Submitted by swimteam69 t3_ybxev9 in Newark
Frank_Esc t1_itj75h7 wrote
“New York prices”?? Not even close!! You go to New York and look for an apt.. and let us know how it goes! I’m from NY moved here not so long ago, you have no idea about NY rent prices! Rent went up here but it’s nothing compared to NY(bk,qns, bx, etcc).
swimteam69 OP t1_itj87um wrote
I mean people see the average rent of manhattan and get spooked. I said NYC and also I gassed it but my main argument was that Newark is too expensive for what it is worth. Newark is the one of the most expensive rent considering an average person's income.
In NYC, you have higher wages.
My argument was not cogent, my fault.
I saw a post that newark was the top 5 most expensive city in America considering the population's income.
For you, you move from more expensive to cheaper and I assume that (idk anything about you) you kept your NY income level or something comparable bc why would you move otherwise.
For you and I, newark is a good deal but for the population newark is becoming expensive.
This trend is not sustainable, something has to give. Either displacement of people, increased poverty or increased economic opportunities to name a few.
Aggravating_Rise_179 t1_itm299t wrote
The issue here is that Newark's rent is reflective of the region's wealth not the residents. Developers aren't trying to attract Newarkers, but people from the region. Its a complicated situation, but its one that people kinda forget... Newark doesn't exist in a vacuum and by allowing market rate housing, you are opening it up to the NY/NJ market and not the Newark only market anymore.
That is why rent is seen as high for Newarkers, but it is still a bargain for the region
Satanic_Doge t1_itkq5d1 wrote
> Either displacement of people, increased poverty or increased economic opportunities to name a few.
And sadly, in all likeliness, it's going to be the first two.
NewNewark t1_itjugdu wrote
> You go to New York and look for an apt.. and let us know how it goes!
There are tons of parts of NYC that have Newark rates. I know someone in a studio paying $1450 in Brooklyn. My ex lived in an apartment that was 3 bedrooms for $2900 in Manhattan.
GeorgosDalaras t1_itlqn6b wrote
Sorry, but I’m not buying what your selling. A 3bed for $2900…
NewNewark t1_itm6hxo wrote
Did you know Manhattan includes Harlem, Washington Heights etc?
Batumi19 t1_itm0vpi wrote
Washington Heights or somewhere else in Northern Manhattan most likely. Manhattan goes up a LONG way...
NewNewark t1_itm6geg wrote
Yup. People seem to think Manhattan ends at 96th for some reason.
swimteam69 OP t1_itn4rre wrote
Yeah the average sticker price takes into the crazy outliers prices in NYC. You can find cheaper apartments uptown or downtown manhattan.
AsSubtleAsABrick t1_itusfq3 wrote
It doesn't, but the commute to midtown and definitely downtown faster from the ironbound than from above 125th st. Depends where you are going though obv.
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