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P0stNutClarity t1_jc9br9v wrote

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

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nycdataviz t1_jc9byjb wrote

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.

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P0stNutClarity t1_jc9ca5t wrote

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

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nycdataviz t1_jc9cr46 wrote

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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DelTeaz t1_jc9k6lb wrote

Is rent stabilized housing not welfare?

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theageofnow t1_jcijs56 wrote

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).

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SMK_12 t1_jcagb93 wrote

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.

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Pool_Shark t1_jcbdksf wrote

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

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

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jaksmalala t1_jcam4wj wrote

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.

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[deleted] t1_jc9drwh wrote

[deleted]

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Delaywaves t1_jca8xxz wrote

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

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iamnyc t1_jcahagd wrote

He loves housing. Just not in his district.

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Delaywaves t1_jcak974 wrote

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

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bkornblith t1_jc9qyke wrote

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.

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_neutral_person t1_jcajxux wrote

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

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Cocororow2020 t1_jcaj6r1 wrote

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.

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[deleted] t1_jcaxufa wrote

[deleted]

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Cocororow2020 t1_jcbd2iq wrote

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.

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ketzal7 t1_jccfika wrote

The 2 cars seems like a big expense in the city

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Cocororow2020 t1_jccfzdx wrote

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.

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zgreat30 t1_jcb7qp5 wrote

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.

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Pool_Shark t1_jcbfahx wrote

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

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sanjsrik t1_jcb0gdb wrote

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

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Silvery_Silence t1_jccst0s wrote

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.

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Grass8989 t1_jc93ixe wrote

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

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joshmoviereview t1_jcaffd4 wrote

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

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Grass8989 t1_jcag86j wrote

“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.

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burnshimself t1_jcakxf9 wrote

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.

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iamnyc t1_jcah3e1 wrote

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

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burnshimself t1_jcajnm9 wrote

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

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Grass8989 t1_jcai6z9 wrote

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.

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burnshimself t1_jcajkog wrote

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.

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Grass8989 t1_jcak5pq wrote

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.

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[deleted] t1_jcayzrx wrote

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

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burnshimself t1_jcamdu1 wrote

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?

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iamnyc t1_jcailct wrote

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.

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Grass8989 t1_jcaj6tc wrote

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?

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SchaeferJ17 t1_jcalh5g wrote

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

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Grass8989 t1_jcalrl8 wrote

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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SchaeferJ17 t1_jcancws wrote

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.

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Grass8989 t1_jcaodls wrote

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

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Pool_Shark t1_jcbegqn wrote

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

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Zlec3 t1_jcasf62 wrote

You sound incredibly bitter and resentful lol

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theageofnow t1_jcijyh4 wrote

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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TarumK t1_jcabol1 wrote

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..

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planning_throwaway1 t1_jcach8v wrote

150k a year is more like 7k a month

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TarumK t1_jcacv06 wrote

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

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planning_throwaway1 t1_jcafk8y wrote

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.

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TarumK t1_jcaftbm wrote

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..

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hammelswye t1_jca7yqj wrote

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

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soflahokie t1_jcadswh wrote

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.

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Grass8989 t1_jcaensi wrote

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.

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whynovirus t1_jc9mwq1 wrote

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?

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cum-chatka t1_jcb2ygg wrote

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.

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Almric t1_jcbkfka wrote

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.

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Ok-Strain-9847 t1_jcabzrw wrote

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

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drpvn t1_jcbodou wrote

Not even this douchebag can find an apartment?

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Silvery_Silence t1_jccs7qb wrote

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

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ketzal7 t1_jccudix wrote

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

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Bilbotreasurekeeper t1_jdtnkx9 wrote

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.

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