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doglywolf t1_itqjg70 wrote

I dont understand who is paying these rates - rents gone up nearly 30% in most places since covid . I used to think the $2400 i paid for my 2br just a few years back was too high. Now my old Apt is renting for $3500 and the place is full.

Almost 40k a year for 1200 sq apartment downtown !. Downtown has not improved or changed much in the last few years to justify any of this . Same amount of bars and restaurants same quality WORSE transit options , more expensive beers at most places .

There is no reason for this other then pure greed and HOW the hell are they filling these places at these rates . I moved downtown in 2010 to be close to some well priced bars and places to eat and be able to easily walk to everything and meet up with friends a few days a week. I originally thought my place was expensive at like $1800 /mo + $149 a month for a spot in the garage . Now it double that , i moved out obviously and pay less then that for a 3400 sq foot house now its insane .

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I understood the bit of the premium at 1800 for being close to nyc /downtown JC when Newark ave we coming back up , but nothings really changed in 10+ years now , no new venues or complexes with entertainment - the mall is dying and not making a transition to an entertainment complex like many other have even though it would be perfect for it .

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Just nothing justified or explains this or how there are so many crazy well off people willing to pay those rates.

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Ilanaspax t1_itqvphk wrote

When you have so many properties owned by corporations they can wait out vacancies and/or work together to artificially inflate the rental market. That’s why only building giant luxury rental buildings isn’t going to do shit to solve the pretend housing crisis until there is a serious policy change.

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JeromePowellAdmirer t1_ituvchh wrote

> pretend housing crisis

lmao. Ask Vancouver how a vacancy tax only approach goes. I'm all for a vacancy tax but pretending it will magically solve everything is ridiculous. Rent control won't do it either. NYC has strongest rent control in the nation... and highest rents in the nation.

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Ilanaspax t1_iu5kfob wrote

I said neither of those things in my comment but it’s flattering to see that you are so obsessed with me you’re at the point where you’re writing fanfic.

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doglywolf t1_itqvy8v wrote

Hmm i can see that . I have a buddy that live over in the Beacon and they say they are fully populated and only have 2-3 openings.

But he says he feels like his floor is empty and never sees or hears any neighbors anymore when his floor used to be a super busy hub.

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mbstor23 t1_iu1bggp wrote

Fuck off with your “pretend housing crisis.” It’s very much real and harming a lot of people.

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Ilanaspax t1_iu1got4 wrote

Oh no sounds serious. Hope they catch whoever is causing it

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