TheSheikYerbouti t1_j7y4xwx wrote on February 10, 2023 at 5:52 AM

Reply to comment by elecktrobunny in Median New York rent passes $4,000 a month in January by geoxol

No offense taken at all. But getting a rent stabilized place is key. Not everyone has that luxury

TarumK t1_j7zb1ux wrote on February 10, 2023 at 2:05 PM

I think you're confusing stabilized and controlled. A huge fraction of the buildings in NY are stabilized b default. If you rent a stabilized building now you're gonna pay market rate, and the rent's gonna go up 3/4 percent annually. In a couple years you'll probably be below market, but not that far below market. It's really only gonna be way below market if you've been there 20 years. But it's not hard to get at all.

elecktrobunny t1_j7y8dnt wrote on February 10, 2023 at 6:31 AM

Hrm, I sort of fell into it and not sure I'd call it a "luxury" just a native New Yorker who legit ear to the ground of friends apt buildings and what opens when.

[deleted] t1_j7yofmi wrote on February 10, 2023 at 10:06 AM

"Sort of fell into it" is called getting lucky. Not everyone has the luxury to fall into units that everyone else in the building has to subsidize.