Too damn high

From Bloomberg:

Manhattan renters face sticker shock with average rent at $5,200

Manhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers.

The median rent for a Manhattan apartment in November hit $4,033, up from $3,964 in October, according to a report from Douglas Elliman and Miller Samuel. The average rent, which is often skewed by luxury sales, fell slightly for the month but is still up 19% over last year, hitting $5,249 in November.

The increases continue to defy predictions that New York’s sky high rents would fall after the summer and give renters some relief after rents hit all-time records. While rents are easing in many parts of the country, New York’s rents remain stubbornly high and the number of unrented or empty apartments remains low.

“Rents are not coming down as quickly as many would hope,” said Jonathan Miller, CEO of Miller Samuel.

The rise in New York rents also adds pressure to overall inflation, since rents are a large component of inflation indexes and New York is the nation’s largest rental market.

Manhattan rents are so high that many tenants have started to balk at the prices — either moving out of the city or finding smaller, less expensive rentals. The number of new leases signed in November plunged 39% over October, marking the biggest decline since the start of the pandemic in 2020, according to Miller.

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22 Responses to Too damn high

  1. dentss dunnigan says:


  2. grim says:

    From Wired:

    Everyone Is Sick Right Now

    IF COLD AND flu season seems to be hitting your household harder this year, you’re not alone. This is the year when common viruses that took a backseat to Covid-19 finally return.

    Positive tests for the flu in the United States stood at 25 percent in late November, according to the US Centers for Disease Control and Prevention, compared to 8 percent at the same time of year in 2019. Respiratory syncytial virus (RSV) has pushed some children’s hospitals to capacity. And Covid hospitalizations are rising again. It’s the tripledemic that epidemiologists feared—those viruses, with the help of a few other seasonal recurring ones, are working together to fuel weeks of coughing, runny noses, and fevers. So if your kids, your coworkers, and everyone you know has been feeling sick, that’s why.

    “This season is truly unprecedented,” says Katelyn Jetelina, who writes Your Local Epidemiologist, a newsletter about infectious disease spread. The high rates of flu-like illness could be an early peak, or an early warning of a monumentally bad season. “How high it will go, and how severe it will be, is unfortunately something we have to wait and see,” she says. “We’re at the mercy of time.”

  3. dentss dunnigan says:

    It a steal ……Family compound of 3 N.J. riverfront mansions for sale as $25M package deal

  4. Fast Eddie says:

    Cold and flu: I’m still getting over it but what I discovered is that I didn’t have a virus at all but something in the family of mycoplasma infection. I never even heard of it until yesterday. It usually affects kids more but I got everything that was flu-like. I went to see an allergist yesterday because I started getting some rash and hives when I woke in the morning. He explained that this is associated with a bacterial infection and not viral. Go figure. So, I’m taking prescription antihistamines until this passes. The point is, it seems like everybody is getting sick with something.

  5. Very Stable Genius says:

    “ Since emerging from the November election with a string of humiliating losses to show for his pretensions to be a midterm kingmaker, Mr. Trump has entertained a leading white supremacist and a celebrity antisemite at his South Florida mansion.

    He has suggested terminating the Constitution — the one that a president swears to preserve, protect and defend — in furtherance of his long-running lie that the 2020 election was stolen from him.

    His business was just convicted on all 17 counts in a tax-fraud case in New York City.

    And his handpicked candidate for the Senate in Georgia — Herschel Walker, the football star Mr. Trump employed in a brief stint as a pro football team owner in the 1980s — went down to defeat Tuesday night after a campaign that will be remembered as a string of scandals and self-inflicted wounds.”

  6. Hold my beer says:

    Going through yesterdays thread.

    Spent 4k on one of our cats this year. He got hypothyroidism. Initial bloodwork and getting treated with radioactive iodine was $2,700. Doing the scans to see if he was healthy enough to get nuked a lump in a lung was discovered. Took 3 months, 2 more rounds of tests for another 1k and 3 months of meds for hypothyroidism at $63 a month to determine it was scar tissue, not cancer. When he got nuked he was at the special vet for 5 days, and then had to be kept away from us and the other cat for 2 weeks in a spare room until his radiation levels dropped. Took 3 days for him to figure out how to open the door. Wound up tying a kettlebell to the doorknob so he couldn’t pull open the door.

  7. leftwing says:

    VSG, team Red needs to get their shit together.

    That they ignored their grass roots for a decade or two recently led to the rise of DJT in their party.

    If they believe going back to the sclerotic Bush/Cheney/Romney/McCain etc well is the answer they will be steamrolled.

    They need someone who connects with the grass roots, not just lip service but with policies they will actually implement. And for FFS can that person please not be Medicare eligible.

  8. true sue says:

    Hold my beer … cat has the same problem (hypothyroidism) took him for radiation treatment two years later found it never worked …now on twice a day medicine (methimazole) ..which seems to work has been 3 years from start till now total cost 4K

  9. BRT says:

    “This season is truly unprecedented,” says Katelyn Jetelina, who writes Your Local Epidemiologist

    This epidemiologist obviously doesn’t know her recent history or the phenomenon of viral interference. When Swine Flu spread, it ran viral interference and we saw very few cases of traditional flu. The following years, the flu made a massive comeback.

  10. Juice Box says:

    Joy oh joy , my wife has Covid now positive this morning she’s not been feeling all week. I think my son brought it home from school. He was sick for a couple days and he’s fine now. So much for the new bivalent booster I’m not feeling great either, not positive yet.

  11. Ex says:

    8:24 DeSantis might be your man. He’s got everything Trump wishes he had.

  12. Hold my beer says:

    True sue

    My guy was on that too. So far the radiation seems to be working. He goes for
    More blood work in a few weeks to find out. We went for the radiation thinking after 18 months it would be cheaper than the methimazole.

  13. BRT says:

    Bivalent booster is pointless. It’s a combo of the original strain (nearly useless) vs. Omicron early variant. By the time BA.5 came out, it was already published that BA.1 antibodies don’t neutralize it. Probably why they chose to study the effectiveness using a handful of mice and bypass the committees that debate this.

  14. Juice Box says:

    BRT – you have not been keeping up, it covers BA.5 and other sublineages, and has been tested on people.

  15. Juice Box says:

    BRT – not to say it prevents infection, all of these shots only seem to lessen symptoms. My wife and I both had the bivalent on Sept 30th, she now has the sore throat and low grade fever, and is tired. I have been exposed for a week and don’t feel anything but a little tired but that could be something else too. My kids were both sick over the weekend and stayed home Monday and Tuesday. Neither had this bivalent booster, both had mild symptoms, sore throat and low grade fever and tired but they are mostly fine now.

    We were at the pediatrician last Wednesday for physicals and flu shots. Doctor told me RSV, Flu A, and Covid were rampant, and they were back to wearing masks too everywhere. My kids could have cough Covid at the Docs or or in school, never will really know it should burn through everyone soon enough, as the band holiday concert is tonight, there will be plenty of aerosol in the auditorium air tonight.

  16. BRT says:

    you’re right, I haven’t been keeping up. But the study concludes their abstract

    “These data suggest the bivalent BA.4/5 vaccine is more immunogenic than the original BNT162b2 monovalent vaccine against circulating Omicron sublineages, including BQ.1.1 that is becoming prevalent globally.”

    Meaning, it’s more effective than the original. Well, that makes sense, as it is more updated. However, the original’s effectiveness against omicron clocked in around 0% last January. So that’s not saying much.

    Point being, if BA.5 evaded BA.1 natural antibodies, it mutates around these things in under 6 months, making any shot, essentially ineffective. This is why we don’t vaccinate for common cold viruses, they mutate to fast.

  17. BRT says:

    They actually can’t prevent infection anymore the way they are designed. The incubation period of the latest mutants are small enough to essentially outproduce the antibody response in the body. The body has more responses to that, but the vaccine strategy to produce antibodies has proven to be the wrong one. That partially explains why the symptoms may be milder. Antibodies can slow it down initially, but can’t stop infection at this point.

  18. The Great Pumpkin says:

    *Blackrock says get ready for a recession unlike any other: Business Insider

    did they hire Bill Ackman?

  19. Ex says:

    They go on to say that knob gobblers and pole smokers will be hit the hardest.

  20. Juice Box says:

    BRT – You are caught up. I was wrong actually.

    Last 4 weeks surveillance in NJ, says we are doomed. Omicron (BQ.1.1) is taking over.

    This recent study says the latest bivalent booster does not work on BQ.1.1..

  21. Hold my beer says:


    Are you worried?

  22. Juice Box says:

    Beer – He just knows he can get away with it here.

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