Posted on 12/16/2019 6:37:54 PM PST by GuavaCheesePuff
They should check Palo Alto next.
Rent for a 500ft studio is $3,000 per month.
Different strokes..for different folks.
“Any home with property taxes over $300 per year is slavery for State pension rackets.”
We pay $7000.00 per year property tax in a rural, fairly low tax state. Like dummies we built a 6 bedroom house with 7 baths Mcmansion.
Roosevelt Island is very nice these days.
Staten Island is OK if you like opioids and trashy women. It’s the white ghetto.
All the truly nice neighborhoods in Brooklyn are expensive and liberal (Park Slope, Brooklyn Heights, Carroll Gardens, even Fort Green).
All the truly nice neighborhoods in Brooklyn are expensive and liberal (Park Slope, Brooklyn Heights, Carroll Gardens, even Fort Greene).
[Deregulate rent controls in NYC. Then let the free market decide what a home in NYC is really worth.
Pretty simple. ]
Only way i would live there is if someone gave me enough money to live somewhere else.
A million bucks will buy you a 400 acre farm in Trump country that you can rent out for an average of $200 an acre for income of $80,000 per year for sitting on your ass.
Take another $250K and build a 4000 sq. ft house on it and spend $50K per year flying to NYC and staying in 5-star hotels in Manhattan every few months.
That’s how you spend $1.3 mil the smart way.
My property taxes are due 12/20 - $3,680.00. Fricking crazy.
In southrn California the average home pn the San Fernando valley is around $650,000. Be prepared to do some fixing up too. Small yard and walls around property with neighbors too close. Apts/condos are #330,000 for maybe 1,300sq/ft. many are 900sq/ft.
Both homes and condos also have expensive HOA fees of around $400 and up in many areas. The lenders will accept as little of 1% instead of 20% as most cannot afford that huge down payment. In Minnesota I can buy 2.5 lake front homes with a large yard. If not a lake then a creek or pond or river.
Then they made their bed now they have to sleep in it. No wonder NYC is a mess.
Rent control doesn’t apply to units built after 1950 or so.
The purchase market is ridiculous. The rental market is not
It’s that simple.
My house is worth 2.5 million. We pay 3000$ a month. No strings. No taxes. Explain to me why I should buy it
I live in Oxnard Ca. granted a beach community but a 500 sq. ft. studio here is 3200.00 a month then you have all of your utilities!!! If the state would back off of building regulations and NEVER ENDING permits developers would be able to build for less money and housing would be more affordable!!! The only people that will be in this state soon will be immigrants who live 2-3 families in a dwelling!!!
When the homes are costing a million dollars who in the hell has the 3-5% down payment when you are trying to support a family!!
“Brooklyn Heights brownstone”
Don’t dance with Mr. Brownstone.
All homes are affordable to someone, and unaffordable to someone else.
NYC.
Snort.
In my neck of the Upstate NY woods, I know folks who are paying $10,000+ in property taxes on existing homes worth less than $200 grand.
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