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Average Manhattan monthly rent rises to record $5,588
The Hill ^ | 08/10/2022 | MIRANDA NAZZARO

Posted on 08/10/2023 12:15:41 PM PDT by ChicagoConservative27

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To: RoosterRedux

Moving on up, to the East, With a Big Apartment in the Sky.


21 posted on 08/10/2023 1:02:09 PM PDT by mfish13 (Elections have Consequences.)
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To: Lockbox

If you figure in the NYS income tax and the additional NYC tax I would say more like $250K just to live there.

Don’t even think about a parking spot.


22 posted on 08/10/2023 1:04:25 PM PDT by woodbutcher1963
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To: ChicagoConservative27

With a 30 year mortgage at 7%, you could buy an $840,000 house for $5,588 a month.

You probably couldn’t buy you a rat infested one room apartment in Manhattan for that, but in most of the rest of the country that would buy a pretty nice house.


23 posted on 08/10/2023 1:22:56 PM PDT by Bubba_Leroy ( Dementia Joe is Not My President)
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To: ChicagoConservative27

“Manhattan’s new average monthly rent of $5,588 is up more than 9 percent from last year, when rent was $5,113, according to the report. The median rental price also reached a new high of nearly $4,400”

Which one to use?

“The advantage of the median is that it removes extreme measurements from a data set, giving you a more realistic idea of what to expect. The average can give you a more accurate sense of the total scope of data, but when it comes to planning for expenses, the median is a more reliable guide of expectations.

So the sell price of several very costly properties versus many more average properties can skew the average much hight=er.


24 posted on 08/10/2023 1:23:34 PM PDT by antidemoncrat
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To: Dilbert San Diego

A premium price to witness unprosecuted shoplifting, drug use, vagrancy, and trash and to face the threat of assault and injury with the prospect of prosecution and jail if you defend yourself.


25 posted on 08/10/2023 1:42:21 PM PDT by GunsareOK
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To: ChicagoConservative27

That’s more than my annual property tax. Insane.


26 posted on 08/10/2023 1:48:56 PM PDT by Windcatcher (Time to fly the black flag -- one of no quarter for Marxists.)
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To: ChicagoConservative27

So, you’ll own nothing and you’ll be happy...

and homeless...

unless you’re a recently arrived illegal immigrant. In which case taxpayers will put you up in a nice hotel.


27 posted on 08/10/2023 1:53:04 PM PDT by Danie_2023
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To: ChicagoConservative27

Wait til the full effects of NYC Local Law 97 kicks in.


28 posted on 08/10/2023 2:16:37 PM PDT by technically right
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To: Dilbert San Diego

https://6figr.com/us/salary/manhattan,-ny—l#:~:text=NY%20employees%20make?-,Employees%20in%20Manhattan,%20NY%20earn%20an%20average%20of%20$202k,than%20$224k%20per%20year.

Average salary is 202,000 a year. So they have plenty left over to live and invest.


29 posted on 08/10/2023 2:55:21 PM PDT by napscoordinator (DeSantis is a beast! Florida is the freest state in the country! )
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To: mfish13
Heheh. It's not as fancy as one would think.

The best apartments in New York are the old ones with character. And the lofts. I've lived in 3 lofts over the years and that's my favorite.

Also, I had a nice 1 br. brownstone apt. once with an exposed brick walk that ran from the front to the rear (West 78th).

30 posted on 08/10/2023 4:21:19 PM PDT by RoosterRedux
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To: ChicagoConservative27

That price should keep out the unwashed masses (excepting those “migrants”).


31 posted on 08/10/2023 4:35:28 PM PDT by RetiredTexasVet (Biden not only suffers fools and criminals, he appoints them to positions of responsibility. )
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To: Codeflier

$200,000 is the old $50,000 of 20 years ago.

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$90,548.28 is the old $50,000 of 20 years ago.

Very handy link:

https://www.bls.gov/data/inflation_calculator.htm


32 posted on 08/10/2023 6:17:42 PM PDT by Graybeard58 (Celebrating 42 years of sobriety this year, thank you Heavenly Father.)
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To: Windcatcher

That’s more than my annual property tax. Insane.

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That’s about seven times more than my annual property tax here in fly over country.


33 posted on 08/10/2023 6:22:16 PM PDT by Graybeard58 (Celebrating 42 years of sobriety this year, thank you Heavenly Father.)
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To: woodbutcher1963

If you park on the street in NYC you have to remember where you left the car last night and you can never find the same spot available. On days they clean the street, better have moved your car. Only other choice is very expensive off street parking. That’s why most don’t have a car.


34 posted on 08/10/2023 8:14:45 PM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: Bubba_Leroy

A 2 bedroom shithole in Brooklyn is about $900,000 mortgage + a fee every month for common area maintenance which STARTS at about $600.00 a month!!


35 posted on 08/10/2023 8:24:05 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: Graybeard58

If you trust the government numbers.


36 posted on 08/10/2023 9:03:03 PM PDT by Codeflier (Don't worry....be happy)
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To: Dilbert San Diego

All that money and you gotta walk everywhere.


37 posted on 08/11/2023 1:17:53 AM PDT by minnesota_bound (Need more money to buy everything now)
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