Nepobaby can’t find a 1 bedroom apartment with an $150k a year salary?

lol this dude's in for a rude awakening

Initial Budget was $1500 - $2000 with a $150k salary. Hmmm This is also another broader issue. folks who only make $60k - $80k and more limited options are competing with folks who make $150k+ for the same apartments. And generally the landlord will go with the prospect with higher income + savings in addition to credit. Kind of sucks to be competing with someone who makes double what you make

Yeah well when inflation is literally cannabalizing people’s retirement plans and food staples are up 200% you need to minimize costs wherever possible. 150k is the new 60k.

Get on welfare or move to Bali.

lol i have a bridge to sell you if you think a person making 60k is qualifying for welfare.

That’s the cruel joke. People can barely survive on that salary but welfare eligibility tiers don’t give a fuck.

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It’s the same model as affordable housing

Is rent stabilized housing not welfare?

Hahahahhahaha. If your biggest problem is having a fridge in the living room then you’re going to have a rough time, unless you want roommates or cockroaches. Or cockroach roommates?

This guy honestly doesn’t do himself a single favor in this piece. What kind of moron complains about how hard it is for them personally when they’re making $150k??? Yes - there are cataclysmic issues with NYC real estate pricing due to a small number of rich assholes, but this piece does nothing to help tell that story.

150k in NYC is not even enough to afford to buy (I realize this) and that's a HUGE problem... and barely enough to save enough if you have a family... not denying this... its just a bad article.

I got this joke.

Kristin Richardson Jordan Junior.

It literally isn’t.

Horrors! Some of the apartments he saw had a washer but no dryer! /clutches pearls/

What instances are you referring to? On twitter at least he’s somewhat pro-housing.

I mean 2k per month on 8500 post tax comes to 23 percent. Which is a pretty low percent of income to spend on rent in tis day and age..

The going rate in his district is now $3400/month.

150k a year is more like 7k a month

oh ok, just did a quick search. Still a normal percent to pay.

Source?

Lol this dude is a 24 year old former promoter born into a family worth multiple millions and is bitching about not getting a dirt cheap apartment to live by himself in after living at home his whole life?

Fuck off with that, maybe he can affect some real change given his position but I highly doubt it.

But some of them don’t have a washer and dryer. The absolute horrors this individual is facing while searching for an apartment are unimaginable.

Huh? His mom is a baker and his dad was an attorney who died when he was 17. He worked his way up as a grassroots activist

Yeah, I mean. I live in the same neighborhood as this councilman and make roughly the same amount. There are plenty of units in the ~2k range. Nothing really good, but they exist. Dog-shit compared to what you would get in other cities though.

And that's the problem. For what you pay to get your own place in an outer borough in NYC, you could get a brand new apartment with a dishwasher/washer/dryer, balcony, gym, pool, etc in LA. And LA is not a cheap city.

Oh yeah. It's funny when people say all the new apts in NY are luxury. As in they're not tiny and have modern appliances? Those are the norm for a lower middle class apt complex in most of America..

“Mr. Ossé is the son of a prominent hip-hop lawyer and podcaster, Reggie Ossé, better known as Combat Jack, who died in 2017. Mr. Ossé acknowledges his privileges.”

He’s been able to live in his parents townhome rent free before getting a job with an $150k salary at 24, and even with that salary is still complaining about mundane things like not being able to find an apartment with a washer and dryer. That’s privilege.

Tbh food costs should come back down, (even though I doubt they will) I work in wholesale produce and food costs aren’t much higher than they were a few years ago. Eggs are still high but there are always market conditions that cause huge price increases that generally subside when conditions return to normal. Problem is restaurants and chains like chipotle etc raised prices and no matter how much food costs decrease back to normal they won’t change prices back, plus wage inflation plays a big role. Cost of eating out has gotten nuts even at fast food type places but grocery store prices shouldn’t be as inflated.

Nepobaby might be a bit much, but this dude wants a baller apartment with in unit W/D in his mid 20s.

He loves housing. Just not in his district.

New "luxury" apartments are still tiny. They do have modern appliances though.

https://www.politico.com/news/magazine/2022/08/08/chi-osse-new-york-genz-politician-00048183

“Chi himself grew up in the Brooklyn neighborhoods of Park Slope and Crown Heights and went to local schools before attending the private Quaker school Friends Seminary in Manhattan starting in sixth grade, where he was on a scholarship”

“Ossé’s Brooklyn bona fides are undeniable. His grandfather was Teddy Vann, a music producer who grew up in Brooklyn’s Bensonhurst neighborhood, won a Grammy working with his longtime protege Luther Vandross, and collaborated with artists like Sam Cooke and Bob Dylan. His father Reginald Ossé, who passed away in 2017 from colon cancer, was a legendary hip-hop podcaster, journalist and attorney known as Combat Jack.”

A product of private school and privilege.

Wage inflation hasn’t really happened dawg

I'm not a fan of his, but going to Friends on a scholarship and having a grandfather from Bensonhurst doesn't scream privilege to me.

I mean my household is 150k and shits tight. Had to sign a lease in the middle of the height of rents spikes in NYC paying 2,200 a month. Tiny amount of saving for the house we also can’t afford and basically working to live.

That’s much harder for people making 80k. I’m aware. But roommates are the only answer. My room mate is my fiancé, as I wouldn’t ever be able to live alone on my 75k salary.

Does complaining about an $150k salary at 24 years old and not being able to find an apartment with a washer and dryer scream of privilege?

Yea I’m gonna have to disagree with you chief.

He went to private school on scholarship. He likely tested in to it and has to apply to earn his spot. Are we saying the children of lower income families who go to a good school are privileged now? We’re shaming people for getting a good education? Feels like you’re completely commandeering this language in a disingenuous and performative attempt to put this guy down.

As for his family legacy - musicians, especially black musicians, were pretty much broke unless they were a headliner act. Session musicians like his grandfather were middle income at best. Even headline acts in those days had record companies cheat them out of their money. I wouldn’t call that history privilege. And if it is then I guess we’re all privileged unless we came from a long line of homelessness, in which case privilege just has no meaning anymore.

Dependent on the industry, some sectors it has others not so much

Having unreasonable expectations for your rent / apartment in New York has nothing to do with being a nepobaby…

Someone who is trying to be financially responsible and save money from a job he may not have in a couple of years.

His father was an attorney and popular podcaster with a several million dollar net worth. He was able to comfortably live at home before finally DECIDING it was time to move out. That’s privilege, sorry.

Again, what actual instance are you referring to? People keep repeating this claim but not citing what projects he’s opposed.

Why do you hate this man so much? We’re going to crucify him for making $150?

He comes from a supportive family, sure, but he went to school on scholarship and doesn’t seem like he is a trust fund baby at all. Tons of people live at home with their parents after college and I’d argue there the opposite of privilege - privilege is mom and dad paying for you to have your own apartment. And he’s used that opportunity, his education and that support to be an activist working to better his community - a noble pursuit.

There are hundreds of thousands more egregious instances of nepotism and more insulting income levels, I see no point in picking on this guy.

It sounds like you’re projecting your miserable life onto other people.

Im on track to make close to $150k this year and apartment hunting has been a fucking struggle. Can’t find a “livable”studio for less than 2.8k a month.

Additionally, we shouldn’t validate shit landlords overcharging for small prison cell apartments by leasing there because we don’t want to come off as privileged

No one’s going to feel sorry for someone making $150k not being able to find the perfect apartment. Talk about being tone deaf.

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People have other financial obligations. Him making double doesn’t necessarily mean he has double. He still deserves to be competing with everyone else for that housing. Sucks but that’s what privilege is.

Lol on what authority do you think this man was a millionaire? Other than owning a home in park slope - which I gather they’ve owned for decades and bought when real estate in park slope was super cheap and the area was not its present yuppie playground - I see no signs of material wealth. He went on scholarship to school - not something that a wealthy family would have been offered and concrete evidence of his family’s income being well below what you’re representing.

He was a lawyer in the music industry - which he did for about 10 years until leaving in 2001. That’s a fine living, but not upper class. He probably was a salaried employee and not even a partner-level lawyer. He didn’t have his own firm. And big big money didn’t show up in hip hop until after he left the industry. So I don’t see his legal career as being something that would have hugely enriched him.

And the blog / podcast job almost certainly didn’t make him rich. Only very recently (last 5 years) have any podcasters started making real big money. And that’s only the biggest names. This guy ran a middling niche podcast that could never pay him any kind of big money. Same for blogging - journalism is notoriously not lucrative.

Living at home with your parents is the opposite of privilege. Privilege is having your parents pay for you to have your own apartment. Millions of Americans live at home into their 20s, usually because they can’t afford to move out. How is being too poor to move out of your parents house privilege? Or are we just saying anyone who doesn’t have two dead, destitute, homeless crack addicts parents is privileged?

So again I’ll ask where is the privilege?

When and where did I say that?

You missed the point of the entire article dummy.

The point is that making $150k is no longer considered a bench mark upperclass goal as it once was.

$100k plus is the new middle class and even with that amount of money, it’s not a middle class cake walk like it was pitched to most of us throughout the 80’s/90’s/00’s.

Of course Chi will be fine but he’s using this as a jumping off point to discuss how fucked the economy is for people under the age of 50.

Lol welcome to /r/nyc

He’s literally in the top .1% of 24 year olds. He’s going to be fine.

You didn’t. I did.

Which is why we need new housing at all price points.

You sound incredibly bitter and resentful lol

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even if he is/was privileged...thats not what a nepo baby is

It's the NYTimes, were you expecting anything closely related to being aware?

Well keep limiting new housing with bizarre requirements and this will keep happening.

You know how you make apartments affordable for those making belo $100k? Making sure the apartments they could afford aren’t being taken by those making $150k because nothing else is available.

Some people have other expenses like healthcare/childcare, but generally I feel like its a financial literacy issue because so many people in America just live as close to their means as possible no matter how much they make.

Exactly. Market rate housing is pretty much as needed, if not more needed, than solely affordable housing.

Mandatory pension contributions, union dues, we have 2 cars as we don’t live in a borough with useable public transit, plus both constantly bringing materials to and from work. Utilities and just life events constantly (weddings birthdays etc).

Like I said we have enough to save but we don’t have a lot of disposable income at all.

But I was told people who make more want to pay higher rents!

Still don’t get how this dumb argument keeps getting repeated

The point is we should stop focusing on this guy no one cares about and hone our anger at whatever is wrong with our current system that are causing rents to be some damn high

Some people have close to $1K per month I student loans. Medical costs can be rough. Life isn’t cheap in this country

I'm not sure if this guy is a goon or not, but there may need to be an audit (if there isn't already) of how many empty units there are in the city that are being held empty by corporate landlords to control inventory and rental prices. Maybe that's a bit conspiracy theory, but I still want that audit.

Not even this douchebag can find an apartment?

The 2 cars seems like a big expense in the city

I don’t live in Manhattan, the local bus would turn a 25 minute drive into well over an hour commute. There’s also NO subway . Not really much of a choice.

This city is becoming a joke. Build more fucking housing. And that includes in the nearby suburbs.

People thinking $150k is a ton of money here is kinda funny. He could have a lot of debt, taxes take a huge chunk. I’m not saying cry me a river if I make around that but it is NOT like you are set for life if you make that salary here. Trust me. (I admittedly didn’t read this yet). $150k for a family of three is middle class here yes I’ve looked.

Poor guy can’t even buy a cup of coffee with 150K.

Sorry. You’re right. CEO pay has skyrocketed.

Nothing like a sad bum hating on the internet

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No. There is no funding mechanism. Is it a “market distortion”? By limiting rent increases, surely, yes, but it’s not subsidized by the state or the city or federal government or anyone else. Also rent stabilized does not necessarily mean that the maximum legal rent is less than the market rate rent. There are many RS apartments whose rent is close to market rate (on average, they’re well below).

Yes, and that’s a bad thing. surely it should be easy for someone like that to find an apartment in a healthy housing market, wouldn’t you agree?

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Can we please start building affordable housing on artificial islands?

Buying one building and turning it into affordable housing isn't enough. We have to start thinking big. Only way to do that is expand into the Hudson river and outside of queens, Brooklyn and past long island as well. We need to start also building artificial islands out a couple miles too for future use and to stop hurricane waves.

This will also cut down on hurricane waves and flooding

There's no more space in NYC so this is what we need to do.