New Yorker’s Can’t Afford New York… 

It’s so dystopian to hear a landlord be called special because they are only charging 3,000 dollars a month for a tiny apartment.

Ive been saying it over and over, for at least a decade. Property prices (buying/renting) is the biggest scam of our times. It ALL boils down to greed. And greed shall be the ultimate downfall of mankind

And sadly these prices will NEVER go down regardless how little or much you make. And anyone paying these prices for an APARTMENT is literally throwing their money away and are crazy. Good luck to you all out there

I live in the countryside in England, in a 3 bedroom house which is a good size. I will never complain about my £750 a month mortgage ever again! 😀

The construction crew can’t afford living in the homes/apartments they’re building, that’s awful 😣

A Native New Yorker putting his bias and love for his city aside to have journalistic integrity. Too many people want to act like nothing is wrong... Great job Cash, love the videos.

I always thought you did a great job with the apartment hunting videos, providing all the "extra" information like what transportation, grocery stores and restaurants are nearby. However, I think your NYC commentary is stellar. You provide thoughtful insight in an unbiased manner that encourages the viewer to think about these now everyday issues that are facing the country everywhere. I live in Chicago and we face many of the same issues and I hope you continue to do your "social issues" videos. Excellent work!

I “feel” at some point, and based off of what Cash’s videos have been like lately, he might be slowly talking himself into moving out of NYC. And honestly, that’s probably the best thing for him and his family.

i don’t understand why anyone want to live in new york! this is insane.

That is not the original apartment, it was cut up. Landlords started doing that in the early 2000's. As an ex-New Yorker, born and bred I hate what they have done to the apartments and my hometown. I grew up in a very large pre-war 2 bedroom apartment that was big enough for my mom, dad and their 3 children. That apartment looks like a cut up one bedroom. At this rate the city will not sustain itself, people leaving, and lower tax-base is going to destroy the city.

Thanks Cash! ❤ You are engaging. Your vids are entertaining I’m never going to rent in NYC, but I watch anyway 🙂

Love your production style Cash, always so interesting….

Just sad! The working people can not afford basic necessities and are forced to decide between buying food to live or to pay rent and not end up homeless. Also that apartment is way to small for the price

Cash Jordan: "LOOK AT THIS FAUCET!!!!!" *turns on a normal water faucet*, "AND THE VIEW IS A M A Z I N G ! ! ! ! " *window looks out onto a brick wall* 😂🤣😂 It's like watching Martha Stewart fold towels. Why are we fascinated?

Love your informative videos, keep them coming!❤❤Take care.👍

It always blows my mind why people who are not making over 100k still want to live in NYC and similar cities. I have a 2200 sqft, 4 bed, 2.5 bath house with 3/4 acre of wooded land in my small city and my mortgage is 1500 a month including taxes and insurance. The quality of living is so much higher living in a smaller city than jammed into a tiny shoebox in an overcrowded city. I get that a lot of people move to NYC, San Francisco, Las Angeles, London, etc. because of the name recognition of the city, but it is such a terrible financial decision for most people.

I thank God everyday for my rent-stabilized apartment. I'd definitely be homeless, especially since my husband recently passed away. These prices is why my 30 years old daughter still lives at home. She figures she'd rather live with me than a crazy roommate. Lots of her friends live with their partners to save money. Wouldn't recommend anyone move to NY unless they have a very well paying job already lined up.

Your coverage of the real issues around New York Housing are Brilliant!

Great content. I am living in the UK, and it is very interesting that you are comparing across the Atlantic. However, salaries are not the same, and this should be included.

Finding something to strive for and fight for, regardless of the circumstances, is crucial. Once you set the right goal, decision-making becomes easy and enjoyable. I'm also grateful for starting investments in my early 30s, moving from an average lifestyle to earning over 34k monthly. Diversifying my portfolio with savings accounts, stocks, bonds, and high-yield dividend funds has been key. Having a financial advisor like Samuel Peter Descovich has been invaluable. Working with a professional can help prepare for financial struggles. Don't let fear hold you back from realizing your dreams!

Insane, I’m a 24-year-old who unfortunately still lives with my parents. I pay rent for my proper room just because one bedroom apartment is expensive and I need to make 3x the rent. It’s really sad seeing how I myself can’t really afford to live alone at the moment. It’s crazy that people find this normal. Born and raised in NYC shows that New Yorkers are moving out because of that.

I can't even comprehend the prices. When I last rented an apartment my rent was $450. Most places were $550-650. Of course that was 14 years ago 🤷‍♀️. I think 1000/1200 is more the norm now in my area. Lucky for me I bought a house with a fixed mortgage only $500 a month. Very grateful!

Just insane-In 2008 I was paying $590 for a 701 square ft apartment w/full size washer/dryer, second floor and a cover parking space all in a uber nice community in Plano TX...I was a receptionist and always had extra money to spend....thank God I listened to my dad and bought a hm before the prices went through the roof...

Thank Biden for leaving the door open and sending thousands of people there that can’t afford it.

You are doing an amazing job! The sociological impact of housing and city living has become a narrative rarely examined to the extent you do. I came here to check out the housing market in New York but left with so much more. Your postings are value historical portals.

I left NY and was a native of 38 years. I didn’t want to leave but the lack of promise to own property and have a comfortable living made me make this difficult decision. Maybe I’ll return in the future, I want to…, but…they make it really difficult.

When we first moved to NYC, we lived with our aunt and her two sons in a one bedroom apartment. It was tight but it was huge. A huge bedroom and a huge living room. My mom had the super put up a dry wall on the living room for my bedroom after my aunt moved out. Our next apartment, a two bedroom, was smaller than the one bedroom but very well divided so it feels bigger. When I moved out, I lived in a studio that was bigger than these apartments because it was a prewar building that had not gone through those divisions. I moved again to a one bedroom that was the one bedroom version of the studio which is bigger than any two bedrooms I've seen my friends live. The foyer is bigger than their living room. Like I don't need a lot of space and my current apartment feels big but I wouldn't want to live in a pace that small. I love NYC and thankfully myself and my family have the housing situation locked in so the cost and the annual increases are predictable but it's really unfortunate. My friends, even with their small apartments, are all rent stabilized but the ones that aren't, are at the mercy of market rate are all looking to NJ.

Love Charles!!!!

We left Nyc in 2007. Sacrifice whatever you have to to leave it will be the best thing you ever did

After I got out of the Navy I was an electrician for over 30 years. I Made good money but I left the northeast over 20 years ago because it was too expensive back then. I didn’t want to be stuck up there. I can’t imagine how difficult it is to survive up there I feel for all my family that are stuck and just can’t pick up and leave. Thanks Cash for your great reports 🍻

**Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most people tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life too🙏🙏🙏*

It's all so exciting!

I’ve just come back from NY after 4 years of not visiting, and I was BLOWN AWAY by the prices, the pests, the danger I felt on the streets, my friend got stabbed a year ago in the downtown by a crackhead. I kinda buried my dreams of moving there, I just can’t imagine living there on a medium to low budget. I say move to New York if you can afford a high-end housing in a high-end neighborhood and you don’t need to travel much around the city. Very very sad, Ive always loved New York but definitely staying in Europe 😔

Cash you should do a video on the Bronx as the final frontier of NYC. Notably, the number of high-rise apartments being built quickly in the South Bronx is insane. The Federal government has to do something about the regular people being priced out of NYC. This crisis has to have some remedy; it can't keep going on like this.

What a lovely place and a lovely lady too. Love it!

I LIKE THE QUALITY AND THE CONTENT OF YOUR VIDEOS! A FAMILY OF 4 FROM THE UK, HOW MUCH MONEY WOULD NEED TO VISIT New York FOR A WEEK ?

I went to NYC to visit a friend and was shocked to see the price of everything! His apartment, which he shared with 2 roommates, is almost $ 4000 a month . 500sq ft! I went and bought a dozen eggs for $ 6!!! Here in South Texas you can get a carton of 40 for 6.99

As someone who lived in a prewar building for over 30 years. My parents still live there I can tell you that’s a prewar building and that 2 bedroom was actually a one bedroom with separate dining area. All prewar had them and until the landlords went crazy for profits, you used to get a huge one bedroom with a dinning area at a good price. A lot of my friends thought my parents one bedroom was two because of how spacious it is. That same apartment in another floor has been turned into t two bedroom , and my godmothers apartment in our same floor was converted to a three bedroom two bathroom. Her apartment was a one bedroom apartment and was bigger than ours. She not only fit a washer, had two pantry closets and a table in what was her kitchen. She had a separate dining area. And four closets. So to take it out of rent regulation. Those asses converted it into what it is now. They made the kitchen and half the living room into bedrooms. The coat closet into a standing shower. The dinning room into the kitchen. My godmother used to pay 260 a month. The rent after she died skyrocketed to 3000. Landlords are the devil.

so great video thanks. dream to liv in NY already gone :D

Thanks

One of my family members live in New York, and I send them a care package from Michigan every month. Since she is trying to make a career there I need to help her out.

South Florida is getting to be very expensive as well. Not compared to NYC but compared to what it used to be. Thank God my wife and I were able to purchase a 2 br/2 bath condo a few years ago when things weren't so high. Thank you Cash and Charles for keeping your finger on the pulse of what's happening in the big apple. You guys are great!!

3:30 in europe, fully owning my home, my yearly expenses are 7k. Literallly 7000 before groceries (3k)

What is sad is that there’s absolutely no way the next big art or cultural movement is going to come out of New York, despite its storied history as a cultural centre. Similar things are happening all over the world. I’m from the inner city of Melbourne where rent has pushed out all the creatives who made the inner city fashionable in the first place. Yuppies flock to ‘cool’ areas and before long these once thriving, colourful neighbourhoods become homogenised, soulless and sad. They may look nice from a distance but the reality of gentrification is that it’s not only expensive, it’s so bland, and it’s destructive to the cultural fabric of the community and punitive for anybody with history in the place who gets priced out of their home. I mean don’t get me wrong, New York is obviously ridiculous, but is symptomatic of this wider trend. All that money made by the rentiers literally sucks the soul out of once great cities!

My wife and I calculated how much we had spent on rent in NYC separately in the last decade living there and it was pretty close to a million dollars. And this for shitty 1-2 bedroom places in manhattan with walkups, no amenities and mafia supers and crackheads on the sidewalk. There's a reason a lot of people (including us) bailed and bought elsewhere when covid hit, the city is an unsustainable dump and only really serves the mega wealthy. The rest, as you said, are cost burdened and simply trapped there.

The Dynamic Duo: Charles and Cash Jordan. Love it.... thanks for all that both of you do!

I was born and raised in Oakland Gardens section of Queens and lived in a 850 Sq Ft 2 bed/1 bath apartment with my parents until I graduated HS and enlisted in the Navy back in 1999. My dad would complain how expensive the rent was back then, and I can only imagine how much it is now. What was staggering was how I could get a similar sized apartment down in Florida in the early 2000s for $800/month that was 3 blocks away from Neptune Beach. I feel bad for anyone struggling up there... y'all must be stressed out to the max. Thankfully, I retired from the Navy 4 years ago and bought a decent sized house in Southeast Louisiana with an inground pool using my VA Home Loan.

that was a good intro good shit

I was TRYING to move to nyc, I finally found a job paying 70k, no way in HELL I’m giving all my money to landlords just so I can say I live alone. Staying with my parents rent free and pocketing all my money NO SHAME

This is nuts. 3k, 4k, 5k for an apartment. I’d be homeless if I lived in NYC.

Thank you for your great work my friend. Just a quick reminder : the 30% rule that we experiment in France as well in strictly ILLEGAL but still utilised by default as some sort of a benchmark to judge renters solvability... hmmmm

Here in Australia Rent is like $1800 AUD per month .. So around $1200 USD per Month in the Suburbs about 20km (10 miles) from the City Centre, you can live in a 3 x 2 House which is probably 2 times as bigger as that first NYC Apartment 😅 But your not in the City centre if you were it would be like $2200 per month approximately for a 3x2 apartment

Your channel is solidly one of the best channels about living in New York City. Thanks for bringing these issue to light.

keep these up Cash .. shame what's happened to our city

ugh I'm in the Bay Area definitely feeling the crunch. I think everyone is going to move to Middle America soon.

Of many of the features on RU-vid, this stands out as one of the most important now. I hope our politicians wake up and realize how this economic scenario is hurting our country as a priority.

I pay $1020 for a modified studio in the Shadyside neighborhood of Pittsburgh. All my utilities (except internet) are included. I can’t imagine having to pay significantly more for that. NYC housing prices are insane.

I hope you paid Miss Violet to hold up the signs. She did a great job 🎉 😂

In the uk London has priced itself out. Our transport system is expensive but extensive. The suburbs are affordable,so we travel in to London. Saying that the more people that move out to the suburbs that also begins to become a bit more expensive but nowhere near the London prices.

This is why i've stayed at the same location for over 20 years. Just north of 2k a month plus parking for a spacious 1BR in Queens, close to 2 highways and subway/railroad/bus. When i moved in, it was 1200/month. Wasn't thrilled with the broker fee for the place back then, but now, I see that cost as a net positive.

The title of this video applies to almost every major city in the world tbh

As someone who grew up in the Midwest I can't phantom how or why someone would live this way. It's no wonder so many are homeless.

When resigning my lease for a 1 bedroom apt. brevard county, fl is now $1,040. Two years ago it was $835. Internet included and only had to pay FPL outside of rent

Still a beautiful city. Well, at least for those with the means. Sitting in the sun a couple of days ago in Brant Park and eating great sushi is not exactly painful, but I can leave on the train or by car.

I lived in NYC for 26 years and 14 apartments. 1. The way to get an apartment is through word of mouth, then and now. You answer an ad, you have 50 others with better credit and perhaps more attractive faces and you're wasting your time. 2. Never be in a hurry. Don't leave where you are until you find a suitable place, even if you and your roommates are at each other's throats. 3. Be the best tenant of all time. Never complain, fix whatever you can fix by yourself, be civil to the super and the landlord. It may not help but if there are two guys looking for a place and one is polite and the other is a jerk, the polite guy will get the place. Ditto if something needs fixing. The super of the building I lived in in Manhattan for 9 years still has some of my stuff in the basement. "Come and get it whenever you want," he says. That's because I was nice to him when I lived there, I didn't treat him like "the help."

I live in South Florida. The same thing is happening here. Back in the 90's I bought a small townhouse in what I guess you would call a blue collar neighborhood. When I moved in it was very affordable. Then gentrification started happening. It was slow at first, but as baby-boomers started retiring they wanted to live in a warm, and to them, an affordable paradise. My expectation was I would pay off my mortgage and be able to live out the rest of my years here. The mortgage is paid off, but I don't think I will be able to afford it in the future. Even though I am homesteaded my taxes have doubled since I bought here. As a result of climate change my insurance has blown up. When I moved in it was around $400. Now it's close to $5000. As a result of higher insurance rates my condo maintenance fees have also exploded. Pretty soon it will not matter that I don't have a mortgage. The people who are moving in are upper middle-class, who had nice homes that they sold before moving to Florida. And, they have generous retirement funds. They are able to absorb these price increases. Between becoming unaffordable (And, for me personally a hostile political climate) I will probably have to move out of state. I just don't know where?

PopOS & Firefox - my man 🤜

Back in the early 1980's, I lived in New Jersey off and on for years. I knew several people who lived in New Jersey and commuted to New York City. It seemed like most people I met were transplants from NYC as well.

It would be interesting to see you making a video about property tax in NYC for homeowners. Thank you.

This video is excellent. Well done doing market comparisons to other large cities, talking about the 30% rule and the 40x rule, discussing home buying vs renting cost issues in NY, also showing the "hidden" fees in reasonable for sale properties, and crunching the numbers for various lifestyle scenarios. Putting all the relevant info in this video in under 12 minutes is impressive.

I live in NC, which has become more expensive as well, but am noticing more and more New Yorkers moving down here

I know someone who recently fled NYC for Raleigh NC, and has a new job, and a new townhouse where she lives with her new boyfriend. She will never live in NYC again. Maybe visit, but not live there. In today's electronic world you can live almost anywhere.

Charlessssssssss 😊 New York was already expensive, but now it's outrageous and ridiculous. You have to have like 5 jobs just to live there.

Thank you for your honesty! I love your channel because it’s always an honest view of the apartment and the location. I lived in NYC from 2008-2010 and again from 2019-2021 and I couldn’t believe the increase in prices during that range of time. United Way of NYC calls the residents in nyc that don’t qualify for services but still have difficulty meeting all their daily financial needs the hidden poor. Before COVID, that number of New Yorkers was like 1.7 million people. I can’t imagine that number has improved since COVID.

Charles is adorable. I love his energy and his personality.

I used to live in NYC in the 1980s. But now I am in NC and will stay here for quite some time as our costs are not as bad as NYC. Plus I retire next month and can live quite nicely on SSI and my investments.

Cash- That was a valuable lesson. Always love it when Charles is there to enhance the episode. It’s always a good thing to listen to experienced realtors express the reality of what living in NYC requires. Awesome episode! A+ Content is always king! Keep going!☮️👏👏👏👏

We have a 3 bedroom, 2 bath and sauna in Helsinki and it is about 2K house payment including internet, heat, parking and maintenance fee, new building near transportation and conveniences. No thanks NYC!

Same story for Seattle, Bellevue as well. My inhand salary are around 5400 and I am paying 2000$ as rent😢😢

I was born and raised in upstate NY and have never ever had the desire to visit NYC. I would not want to live there let alone pay those outrageous prices to live in a shoebox sized apartment. I would have a serious case of claustrophobia living there. Especially facing a view of a brick wall. Can’t imagine anyone who is not extremely wealthy living there. Upstate NY is still affordable. I left Houston after living there for 50 years to move back to upstate NY My cost of living has actually stayed about the same if not a little bit lower. My car insurance and home owners insurance is cheaper then in Houston my property taxes are about the same but gas is higher but not a problem since I am now retired. NY does not tax my social security and I get the enhanced star discount on my property taxes and no longer have an HOA or HOA fees. Most importantly I moved away from the insufferable heat and frequent hurricanes and flooded streets every time it rains.

😃🎵 Look who's back, back again🎶, the gruesome twosome, the Dynamic Duo, salesmen of the century...etc

holy moly, i live near Mt Fuji and Pay $600 a month, including parking and high speed internet. I have all kinds of nice stores in walking distance and a lovely small park. 5 minute drive is a beautiful mall. Its so safe we leave the door unlocked throughout the day. Just hope Fuji doesn't blow.

Charles is back =)

I'm glad that I live in one of the cheapest neighborhoods in all of NYC, but it still doesn't change the fact that the cost of living crisis is going to affect all of us living here in the city. There's a law here in the city called Local Law 97 that if implemented and enforced will increase the cost of living here in the city by replacing all gas appliances and stoves to electric against the residents' and landlord's will. Enforcing Local Law 97 will force landowners in the city to comply to "turn green", but in reality it's a cash grab from the city. NYC wants to take more money from you than you already pay now. Local Law 97 will affect residents like me who live in co-op apartments just to survive and it will especially affect poor families who live in co-op apartments struggling to meet basic needs. On November 7, two weeks from now, please vote for the people that will be against Local Law 97. Thank you.

Way to go, Cash for tackling this sensitive subject that almost everyone paying bills, mortgage can relate to. Great job!

We hear so much about the rent being so high but very little about actual proposals to fix it. Eventually, and hopefully sooner than later, people will get fed up and its not going to be pretty.

I remember. In the end of the 80s apts for 650 bucks a month in long island, so nice and clean ..now is a nightmare to get anything reasonably descent to live.🎉😢

A company I was with paid for my accommodation when I was training in NYC. The first thing I learned was that I could never afford to live there. If I ever got a job there, I'll live in New Jersey or even Philly and commute in.

I can also attest that buying is almost impossible in NYC. I tried twice to buy. Once in the early 2000s and also after the recession around 2010. You can’t find a decent space at the time for under 400,000. I wanted a two bedroom. The cheapest I found was the area my parents lived and though the apartment was definitely big with its own dinning area, it was completely unlivable. We would have to spend at least 130k just to fix it. They wanted 125K. So unfortunately at the time I couldn’t afford to do both. I ended buying just across the river where the prices after the crash was waaayyy down. I actually tried getting into the area in the 2000’s and a one bedroom at the time was around 175K. I was able to get a one bedroom in a building with all the amenities for much less than I ever thought. I was able to sell make a nice profit and buy a two bedroom just two blocks over in the center of everything with all the amenities. My maintenance is not even 2000 and that includes everything including taxes. Mind you some people think it’s a bit expensive but because I live in an area where it’s the center of everything and still get to cross over Manhattan by foot I say it’s a win.

Thanks Cash! Great video! New York is an insult. Just when you think it can't get any worse, it does! It just gets worse and worse and worse. You can pay all your money for a closet in hell and a rat race spot on the corporate hamster wheel. Remember people: it's not what you make, it's what you keep. Why live there? It's not like the weather is decent, the streets are clean and safe, or the living is easy. NY is stressful. Stress kills you. Even when I was young they made a movie "Escape from NY". These costs will trap you there. Don't go!!!

As long as there is high demand for cities like New York and Sydney the cost of living will be very high. People have been complaining about the cost of housing in Sydney since the early 2000's and the prices keep rising year after year. I know of a few people who have moved to a cheaper city so they could afford to buy a home.

I moved to NYC in 2018 after having lived in many places and I never found it that insanely expensive apart from rent obviously. Obviously eating out and bar drinks cost more but groceries aren't that much more especially without grocery taxes. Factor in that you don't need a car and you're probably not spending any more than you would in Karenville somewhere. I lived in Queens and Brooklyn between three apartments with room mates before buying, the first I paid 1350 in Astoria, second was $1100 in Clinton Hill in Brooklyn, then I paid $850 in Woodside. Never made more than $50k while I lived in NYC and I had a great time.

How do all the superheroes afford to live in NYC?!? I’m thinking they might be skimming some cash from the bank robbers they catch.

This intro was EPIC!! 💯 Keep up the great work, Cash!

Vancouver BC Canada is also charging 3,000 a month on a 1 bedroom apartment .

That was depressing to watch got claustrophobic watching it what a horrible digital prison individuals have living in such a surveilled restrictive dystopian environment

As a born and raised native New Yorker, I left 13 years ago to live in Bangkok. I now own a 3 bedroom 2 bathroom 1500 sqft apartment in a luxury high rise with all the amenities, pool, jacuzzi, sauna, gym, etc. It's right next to the train, with a giant mall, night market, thousands of shops and restaurants, all within walking distance. Bangkok really is just a bigger and better New York, and I only pay $80 a month for all fees.😂

And yet the apartment in yesterday's video rented for $23K per month. I'm glad that I emigrated from the USA back in '98!

it's soooo expensive there - and look at the state of it!

I had a conversation from a lady from Newyork she told me you don’t live you survive with those prices I can see why.