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Sea_Consequence_7699 t1_j7vaumb wrote

$4k a month, you can just buy a home for less of a monthly debt than that, a home without rats. Manhattan, keep your high rent and your rats over there.

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101ina45 t1_j7vevwf wrote

Yeah, a home somewhere that sucks for most people interested living in NYC.

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colourcodedcandy t1_j7viv44 wrote

Well the city can't be highly coveted and the center of everything and be cheap at the same time -- it's expensive because so many people want to live there and there is little supply

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101ina45 t1_j7w1vgr wrote

I don't disagree. Why we need to work on increasing supply.

I can afford it, but it shouldn't take what I make to live here.

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ChornWork2 t1_j7w2k6u wrote

Supply is the issue. Need to streamline zoning rules and facilitate more construction.

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[deleted] t1_j7wezjk wrote

[deleted]

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[deleted] t1_j7wr1bi wrote

In what world is housing cheap in Tokyo and Seoul? Both markets are more expensive per square feet to buy than nyc. Rent is sort of cheaper there because there’s extreme stigma against renting and people own for the sake of owning. Adjust the rent prices to local salary as well in both cities and it’s still miserable.

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[deleted] t1_j7vyqb1 wrote

Let’s all move to middle of rural America!

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[deleted] t1_j7wqpt6 wrote

You can have a mortgage on a house in Queens for that price. My mortgage is like 2k lol. And yeah Queens is part of the city I can get to Manhattan in an hour.

There are coops in queens for like 200k which is only 5 years of 4k a month rents.

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101ina45 t1_j7y1ad8 wrote

You're right. With that said, not everyone is willing to stomach an hour commute to Manhattan.

Personally I would rather do that than move to Ohio or some BS, but don't think that's true for everyone.

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[deleted] t1_j7zh3ar wrote

It’s increasingly more common to have a job in the outer boroughs and live in the outer boroughs. So living in eastern queens isn’t the commute death sentence that it used to be for more and more people. Agree that the 1 hour commute would suck. But hey is it worth a 2k+ premium in rent? That’s for each to their own to decide.

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Isawthebeets t1_j7vredk wrote

Sorry beloved. Nobody here cares that you can buy a house near an Olive Garden in East Rutherfuck, Nj.

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anarchyx34 t1_j7vufgy wrote

Other boroughs exist. You can get a condo in Queens for $500k within reasonable commuting distance of Manhattan.

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sad_pizza t1_j7w2k1d wrote

The issue is commuting, which is expected to get worse as our population grows. Whatever savings you get from cheaper housing costs is replaced with transportation costs and the toll on your sanity.

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TrekkerMcTrekkerface t1_j7wibjl wrote

>$4k a month, you can just buy a home for less of a monthly debt than that

Haven't looked at houses lately have you? Post up some links to homes, without rats, within 1 hour of the city.

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[deleted] t1_j7wrfq3 wrote

Here’s a whole 2 family house in Woodhaven for sale for $4k a month mortgage which you could offset in the second unit by half. You do not need to own in Manhattan . Period.

8663 91st St, Jamaica, NY 11421

30 minutes to lower Manhattan by the J Z train. NYC is only super duper expensive in Manhattan . It’s quite doable to afford to buy in the outer boroughs.

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TrekkerMcTrekkerface t1_j7xfta3 wrote

Broken windows on front door. Ceiling collapsing in two spots in living room. Dry rotted structure beams. Water stains all over basement ceiling. The challenge was 4k and no rats. What you linked to needs 200k in reno to be no rats.

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[deleted] t1_j7xgc3t wrote

Fine here you go . Obviously a 2 family at that price isn’t perfect. But here’s a 1 family house for even less that isn’t in disrepair. I can easily fulfill your challenge by any 300k or below coop in queens or Brooklyn by the way.

89-34 91st Street, Woodhaven, NY 11421

Most New Yorkers live in the outer boroughs - Manhattan has 1/5 the population of the whole city . Yes the Manhattan population is over represented in this sub Reddit but that’s to be expected.

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