Renters making headway? Nah.

From Real Estate Weekly:

Study: NYC renter income growing faster than rental rates

While the rent may too damn high, it seems renters in New York City have grown more resilient.

According to the US Census Bureau’s latest American Community Survey, the household income of New York City renters outpaced median gross rent between 2014 and 2015. During the period, the median renter household income grew 4.8 percent to $43,261, which is just below the record of $43,563 set in 2008. When compared to the previous survey period, the year-on-year increase in median renter income was the highest over the past decade.

Meanwhile, the growth in median gross rent in New York City was more moderate, increasing by just 3.1 percent from $1,278 to $1,317.

The jump in renter income in New York City was part of a nationwide trend. According to the study, the median household income of renters grew in 21 of the 25 most populous metropolitan areas in the country.

However, income growth was not limited to renters. The study found that the median income for both renters and buyers in New York City grew by 5.1 percent to $55,752.

In spite of the growth in income, the economics of renting in New York is more equal for some than for others.

The study, which measured income inequality through its Gini index, found that New York was one of five states that had higher income inequality than the US average. The other states that scored higher than the US rate were California, Connecticut, Florida and Louisiana. The District of Columbia also posted figures higher than the US average.

The gap between renter income and median rent may grow wider. According to Douglas Elliman’s August market report, rental rates are going down as the luxury end of the market gets weaker.

The median rent in Manhattan was at $3,399, one dollar less than the figure from the previous year. Meanwhile, the median rent in Brooklyn dropped 1.9 percent to $2,895.

In an interview with Real Estate Weekly, Jonathan Miller, the head of appraisal firm Miller Samuel, said that he expects the decline to persist over the coming months.

“The rent is sideways because, if you look under the hood, the upper end of the market showed flat prices and the low rent market showed really strong growth.ˮ

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77 Responses to Renters making headway? Nah.

  1. Mike says:

    Good Morning New Jersey

  2. Alt-right (the good one) says:

    @billmaher

    #Trump saying “I called it” about the NY/NJ bombing:
    Donald Trump is the only person besides terrorists who claims credit for terrorism.

  3. chicagofinance says:

    Frist….white male privilege

  4. MC Box says:

    Hillary isn’t hiding anything. Somebody fire this ABC news reporter, he is off the script!!

    “Hillary Clinton won’t be taking a neurocognitive test, and releasing the results to the public — telling a reporter “there’s no need for that,” even after collapsing as she was leaving a 9/11 memorial event last week in Manhattan.

    Clinton made the comment, suggesting she will not be releasing any further medical information this presidential campaign, in an interview Wednesday with Florida’s WFTS ABC Action News.

    “Some doctors have said, because of your age, as well as your opponent’s age, that you could be at higher risk for dementia or even Alzheimer’s and have suggested that you take some neurocognitive test,” ABC affiliate reporter Sarina Fazina said to Clinton. “Would you be willing to do that?”

    Asked specifically whether she’d submit to testing, Clinton said no.”

    http://nypost.com/2016/09/22/hillary-refuses-to-take-neurocognitive-test/

  5. chicagofinance says:

    Takei is great…

    Fabius Maximus says:
    September 22, 2016 at 12:28 am
    #18 Just for Chi

    http://politicalhumor.about.com/od/Donald-Trump/ss/Anti-Trump-Quotes.htm?utm_campaign=kw_entertainment_15

  6. Comrade Nom Deplume, the Deplumiest. says:

    Rory,

    I replied to your POS post in the last thread. Can’t be bothered moving it up.

    My diverticulitis is more enjoyable than reading your drivel.

  7. D-FENS says:

    Grim, can you please unmoderate my post. Thanks.

  8. joyce says:

    It’s a good thing you’re asking permission to exercise that right.

    Comrade Nom Deplume, the Deplumiest. says:
    September 22, 2016 at 7:02 am

    ” but she has come to the realization that this right may be one she wants to preserve.”

  9. joyce says:

    Jeez, but you could be bothered to post that you couldn’t be bothered. Still not seeing (or caring about) the irony there?

    Comrade Nom Deplume, the Deplumiest. says:
    September 22, 2016 at 10:03 am
    Rory,

    I replied to your POS post in the last thread. Can’t be bothered moving it up.

  10. nwnj3 says:

    Neocon progressives(Hil’s foreign policy architects) view terrorism as a necessary evil. It’s a nuisance but an accepted side effect of the pursuit of their global agenda.

    True conservatives reject that. Less interventionism and common sense immigration policies.

    Apparently that truth escapes Maher. Or perhaps it doesn’t which is why he’s making light of it.

  11. Comrade Nom Deplume, the Deplumiest. says:

    Joyce,

    “Still not seeing (or caring about) the irony there?”

    Well, I can’t help you with that.

  12. D-FENS says:

    Try “preserving” your right to carry by applying for a CCW in NJ.

  13. joyce says:

    I’m shocked, Comrade.

  14. They may let her live (Post got the name wrong, its Sarina Fazan) because she is hot. I wouldn’t be surprised if she moves up from local anchor to Fox News shortly. O’Reilly probably has a chubby already.

    “Some doctors have said, because of your age, as well as your opponent’s age, that you could be at higher risk for dementia or even Alzheimer’s and have suggested that you take some neurocognitive test,” ABC affiliate reporter Sarina Fazina said to Clinton. “Would you be willing to do that?”

  15. Sarina Fazan interviewing Clinton in Hi-Def. Clinton is good, she didn’t rattle a bit when asked about her health. Well, she did do one of those laughs, but cut it down to acceptable length.

    https://www.youtube.com/watch?v=EUA4H_HZCKA

  16. Steamturd thinking Cankles should be included in the hyper incarceration says:

    She looks a lot better (health-wise). Where’s the doctor with the syringe?

  17. She did look better than usual. Maybe her handler, was doing literally that, laying on the floor working her like a puppet.

    She looks a lot better (health-wise). Where’s the doctor with the syringe?

  18. Classic sHrillary exclaims, “‘Why aren’t I 50 points ahead?’ you might ask?” “

    Uhhh…I don’t think that is on anyone’s mind except hers, but that idea is constantly dodging blood clots and other bad ideas.

    http://www.zerohedge.com/news/2016-09-22/hillary-asks-why-arent-i-50-points-ahead-polls-trump-responds

  19. ^^^^^^ Hahahaha! Hillary Clinton exclaimed during a teleconference with the Laborers’ International Union of North America, saying, “Why aren’t I 50 points ahead?” Donald Trump was quick offer a three word reason… “because you’re terrible!”

  20. MC Box says:

    I dread the next 4 years of possibly listening to her caterwaul.

  21. MC Box says:

    Nate Silver ‏@NateSilver538

    Can you invent an alternate set of assumptions wherein Clinton is a heavy favorite? Sure. But that’s despite the polls, not because of them.

  22. D-FENS says:

    Fukin love this guy. MPC is the only sane legislator NJ’s got.

    On Monday, Republican Assemblyman Michael Patrick Carroll — one of the most conservative members of the lower house — introduced a measure that would treat marijuana like tobacco products, allowing it to be sold to those aged 19 and over in unlimited amounts.

    Read more: http://www.politico.com/states/new-jersey/story/2016/09/marijuana-could-be-sold-in-nj-convenience-stores-under-bill-put-forward-by-gop-lawmaker-105670#ixzz4L0yySwYk
    Follow us: @politico on Twitter | Politico on Facebook

  23. Essex says:

    Don’t worry the criminal justice system will never let that happen,

  24. Steamturd thinking Cankles should be included in the hyper incarceration says:

    Things are pretty quiet round here now.

  25. Fabius Maximus says:

    You can’t make this up!

    Bernie Sanders brother, is running for the parliamentary seat just vacated by David Cameron, the former UK Prime Minister.

    http://www.bbc.com/news/uk-politics-37447086

  26. Comrade Nom Deplume, the Deplumiest. says:

    Rory,

    Haven’t read the article but here’s a couple of facts that are doubtless left out.

    Gun advocates were very angry over Castiles shooting

    The deceased in Charlotte was a felon and could not legally carry

    Whites are hassled far, far more frequently over open carry.

    Like I said, haven’t read it, but I’m willing to bet that these points aren’t there.

  27. Comrade Nom Deplume, the Deplumiest. says:

    Oh yeah. Suck it, Roger. it’s a good night

  28. Fabius Maximus says:

    Eddie Ray,

    Yes, some Gun Advocates were angry over Castiles shooting and a lot of the most vocal complaints were directed at the NRA for their response.
    The point of the article is not on Scott in general, it is asking the question, If a person of color is carrying a weapon in an Open Carry state, is that sufficient grounds to suspect Illegal Activity.
    Whites may be hassled, they are not usually shot.
    I must try and find that video of the guy walking up and down outside the school with an AR15 on his back complaining about how he pays the taxes for the school.

    As for the Football, I wouldn’t gloat, the Texans stank!

  29. Comrade Nom Deplume, the Deplumiest. says:

    Rory,

    Are you saying that people of color should get a pass for openly displaying firearms? Because a lot more white people then colored folks get hassled for displaying firearms openly. Go ahead and post your video, I’ll post a video of a black guy with and they are 15 that wasn’t being hassled either.

    Moreover, go ahead and walk around with a firearm in a high crime area and see what happens when the police show up. I’m pretty sure that you’ll be under gunpoint in order to drop it too. I know you don’t have one so I’ll let you borrow one of mine. And then I will come visit you in the pokey and explain the concepts of reasonable suspicion or probable cause. Because I see little evidence that you understand their finer points.

    As for being shot versus not being shot, I’m pretty sure that the FBI statistics will waste your argument there too. I seem to recall hearing something about that

    And screw you, I’m going to gloat.

  30. Comrade Nom Deplume, the Deplumiest. says:

    Also Rory, the question you should be asking is not whether open carry laws are impliedly racist, or the reaction thereto, you should be asking whether gun control laws are racist. There is a far better argument for that.

    True and effective gun control, such as universal registration requirements, gun tracing, universal background checks for all firearms, background checks for ammo purchases, etc. would effectively disarm legal owners these poor black communities. And there are a lot of guns in these communities. And here’s a fun fact: the vast majority of them are illegal.

  31. Comrade Nom Deplume, the Deplumiest. says:

    Got interrupted. One last thought Rory, why don’t you look to see if NC, or any other state you care about, has a statute on “brandishing”. I’m pretty sure the reporter didn’t.

  32. Fabius Maximus says:

    Eddie Ray

    As usual, you are trying to drag the argument to a different place. Yes there are a lot of illegal guns in the hood. They weren’t illegal guns leaving the factory, so there is a Gun Control discussion to be had, but that’s not the point here. This is not about disarming citizens either.

    Also yes, you are correct, it’s not just about open carry, yes there is race in registration as well as Stop and Frisk. But OC as used in the article is the most visible example of the authors point. Yes I may be asked to drop it if I am in the hood. But I have more chance of making it to the holding cell than making it to the morgue. In fact I have more chance of being asked to drop it in the first place. Again, that is a side point.

    Take the discussion out of the hood and into a nice quiet suburb. Do the same standards still hold.

  33. Alt - right (the good one) says:

    @chrislhayes

    The 2nd chapter of my new book lays out how the British version of Stop & Frisk was one of the main triggers for the American Revolution.

  34. Alt - right (the good one) says:

    @ianbremmer

    3% of American adults own half the guns in the US

    For that 3%: 17 guns per person

  35. Felons aren’t allowed to carry guns. You can call it profiling, but a 40 year old black man with a gun in hand (as opposed to holstered) in broad daylight has pretty high Vegas odds of being guilty of a weapons charge at a minimum. When the same guy won’t put down/drop his gun…that pretty much pushes the odds up to 99.999%. My guess is a seasoned cop knows the general look and demeanor of a guy who has “with intent to kill” as an oft-repeated phrase on his criminal arrest record. Of course, there is the slim possibility he can just be a sober, regular guy with a carry permit reading his gun while waiting for the school bus to arrive.

    http://www.powerlineblog.com/archives/2016/09/slain-charlotte-man-had-lengthy-record.php

    If a person of color is carrying a weapon in an Open Carry state, is that sufficient grounds to suspect Illegal Activity.

  36. Alt - right (the good one) says:

    Is Keith Scott is the 732 person to be killed by cops in 2016?

  37. Joyce says:

    Surely you’re not suggesting merely open carrying in a state that allows it (with or without a permit) is enough for reasonable suspicion, let alone probable cause?

    Comrade Nom Deplume, the Deplumiest. says:
    September 23, 2016 at 7:00 am
    Rory,

    Are you saying that people of color should get a pass for openly displaying firearms? Because a lot more white people then colored folks get hassled for displaying firearms openly. Go ahead and post your video, I’ll post a video of a black guy with and they are 15 that wasn’t being hassled either.

    Moreover, go ahead and walk around with a firearm in a high crime area and see what happens when the police show up. I’m pretty sure that you’ll be under gunpoint in order to drop it too. I know you don’t have one so I’ll let you borrow one of mine. And then I will come visit you in the pokey and explain the concepts of reasonable suspicion or probable cause. Because I see little evidence that you understand their finer points.

  38. Comrade Nom Deplume, the Deplumiest. says:

    Rory,

    Do the same standards apply in my suburb as in the hood? No, they don’t. And it’s perfectly legal to find reasonable suspicion in a high crime area when someone sees a felon holding a gun in his hand.

    Moreover there are other facts that go into every situation, facts that I’m sure the author doesn’t address. There’s a world of difference between me emerging from
    My car in ChesCo with my piece in a waistband holder, and a known felon emerging from a car, gun in hand, in a high crime area.

    And when it comes to moving the debate, you’re not one to complain. It’s your modus operandi.

  39. Comrade Nom Deplume, the Deplumiest. says:

    Twitiot,

    I’m hoping you’re number 733

  40. Comrade Nom Deplume, the Deplumiest. says:

    Rory

    And as for your assertion that they weren’t illegal when they left the factory, that isn’t necessarily so. There are plenty of guns smuggled into the United States. Surprised? I’m not, there is a ready Mark for illegal weapons and the illegally manufactured in smuggled weapons are made far cheaper than US manufacturers or importers can do.

    You can buy a 1911 knock off for under 100 bucks in the streets of Chicago and it wasn’t stolen; it was smuggles from the Philippines. The reason that market exists is because US manufacturers and porters who are doing so legally, can’t make that price, their costs are too high

  41. grim says:

    Blah red eye

  42. Joyce says:

    http://www.ca4.uscourts.gov/Opinions/Published/115084.P.pdf

    US court of appeals regarding open carry and police stops in NC

  43. MC Box says:

    The best ca*s*in*o oustide of Macau just got better for China’s 90 million day traders.

    A new Trillion-Dollar market in bond defaults via credit-linked notes is born.

    http://www.marketwatch.com/story/china-gives-green-light-to-credit-default-swaps-2016-09-23

  44. That appeals opinion was an interesting read. I assume even though Black’s sentence was vacated, he doesn’t get his gun back?

  45. Fabius Maximus says:

    Eddie Ray

    “Brandishing”, again deflection. And the illegal guns on the street is really down to cheap Chinese knock offs? Funny, but irrelevant.

    Let’s see if we can use your own analogy to explain this point. When you get out of your car in ChesCo with your belt holster, you are held to a far lower standard than a person of color getting out of the same model car, wearing the same clothes and wearing the same holster.

  46. Comrade Nom Deplume, the Deplumiest. says:

    Geez I need to update my software

  47. Comrade Nom Deplume, the Deplumiest. says:

    Rory,

    Now who’s deflecting? You’ve just introduced a new fact pattern.

    Tell you what. Find a jurisdiction that wants to implement your laws, rights, and restraints on law enforcement. Move there. Report back.

    Better yet, find a US jurisdiction that wants the restraints on policing that you desire. Impose them. Report back. Better yet, live there.

  48. MC Box says:

    Get more popcorn.

    By Associated Press September 23 at 11:18 AM
    WASHINGTON — Congressman says top Clinton aide Cheryl Mills given immunity deal in FBI investigation into Clinton’s email server.

    https://www.washingtonpost.com/politics/congressman-says-top-clinton-aide-cheryl-mills-given-immunity-deal-in-fbi-investigation-into-clintons-email-server/2016/09/23/fef79406-81a0-11e6-9578-558cc125c7ba_story.html

  49. Comrade Nom Deplume, the Deplumiest. says:

    And asked for brandishing Rory, you didn’t check the law. That is evident.

    Stick to coding. You suck as a lawyer.

  50. Comrade Nom Deplume, the Deplumiest. says:

    Joyce. A good find and I have no comment on the disposition of that case. I’m sure it will factor in heavily as to whether the police had probable cause or reasonable suspicion.

  51. Fabius Maximus says:

    Expat,

    So the person of color has to be the responsible gun owner at all times. Google Red Neck gun fail and while it is highly amusing, imagine if the people in the pictures are people of color, how many times are the Swat team called.

  52. Comrade Nom Deplume, the Deplumiest. says:

    Ex-pat, I wouldn’t reply to that. He is again trying to deflect the issue.

    Moose made an interesting observation to me the other day. If someone is digging their own hole, don’t try to stop them.

  53. My preference is that no owns a gun except those that have demonstrated significant abilities in mathematics(that’s my sneaky way of keeping guns out of the hands the most dangerous people). So what if that includes 80% of Democrat voters? What’s better still is that the 20% of Democrats who would qualify to own a gun don’t want one anyway.

    Expat,

    So the person of color has to be the responsible gun owner at all times. Google Red Neck gun fail and while it is highly amusing, imagine if the people in the pictures are people of color, how many times are the Swat team called.

  54. Comrade Nom Deplorable, Member of the Resistance says:

    It seems I misquoted Moose slightly:

    “Never interfere with an adversary that is in the process of destroying itself.”

    Were I arguing a case against Rory, and he presented the arguments he has, I wouldn’t even proffer a rebuttal to his argument. I’d look at the judge and say “move to dismiss, your honor.”

    Of course, I don’t fault Rory for his lack of legal or rhetorical skills in that regard. The very same thing happened numerous times in Baltimore when an ambitious, agenda-driven DA tried to substitute policy and perception for fact and law, and got her ass handed to her. By a black judge, no less.

  55. Fabius Maximus says:

    Eddie Ray

    It’s not about what laws are on the books, it’s about equal and fair application of the laws. How hard a concept is that for you to grasp.
    I leave this argument with this. Law 101 Why does Justitia wear a mask?

  56. Joyce says:

    Why no comment? Do you agree or disagre generally speaking? I don’t think this will apply to the recent case since the police are alleging the guy had his gun in hand which is clearly different than holstered (if they are to believed of course).

    Comrade Nom Deplume, the Deplumiest. says:
    September 23, 2016 at 11:38 am
    Joyce. A good find and I have no comment on the disposition of that case. I’m sure it will factor in heavily as to whether the police had probable cause.

  57. Comrade Nom Deplorable, Member of the Resistance says:

    Rory,

    “It’s not about what laws are on the books, it’s about equal and fair application of the laws. How hard a concept is that for you to grasp.”

    The law is applied to facts. All relevant facts matter to the disposition of any legal argument. You’ve largely ignored them.

    “I leave this argument with this. Law 101 Why does Justitia wear a mask?”

    So she doesn’t have to look at your pitiful visage?

  58. Comrade Nom Deplorable, Member of the Resistance says:

    Joyce,

    I agreed with the decision. Okay?

  59. Comrade Nom Deplorable, Member of the Resistance says:

    I’m just back from the docs. Nothing major (few more tests to run but hopefully nothing unmanageable) but apparently trying to educate a few folks around here, or perhaps the concussions of repeated facepalms over the rantings of a few of you (you know who you are), is not the best thing for me. So I will be chiming in a lot less.

    I leave my Whack-a-Turd hammer, used for insulting the twitiot and footrest at every turn, in the capable hands of my fellow travelers, Clot, Expat, and Moose.

    And for those of you who don’t want to see America turned into the EU with worse food, hold your nose with both hands and use your toe to vote Trump. At a minimum, you help forestall the Great Proletarian Cultural Revolution 2.0.

  60. nwnj3 says:

    Until these communities reduce the levels of violence and start to demonstrate a greater level of respect for life then I don’t see a the majority of public sentiment turning for them. It’s human nature for the police to protect themselves vigorously when in these confrontations if they know in the back of their mind that the other person isn’t likely to hesitate.

    It’s a complete joke that you don’t hear a peep about the ongoing killing fields that are most of our large Democrat run cities, and when a felon carrying a handgun gets shot up it triggers an outcry. We’ve seen that act before.

    Liberals can blame themselves for that shooting down in OK. Women have no business being patrolmen and front line soldiers for that matter. They’re going to get to trigger happy at the first sign of resistance and can’t handle their business without resorting to lethality.

  61. Joyce says:

    I’m surprised. Really surprised, not being sarcastic this time.

    Comrade Nom Deplorable, Member of the Resistance says:
    September 23, 2016 at 12:37 pm
    Joyce,

    I agreed with the decision. Okay?

  62. Joyce says:

    Change your handle to Pumpkin. You’ve both made his comments numerous times.

    Comrade Nom Deplorable, Member of the Resistance says:
    September 23, 2016 at 12:43 pm

    So, I will be chiming in a lot less.

  63. Alt-right (the good one) says:

    @jonfavs

    I am never proven more wrong in politics than when
    I predict Republican politicians will stand up for any kind of principle
    besides winning.

    @politico
    #BREAKING: Ted Cruz expected to throw support to @realDonaldTrump

  64. Alt-right (the good one) says:

    @gothamist

    Pusillanimous Hypocrite
    Ted Cruz
    Endorses Unhinged Sociopath
    Donald Trump

  65. Comrade Nom Deplume, the Deplumiest. says:

    Joyce, I thought of you when I read this.

    http://www.wbur.org/news/2016/09/20/mass-high-court-black-men-may-have-legitimate-reason-to-flee-police

    BTW, if you ever move to Boston, I highly recommend you consider living in Roxbury. Close to downtown, good transit access, and cheap housing.

  66. Joyce says:

    Comrade, perhaps you should remember when I criticized the New York case that curtailed stop n frisk. I think the practice is abhorrent but the decision cited a disproportionate effect on minorities rather than the fact that police were fabricating RAS.

  67. Mc Box says:

    WTF nothing in our press about this, had to read about it from the Brits, and he is still unconscious in a Newark Hospital? WTF…

    https://www.theguardian.com/us-news/2016/sep/23/ahmad-khan-rahami-pakistan-taliban-new-york-bombing-terrorism

  68. Essex says:

    The Brits cover the USA much better than we do….

    and then there is Pippa…..Oh Pippa…..

Comments are closed.