By Free Republic | Created at 2024-09-27 20:32:59 | Updated at 2024-09-30 15:25:36
2 days ago
NYC rent continues to rise: Here’s how much you need to earn to leave in each borough
NY Post ^ | 09/27/2024 | Julie Gerstein
Posted on 09/27/2024 12:57:14 PM PDT by ChicagoConservative27
Anyone who’s tried to rent an apartment in New York City knows that it’s highly competitive and highly priced, and the latest data suggests this market is showing no signs of letting up.
In August 2024, the median asking rent for apartments in four New York City boroughs — Manhattan, Queens, the Bronx, and Brooklyn — was $3,425, a $76 increase from a year ago.
The Big Apple’s median rent price is nearly double the national median of $1,753; it is one of the only major cities where rents are still rising.
“In contrast to the overall declining trend seen across the top 50 markets, the median asking rent in New York City continues to rise annually, increasing by $76, or 2.3%, compared to a year ago,” notes Realtor.com economist Jiayi Xu in her analysis. “Although New York City was one of the rental markets that saw the steepest rent declines during the [COVID-19] pandemic, its median asking rent rebounded to pre-pandemic levels by spring 2022 and has continued to rise annually since then.”
(Excerpt) Read more at nypost.com ...
TOPICS: Business/Economy; Education; Local News; Society
KEYWORDS: borough; nyc; rent; rise
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To: ChicagoConservative27
Useless info for me, I wouldn’t drop a good Texas turd in NYC or state
2 posted on 09/27/2024 12:59:19 PM PDT by BigFreakinToad (just remember the Harris algorithm runs at 3 am.)
To: ChicagoConservative27
I wouldn’t go to NYC to throw up
3 posted on 09/27/2024 12:59:20 PM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
To: ChicagoConservative27
“…to LEAVE in each borough?”
This is written by ChatGPT.
4 posted on 09/27/2024 1:01:50 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: V_TWIN
What the article left out was the average size of an apartment is probably no larger than most people’s master bedroom
5 posted on 09/27/2024 1:02:19 PM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
To: ChicagoConservative27
If you live in NYC you are an idiot and deserve to pay out the nose.
6 posted on 09/27/2024 1:04:06 PM PDT by Salvavida
To: ChicagoConservative27
I wouldn’t want to live in an anthill like NYC even if I could afford it - and that goes for the great city it once was, too.
7 posted on 09/27/2024 1:13:20 PM PDT by Jamestown1630 ("A Republic, if you can keep it.")
To: ChicagoConservative27
You know everyone has something to say bad about NY. I get it, and I know it’s true.
But here’s the thing. Everyone has something to say bad about Philadelphia, Seattle, San Francisco, New Jersey, Las Angeles, Portland...
The bad things they say are true. But these are our American cities and they are being destroyed by the liberals. How long can we let our own cities go down the drain? How long can we say bad things and say ‘move’ or ‘don’t go there’ and watch America itself die?
Of course my hope is in Trump, that he gets elected. That the liberal politicians bad policies will out themselves and people in those cities will get wise and vote in better leaders. I don’t see it happening much and with Soros buying radio stations people will hear only propaganda worries me.
8 posted on 09/27/2024 1:15:51 PM PDT by Beowulf9
To: Beowulf9
We’ll see if they ‘get wise’. A city doesn’t get like this in one or two election cycles.
Cities wind up like this because the people who live in them vote stupidly and tolerate the mess.
9 posted on 09/27/2024 1:26:41 PM PDT by Jamestown1630 ("A Republic, if you can keep it.")
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