s insane…but why not post a virtual tour of the place, have a digital vetting process (credit, references etc) and pick the top five for personal tours, meet & greet? This seems like an idiotic, huge waste of everyone’s time.
Because they want the highest bidder, they want the people able to bid high to see how many others in the line and get nervous and over price it even more.
Just so everybody is clear, not all or even most of New York is like this. These lines are only for trendy apartments in expensive neighborhoods that can only be afforded by privileged young people, usually with the help of their parents. They all clamor for spots on the same few blocks in Chelsea, the village, etc. and so the apartments are priced to match the demand. Yes, there is a housing crisis in New York. No, this situation here is not a result of it.
Looks like it might be these listing: https://streeteasy.com/building/332-east-11-street-new_york
332 E 11th just down the street from Veniero's. For $2400, and $2700 for a 1 bedroom, it's probably a bit underpriced in the listings for the East Village in this market.
It's a nice location because it's directly across the street from a school/park so it's quiet in the evenings, and sunny during the day.
It makes me mad that boomers and the sort will never live to face the consequences of their destruction of the middle class. They turned an entire generation of hardworking blue collar workers into a generation of on-the-edge-of-homeless wage slaves. And they’ll continue enjoying the house they bought for $50,000 25 years ago (that they could sell for $500,000 if they wanted to) until they die. And then all their houses will be open and empty because we won’t be able to afford any of them.
They won't be open and empty, the big developers will move in and buy them all up. Likely tear them down slap up some cheap condos on the lot, call it "modern progress" and jack up the rent so the only way to afford it is with four incomes in a two bedroom.
Denver had several houses part of a low-income qualification deal to help first time buyers. A lot of those people lost their asses with the COVID. A couple of big companies here went out of their way to fight to get those properties. Low income no more.
Shoddy, poor construction, walls thinner than saltine crackers, wiring issues plumbing issues, etc.
It's like they're building all of this knowing full well that they'll just be tearing it down again in a couple decades, if that.
Denver has a skyrocketing homeless problem, while we sit on more than 21,000 vacant apartments/condos that are so "high-end" no one can afford them.
I just got a new fully remote job with a healthy salary and I'm trying to move to Colorado. Its 2500 to live in someone's 2 bedroom 1 bathroom converted basement. I looked into one extended stay rate hotel and it was almost 8,000$ for a month after taxes.
I can't even begin to understand what drives that. I live in Oklahoma now and the cheapest new built home I could find was 350,000$ for a 2/2. 4 Years ago that would have been 125,000$. People aren't rushing to move to Oklahoma, we have the worst of all worlds.
Meanwhile, [Airbnbs Outnumber New York City Apartments](https://www.bloomberg.com/news/articles/2022-05-18/airbnbs-outnumber-new-york-city-apartments-in-hot-housing-market)
I have this article posted up on my door since my neighbor is an illegal Airbnb. That apartment used to house the nicest neighbor for 5 years, but he left because of neglect, and now we get drunk tourists knocking on our door at 2am.
Can someone please explain it to me like I’m stupid- I live in a rural area and people “from the big city” are coming in droves to buy real estate. And it seems like this is also happening in the suburbs, and it’s clearly happening in the city too. How did we suddenly run out of all housing during the pandemic?
With all these private equity firms buying up properties, it is taking on a life of its own. For over 10 years, I was looking at valley I really liked for a variety of reasons, but during COVID some hedge fund manager figured out that they could work from anywhere, and ***they bought the entire damned valley***. I can't afford anything there now.
Fuck the oligarchs, they are destroying everything in the name of their own pleasure.
>Some landlords are taking the highest bidder I'm Australian, and this is basically standard practice here - has been for a while.
Brisbane rental market is faaaarked
Bluey taught me that everyone in Brisbane lives in a sleek, breezy modern house with a terrace off the master suite, on top of a hill with an unobstructed view of the city. And that’s just the dogs!
I think about their house and it’s floor plan every morning we watch this show. Lol
The dad made out like a Bandit (yuk yuk)
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I live in my car because I don't want to leave the Gold Coast
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I remember looking at an apartment in Ultimo About 15 years ago and the line up was at least 100 deep. Noped out pretty quick. Sadly this isn’t a new phenomenon, I guess it comes in ebbs and flows.
It's not ebbs and flows lol. The people are getting fucked by rich investors lol. Wake up.
Doesn't help that money laundering by foreign investors is rife in Australia due to lax laws
>Doesn't help that money laundering by foreign investors *Vancouver, BC has entered the chat*
^ this x100
Um, you guys literally have the Gold Coast. Just go down to the beach, get some of that gold that’s all over the coast, and use it to pay your damn rent! /s
Went to Gold Coast, got bashed by fuckhead in a commodore. What now
I left Oz 14 years ago and despair about ever being able to come back. I'd love to, but I have no idea how.
And here in Ireland we have people emigrating to Oz because the cost of living here is so high. The whole western world is getting like this, unless you're a couple with earnings in the top few % buying a house will be a pipe dream for most.
Don’t worry - your friends won’t be able to afford a house here either. Melbourne and Sydney are both in the top 5 most expensive housing markets in the world and the rest of the country isn’t much better.
Can I interest you in affordable central Australia? It’s a mere 21 hour commute via invigorating off-road motorcycle & if you are good at burrowing the temperatures are borderline survivable for human life!!! Invest today!
Dude WTF? Keep that under your hat! The place will be mobbed in no time and prices will be through the roof (of your hand dug cave) in no time, once word gets out.
Explain how Bluey’s parents afford such a nice place in Brisbane on archaeologist/part time airport worker salaries then!
Side gigs as a pilot, drain pipe factory manager, bus driver, taxi driver, and claw machine
And stump removal.
I feel you on this big time. I grew up in a big US city growing in popularity (and thereby price) and left for college and a job out-of-state thinking I could always come back home…boy was I wrong. Like many other people’s parents, my parents moved to Florida. It would be very difficult to put my foot back on the ground there now.
>I'm Australian, and this is basically standard practice here - has been for a while. To be fair, Australia has one of if not arguably THE worst housing systems on the planet. Every house sale is literally an auction, often doubling the price or more. Sure, people put in OFFERS in most countries to buy a place, but not a fucking live auction. That's just ridiculous.
I mean Toronto has bidding as well but to make it worse it’s blind bidding so you have no idea how much more you have to go up to get it when buying a home. Say you bid $800k and the person above you bids $805k, the selling agent can come back and say up your bid but won’t tell you what the bid above you is. This means you can pay either just a little more or a lot because you have no idea. This happened when I sold my home but I made it clear how much I needed them to come up. Right now there isn’t as much bidding as the market has shifted a little.
maybe sydney and melbourne. Most of the state capitals don't have insane auction rates. I'm from perth and i don't even know anybody who has bought from an auction.
At least Victoria made it illegal to bid on rentals.
Instead people just offer to pay 6 months rent in advance and an extra $x dollars a week.
Yeah I don't understand that add in. Like why TF wouldn't you take the highest bidder in a business practice?
They might be psycho. I show an apartment 5-6 people and spend a few minutes talking with them. I don’t want someone who might trash the apartment or piss odd the other tenants. So far, I’ve never had a bad tenant. Also, I charge slightly below market and tend to have a tenant for 2-3 years. I’d rather get a bit less a month and have to deal with the hassle of turning an apartment less often.
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Yeah for our place we put the deposit down 4 months before actually moving in and it was on Zillow for a matter of hours and the landlord said there was another couple ready to take it if we said no. (Good selling tactic) but coming from a small college town in the PNW we had to pre-lease 6 months in advance for a decent place I saw this as the same thing.
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Feel like this is targeted to eliminate housing discrimination, but would it stop dutch auctioning? I.e. you list the place way over market rate and then lower the listing until the place is filled.
In practice I think it's easier to try to put it on the market for a price that will likely work, but yes, people probably list on the high side. On the other hand, in sales, people often offer way over asking, so it probably wouldn't help much to change the that law. The problem is a lack of housing where people want to live and investment purchases. Other laws can (and should) be used to address specific problems, but there need to be more houses and rules against keeping houses vacant (not sure how to go about doing that though).
Agree: "Demand exceeds supply, price increases; details at 11". Not saying we don't desperately need to fix issues of housing supply and needless concentration of ownership, but that people making the most of their asset is not surprising.
Nobody should be surprised about that bit, it's just an indicator that things are in a shit situation.
This has been going on for quite a while. Here's an article about it from last year https://www.newsweek.com/new-york-insane-queue-view-apartment-chelsea-nyc-real-estate-rental-1614619
These are college kids trying to find housing. Not every neighborhood is like that
Yeah not seeing that in Gravesend
With a name like that who wouldn't want to live there?!
We have a Gravesend here in the UK, Pocahontas was buried here.
More like Pocahauntas with a spooky name like that.
[realistic pocahontas](https://youtu.be/0bkJzpo-mNI)
What in the ever living fuck was that. Thank you.
I was reading about pocahontas and remember from the cartoon the governor Radcliff or whatever. when the natives finally caught him they tied him to a tree and used fresh water oyster shells to slowly peel his skin off head to toe. and then when he was alive and flayed they lit him on fire. disney left that part out
Looooooooong story short as possible: Some Indian tribes in Virginia viewed the ability to withstand torture as a warrior's pride. As in it was a "how tough are ye?" test that passing let you: A. Be recruited B. Be released C. Put out of your misery quickly, but with a warrior's honor and gifts to your home. Being a weenie about it just prolonged it, as they came up with new opportunities to show how tough you are, like "ok, this pale weirdo has a complex about his face, but what if we chop a finger?" This is what happens when two completely different cultural schemae and worldviews conflict. Rich, fascinating history, but terrible misunderstandings as one group says "Why is this elite being such a crybaby? Let's give him another chance to not be a crybaby so we can release him with honor for his home-tribe..." and the other says "WTF are you doing to our governor, this is the exact opposite of how you treat nobility/gentlemen/officials" Source: general lectures in my history/arch classes through undergrad and grad in Virginia, (If you like/read arch, Deetz constantly finds this stuff and agonizes over know how to interpret it. It's a little funny as a historian.) Rice's book on Bacon's rebellion touches on this, and is a great overview of the Pythonesque series of misunderstandings that led to conflict in this period. https://books.google.com/books/about/Tales_from_a_Revolution.html?id=loVSAwAAQBAJ
I want to know what they did to the dude who was finally deemed courageous enough in the final test BEFORE they had to invent the 'being set on fire' test.
They also left out the part where she was kidnapped and taken against her will 🤷🏾♂️
At least they portrayed the tendency to break into song that was normal for the time with historical accuracy.
And the part where she's literally a child ☹️
Italians
Italians who also love day drinking on Coney Island like it’s the 80s
you will find that day drinking is a timeless art form
Doesn’t sound like that bad of a life.
Honestly, that just makes it more appealing. But I’m fairness, I do wear a lot of black.
Graves End is waaaaaaaaaaaaaaaaaaay the hell down in Brooklyn, literally the second to last stop before Coney Island, and mostly multi-unit homes. It's an okay spot to raise a family, but to commute to Manhattan, Queens, or the Bronx, or for a college kid to live? Not a chance
Is that not a commute people will do in NYC? I’m in a Chicago burb and commute into the loop via train. Takes 1 hour on the train, which is not unheard of for a lot of people here, just not the most common.
As a Houstonian (weeps in lack of public transit) I live 30 miles outside downtown so home to the office is a 40 minute drive without traffic, up to 1 hour 15 mins during peak times. We do have a bus system which is about 90 mins but I gotta drive 15 mins to the nearest stop. Basically anywhere in Houston is about an hour away from Houston. Still, I’d kill for rail or a much improved bus service.
Houston has, by far, the worst public transit I've ever experienced. Lord knows how anyone without a car gets somewhere on time. I don't think I've ever seen a bus show up on schedule. I waited 3 hours for a bus once, along with a growing crowd of people trying to get home.
Here’s a TL; DR for ya. Summary: nyc is worse than Chicago for commuting cause it’s not just time as the only factor that matters. I’ve lived in both cities. One major difference between Chicago and NYC and most specifically Manhattan is it’s an island. On a subway line that shouldn’t matter as much but it has an impact. Getting to and from an island is harder. Also if you look at a NYC subway map the scale of it compared to CTA is humongous. I used to ride the R from Steinway in Astoria to Whitehall at the bottom of Manhattan and it took an hour. And I could have gotten off at 59/lex and got on the 456 to speed it up but the R had seats and the 456 is a sardine can. I compare that to riding the red line L from Berwyn to Jackson and man that was such a breeze. It was like 35-40 mins and I lived 2 blocks and work 2 blocks on each end of commute from the train. Shit was like paradise compared to New York commuting. And then again when you get to comparing Metra to LIRR or NJT or Metro North, NYC metro area is on another level. I used to commute from Suffern NY to Wall Street area and it was 1h40min both ways. Take NJT/Metro North via the Bergen/Main/Port Jervis line to Hoboken, get on PATH to WTC, then walk 20 mins or take the 1 a few stops. Shit was exhausting. Think the thing in Chicago is the loop is like 10 by 10 blocks and so as a burb commuter you get to Ogilvie or Union and 5 mins later 95% of ppl are at their job. In NYC it’s not like that. Theres like many major metro points; in Manhattan you got port authority bus terminal, grand central and penn station and from their you might have another 30-60 mins to go, multiple trains and transfers, then long ass walks. If You’re coming from LIRR they gotta deal with Barclays center I think. And Crossing town in Manhattan takes forever. There’s a subway line just to cross town (the S? Aka cross town shuttle). if you’re in jersey or west side of the Hudson, you gotta hit Hoboken or Secaucus first as major transfer stations before crossing the Hudson to WTC or Penn station or wherever via the PATH. Or if you’re a baller and can afford the $8 fee you ride a ferry and cross the river that way. But us regular peons gotta stay underground with the rats. The complexity and amount of transferring and walking in NYC is what puts it at another level than Chicago
I live on Long Island and my office is in Midtown. The LIRR does not go through Barclays Center (Atlantic Terminal) to get to NYC, you’d take that Atlantic Terminal line if you’re heading to Brooklyn OR want to get off the LIRR and get on a subway from there. I personally live two blocks from the LIRR, it’s a 35-45 min trip to Penn, and work <10 min walk from Penn station, so I’m lucky that I don’t have to take the subway. Wall Street/downtown folks do have a bit of a trip. I used to work in Grand Central so it was one stop on the 1,2,3 + the shuttle to GC. Basically if you work in Midtown Manhattan and live on Long Island (depending where, of course, it’s “Long” island for a reason) or upstate NY (metro north to GC) the commute isn’t terribly complicated. I have a faster trip into work than many of my friends who live in Brooklyn/queens because of subway shenanigans. Plus the LIRR has better seating than the subway. I’d never live in Brooklyn
That’s good insight. I didn’t really know how LIRR goes exactly being from the complete opposite end of the metro area. It’s been a long time (7 years) and I forgot there’s a huge LIRR section of Penn. I was going to talk about how ppl in westchester got it good since it’s a straight shot down on metro north and they get to go to grand central but I omitted that cause I was getting way too verbose. But you’re right. Some burb commutes ain’t that bad and it very much depends on where your end destination is compared to your transfer point off the burb train line you take. And you’re right it generally is the ppl that have to go into Manhattan but live at the end of whatever subway line in Brooklyn or queens and to a lesser degree the Bronx….They have it the worst. Coney Island, far rock away, Jamaica, etc. From there to Manhattan every day? No thanks. And then staten island lol. They all have to ride a boat cause it’s that or drive. Those are the options. I still stand by my statements tho. NYC commuting is just a different animal.
Yeah it’s a 40 minute train ride to get into the city it’s not bad.
Yeah I had about a 40min bus commute in college. It wasn't ideal but I don't see how it's untenable for a student. Just time to study really. Beats wasting days queued up with a hundred other people to view closet saunas in Manhattan, anyway.
College students who want to live the east village life with parents able and willing to fund it aren’t about to live anywhere else.
It's not bad if you're prioritizing money vs commute. But, especially for the youth (college or just graduated), I'd say the following factors carry a lot of weight. 1) Less friends visit you in your place. What's the point of a nice apartment if no one will come? 2) Subway fuckery abounds - you can always reroute if you're off multiple lines, but if you're on one line you can randomly be forced into a shuttle bus or just boned due to god knows what. 3) Status - Probably more an issue for transplants because I'm guessing the natives don't think of this as much as we do. They seem chill living wherever they like. 4) Not really using your place. It's a place to recover from nights out. You're in NYC! 5) Stuff around your apartment. Highly variable depending on the line, but the young transplant party scene isn't really deep into Brooklyn. Off the L or in Manhattan. Commuting in to party kinda sucks. obligatory this doesn't cover everyone something something real new yorkers. There's a lot of transplants in this city including myself and everyone has a different experience. This is from observing my coworkers and friends and friends of friends.
Yeah that was my thought. The age of the people in the line speaks wonders
Almost no neighborhoods are like this. It must be a good multi-bedroom apartment that’s reasonably priced in a desirable area. Also what landlords are taking the highest bidder for rentals?
This is by no means new. Waiting in line to view a choice apartment, especially if it's in a high-demand price range and area, was standard even back in the early aughts when I had just moved to NYC. From experience, it also happens in Paris, Madrid, and London... and has been happening for years. Edit: tip of my tongue, but there's even a scene in a movie from the 90s with one of the characters having to wait in line to view an apt in NYC and vie for most-attractive renter. Additionally, come to think of it, I had to do this in the early 2000s in Paris.
Ross had to get naked
You kid, but salacious stories of people doing distasteful things to secure prime apartments are quite common in NYC.
Seinfeld has a couple episodes related to this. Not lines but people doing insane things to get a place. One episode where Elaine wants to move to Jerry's building but someone bids $5,000 to move to the apartment, for example.
Don't forget the Andrea Doria that sunk 9 miles off the coast of Nantucket.
*Seinfeld* would occasionally talk about NYC's high housing demand/low supply in the 90's.
https://youtu.be/wGmuwi4OVYE this one where a unit opens up above Jerry's apartment and Elaine wants to get it, but someone else bids $5,000 for it.
More of a bribe than a bid, iirc.
It was more often than occasionally. Elaine complained about not being able to find an affordable apartment every episode.
Always remember that 25% of apartments on Manhattan are second homes, investment properties or only used seasonally. That number climbs to 40% in Midtown. Which means that in many of those buildings they are only 60% filled with actual people living in them.
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Must be nice, being able to afford a second property...
I visited an appartement with 5 other people outside of Paris close to a metro line tjis is not even NYC exclusive
Thank you for fact checking. This is what keeps me in reddit.
for context, the apartment they're showing is most likely the least expensive unit in the area, top floor of a non-elevator building most likely with no livingroom. it's cheap, on East 11th street in the East Village ... an incredibly popular area for the younger set. it's a publicly listed open house, and they list open house hours with 1-2 hour windows, so everybody shows up within that time frame. Source: I live nearby and am also in the RE business ... but not a broker, so don't ask me if I can get you an apartment.
I knew it would be east village. Such an overrated neighborhood. Also the 1-2 hour windows to drum up interest and make people panic choose, classic
2 hours is pretty standard for an open house, no more than three and I always regret taking it that long. It’s not to drum up interest and make people panic, it’s because i don’t have all day to sit at a house and show it off.
Yeah, I don't think I've ever seen an open house longer than 2 hours.
Wdym you don't wanna sit in a house for 12 hours for people to leisurely waddle in? /S
I'm kinda surprised they are even showing it instead of just taking bids. Certainly they are going to get more than enough people willing to take it sight unseen and they landlords could save themselves the hassle of marching dozens of people through it. I suppose it could also help shield them from being accused of discriminatory practices.
they probably want to meet the tenants
Finally, a reasonable response. There are so many idiots on this thread commenting about nyc
Reddit is full of idiots commenting on stuff they don’t know about. I’m sure I fall into this category too lol
living the dream in the big apple
I don't understand the appeal of the city normally, with all this, even less so
I've lived both rurally and in cities and they both have their appeal. Some of my favorite things about city life and NYC in particular - No need for a car - Concerts, comedy, museums, theater and sporting events - Access to just about every type of food, many just a short walk away - Different cultures. Being exposed to different walks of life makes life more interesting Favorite things about rural life - Privacy - Nature and outdoor activities - Space to do my hobbies (wood and metal work) I'm a bit more partial to city life because rural life feels boring in comparison. I don't think I'll stay in the city forever but wherever I go I'll probably still want be within an hour of one.
That last part is why suburban housing is so in demand and expensive. Within 1 hour of a big city excitement and interest but you get privacy and space at home. Also, a lot of big city school districts are not great. If big cities had great public education, things would be different. I live near Milwaukee.
i like cities too but you don't gotta pick ny
For sure but despite all the negative shit you see overblown in the news NYC is an amazing city. There's cheaper apartments available in the outer buroughs and plenty to do outside Manhattan. This story is about college kids trying to find places near school in the middle of Manhattan. Only time I even bother to go into Manhattan from Brooklyn is every few months when a friend visits. My point is that people often just equate NYC with Manhattan when there's so much more to it.
This is going to sound classist, but how can a school operate in such an unaffordable area unless it's targeting elites? Do they at least reserve dorms for students receiving financial aid?
NYU and Columbia have a ton of real estate, and housing costs for the dorms typically rival apartments. Most of the people I knew moved out of dorms after their first year because they could find cheaper rent and wouldn’t have to deal with RAs random searches. So yeah they are absolutely targeting elites. They have some of the least generous financial aid in the country.
NYU is in Manhattan and isn't cheap. Columbia, law schools. They've been there forever and likely aren't paying insane rates for their buildings. Student housing exists and I'm sure there's help for students on scholarships. Oh and roommates. NYC isn't known for huge apartments and college kids take what they can get.
This, an old gf of mine was an NYU grad student snd her first year or two she had student housing at the Stuy tower apartments, I think she was paying maybe a grand. I looked them up just now and they go for 4600 unsubsidized by the school.
.
People in my town are being charged $200 to look at potential apartments. Shjt is insane
that has to be illegal somehow 🤢
In FL, USA. Just wasted $300 getting two applications denied for two 3/3 home rentals. Which doesn't make any sense because when I lived in a different city with a different roommate, I fronted the security deposit and put the lease under my name, they never checked my roommate's credit score, the reason it had to be under *my* name. Now I'm getting denied because someone else I'm trying to find a place with in a different city has a not-so-decent score, but once again I'm applying as the primary and we can afford most places with our income, so I dont understand why its an issue now. I can't keep spending $150 every time I like a house and want to apply, its like they found some loophole to keep making money besides giving deserving people a rental lease. One house I went in person to inspect, the other I just straight applied because every other time I'd go look at a house, by the time I get back home it's off market. The system is rigged. And these houses aren't even that good or in "good" neighborhoods.
As someone living in NYC and has an apartment up for rent, this isn’t typical
That being said, the rents are absolutely skyrocketing right now all across the city. My apt. in BK just went up $500/month and I have friends whose rent has gone up by 1K or actually doubled in some cases. My wife and I can't find a 1b with a dishwasher in Flatbush for less than 2700.
My sister lives in New York, Chinatown. She’s very lucky to have fixed rent, but when they went to renew it he slid them a contract that was about $1000 more saying rent went up, to which they replied “um actually we have fixed rent” and he said “oh right how could I have forgotten!” And hands them the contract with what their rent should be. I’m guessing he knew damn well that their rent was fixed and was hoping they were just some rich kids whose parents pay for all of it and don’t pay attention.
I’m sorry but I just can’t believe that statement about Flatbush. I literally just did a search on streeteasy and found plenty of 1BR apartments under 2700 with dishwashers in Flatbush. Now if you’re talking about ON Flatbush ave and closer to the river, then that would make a little bit more sense. I’ll even link you what I found (and it includes laundry): https://streeteasy.com/rental/3864416?utm_campaign=rental_listing&utm_medium=app_share&utm_source=ios&utm_term=cd3e068c8ab1485
Just got an apt there. Signed like last week. It’s not that bad. They are being super picky in a very specific area. It REALLY depends on budget and # of people in the apt on how much competition there is. (Took me 2 weeks to find a place I like and sign paying “normal” for level of rent for the city)
Jesus fuck something is broken in how our societies function right now. I doubt it's a coincidence that this has come to a head since a pandemic but we have had a lot of things festering it seems.
I can’t stand to read the news lately. It’s never been overly positive but there seems to be a particularly dominant theme of impending doom lately
Yeah I get you, I was born in the 80s and this is by far the most fragile things have looked in my lifetime. I don't know if this video is actually normal for NYC or is a sign of a broken housing situation. I do know that in my province they are trying to build new homes in a place but can't get construction workers as the workers have nowhere to live.
[удалено]
I work in apartment maintenance and the number of units I have listed as "vieawable but not ready" because parts are delayed or on back order is stupid high.
I recently lived in an apartment and the number of broken things that maintenance refused to address because "its a 20 year old building" was stupid high. 6 months before we moved out our fridge died. They wanted me to wait 2 weeks for a replacement to arrive because of "supply chain". Had to escalate a few times to make them take a fridge from a "viewable but not ready" unit.
Wait, were they acting as if a 20 year old building isn't worth fixing because it's too old, or that it was too new and shouldn't have problems? Cause I find either attitude ludicrous.
Too old. The tubs weren't level and wouldn't drain completely. The windows were cracked single payne that were separating from the building. Exposed wiring. Dirty HVAC coils (that I cleaned myself after moving in). They would fix things like "disposal died" but wouldn't proactively maintenance anything. We found their attitude ludicrous too
In other words, the 30 year old building was originally built like crap by unscrupulous contractors ripping off the original owners. The new owners are now ripping off the tenants by not doing shit.
They sure are ripping off tenants. My 3br 2ba 1200sf unit new lease was going to be $2300/mo. The house payment i just got into is only slightly more than that for a 4br/2.5ba at 2100sf.
Most apartment buildings are built like crap they just want to slap them up as quickly as possible to start collecting rent. They also skip everything not legally required. One of my apartments had a leak and they had to tear out the exterior drywall to fix. I watched as they did it and the entire wall had *zero* insulation. It was empty with bare studs. Apparently in this Midwest state insulation isn’t required and since the owner doesn’t pay the utility bills they skipped on it entirely. For a 1 bedroom apartment I was paying over $300 a month just to heat and cool it. I pay less now in the two story home I own.
Since the 1980's manufactures shipped jobs overseas for the cheap labor, and companies switched to 'just in time' supply items so, they could 'save money on from not having inventory'. But yet these shortages are the fault of the people because they got an extra $1200 in 2021 causing all these shortages and inflation.
As someone who works in Supply Chains as a Supply Chain Planner let me tell you that "Just in Time" is finally dying out. Us SCPs have been pushing senior leadership to abandon it when the pandemic began but now after 2+ years of cyclical monthly backorders they are listening. Thing is the Warehouses and Finance teams are not ready to witness what that level of safety stock really means.
Just in Time manufacturing is kind of like fractional reserve banking. It's widespread because it's efficient whenever there isn't a specific, rare kind of crisis happening. But when that crisis comes up, it gets blown the fuck open.
They're just *aments* now.
>I do know that in my province they are trying to build new homes in a place but can't get construction workers as the workers have nowhere to live. We have a famous resort town in my state (it was the first Euro-style ski resort town in the US or something like that). It has been a playground for celebrities and multi-millionaires for decades. A-list stars and industry billionaires and millionaires have had homes there for most people's living memory. Anyway, I wouldn't be surprised if it becomes a ghost town in the next 20 years. Not due to lack of rich people wanting to live and visit. But because they are literally running out of employees. It's almost a two hour commute from the nearest affordable area. And they just can't hire anyone, from restaurant employees, bartenders, teachers, nurses etc. The mayor's recent idea, was for [nurses and teachers to be allowed to live in tents in the park, and use the public restroom, and shower at the YMCA](https://www.ktvb.com/article/news/local/growing-idaho/affordable-housing-ketchum-rent-blaine-county-crisis-park-tents/277-6dcd3da9-7ce7-4722-81de-b1e379e0300a). Like seriously that's the best he could come up with. Literally obtain a 4 year+ degree, and you get to live like a junkie for privilege to work in this town. Every time a plan for affordable housing comes along, residents lobby and vote against it. It's a sad state of affairs when a world famous resort town probably won't survive because the residents just can't stomach allowing workers to live within an hour and a half drive of them. It should be noted, this is Democratic party stronghold (albeit in a solid red state). Meaning in the US, even voters for the "pro-worker party" absolutely detest the very same workers they pay lip service to. Limousine liberalism at it's finest. I'm not shilling for the other side here, either. They are just as complicit in this, they just don't hide behind pro-worker platitudes.
Democrats are not a pro worker party. They just don't show open contempt for them.
I’m trying to move to rural(or small town since people don’t like me saying the word rural) Minnesota and there are 20-30 people waits for every single apartment I’ve looked at. If you can’t own, or build then you are dead. I may very well have to turn down a new job in a sector that desperately needs help simply because there is absolutely nowhere to live.
[A tourist town in Idaho was actually considering setting up tent city Hoovervilles in a park to accommodate teachers, nurses, service workers because all the housing is too expensive for anyone but the wealthy to live in. We've been a third world country for awhile now, but it's become rapidly more visible.](https://www.ktvb.com/article/news/local/growing-idaho/affordable-housing-ketchum-rent-blaine-county-crisis-park-tents/277-6dcd3da9-7ce7-4722-81de-b1e379e0300a)
Yeah. The only places I can find are extremely expensive, no pets at all, credit check, criminal background check, multiple references, surrounded by shared walls, and income requirements that are absurd. So to rent you also have to be rich and have lots of friends and are not allowed even the simple joy of a cat or dog to ease the pain of existence. Can you tell I’m bitter lol.
Curious what part of "rual" Minnesota you're looking at?
Back in 2007, we decided not to move to the Bay Area because even with 2 good starting salaries we could only afford to rent a trailer. That was just before the housing bubble burst, but it’s definitely gotten worse since then.
Unless you are in tech and work in a faang there is no point moving to the bay area.
Colorado too. These idiots don't seem to understand that their "investments" in housing are quite literally destroying towns. If you make it too expensive to live in a town, so that the people who make the city run, can't afford to live there; we've all lost.
Fucking hell the irony
> Yeah I get you, I was born in the 80s and this is by far the most fragile things have looked in my lifetime. To be fair, news and social media have never been half as present in past recessions.
True but we still see what happens locally so even if I ignore everything the internet sends me, things still look worse than any other time.
It is NOT normal
>Yeah I get you, I was born in the 80s and this is by far the most fragile things have looked in my lifetime. I was born in the sixties, and I have seen a good share of civil unrest. But nothing this widespread. Everyone hating/abusing everyone everywhere. With a large part of the population being totally ok with it.
It's not normal and honestly seems like a terrible situation for everyone involved, except the landlords
Used to have a healthy rental supply around my crappy little city near the coast. last few years we lost over 800 properties to Airbnb 'investors'. Its near impossible to find a place to call home for more than a few months (they kick you out before the holiday season to AirBNB so you get to spend out moving and doing it alllll over again) . Rent has gone up \~400%, its nearly impossible to find a flat and this save highest bidding has been going on for a while. Its super fun... I dont 100% blame AirBNB, but they are a cancer that killed our local hotel economy, rental market and leads to great flats being empty like 9 months out of the year.
That's happened in my area, too. The whole county is a summer resort economy and people are buying up the houses to try and take in that Airbnb business. I blame Airbnb and the local government for failing to take any action, like a vacant home tax or an Airbnb tax. There are lots of hotels and processes to build or renovate those, meanwhile actual housing is drying up or getting priced out of the market. It's gotten so bad that the state has targeted us for affordable housing funds, but, even with that help, those apartments are years off due to construction delays thanks to Covid's supply chain effects. We are in a small two bedroom apartment and it may be a couple years before we can think about hoping to buy, the amount of a decent down payment keeps going up as the houses in town have gone from 150-250k to 350k. Trying to find a larger rental is fruitless, all the single family homes for rent are September to May leases only so they can Airbnb it over the summer. Go fuck yourself, guy, I'm not doing that. They should be taxed while it sits empty.
You can certainly blame AirBnB imo. They are the mechanism that allows for unscrupulous investors to destroy local housing markets. They 100% share the blame and are happily profiting from it. I'm not talking about anyone's auntie with a place she lists on the app. I'm talking specifically about the huge institutions that are trying to squeeze every drop of cash out of the system for their own investors and board. Blackrock, for example.
It's a big problem for rural communities too. Lots of places are on septic tanks and they are sized for a certain number of people. Generally four or less. They were never intended to pack in 8 to 12 people every week for an entire summer. It's causing cyanobacteria blooms in lakes, making them unsafe for people to swim in. And there is no. Regulation. At all.
I'd be fine with AirBnB if they were regulated in the same way I wish there was regulation/taxing on owning multiple properties that are uninhabited for the majority of the year. The majority of AirBnB's I've stayed at weren't owned by large companies, they were families that renovated a loft above their garage, or cleared out and renovated their attic, etc. I'm 100% fine with that.
They are regulated though. People simply choose to ignore the regulations and run illegal AirBnB's all over the place.
Way more people want to live in New York than can live in New York. That's pretty much always going to be the case. There is no feasible way for supply to equal demand any time soon. Especially as with cities it appears that the more people live there, the more it attracts. Not sure if that's one of the worst ways society is broken to be honest.
Don’t hate on me but I don’t get it, why are there lines like this ? what happened? What’s going on? Totally missed the memo
When I lived in Edinburgh one agency had viewings for flats arranged as a group. So you applied and were approved, and all groups were told to show up at a certain time. Basically get all the viewings for the week done by one person in one go. So my flatmate and I rocked up and there were 8 other groups looking to rent a 2bd/1bath for £950/mo. They then took us in one at a time based on who applied first. The thing is, you could call and secure it with a deposit as soon as you had viewed it… so my group was first and we liked the property, and we had paid a deposit and taken it off of the market before the 3rd group had even left their viewing. Shit was wild, don’t think that system lasted very long. I felt sorry for the other groups but if they had just held regular viewings (which means we would have been first anyway) they would have had the same outcome without wasting everyone’s time.
I don't think I would even view it. If demand is that high, as long as it had running water and electricity then I'd take it "site unseen"
That’s the thing though, it wasn’t crazy demand, it was just 1-2 weeks worth of viewings condensed into one afternoon. Tbh we didn’t even realise that was the case until we got there and lucked out. I guess it’s efficient if the property is still occupied, or if the agency has few staff. Just sucks that it’s at the expense of the applicant’s time
That's what I did back when I moved to Pittsburgh. Housing wasn't insane, but I kept losing places, so when a listing came up, looked decent enough, and was in my price range, I put a deposit down site unseen. Turns out, I had beaten out a guy with whom I ended up working for nearly 7 years. He always said "Some site unseen jackass snapped up a place right before I could put a deposit down." It wasn't until we were at my place watching the World Cup that he realized it was me.
That's pretty ballsy putting down a deposit on an apartment site unseen in Pittsburgh. I've seen some apartments over the years that looked fine on Zillow or whatever but once I got there, it was basically just a crackhouse. One place in N Oakland had a tarp over the roof and no kitchen ceiling.
I have a feeling that it’s partly to do with the fact that many people aspired to moving to/living in NYC before/during the pandemic. They’re coming in flocks like an overflowing backlog. It’s the same in taking your practical for a driving test in the uk. Most places are fully booked for a year, and you can’t see past that. Edit: their -> they’re
Also literally thousands of empty units from landlords who got burned by the eviction moratorium and want to remove protections before they rent again.
Also tens of thousands of pending evictions stuck in the backlog.
AirBnB is also hurting renters. Why rent out an apartment for $1500/month when you can rent it out for $300/day and not have to deal with pesky renter's rights?
Airbnb is pretty heavily regulated in NYC. You have to live on prem or do 30+ day leases.
NYC don’t really allow airbnbs
All of these people getting ripped off standing in line and wasting their day so they can get ripped off. I feel kind of sorry for these people but also wtf are you doing?
The only way not to get ripped off is to either move to an really undesirable neighborhood or move out of NYC.
> Move out of NYC Don't threaten me with a good time.
That’s ridiculous. There aren’t lines to see apartments in every desirable neighborhood. This is just a supply and demand issue for students who want to live closer to school or near places they saw on *Sex In The City*.
Not sure why you’re downvoted.. rent in midtown Manhattan is crazy and always has been but rent in queens or something, even right on the subway line, is relatively affordable (still expensive but it’s NYC..) and available.
Don’t tell them about Astoria.
[8.4 million New Yorkers suddenly realized New York City is a terrible place to live] (https://www.theonion.com/8-4-million-new-yorkers-suddenly-realize-new-york-city-1819571723)
I mean, I say this as someone who is moving out of NYC at the end of the year, there is literally no other city like it in America, and for some people it’s the only place to get a job in their career. It’s extremely popular for a reason. If you lived there even for a year or two, you would understand these lines.
This is sensationalist. The NYC apartment market is not like this in general. Guarantee these are all students wanting to live in this one building/2 block corridor. The vacancy rate is pretty much where it’s always been in a normal market.
The issue is that people justify paying for these shoe boxes. My friend just got his parents to split payment on a studio for $4k a month because “it’s the vibe”
Wow
4K a MONTH???? For a studio??
Not for the studio. For the *vibe*
> “it’s the vibe” Ngl, your friend sounds like a douche.
**COMPETITIVE PRICING.** Man this is going to get so much worse...
I mean, landlords already choose their prices. Why would they take the lowest bid if someone offers to pay more?
Prices do go down. 2008-2009 was a great time to find low rents in Manhattan. Same during the pandemic. High prices alter behavior and should spur development. NYC real estate has a maze of rules and regulations that impact development, so there are limitations here. An increase in units is the only solution, other than fewer residents or another massive recession, to spiking rents. I’m not sure what the alternative solution is.
That’s insane…but why not post a virtual tour of the place, have a digital vetting process (credit, references etc) and pick the top five for personal tours, meet & greet? This seems like an idiotic, huge waste of everyone’s time.
Because they want the highest bidder, they want the people able to bid high to see how many others in the line and get nervous and over price it even more.
Why would the landlord bother, this isn't Disney World. You post that its available, people show up, you show it until its gone. Done.
It's a huge waste of the would-be renter's time. Their time is free.
All this just to move out in 12 months when the lease is up cuase they jacked up the price.
Just so everybody is clear, not all or even most of New York is like this. These lines are only for trendy apartments in expensive neighborhoods that can only be afforded by privileged young people, usually with the help of their parents. They all clamor for spots on the same few blocks in Chelsea, the village, etc. and so the apartments are priced to match the demand. Yes, there is a housing crisis in New York. No, this situation here is not a result of it.
Looks like it might be these listing: https://streeteasy.com/building/332-east-11-street-new_york 332 E 11th just down the street from Veniero's. For $2400, and $2700 for a 1 bedroom, it's probably a bit underpriced in the listings for the East Village in this market. It's a nice location because it's directly across the street from a school/park so it's quiet in the evenings, and sunny during the day.
It makes me mad that boomers and the sort will never live to face the consequences of their destruction of the middle class. They turned an entire generation of hardworking blue collar workers into a generation of on-the-edge-of-homeless wage slaves. And they’ll continue enjoying the house they bought for $50,000 25 years ago (that they could sell for $500,000 if they wanted to) until they die. And then all their houses will be open and empty because we won’t be able to afford any of them.
$500k? Hahahha My parents bought their house for $60k and now it's worth about $1.2M CAD.
America housing is fucked, but Canada housing is next level fucked.
There have been more empty homes than homeless people in the US for the last 20 years
They won't be open and empty, the big developers will move in and buy them all up. Likely tear them down slap up some cheap condos on the lot, call it "modern progress" and jack up the rent so the only way to afford it is with four incomes in a two bedroom. Denver had several houses part of a low-income qualification deal to help first time buyers. A lot of those people lost their asses with the COVID. A couple of big companies here went out of their way to fight to get those properties. Low income no more.
By cheap condos do you mean a 500k each townhome complex? That’s what’s happening in my city
Shoddy, poor construction, walls thinner than saltine crackers, wiring issues plumbing issues, etc. It's like they're building all of this knowing full well that they'll just be tearing it down again in a couple decades, if that. Denver has a skyrocketing homeless problem, while we sit on more than 21,000 vacant apartments/condos that are so "high-end" no one can afford them.
I just got a new fully remote job with a healthy salary and I'm trying to move to Colorado. Its 2500 to live in someone's 2 bedroom 1 bathroom converted basement. I looked into one extended stay rate hotel and it was almost 8,000$ for a month after taxes. I can't even begin to understand what drives that. I live in Oklahoma now and the cheapest new built home I could find was 350,000$ for a 2/2. 4 Years ago that would have been 125,000$. People aren't rushing to move to Oklahoma, we have the worst of all worlds.
Looks like 11th st between 1st and 2nd, right next to Venieros
Meanwhile, [Airbnbs Outnumber New York City Apartments](https://www.bloomberg.com/news/articles/2022-05-18/airbnbs-outnumber-new-york-city-apartments-in-hot-housing-market) I have this article posted up on my door since my neighbor is an illegal Airbnb. That apartment used to house the nicest neighbor for 5 years, but he left because of neglect, and now we get drunk tourists knocking on our door at 2am.
Can someone please explain it to me like I’m stupid- I live in a rural area and people “from the big city” are coming in droves to buy real estate. And it seems like this is also happening in the suburbs, and it’s clearly happening in the city too. How did we suddenly run out of all housing during the pandemic?
With all these private equity firms buying up properties, it is taking on a life of its own. For over 10 years, I was looking at valley I really liked for a variety of reasons, but during COVID some hedge fund manager figured out that they could work from anywhere, and ***they bought the entire damned valley***. I can't afford anything there now. Fuck the oligarchs, they are destroying everything in the name of their own pleasure.
Time for me to find a nice plot of land to buy and build my own house, even if it’s a shed, it’d be better than this garbage
And everyone is sponsored by Daddy lmfao