When things were at their very worst: 2 Suns, Cross in the sky, 2 comets will collide = don`t be afraid - repent, accept Lord`s Hand of Mercy. Scientists will say it was a global illusion. Beaware - Jesus will never walk in flesh again. After WW3 - rise of the “ man of peace“ from the East = Antichrist - the most powerful, popular, charismatic and influential leader of all time. Many miracles will be attributed to him. He will imitate Jesus in every conceivable way. Don`t trust „pope“ Francis = the False Prophet - will seem to rise from the dead - will unite all Christian Churches and all Religions as one. One World Religion = the seat of the Antichrist. Benedict XVI is the last true pope - will be accused of a crime of which he is totally innocent. "Many events, including ecological upheavals, wars, the schism in My Church on Earth, the dictatorships in each of your nations - bound as one, at its very core - will all take place at the same time." 1 November 2012 The Book of Truth
"they pay $4,320 a month in rent. Molly works as a cultural strategist at a consulting agency and Nick works in real estate" LOL, sounds like those HGTV shows "i'm a basket weaver and my gf is a duck psychologist - our budget is $5 million"
It's all those amenities. Gym, Cafe, Pool, etc all get put into the rent. Plus it's a newer building with a corner view so they charge premium for all of this.
@@tadeh1 I have all the same amenities plus views of the river. Almost all of the highrise buildings in this area have all of that stuff. She just overpaid.
I live in bergen County and no way you are paying 2300 for 2 bedroom apartments for same square footage in jc. Especially high rise with amenities. Give me building name or stop with the bs.
@@brianna6906 Yawn. If they are making a combined 500k (it is Manhattan after all), then after rent & taxes you are still looking at a take home of over 300k. A dingy 2 bedroom with a similar or better commute is going to save you at most $2200 a month ($2000 a month for the apartment, $100 a month for the amenities of secure mail delivery, gym, etc). So the take home could go from 300,000 to 325,000. An 8% increase. At some point, you make enough money to choose things to enjoy.
@@adfadf9785 why is he a noob? what he said makes complete sense. Just cause you have money doesnt mean you have to buy your own place, maybe they like where they're at.
@@adfadf9785 lmao. this is how you know this account is run by a kid. Renting provides liquidity and options. It's not always smart to tie yourself up to a property.
This seems like it's for people who have to be in NYC for work, but don't actually like being in NYC, yet don't want to do the suburbs and want an urban experience more reminiscent of other newer and less densely packed US cities.
@@MattSezer it's being renovated day by day. I always see construction going on.. the neighborhood is getting packed with lots of pretty residential buildings soon.
I lived in Jersey City, worked in NYC and had a much shorter commute then most of my friends who worked in NYC. That being said, it’s pretty obvious that a large portion of her rent goes towards the cost of amenities and not the actual space they live in.
@@IronHoya 1000 sq ft is good for NYC / Jersey City. Sure, you could always insert "can live cheaper here in this part of the country" but that's not really the point is it.
youre missing a point. not everyone wants a house. She obviously wants city life. its not always "I rather spend my money on...." people can spend their money however they want.
It works cause she is splitting it with a boyfriend. Truthfully, it’s better to purchase something. Rent usually only goes up. Buying something locks in your monthly costs. You also get the gain on investment on your home this way
With a garbage view of a bunch of hideous buildings.. why you wouldn't take that $4500 and live in NYC is beyond me. Not really sure how people like this with no brain go these jobs.
@@anthonyb2990 The peace that Paulus Hook provides is priceless. $4500 in the UES, surrounded by paranoid WASPs and blaring fire trucks early morning?! Nah, I'll take my money to Jersey City... THAT SECTION OF JERSEY CITY!
@@kingoffeet4758 yeah, he pays more rent, which she mentioned, uncomfortably a couple of times, so he has more power. Plus he works for the building, so this episode was one big ad.
@@shraypuri4824 I doubt it and I hope not. $10K a month is $120K a year, which is a little over $80K after tax, assuming no contribution to retirement savings. Their rent is over $51K a year... meaning they would have less than $30K a year after rent and taxes or $2,500 per month.
When I stayed in JC and worked in Manhattan… my commute got me to work faster than the ppl that lived in Manhattan. Jersey City is a great place to live.
It is! I love how easy it is to get to NYC. And personally, I like that it’s less... New York, I guess. that being said, if this person is in the building I think she is, she could move a few blocks in my direction, have all the stuff she likes, and lay like. Half of her current rent.
Her personal finances are as follows; I don’t really care about saving money- In fact I love to spend it on high cost luxurious dinners and rent never to see it again
CNBC keeps doing these pointless videos that highlight just one aspect of a millenial's finances. They should just stick to Millenial Money so we can see the whole picture
I grew up in downtown Jersey City and lived there from 1998-2011 before it became overly gentrified. The building that I lived in was Portside and it was right on the water. It was one of first high rise apartment buildings built in the area and my parents paid $3500 for a 2bd 2ba apartment with an amazing view of Manhattan. But even then, as a kid, I knew they were just throwing money away every single month. They moved out with nothing to show for it and I made sure I wouldn’t make the same mistake. I purchased my first townhome as soon as I moved out. I know everyone values different things but I will never understand throwing away an insane amount of money on rent.
It’s a great strategy. Never let people own anything and you can collect a monthly fee from them indefinitely. It’s the same deal as car manufacturers trying to push towards leasing.
Companies are buying up properties everywhere and no one can afford a house in these cheaper cities anymore. It's a win for these companies and rich investors.
I don’t get all the hate. She didn’t tell you how much she and her boyfriend make. Something is affordable/reasonable is based on how much money you earn
For me it’s like- who do these people think they are? They could be probably be retired in a few years if they lived modestly and were to make a few good investments
That’s your decision. JayZ go out and spent $250k at a nightclub because he can afford to. He can easily invest in a property for 250k but he rather enjoy himself now. Ain’t nothing wrong with that if it’s within your means
@@Janiix89 as the original comment states she never mentioned how much she makes or her bf. People in real estate can actually make very good money so 🤷♀️ and the comment above doesn’t say she thinks she is, it was an example of making decisions with money.
‘We split bills 60-40, so I feel like I’m paying even though he makes a lot more than me’ Translation: I wish I wasn’t paying anything. He can afford to live alone, isn’t talking marriage, and refuses to let me live free since I’m already cramping his style.
I mean either way we don't really know anything about these people. Maybe one of you is right but maybe they both liked the place, he happens to earn more and proposed a ratio based on their salaries. It's not that unheard of..
I know this building. It’s the most ‘chick’ building in the area. Lots of rich college kids and millennials live there. The location is very convenient if you work in the financial district. It’s faster than from most places in Manhattan. For those who ask her to buy instead, 1-bd condos in the area go for $750k+ and 2-bd go for $1.1M+ and you pay condo fees and taxes on top of that. Unless she moves to a different neighborhood, buying is actually more expensive at least initially.
from 1943 through 1951 our two bed apt at 35 Palisade Ave (with even better views than hers) cost $20 a month including utilities. To see a view from the narrows (where the Verrazano Bridge is today) to beyond the GW Bridge, we had to cross the street and go to the east side of the DHS building. My 2 bed apt on JFK Blvd is up on the palisades and therefore my 4th floor apartment is roughly the same height as 15th to 20th floor apt in her building. The frequent bus at my door is 40 minutes to 8th Av and 42nd Street. Very large space (built 1912, renovated and modernized inside in 1997) costs 1,062 a month.
@@annek1226 We lived on Palisade between Jefferson and Waverly....near Christ Hospital, where I was born. I'm always astonished by how many people I've met who were born in Jersey City.
@@JoeHarkinsHimself You're currently paying $1,062 a month in JC? I've lived in Bergen County for many years, so I don't know if JC currently has rent control or rent stabilization? As a kid I recall the view of Hoboken and Manhattan from the top of the Franklin St. stairs....the original staircase, which was pretty rickety when I was a kid.
This is one of the main reasons things are so pricey. People spend their monopoly money with reckless abandon and no care as to how much they are making others RICH.
J.C. Is a polished turd that Manhattans rejects eat up. The "status" and lifestyle of these people's existence is a joke. Gentrification is taking place all over New Jersey as well as the rest of the country. On the bright side I get to capitalize selling real estate and properties to these idiots 😂 Keep in mind that a mortgage payment is roughly 4k a month on a 700k loan...with escrow included 😉
Please stop acting like you need to apologize for living in JC. We're closer to Manhattan than Brooklyn is and JC has a vibrant scene on it's own. $100 says this chick has never been anywhere in JC outside downtown.
Living anywhere with an outdoor pool that isnt California, Texas, Florida or Arizona, is pointless. These dopes are easily paying $500 extra a month so they can use a pool for 2-3 months out of the year...in a State where half the residents go down the shore during those months anyway.
Only that “investment-pandemic couch” is worth about six months of my rent. When the Everything-Bubble bursts, people’s souls will be crushed. Good luck to all of you!!!
I’m not going to judge them and what works for them, but I didn’t understand her paying almost half when by her own words he makes significantly more than her. That split should be reflective of their income. That would be a fair share.
Meanwhile here in "FLYOVER" country we pay less than $1200 a month in bills for a lake front 4300 Square foot 5 bedroom with 90 acres of land. We have a Olympic sized Pool in the backyard, A home Gym, and a Cafe less than 150 yards from the driveway... We are on top of a large hill that overlooks a massive lake so the view is incredible, and we still have all the modern amenities including high speed FIBER internet connections. I would not trade it for anything.
Downtown JC is amazing. There's Newport and the Grove St area which is enough for not going into Manhattan, but if one wants to go, the PATH is right there. Unlike it's ugly brother (MTA) east of the river, the PATH has very clean stations and subway cars.
You go girl! But with $4320/month you might as well pay a mortgage 💸 But the housing market is so crazy and it’s a seller’s market, so I can why renting can only be feasible.
@@tati9867 here in my place the same thing is happening, these so called 'real estate gurus' and wannabe investors keep on hording multiple units of medium to lower cost houses, leaving all the top tier houses left unsold, this left many people only with nowhere to go but renting.
These are the people who are making the rental market impossible to live for the average joe, and solidifying the idea that paying this much for an apartment is a good deal.
I completely agree. I pay about 1/3rd of that for a 1BR in lower Manhattan a few blocks from the East River, so going on walks along the waterfront is something i can do equally as much as them. Now, it’s an older building, but still…
And if she ad her boyfriend break up then what? She's depending on him to finance the bull of her lifestyle. The cost of the apartment is overpriced and they could save around $2k in a different building in the area.
I get liking the energy of cities but I don't get why people just want to live near upscale strip malls. All you can do is spend tons of money to eat/shop. Recreational stuff is way better IMO.
i think only gullible people fall for it. those with a clue realize while nyc and its ilk are fun, other cities have culture and stuff to do as well for a fraction of the price. the gullible still want that "energy" of a nyc..........and the truly wealthy profit off their foolishness
I just think no amount of justification and amenities is worth the amount in rent they’re paying per month. For what they’re paying they can still get a 2 bed 1 bath in a luxury apt with similar amenities in LIC or Astoria. No way. Then you still have that space heater and huge column in the middle of the living room ugh
In Jersey City they don’t pay NYC tax even though they may have to pay NY state tax because they work there. So the additional 3.8% for LIC may not be worthwhile.
I am not from the US. If the rent is very high them maybe he has a deal on the side and get the rent back as Cash. Lot of complex book cooking goes on in the real estate industry. The owner gets to show high rental returns for valuation purposes. I am not an expert in real estate. Never underestimate professionals in any field. It is usually us who don't understand the 3 d chess they are playing.
Jersey City is my hometown, lived there all my life until 18 years ago, when I moved out of state due to my husband's job. THIS Jersey City is definitely NOT the city I grew up in throughout the 70s-early 00's. My immediate family and a lot of friends still live there but the majority of my friends have moved away for larger outdoor spaces. I now live in the Baltimore area so I understand that city living has many advantages but still blows my mind how much downtown JC has developed so many high rises, even more than before I moved away in the early ochts. 🤯
I live in Baltimore, too! Do you think that Baltimore will go the way of Jersey City, in terms of getting to a point where it’s too expensive to live there? It’s already happening in some parts but I was just curious what you thought.
@@aic0809 I honestly don't think that prices will skyrocket in Baltimore as high as it has JC because JC has an established and extensive public transportation system by way of light rail, underground subway in/out of NYC, Amtrak and NJ Transit rail lines, extensive bus lines within the city as well as to/from the suburbs and NYC, as well as the ferry to/from NYC. There are also multiple jitney buses between all of the cities within Jersey along the Hudson River. Baltimore is so much less interconnected by public transport within the city confines as well as to the suburbs. I think there's great food and culture down here but the lackluster public transportation system keeps Baltimore from being a next-level city, especially when comparing salaries.
@@pamcamcris Wow, that’s such an excellent point re: the poor transportation infrastructure in Baltimore City. I’m hoping that that changes, whether it entails the resurrection of the Red Line, or something else entirely different. Truth be told, public transportation throughout the state of Maryland is nothing to write home about, but it’s especially abysmal in Baltimore. 😐
Some People: why all these people would pay this much to live here? Like what’s the alternative a suburb?! Doesn’t that says something lol. People would prefer to sell their limbs than to live in suburbs. There you know that there’s something the city has the suburbs don’t. Most people who live in cities value efficient public transportation, walkability, car independence, easy access to all types of amenities, better social life, etc. Most car Suburbs lack all of these, which makes them unsuitable for people looking for this.
Not to put them down. I wouldn't pay that for rent, but if you have the money and that's important to you then there's nothing wrong. Stocks and savings is more important to me. Maybe that's different to them.
That’s what I’m thinking there are plenty of wealthy nice railroad suburbs in New Jersey they could’ve moved to with that amount of rent and even so their rent is way over market value the average in the city is about 2 thousand and some change and their paying over 4K
Well if they want to purchase a condo near that area, they will have to pay about $2000 a month for the property taxes, without a mortgage or anything... so that's why in the NYC area a lot of people just choose to rent instead of owning a property lol
Where would you buy a home? You would never pay that in rent because you only making minim wage, this people make 1/4 to half mill annually they can afford it,
Ok, so where is the part where they break down the monthly spending? I would lile to see if they can still save and invest with that kind of lifestyle.
Nothing wrong with it, it's very normal, but notice the hypergamy, he makes more, and pays more. Take note gentleman, chase excellence, not women, the rest will follow.
No one lives in those apartments for 'years and years'. Lots of young people finish college or grad school, rent a place in Hoboken or JC. Have a nice time for a years and enjoy life. Eventually most get married, move to the burbs and have the same life their parents did.
i love everything about this apartment except the price. id pay max $2500, the views are amazinnggg..amenities are phenom! best of luck to them, young and making money, i love to see it.!!
@@OnixMint Exhibit A of a person who doesn't understand. Yes, it does because a person working in NYC makes 75% more than a person living in Chicago. Rent is higher in and around NYC because people make more money working there.
That's what I'm saying. I live in a city with just as much to do as jersey city and something like this would cost in the lower 1000$ range. I just don't think they care how much they're getting ripped off. That extra money could go towards investments, saving up for a home, or just plain fun. An extra 3000 is nothing to sneeze at.
@ DJ Rafa..Right!!😂 and Jersey City is dirty, grimy & ghetto AF!!! They’re only showing the nice buildings, not the overall area. What a waste!! I live in upper Bergen County, MUCH nicer area , 20 mins from the city, which I don’t see the appeal for dirty, grimy, smelly, rat infested NYC. Never liked it!!
New jersey in general is a rip off tho, it's sad how the elites charge the people there 10k a year on average in property tax, you'll never feel like you truly own your home always basically paying rent to the government for as long as you reside there even after it's paid off. I just don't understand how they get away with it. Nothing special about jersey at all, you'd think your house would come with a maid service, personal chef or masseuse lol. Nope nothing, just straight up robbin ya.
I'm a full time practicing doctor living in NYC, similar to these two. You know how much I pay for rent? $0. I live with my parents. These guys are crazy. And the scary part is that a lot of people are like this.
@@axa5005 33. I know it's not very 'cool' to be my age and living with my parents. I'm well aware. But you know what else isn't cool either? Living like these idiots in the video and having nothing saved for retirement.
@@jacobl5488 you're definitely old enough to where you should have your own place though... I lived well into my 20s with my parents to save money, but you're a 33 year old doctor... It's time to move on.
@@soilent9618 I guess I just don't see money the way others see it as a a first generation immigrant. Every dollar is precious. That and I don't want to rent.
My bf. my bf my bf my bf my bf (He makes more than me he makes more than me he makes mor than me). With all that cake and him looking like a nerd she got with him because of the cake in his pockets
@@KingDavid683 not really an entry level post, I've seen some senior HR people with this job title mostly in big companies, they are 'supposed' to instill good working culture or common practice among workers, handling office events etc, not really essential, but pays you good money, baffling i know.
Look an upscale/semi-luxury 1BR apartment in Jersey within 20 mins of Manhattan is $2,000. Now to be in a high rise, on the waterfront, corner unit with a Manhattan view, in an amenity building (gym, doorman, concierge..) and bump that to 2BR. You are talking $3000 minimum, that apartment is worth $3,500ish IMHO.
People have to stop comparing NYC rents to Texas mortgages. At a certain point you are just getting upset that people want to live in the area they were born and raised. Real estate is clearly more expensive here and that filters into all aspects of life, including salaries. While $4,000/month may seem like a lot of money in your area, there is no way I could make anything close what I currently do if my same job/opportunities existed in Dallas or Kansas City. Also, given the steep down payments you need to lay out here, it often takes a lot of stability (relationships) and saving (dual incomes) to buy something unless you have considerable help. As an unmarried person in my early 30s (we all know people tend to get married later here), buying does not make sense and no one cut me a blank check. At the same time, I did my 10 years living with roommates in barebones apartments. Upgrading to a more expensive apartment while still being able to save is not a bad thing. I am glad you enjoy your homes and I look forward to that someday as well. For now I am cool with my high rent, glad I live near family and friends, and I am extremely pumped about finally having a dishwasher.
Jersey City Resident here. JC is a fantastic city! Though this couple's place is great, there is a ton of other places that cost significantly less, have similar amenities, while still accessing a-lot of transportation options such as PATH. The couple's pricing reflects a small part of the waterfront properties and not the entire city.
@@Rafi88 Yeah that's mortgage rent plus a little down payment on a car! Yes sir, I'll be finding the cheapest, safest apartment that has a place that I can eat, cook, and sleep. I prefer to have more money in my purse each paycheck instead of giving it to someone else.
It's whatever works for them and makes them happy. My little version of "Making It" is I live in a three bedroom, three bath house in the Los Angeles area: Total cost is about $436 per month. The reason why that's so low is I've paid off the mortgage and the $436 is basically the property taxes and the homeowners association fee. It pays to own if you're in it for the long term. Such a small amount does breed a lot of security. $4,320 per month is probably more than the average couple nets per month. :/
Can we all just stop with the whole it's too much, buy a home, et cetera. They earned their money so they should choose how to spend. Plus, they're young, seem very happy living there and with each other.
Thank you. Buying a home is not always the answer. Everyone thought that the pandemic would make home ownership more accessible. Lo and behold, we're in a sellers market that is likely to remain this way for a while, and they live in a part of the country that's already cost-prohibitive. I'm a first-time homeowner who bought in 2019, and I can tell you that as much as I'm glad to be a homeowner, renting has compelling perks that should not be dismissed or denigrated. And if you can afford the rent of a dream apartment, why not?
@@aic0809 Right on! Not to mention when buying a home comes with its own headaches. Roofing, plumbing, electrical, boiler, landscaping, property/county/city/school taxes, and the list keeps going.
People fail to realize relativity and basic finance.. A couple making 130k a year spending 2k on rent is the same concept as a couple making 170k spending 4k on an rent. Assuming all other expenses are alike. Also, if people understood the concept of buying vs renting, they will think differently. A house is a liability, until it is turned into an asset that generates money. Buying a house today for 500k and it being worth 650k in 10 years is still not positive after factoring tax, interest, inflation, furniture, and other misc cost. The average yearly maintenance on a house is roughly 14-16k. The only positive for buying a house is using the equity built to purchase money generating assets. However, people usually use equity to pay down unnecessary car loans, toys and college tuitions.
I just feel like being from NJ she should know she can get a whole house with a yard that's near a train station and great restaurants for what she's paying.
Im not mad at it, they worked for it and spend how they want. For comparison, I bought a condo in the midwest. 1876 sq ft with 2 gyms/pools, 2 car garage, 2 master bedroom (I live alone), 2.5 bath, full basement for $750 a month. Its a potential investment if I decide to sell and upgrade. Very tempted in a sellers market since value went up 60+ K after 4 years from purchase date.
