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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

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

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

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

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

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

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

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

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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