From Fox 5:
Renting in NYC: $1,700 gets you a living room sized apartment, study reveals
Renters from every borough in NYC agree that prices are soaring and living spaces are shrinking, but a new study sheds light on just how tough it is.
A mere $1,700 a month, which might secure a fairly spacious apartment in most cities nationwide, barely gets you an area the size of a living room in the Big Apple.
A new study by RentCafe looked at October 2023’s average rents by ZIP code in the nation’s 50 largest cities.
It found that the average national rent of $1,700 gets you an apartment of about 944 square feet… except in New York City.
How little space does $1,700 get you in New York City? Well, in Manhattan’s 10013 ZIP code, which covers TriBeCa and parts of Lower Manhattan, $1,700 gets you a measly 211 square feet. That’s roughly the size of the average American living room, measuring 12 feet wide by 18 feet long.
Of the top 50 ZIP codes offering the least square footage for $1,700, a staggering 36 are in New York City.
Even more striking, of the top 10 most expensive ZIP codes with the least space for $1,700, nine are in Manhattan, with the tenth in Long Island City in Queens, offering a “spacious” 234 square feet.
Now, if space is what you’re looking for, head to Memphis. In the city’s 38108 ZIP code, $1,700 gets you a whopping 1,996 square feet of space, the most in the nation.
Wow, this place is something else..
https://www.theroot.com/would-you-live-in-r-kellys-newly-listed-3-million-choc-1851149065
Highmark stadium this morning. Can the Bills fans shovel this out by 4:30? You can see them shoveling the upper deck on the right. About 200 of them.
https://twitter.com/BuffaloBills/status/1746884459050226104/photo/1
https://www.bbc.com/news/world-europe-67978739
Nice work if true, $330 million target destroyed.
Texas needs to keep those migrants. Take them down to Dallas and have them try out for Cowboys.
Hehe.
That stadium photo does no justice. Saw some video clips of them shoveling that top right section. There is like 2 feet of snow, drifts almost completely blocking the tunnel walkways from the mezzanine. I don’t see how they dig that out without thousands of people. With that much snow, you won’t last 2 hours of work.
Texas is getting 10k a day coming in, but the virtue signalers can’t handle a fraction of that?
https://www.dailymail.co.uk/news/article-12964731/Illinois-Gov-JB-Pritzker-Texas-Gov-Greg-Abbott.html#article-12964731
Juice: Buffalo is the “hottest” real estate market in NYS according to a recent article. Affordable real estate , jobs etc.
This concept of having to move hundreds to thousands of kilometers away just to afford housing is so crazy to me. Just me? If you didn’t grow up in Buffalo, or aren’t accepting a work promotion and transfer, then you’ve little reason to move to Buffalo. Moving coasts, cities and states is squarely an American thing.
Boomer Remover says:
January 15, 2024 at 10:30 am
This concept of having to move hundreds to thousands of kilometers away just to afford housing is so crazy to me. Just me? If you didn’t grow up in Buffalo, or aren’t accepting a work promotion and transfer, then you’ve little reason to move to Buffalo. Moving coasts, cities and states is squarely an American thing.
Just one of the steps required before America becomes it’s own version of the Byzantine empire.
Could Buffalo become the next Constantinople? America could become a type of “Europe.” Florida does kind of resemble Greece after all.
Highmark Stadium Could be the making of the worlds largest snowball fight.
https://twitter.com/EmilyGiangreco/status/1746922060251545840
Boomer: I agree. It’s amazing to me at least that young people ( I presume) are paying that kind is money in rent in NYC. With that size space, there is not enough to have a room mate
When my BIL landed a one year contract gig a data analyst. The first thing he did was sign a $4,300 a month lease in LIC (547 sq ft iirc). Project funding has dried up a year later and he is looking to relocate. That crazy rent plus the attendant moving costs. Not a lot of thinking ahead in your late 20s.
Good segment on 60 Minutes last night breaking down the current dynamics of commercial real estate in NYC.
https://www.cbsnews.com/news/real-estate-owners-saddled-with-half-empty-offices-as-hybrid-work-continues-60-minutes-transcript/
TLDR version: more pain to come for those unwilling to accept and adapt to the new normal.
Snowy stadium for sure.
https://twitter.com/news4buffalo/status/1746963002761347093
I saw that 60 Minutes piece. Can you imagine having a couch up against that drywall with that empty 30 story elevator shaft right behind that flimsy drywall? Doesn’t look very insulated either.
Maybe I’ll find my walkable urban apartment in NYC after all. It’s the year 2029, three years into WWIII, zombies are all but gone from the streets of NYC and great deals abound!
This medication shortage is a getting worse. I’m taking a road trip with my son to a Costco in Vt to pick a prescription for one of my kids. No availability in all the Costcos we called from Baltimore to Albany. Their distributors are all out.
The weather up here is beautiful at the moment. 27 sunny with no wind on Lake Champlain. That will change for the drive back with the snow forecast.
Juice,
They managed. Stadium looks packed.
With people. And snow.
Fabius Maximus says:
January 15, 2024 at 3:59 pm
This medication shortage is a getting worse. I’m taking a road trip with my son to a Costco in Vt to pick a prescription for one of my kids. No availability in all the Costcos we called from Baltimore to Albany.
The only thing that matters is that America can supply the world with weapons using my tax dollars.
It’s alive.
Donald Trump WINS the Iowa Republican caucus in just 30 MINUTES: Ex-president, 77, storms to historic victory in the deep freeze and leaves Ron DeSantis and Nikki Haley scrapping for second place
Pro palestinian march targets Sloan Kettering building. Nothing like disturbing cancer patients and their caregivers in the name of justice.
What a quote!
Naomi Lim @naomitlim
Gov. JB Pritzker, here in Des Moines, on behalf of the Biden campaign: “Tonight’s contest is simply a question of whether you like your MAGA Trump agenda wrapped in the original packaging, or with high heels or lifts in their boots.” Via
@dcexaminer
So as this cycle kicks off we have to remember that the blame for Trump winning is not with Hillary or Biden or the Dems in general. It starts and ends with the GOP and the Republican base. This is who you want. This is who want to reflect you.
Back from VT, that last hour driving in CT was fun in the snow.
Phoenix, its interesting that market forces can have the defense industry providing full supply for demand, but pharma cant keep up with Meds and Formula.