Recent comments in /f/nyc

filenotfounderror t1_jcfr9ik wrote

Thats extremely unlikely. Maybe it could theoretically rent for that it wasnt regulated, but it obviously is, so the actual rent he could collect on the unit is a fraction of that.

Its sealed up because the cost to renovate the unit is likely so much higher than the rent he could legally charge that he would never recoup the cost.

and having someone in the unit that may not even be legally habitable, or just barely habitable, to collect bread crumbs and field 20x service calls a week is not worth the hassle.

He likely bought it with an understanding that the laws likely will change at some point. But he could also be wrong and they might not change, or at least not in a time frame he can take advantage of.

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Dont_mute_me_bro t1_jcfql96 wrote

Have at it. I'm not stopping you.

I am a native New Yorker. I lived in a multi family apartment for 2 years in the late 90s; everything else has been a single family.

Between the arguing couple, the old dude who played the tv too loud, the guy who cooked stinky food, the guy who kept off hours and slammed doors and the constant potsmoker, I resolved to never repeat.

The experience actually motivated me to raise my income so I would never have to put up with other people's rudeness and bullshit at home. I do enough of that sharing the city with 8 million people.

The more people, the more chances that someone will be a douche. So you do your thing and I do mine. Isn't that the city vibe- Live and let live?

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99hoglagoons t1_jcfp49r wrote

Not-for profit housing and non-market housing is a thing that is utilized across the world to various degrees of success. This is not to be confused with subsidized social housing (like NYCHA).

We just lack the imagination here to even ask the right questions. Asshole landlords or ownership. Both of these are rooted in for-profit financial transactions. There are a lot of people financially vested in you believing these are the only options.

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ejpusa t1_jcfomj4 wrote

NYC is very, very, very simple.

If you want the amenities the city provides, you need to make more money.

You can find an apartment upstate for the price of a single dinner in NYC. There’s your option.

So can we can wrap up the conversation. Just head North, to a prison town. Apartments are many.

As my friend from one of those “other cities” is fond of saying: OMG, does every girl look like a super model in NYC? How can you survive this on a daily basis? This is INSANE!

But we did drop him off in the Meat Packing District, may have had something to do with it.

Needless to say, NYC ain’t going to be cheap. The amenities are many.

:-)

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WikiSummarizerBot t1_jcfnr70 wrote

New York City housing shortage

>For many decades, the New York metropolitan area has suffered from an increasing shortage of housing. As a result, New York City has the second-highest rents of any city in the United States. Shortage has long been usual. World War I and World War II left housing shortages that persisted in peacetime.

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