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Hong Kong housing prices got a bit down but are still insanely priced, but as least we have public housing unlike America, also other expenses are probably cheaper than in New York
My one-bedroom apartment in southwest Missouri costs less now than I paid to sleep on a guy's living room floor in Manhattan in 1986. No lie. $400 in 2024 vs. $500 in 1986. (The average cost for a one-bedroom apartment in my town is about $850. I've got a great deal in a very old building.)
I lived for free in Hawaii ... in a cabin on three acres with fruit and flowers growing all around me because the property owner lived in California - so I was just there to bring some civility to the jungle.
This fucking disgusts me. It's now known as some "rich playground" despite it having a HUGE history of WORKING/LOW CLASS immigrants and populous, but then things happened and here we are. Our most culturally diverse and amazing and convenient city ruined by (from what I've heard) rich people doing fishy shit, landlords getting greedy, bad city management from the council itself, and everybody deciding to flea back into the city from their suburbs because it's now "trendy." Ruining the culture slowly, day by day.
@@AbimaelLopez-hz3qq New york is not a dangerous city. I live in chicago u cannot convince me even the most dangerous neighborhoods in new york are actually all that dangerous
Yes, it does. Private equity is the evil doing of Republicans in this country. Ronald Reagan got the ball rolling through massive deregulation and union-busting everywhere. Private equity firms are destroying the middle class and will send this country into the next Great Depression. If Trump is elected, this will become a reality. Vote out every Republican at the state and federal levels if you are eligible to do so. Republican billionaires are controlling everything in this country.
One other major factor that is affecting the whole of the US, Canada, & even Europe is the change in housing size demand. The demand for 4-5 Bedroom units from the Millennial/Gen Z pop is much lower while 1-2 Beds have a substantially higher demand. We dont just need to build more, but reshape the existing. Families have less people than before and many housing units were built decades ago for larger families
Who knew that not building housing to meet demand where people want to live woumd cause prices to rise. Specifically state constructed affordable housing to keep housing prices in check in meaningful quantities is the big problem due to not being built in sufficient numbers to meet demand.
The goal of capitalism is to concentrate as much wealth as possible for as few people as possible, so I'd expect that especially Americans would see this situation as something positive rather than negative?
I went to NYC in 2022 and it was a great but i was curious on rent prices and man my pockets hurt looking at those average places for absurb amounts of money. Im from the midwest and I think I will stay put 😂
It’s not only New York City it’s Los Angeles, San Francisco, San Diego, Miami, and most of Florida in that matter the state of Maine Boston practically the entire country. And it’s not just the US that has this problem when I look at all these cities and countries that have an all-time inflation with a terrible homeless situation With people sleeping on the streets, trash everywhere, piss and shit on the sidewalk and alleyways with crumbled infrastructure and disgusting living conditions and no affordable living anywhere. When you connect the dots it’s very clear that it’s not a left right issue a geographic issue or any form of government or so it’s a population issue. There are too many people on the planet and the world running out of resources. so another words we are overpopulated and there are not enough homes for everyone because if they are building more and more houses apartments, businesses and roads changing the climate and we still have a home shortage then it’s overpopulated and there aren’t enough homes for everyone and keep hearing and seeing the same topics over and over and over
Global birth rates peaked in the 1960s. The world's population is declining. And there are many affordable places to live in America. Do some research on how many vacant homes there are.
real estate companies pricing a closet in midtown for $5 billion (i was priced out of the city into Long Island since my Appalachian wallet can afford to live there)
Sounds like NYC is becoming something like Doha in Qatar. Where you have a lot of wealth concentrated in the major parts of the city. While immigrants make up the working class that handle the labor jobs.
<a href="#" class="seekto" data-time="310">5:10</a> shows that population of NewYork increase less than the number of houses. So maybe the median salary in New York is too high. The salaries need to be reduced.
You can’t afford a 3k apartment here if you make 130k a year. Whoever did the math is still getting allowance from daddy. To afford a 3k unit comfortably here (meaning you are saving, paying student loans, bills, having a basic nyc social life, traveling 1-2 times a year and not living paycheck to paycheck) you’d have make at least $180k
Not to mention owning property, which is something people from elsewhere traditionally aspire to. In NYC, it is something only possible for people that are very rich
@@OverEast34 the “general rule of thumb” hasn’t been accurate in at least a decade. And obviously everyone’s situation is different, that’s why I’m saying what’s generally comfortable. I know because I’ve been poor in nyc and now within the top 5%. If you are paying 3k alone and don’t make min 180k you are living beyond your means.
Media and young intellectuals live there, so it will always be portrayed as a huge problem. Why can't other cities be made to have the same advantages of NYC? The real reason people want to live there is that it's the only escape in America from the endless stretch of highway, parking lot, suburban subdivision, and strip mall. The only place you can walk around rather than being stuck in a car. Yes, there are areas of Boston, DC, etc., but NYC is the only real city.
You couldn't pay me to visit NYC. It has come full circle to the late 80's in being a cesspool of crime and corruption and a disgusting blight of urban decay.
hallo millionaire here! 👋 if you cant afford to live in a penthouse in Tribeca can you really afford to live at all?? ha ha (i have 10 dollars in my bank account welp)
