| re: And did you take out a 2nd mortgage? | |
| Posted by: | Thom915 (Thom915@aol.com) 02:23 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - ryhog 10:21 am EST 11/22/14 |
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| WHAT? Find any statistical based article that finds the cost of consumer prices in NY comparable to any but a handful of urban centers in this country! You are confusing the cost of visiting a city with the cost of living in a city. Visiting is going to be higher but the cost of rent especially in New York (and as stated a few other urban areas) is a good percentage points higher than most of the United States. Just compare a one bedroom (and never mind about the square footage) in most cities to anywhere in NYC. Food is a bit more equal but usually more inexpensive out of town The same with clothing and other good(normal price often equivalent to a good sale price in NY) We have a slight advantage in transportation if one uses public transportation (as one does in Manhattan) but if one uses a car (as is often the case in the other boroughs, that advantage evaporates.) And we may not pay full price on theater tickets but what we do pay is often the equivalent of a full price ticket for a professional show out of town. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | Singapore/Fling 08:50 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - Thom915 02:23 pm EST 11/22/14 |
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| And I so hate to agree with Ryhog... At this point of time, most Americans live in urban areas. Cost of living in at least a good third of those cities are largely comparable. My hometown has seen prices go through the roof in the past ten years - when I go back, I no longer have sticker shock. If anything, nowadays I think, "$8 for a sandwich... that's New York prices". And the same is true the world over - prices for an affluent lifestyle in Bangkok or Beijing equal those of New York. You have to be in lower tier cities before you see prices dropping considerably. Likewise, if you know where to look, you can still find a good meal near Times Square for under $10. As for all of us who live in boroughs, I can promise you that most of us either lack a vcar as well, or have a car for minimal use. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | AlanScott 05:01 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - Thom915 02:23 pm EST 11/22/14 |
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| I'm linking what I replied below to josiahjosiah. ryhog and I seem to view this somewhat similarly. | |
| Link | Comparisons are not always equal |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | ryhog 02:38 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - Thom915 02:23 pm EST 11/22/14 |
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| What I observe does not agree with what you are saying. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | enoch10 03:02 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - ryhog 02:38 pm EST 11/22/14 |
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| where are you seeing housing/rent prices comparable to new york anywhere but in major urban centers? | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | ryhog 03:10 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - enoch10 03:02 pm EST 11/22/14 |
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| when i look at what i spend and what most people i know spend. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | enoch10 03:14 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - ryhog 03:10 pm EST 11/22/14 |
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| mmmnnn ... i think that data is a bit too informal unless everyone you know is in a rent stabilized apartment. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | Singapore/Fling 09:12 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - enoch10 03:14 pm EST 11/22/14 |
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| Conversely, are you only considering people in market-rate condos? That is still not the life of the average New Yorker. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | Thom915 (Thom915@aol.com) 01:25 am EST 11/23/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - Singapore/Fling 09:12 pm EST 11/22/14 |
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| Where does he say he is considering people only in market rate condos? And living in rent stabilized apartments is not the life of a majority of New York residents either unless you live in the Bronx. One says you can still get a good meal under $ 10 in Times square if you know where to go. Do you think people in other cities don't know where to get a good meal in their town possibly for under $ 8? I take the average rent for a one bedroom apartment in New york to be somewhere in the neighborhood of $1,000. That takes into consideration all the rent stabilized apartments as well as market rate and one can still find in a good many cities a good one bedroom for between $650 and $ 800 a month, a substantial difference. Statistics are useful for one purpose. We cannot take one lifestyle and apply it across the board and say this then is the way it is for everyone. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | ryhog 09:29 am EST 11/23/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - Thom915 01:25 am EST 11/23/14 |
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| Thom, I'll accept your average rental price estimates (though not your characterization of rent stabilized apts). Now please add in the additional cost of a car, insurance, gas, maintenance, etc. instead of a monthly metro card. Re food cost, the more germane comparison would be straight up food costs, not a restaurant, even a cheap one. it is quite possible to obtain most food in new york for less than elsewhere, with a modest effort. It is true, of course, that most of us don't sweat the bucks quite as hard as this, because we also make more than folks so elsewhere. But that is not to suggest that it can't be a struggle to be a young person moving to New York especially as a theatre person. That's why we hear stories about survival jobs, and about the arc that follows that story through modest successes professionally as well as the success of finally getting that apartment at Manhattan Plaza. Certainly there are compromises, and certainly everyone is not willing to (or even interested to) make them. But the typical experience cost-wise of someone who has been living here for 25+ years of adulthood is not significantly different than anywhere else. And that's all I set out to say, and that others have agreed with. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | ryhog 10:22 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - Singapore/Fling 09:12 pm EST 11/22/14 |
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| I LIKE agreeing with you :-) It is worth remembering, for those who do not live here and who get most of their info from statistical reports, that there are well over a million regulated apartments in this city. That's not to say there should not be more, but it is more than the total number of dwellings in most of the big cities in this country. There are also more dwellings in this city that cost over $20 million than there are dwellings of any kind in a lot of cities. Statistics are funny things. | |
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| re: And did you take out a 2nd mortgage? | |
| Posted by: | ryhog 03:22 pm EST 11/22/14 |
| In reply to: | re: And did you take out a 2nd mortgage? - enoch10 03:14 pm EST 11/22/14 |
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| i would say most are, or they are in some other non-standard living arrangement like a share. But I think that is a reality that these stats don't contemplate. | |
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