Why New York Is Becoming a “Millionaire-Only” City
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Пікірлер: 96
In future the rich will have to do their own cooking, cleaning and garbage. Very character building and a positive development...
@herp_derpingson
20 күн бұрын
You can just microwave hotpockets and other frozen foods.
@KxemonPlayz
4 күн бұрын
@@herp_derpingson Cancer from radiation...
@mafuyu1380
3 күн бұрын
Poor people coming from another city will do this
@bronxishomenomatterwhereig3149
Күн бұрын
Look at Doha, Qatar. They just bring in immigrants to do the work they'd rather not. Looks like NYC is attempting to do the same.
your channel is the definition of Quality over Quantity , keep up the good work !
My one-bedroom apartment in southwest Missouri costs less now than I paid to sleep on a guy's living room floor in Manhattan in 1986. No lie. $400 in 2024 vs. $500 in 1986. (The average cost for a one-bedroom apartment in my town is about $850. I've got a great deal in a very old building.)
@WhirledPublishing
19 күн бұрын
I lived for free in Hawaii ... in a cabin on three acres with fruit and flowers growing all around me because the property owner lived in California - so I was just there to bring some civility to the jungle.
@daniel385
19 күн бұрын
@@WhirledPublishing That's better than sleeping on some strange dude's living room floor in Manhattan ; )
The cost of living totally doesn't have anything to do with the politicians and political leaders in the city.
Laughs in Hong Kong
@qaitalamashi
20 күн бұрын
😂😂😭
@Ash-vt7uu
20 күн бұрын
Hong Kong housing prices got a bit down but are still insanely priced, but as least we have public housing unlike America, also other expenses are probably cheaper than in New York
@noahschwartz1222
19 күн бұрын
@@Ash-vt7uuThere is a shitton of public housing in nyc
@LlnusTechTips.
12 күн бұрын
@@Ash-vt7uu coffin housing🤣☹️
It seems like no one can afford to live anywhere these days. Your grave might be the only place your body will stay for free as an adult.
@digitalm1
20 күн бұрын
Yeah, graves are not free. Your family needs to pay for that
@Unhappypeoplesaymeanthings
20 күн бұрын
@@digitalm1 Yeah, I sadly realized after leaving the comment that your family needs to pay for that, but I hope you understand the sentiment.
@johnl.7754
20 күн бұрын
Well just saw another video which said Buffalo NY is cheap. There’s always cheap places just most people don’t want to live there
@herp_derpingson
20 күн бұрын
Most of Asia cant afford graves, they cremate.
@sing-sei795
19 күн бұрын
Did you know they rotate grave plots every 100 years
This fucking disgusts me. It's now known as some "rich playground" despite it having a HUGE history of WORKING/LOW CLASS immigrants and populous, but then things happened and here we are. Our most culturally diverse and amazing and convenient city ruined by (from what I've heard) rich people doing fishy shit, landlords getting greedy, bad city management from the council itself, and everybody deciding to flea back into the city from their suburbs because it's now "trendy." Ruining the culture slowly, day by day.
Lived in Brooklyn in the 90s. If I were to do it all over again, I would choose Chicago at this point.
This is the best video I have come across about NY demographics. New subscriber!
Great video!
Guess philadelphia, Detroit, Cleveland, Buffalo, Pittsburgh, Rochester etc are what's affordable
@MrHorse-by3mp
6 күн бұрын
Funny how the worst, most boring places are always the cheapest.
@MrGrimlocke
6 күн бұрын
I’ve been obsessively researching US cities for months and Pittsburgh is actually pretty cool
@user-qb4ix6yq6l
2 күн бұрын
@@MrHorse-by3mp supply and demand
@Mallyumansky
Күн бұрын
@@MrHorse-by3mpRochester is actually pretty cool for a mid sized city
Who knew that not building housing to meet demand where people want to live woumd cause prices to rise. Specifically state constructed affordable housing to keep housing prices in check in meaningful quantities is the big problem due to not being built in sufficient numbers to meet demand.
@firstpostcommenter8078
8 күн бұрын
But 5:10 shows that NewYork population increase is less than the increase in number of houses.
@quetz6335
6 күн бұрын
What demand? Population in new york is decreasing every year
@koodigocrxzy465
4 күн бұрын
the first minute of the video refutes what your saying
Incentive to only build luxury housing instead of affordable housing.
@shauncameron8390
2 күн бұрын
Affordable housing is not viable in the face of high real estate and building costs.
We moved to NYC and gross over $500k and feel like we’re barely getting by at times. The cost of living here - especially with kids is insane. Don’t expect any sympathy; others are certainly worse off but we’re not exactly living it up. Childcare - for one kid - can easily get to over $100k a year. Rent for a modest 2BR apartment can easily be $7k a month / $84k a year. Food costs 2-3x what it costs elsewhere. Taxes are highest in the country.
I went to NYC in 2022 and it was a great but i was curious on rent prices and man my pockets hurt looking at those average places for absurb amounts of money. Im from the midwest and I think I will stay put 😂
It’s not only New York City it’s Los Angeles, San Francisco, San Diego, Miami, and most of Florida in that matter the state of Maine Boston practically the entire country. And it’s not just the US that has this problem when I look at all these cities and countries that have an all-time inflation with a terrible homeless situation With people sleeping on the streets, trash everywhere, piss and shit on the sidewalk and alleyways with crumbled infrastructure and disgusting living conditions and no affordable living anywhere. When you connect the dots it’s very clear that it’s not a left right issue a geographic issue or any form of government or so it’s a population issue. There are too many people on the planet and the world running out of resources. so another words we are overpopulated and there are not enough homes for everyone because if they are building more and more houses apartments, businesses and roads changing the climate and we still have a home shortage then it’s overpopulated and there aren’t enough homes for everyone and keep hearing and seeing the same topics over and over and over
greed from a few
If you can't afford New York, India welcomes you! We speak English here.
@mufasa0
20 күн бұрын
We are still overcrowded country 😂
@Ksov919
4 күн бұрын
For women to be abused in India? A beautiful woman you are already on top of taking photos and filming
@ivainyamutsamba8540
Күн бұрын
Viva BRICS
@Fjjdhdjdjx
22 сағат бұрын
How much people do u want here. Isn't it overpopulated.
I LOVE the American TURBOCAPITALISM! It's like fkng everyone lost their minds.
I’ve actually seen this firsthand from PA. It seems like mad New Yorkers r leaving for here and Jersey anymore
I am paying $10 per square foot per month. Luckily, I live alone in the middle of nowhere. 🇨🇦
The goal of capitalism is to concentrate as much wealth as possible for as few people as possible, so I'd expect that especially Americans would see this situation as something positive rather than negative?
@lenitypious6579
17 күн бұрын
Well said, don't really understand why folks never see this.
@flosset6070
13 күн бұрын
Wealthy disparity with this economic model is almost inevitable. I wish someday it changes
real estate companies pricing a closet in midtown for $5 billion (i was priced out of the city into Long Island since my Appalachian wallet can afford to live there)
Don't worry about low wage jobs, because they will be replace by robot/AI.
What and interesting video and true
this is now becoming the city of broke And no longer dreams 🥺
Sounds like NYC is becoming something like Doha in Qatar. Where you have a lot of wealth concentrated in the major parts of the city. While immigrants make up the working class that handle the labor jobs.
A city must accommodate all
@shauncameron8390
2 күн бұрын
No. Living in the city is a privilege, not a right.
The way inflation is going it will soon become a billionaire city.😅
Millionaire is middle class
5:10 shows that population of NewYork increase less than the number of houses. So maybe the median salary in New York is too high. The salaries need to be reduced.
You can’t afford a 3k apartment here if you make 130k a year. Whoever did the math is still getting allowance from daddy. To afford a 3k unit comfortably here (meaning you are saving, paying student loans, bills, having a basic nyc social life, traveling 1-2 times a year and not living paycheck to paycheck) you’d have make at least $180k
@thomasgrabkowski8283
20 күн бұрын
Not to mention owning property, which is something people from elsewhere traditionally aspire to. In NYC, it is something only possible for people that are very rich
@100problemsnot99
8 күн бұрын
And don’t forget being taxed heavily by 3 different entities, if you live in NYC and if you’re in Jersey but work in NYC. 😡
@OverEast34
11 сағат бұрын
True, but it’s based on a general rule of thumb that doesn’t take into account taxes and other expenses as those can differ from person to person.
@marquiswhite
8 сағат бұрын
@@OverEast34 the “general rule of thumb” hasn’t been accurate in at least a decade. And obviously everyone’s situation is different, that’s why I’m saying what’s generally comfortable. I know because I’ve been poor in nyc and now within the top 5%. If you are paying 3k alone and don’t make min 180k you are living beyond your means.
I encourage people especially nurses to move to California.
The Middle Class didn't disappear......It was pushed out
Incogni is better, but everyone should do their own research. But good to tell people about this stuff anyway
Media and young intellectuals live there, so it will always be portrayed as a huge problem. Why can't other cities be made to have the same advantages of NYC? The real reason people want to live there is that it's the only escape in America from the endless stretch of highway, parking lot, suburban subdivision, and strip mall. The only place you can walk around rather than being stuck in a car. Yes, there are areas of Boston, DC, etc., but NYC is the only real city.
The real reason, is that NYC is the capital of North America.
@shauncameron8390
2 күн бұрын
And the world's #1 financial center.
Laughs in Tokyo
So basically capitalism
You couldn't pay me to visit NYC. It has come full circle to the late 80's in being a cesspool of crime and corruption and a disgusting blight of urban decay.
hallo millionaire here! 👋 if you cant afford to live in a penthouse in Tribeca can you really afford to live at all?? ha ha (i have 10 dollars in my bank account welp)
Nah. /
New york should vote red next time
Capitalism without interventionism never works.... Americans you loved capitalism so much rigth what now?
@hipstersephiroth3722
20 күн бұрын
It’s more like Americans used to lived in depression
This guy killed his channel after Ukrainian video
@arbaz79
6 күн бұрын
Hahahaha.I noticed that too.This channel got bombed after the Ukraine video.
Millionaire Only ... u mean Refugees Only
Capitalism. The answer can always be traced to capitalism.
@ApeAlchemist
20 күн бұрын
Really? Wallmart are the ones savaging us? Not govt?
"No one" can afford to live in New York? Click bait titles turn off viewers.
@caitlins6505
20 күн бұрын
?
Just leave