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megamom71 t1_irfwzk4 wrote

Reply to comment by Johnnadawearsglasses in Not the Place to Be’: Young Professionals Are Leaving New York - Bloomberg by EvanMcD3

Rent will also decline when supply goes up. Well, if supply goes up. As long as we have so many empty office spaces, luxury spaces, and tax incentives to keep those as the primary focus of builders, the rest of us will be fighting for what limited affordable rentals there are.

The culture here is declining because the creatives that used to congregate here can no longer afford to live here. People leaving isn't good because it's the cool people leaving, and the boring people are taking their place.

I would love the other cities, but they're almost as expensive as NYC with worse state governments. Austin, Portland, Cleveland, Orlando, etc. Any other major city is just as bad as NYC in price LA, Chicago, Boston, etc.

There's no winning right now, sadly. Even moving to the suburbs isn't a great option because housing and groceries and cars are hella expensive. Things need to fundamentally change, and the people in power don't want that.

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[deleted] t1_irg5x3a wrote

Other cities aren't just as expensive as NYC. Have you tried getting an apartment in Florida (where I live)? Gigantic difference. Pretty much no city is like NY. They don't have 15% annual rent brokers fees in Florida. If I spent 3k on an apartment here it's going to be super luxury. Shit, they didn't even take a security deposit in one place. They also don't shake you down for all your personal info here.

You automatically give up 12-16% of your income to the state and city of NY just by moving there (in taxes). For me, that's over a grand per month just in taxes (insanity!). I live in Florida now. It's so hard to move back and stomach that. That doesn't count the cost of housing and everything else.

A few years ago, I'd say "you get what you pay for", but I'm really doubting it.

Your comments about the "cool people leaving" is true. NYC feels overwhelmingly tech bro to me now. Lots of West Coast people (yuck!).

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darksideofthesun1 t1_irgsfl6 wrote

You are right about the trendy areas in NYC like Williamsburg, Chelsea and east village. There are many areas in queens that are not like that. Lookup elmhurst and Forest hills, it is much cheaper and you get larger apartments.

But I think there are good places to live all over the country. It is all the media and movies that keep people lusting New York all of the time.

Also 50 years ago there was real reason to live in New York because if you were different than the mainstream like gay or Jewish you wouldn’t fit in most of the country. That has changed now for many urban areas in the country. If you live in Burlington VT you can find your crowd even if you don’t fit the mainstream.

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66Hanuman99 t1_irg7tem wrote

>Lots of West Coast people (yuck!)

Lots of West Coast people (yuck!) ~ agreed

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proudbakunkinman t1_irgftx9 wrote

It's more higher salaried workers overall, not just tech workers, seem to be making up a larger percent of people around since they can afford it still. Also, young people with rich parents who think the only things that matter in life are that they live in the cool neighborhoods in NYC and LA, are wearing the exact same Urban Outfitters synched fashion trends, and where they hang out.

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WorthPrudent3028 t1_irhb4ls wrote

Florida is a state, not a city. There are relatively expensive cities in Florida. There are also small towns in the middle of nowhere. And there are also the semi affordable strip mall suburbs, one of which is probably where you call home.

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[deleted] t1_irkyodj wrote

I live in Tampa (the city) - in walking distance to downtown, in a luxury apartment with 20yos.

Only Miami and a few luxury communities here and there even approach the median NYC rents. And even still, these are new and luxury apartments (for the most part). The quality of life is through the roof by comparison.

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