And Hollywood keeps making those romantic comedy movies in which a young woman working in the fashion industry or as a reporter lives in a Brooklyn loft, parking can easily be found, and the gruff New Yorkers have a heart of gold. Love can be found at a cafe, or at a club. Then every lonely heart in the world will move heaven and earth to seek residence in such a Magical City. Not even Disney could come up with such BS.

@Inv1s1bleMan

3 ай бұрын

You nailed it bro 😂😂😂😂

@rain73ful

3 ай бұрын

I thought "Friends" was always such a stupid show. How could a bunch of middle class, struggling young people live in a spacious loft that at the time, was worth about $30 million dollars? Give me a break!

@Mercerdaniels

3 ай бұрын

Name 3 movies made in the last five years set in the current five years that have this premise. You still thinking of stuff made in the 70's through early 2000s.

@wicho5062

3 ай бұрын

The channel kinda covered that, it was mainly due to rent in most apartments being fixed. Say you get an apartment for $800, it's stays like that as long as you lived there. But until you move out, it goes to market value. Probably getting it wrong but also note, at the time the show was made, NY was pretty affordable to live in.

@user-ug2yz6vb7p

3 ай бұрын

😂😂😂😂 true true

It’s the same in London. What makes me mad is when people say, don’t live in London if you can’t afford it. But a city needs more than bankers to survive. What about the people who sweep the streets, empty your bins, clean the offices, stack the store shelves, make your coffee. Where are they supposed to live. Is it right to make these people travel three hours in to work everyday.

@chenanigans

3 ай бұрын

Very good point, but eventually they'll probably have robots doing all of that and us peons will be relegated to our respective districts.

@PendulumCancel

3 ай бұрын

It's not even just blue collar people. There are also people that sit somewhere between blue and white collar. You've got paramedics/nurses, train/bus operators, taxi drivers, firefighters/taxi drivers and managers of small businesses who have to live in the city. If these "luxury" apartments are sitting empty at $5k per month then the rents should go down to $4k and if they still don't bite then try $3-3.5K. There is definitely an element of greed playing a role in this situation. Oh, and no studio outside of a skyscraper should be going for more than $2000 a month. What a joke.

@PendulumCancel

3 ай бұрын

@@chenanigans Funnily enough some studies and even real world results are starting to show that AI is replacing white collar jobs more quickly than creative/hands on jobs. It'll be a while before AI robots are stocking grocery shelves, caring for old people and doing face to face labor outside of factory lines. Stuff involving programming/accounting and maybe even clerical/lawyer related things might be on the chopping block faster than we think and I find it hilarious.

@joyceg7859

3 ай бұрын

After they dump the bin , they’re expected to go live in a bin

@user-ic8ei6ks2o

3 ай бұрын

​​@@PendulumCancelof course you're miserable enough to find that hilarious, but usually people in those fields (the smart ones at least) use those technologies to help them do their jobs more efficiently. Programmers and accountants who are actually good at their jobs see AI as a plus, not their competition. They're not stupid, they know how to adapt to change when they need to. So everyone who loves to hate on white collar workers for some odd reason will be disappointed, hate to tell you. People love to quote random "studies" that they really never read the details on just to support a claim they want to be true, so I'm not really impressed by that either.

when housing turned from a commodity into a corporate investment, the world became much worse.

@bobbybird4985

3 ай бұрын

That's right...people who have no oil have to work n make things up 😅

@bobbybird4985

3 ай бұрын

Natives are getting billions in next year...we were left behind n now protected by law

@tricatfilms6136

3 ай бұрын

yep saw it happening in San Diego from '03... now PIttsburgh just these past 3 years... not so much in ChiRaq... yet.

@WalkingHeadPro

3 ай бұрын

problem is, most of the world doesn't allow such nonsense. Its mostly the US, that is completely owned and pillaged by corporations.

@aezakmi047

3 ай бұрын

not world, but west

I feel really sorry for the NYers, grinding just to pay rent is so terrible. I left Berlin 3 years ago and do not regret it at all, I bought a small house in Italy, don't pay rent anymore and am loving the simple country life.

@MotherGunner

3 ай бұрын

I have zero sympathy. They vote Blue and should reap what they sow. Nice to hear you found a nice place. I want to do an EU tour someday.

@leniruess1719

3 ай бұрын

@@MotherGunner thank you! I can only recommend the EU trip - if you have the opportunity come visit Puglia, Italy, it is stunning♡

@isaiahlewis6627

3 ай бұрын

I bet the country life in Italy is bliss!! Good for you doll. Live well and prosperous. Italy is actually on my places to visit list. 😊

@leniruess1719

3 ай бұрын

@@isaiahlewis6627 thank you sweetheart! Italian country life is great, I have a garden and the ocean is close, the people are so lovely and I adore the simple life so much. Definitely come visit, I'm sure you would enjoy it here!♥︎

@sebbonxxsebbon6824

2 ай бұрын

Blue=ruin, everything they touch turns to sh--.@@MotherGunner

$3600 for a studio is wild.

@jellyrolly

3 ай бұрын

It's outrageous for even a one bedroom. I find it reasonable for only two bedrooms to have that price range (if it's a fairly clean and not too old).

@KingDanny9

3 ай бұрын

The glories of a nation 34 trillion in debt. High rent is only the beginning.

@slapshotjack9806

3 ай бұрын

@@jellyrollyI live in a 2 bedroom that’s 1400

@makotonarukami7468

3 ай бұрын

In Houston, you can find a $500-$700 with a shared kitchen 4 rooms, you have your own room and toilet shower, just you must share the kitchen. (Not a bad thing if you tell your house mates that you will do everything in your power to not use the kitchen that way, no one has to talk to me about if I did this or did that. I'll just eat at work, and have sandwhich and cereal in my own mini fridge in my room after work, and eat out or order pizza during days off. For the sake of not using the kitchen.

@WokOverEasy

3 ай бұрын

And nobody is making you pay it. I live in a nice neighborhood in Queens for a fraction of the price. I was just watching the blue jay outside my window in my big backyard too.

As a civil engineer who works in water infrastructure, I salute you for explaining the limits of 100+ year old sewers handling endless population influx

@milliedragon4418

3 ай бұрын

Oh good lord. I don't know but that must be incredibly frustrating. I honestly don't know how that even works, a lot of people make fun of Saudi Arabia because they don't have any proper sewage so they have to use septic tanks and actually take it away from the place through trucks. But it wouldn't surprise me if that happens here in these big old cities like these soon.

@jaybenjamin4563

3 ай бұрын

We need you in my city here upstate lol. I jokingly have said many times how things here seem to have been done by a man reading Cracker Jack box directions.

@davidgammon4934

3 ай бұрын

@@milliedragon4418I think people will leave, before they do any of that. Imo they’re trying to get people to leave, and it’s working. Then evil billionaires can buy up the land cheap, and make their stupid 15 minute cities in all of our best places. LA, NY, Portland, Seattle, SF, Chicago, etc. Or China might buy it all up instead, like they have been doing in the midwestern places to control our farm land. Idk. I wish it would stop.

@davidgammon4934

3 ай бұрын

@@AlKiar So canopies between buildings and block sun? Or canopies on top of buildings? I see that it said glass, but that’s obv really expensive, so I assumed mass scale would be different materials. Idk

@jamalgibson8139

3 ай бұрын

​@@AlKiar Wouldn't it make more sense to use bioswales and permeable surfaces, rather than more glass and steel to contain stormwater? I know that it's hard to implement something like that in NYC because so much of the subsurface is infrastructure (tunnels, sewers, basements), but perhaps we should consider solutions that aren't heavily reliant on highly engineered, fragile systems. I admit, I'm no civil engineer, but I have a passing interest in infrastructure, and I see what's often done in Europe, with more natural solutions, like canals and bioswales, that it seems to me we should be looking at those more seriously. If I'm totally off the mark, then I understand, but I feel like in America we too often look for manufactured or highly engineered solutions, when we should be looking for ways to let the landscape work for us, rather than work against us.

The thing that bums me is that: people and the news expose the problem, yet nothing would be done to solve it

@JesusLovesEVERYTHING

2 ай бұрын

People aren't angry enough... When we aren't still hoping for better jobs and better pay and for everything to be cheaper and for our president to start throwing money at us.. when we stop asking questions and just go completely off on this shyt system by coming together.. then I bet you, something will change. What good is being aware of the problem but not doing a damn thing to solve it? Nothing will get better until we angry

We still have my parents' house in NY they purchased for $22,000 in 1960. We have been renting it out for 29 years. Only raised the rent twice in all those years. People don't want to leave, they are good tenants and we never hear a peep out of them. Not every landlord is greedy!

@tefbossteflondon5747

3 ай бұрын

Where in New York?

@boomerdoomer7534

2 ай бұрын

Oy vey....

@jmb1666

2 ай бұрын

​@@tefbossteflondon5747 Long Island

@valarieford1778

2 ай бұрын

That's great God Bless you

@TrueEnergizerBunnies

2 ай бұрын

Most landlords arent. They are just trying to get by. At least the mom and pop ones. The big corporations that have 1000 different units probably dont care. The tenants are just a number to them

Many people are homeless across the country and it's not just veterans or drug addicts but people who never imagined they would end up that way!

@MrSomeSkeptic

3 ай бұрын

It shows a lot about our country when the "typical" homeless person includes veterans along drug addicts. You're not wrong. It's just an awful reflection of where we are as a country; and have been for a long time.

@erikaw7767

3 ай бұрын

there is so many places with affordable rent and there are so many jobs open lol. people need to take note and think about their careers.... because nobody wants to learn trades and everybody wants student debt... they also vote in a way that brings them housing issues.

@justthebrttrk

3 ай бұрын

Homelessness per capita is near an all time low.

@iivin4233

3 ай бұрын

​@MrSomeSkeptic I had the same thought. If there's one category of person that needs to be paid, it's the soldiers. But the fact it's a volunteer military that must promise benefits it can barely afford to supply in order to meet its needs is part of the problem. Could be a part of the problem. There are other ways to interpret the information.

@smokeemifyougotem9662

3 ай бұрын

funny enough most of them on coagulated to cities when there is a sparse and open field known as the entire midwest where housing could be built. Problem is, jobs. If we actually had all of our manufactory back you could stick them in the midwest and in turn build houses around them. But because we lack those jobs and the only fucking jobs you can find these days are customer service ones outside of trade which tend to revolve around high population areas, everyone is glued to small artificial islands

I left and will never go back

@lisahinkofer2085

3 ай бұрын

Me too. Grew up in the Bronx and that’s no longer affordable

@russellseilhamer4552

3 ай бұрын

There’s so many other beautiful places to live in NY state that is affordable

@minoxidilbeardandhairprodu4598

3 ай бұрын

Where were you, when they build that ladder 🪜 to heaven 😇

@sunso1991

3 ай бұрын

same here, spent a year in Astoria, first day there i got burglarized LOL. someone stole from my apartment when we were moving in. the apartment got bedbug couple weeks in. NYC is dirty, expansive, and the worst were the people there

@hollybizzle813

3 ай бұрын

Congratulations 😊

Same in London. It’s called Greed and is typical key step in the rise of fall of Civilisations. Usually found towards the end. 😢

@SPFboy86

3 ай бұрын

Confirmed. Unfortunately, London is no longer affordable, except the really bad areas where your personal safety is at risk.

@maiaautumne2167

3 ай бұрын

Even the bad areas are expensive in london

@TrueEnergizerBunnies

2 ай бұрын

Wrong. Sure some people are in it for greed but most places raise the rent because the cost of insurance is going up, the taxes are shooting up like crazy, costs of repairs are going up, costs to evict bad tenants are going up and its a massive headache that can take years so they want to make sure they get good ones in and not trash. When the costs of goods go up and taxes, then the rents go up too. People cant rent a place for $800 a month when the costs of taxes and insurance and repairs is $1500 a month

@madderscience

2 ай бұрын

yet to listen to tenant activists landlords have been greedy monsters since the beginning of time. There used to be a nonprofit coffee shop near me. Some idealistic types got some free space in the basement of a church and ran it on mostly volunteer labor offering basic coffee flavors, bakery 2nds and such on a pay-what-you-can model. They hoped that wealthier people would pay enough that they could afford to support those who couldn't pay anything. However, they went out of business because most of their customers paid nothing. Yet when they went under some people still called them greedy claiming they really went under because they weren't profiting enough. Well that was true, in the end what did the volunteers get, and with nobody paying they could not buy more food or materials. (I always paid when I went in there)

What’s still fascinating to me is that this doesn’t crash - people still live and move to those cities - people still pay the rents - it’s wild, same in other huge cities - can’t wait for this to collapse (hopefully)

@CookieCurls

3 ай бұрын

I think this is ending honestly. $3600 for a studio means you have to make $150k to afford that, and most people making $150k aren’t willing to reduce their QOL that much. I think we’ve finally hit the threshold where people aren’t willing to sacrifice any more just to be in NY/LA/SF.

@garythecyclingnerd6219

3 ай бұрын

@@CookieCurlsIf you’re worth $150k in Kentucky, you’re worth $350k in NYC.

@piiits_life

3 ай бұрын

@@CookieCurls honestly i don’t see that coming yet - it will become a ghost town with many high luxury apartments which are all empty - if this level is reached the investors will either sell it, destroy it or become reasonable again - hopefully

@kevingodziebiewski2593

3 ай бұрын

Or….turn it into what happened in the movie “escape from NY”!!!!😆😆😆😆😆😆😆😆😆

No money for rent, no trucks to deliver your food

@Zebulization

3 ай бұрын

Don't forget a new toll fees for people driving through the city. Commuters have to deal with cameras that capture their license plate and then they get sent a bill. You can't live there and you can't commute.

@vickieclark5931

3 ай бұрын

@@Zebulization Yeah, I'm surprised that truckers will even deliver in NYC with those new toll fees.

@Jayz52579

3 ай бұрын

@@vickieclark5931i believe it's not enforced yet.. Its still hung up in courts.. Once that goes into effect tho, these woke progressives will set more of the city ablaze with their terrible policies.

@jameschan2171

3 ай бұрын

​@@vickieclark5931Pass costs to customers...

@nadir8804

3 ай бұрын

​@@vickieclark5931Weren't the truckers protesting last Friday by refusing all deliveries to NY ?

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”-Thomas Jefferson

@darleneaitken1620

3 ай бұрын

That's the plan. But the government will build them housing and be just like Russia and China.

@ninamartinez5596

3 ай бұрын

Wow🤔 it’s quite scary when you notice how far we have strayed from what forefathers intended this nation to be.

@marcyking461

3 ай бұрын

While you're quoting Jefferson, you (we all) might want to blow the dust off of our Declaration of Independence and do our DUTY (word was replaced by 'Right' somewhere along the line) within. I'd say we are past dealing with a Tyrannical Government. It is past time to get the watering can out, and soaking down the Liberty Tree, don't you think?

@floxy20

3 ай бұрын

Private banks have not issued money in a very long time. It was not a good situation, so a central bank took over the job.

@MrR40388

3 ай бұрын

@@floxy20 Central banking sucks and benefits the wealthy at the expense of everyone else.

What also sucks is this spills over into many areas outside the city. I live hours away from the city and everyone is moving here because it's "affordable." From 2020 - 2024 rent has tripled here. Before in a rural area you could easily rent for 500$ - 700$. Now for those same places it's 1200$ to 2000$. Jobs here don't keep up with that increase. I good paying job in 2020 was 16$ an hour. That same job is now paying 18$. This stuff has to change. I've never seen homeless here in rural area. Now folks are walking up and down the street and camps are popping up in woods and next to interstates.

The uk and US public have the same housing issues. Joke prices and rents people have little choice to pay whilst banks, building companies and landlords always guarantee themselves huge profits.

I don’t think this issue is just in NYC. It’s happening in a lot of our major cities.

@AudibleComprise

3 ай бұрын

76088

@karengerace7506

3 ай бұрын

Portland, ME (68,000) is unaffordable as well

@jimmartin181

3 ай бұрын

You are right....the common thread is democrat cities.

@heyaisdabomb

3 ай бұрын

It's not much better here in San Francisco. $3600 is the average 1 bedroom apartment. $5000 is the average 2 bedroom. A 1000 sqrft starter house that's literally falling apart runs you 1.2 million. And the decent houses are all 2 million and up. The property taxes alone on that are more than a third of most people salaries. And it never goes down, it's just not going up very much right now. But averaged out over the past 10 years, house prices go up $50,000 per year. So the idea of saving enough to make the down payment is not back by the math.

@AkRenee

3 ай бұрын

​@jimmartin181 No sorry.. I'm a born & raised Alaskan which is a red state & rent has been raising & getting worse. We also have a huge homeless population now. This is a American problem across the globe.

Another thing I am curious about is who is gonna work all the jobs like at JFK, Cargo, Railroading, FDNY, NYPD all these middle blue color jobs right? So your telling me ONLY Computer techs who sit on their ass at home all day and executives are able to afford it all? Guess what? That means this city is DOOMED.

@ScissorN

3 ай бұрын

Immigrants will work those jobs dont worry

@jameyroberti1517

3 ай бұрын

unfortunately its also people who have to commute a minimum of one hour to reach the city

@shubashuba9209

3 ай бұрын

I say, let the labor market sort itself out. If all the poor people leave, then there will be a labor shortage and wages will increase to the point that NYC is affordable again for blue collar workers.

@nethbt

3 ай бұрын

Venezuelans, Mexicans... they're ok with $3 an hour

@personzorz

3 ай бұрын

It was doomed as soon as real estate was turned into an investment

I always wonder, cities require tons of workers, like trash needs to be taken, streets cleaned, food made and sold... where all those people live?

@Cerez78

3 ай бұрын

Probably in their cars or they commute.

I remember in 1992, my mom moved us from a rat infested apt in the Bronx to a twelfth story housing projects 10 minutes away. 32 years later, my mom still lives in those same projects still on section A housing in her golden years. I tried numerous times to get her to leave New York and move to where I’m at, my siblings offer the same as well, my moms response was “I’m comfortable here” that’s how New York can have people stuck.

I feel like all these videos are better journalism than you ever see in any network. Good job, Cash!

@walterwhite1

3 ай бұрын

He sure is

@HollyMoore-wo2mh

3 ай бұрын

Massive amounts of time and energy go into his videos I'm sure. He has a good head on his shoulders.

@jvanek8512

3 ай бұрын

He still has a left wing bias. Example is at 01:03 where he thinks everyone else thinks "progressivism" would mean affordable housing. Anyone who's studied capitalism would know that's not true.

@user-br1cm5gr7e

3 ай бұрын

youtube in general is great journalism.

@evieshore3270

3 ай бұрын

@@jvanek8512 Cash started out as an Accountant working in NYC before he got into real estate, he knows what he's talking about.

Living in NY is a choice…

@TylerSL92

3 ай бұрын

Imagine choosing to live in a shithole 🤣

@atrailmckinley4786

3 ай бұрын

But not everyone can just pack up and go to another state if they don't have many resources or money to do so. Not to mention that individuals have obligations or are in situations where moving out of New York is not a realistic option for a number of reasons. Work, school, health reasons, and the list is endless. It may be easy for some to move, but for others, it's not much of an option. Personal circumstances may necessitate someone to remain in the city. Not to mention that if someone moves, there is no guarantee that their life in a different state will be better. Not to mention the costs of finding a home, food, and the challenge finding a job that will probably have a lower wage than in New York

@newwell321

3 ай бұрын

Stay there, don't move to Florida.

@Milk-rn5uq

3 ай бұрын

so is being a close-minded fool boomer. IDK how you think these people (the poor) can afford to move.

@GYMJAX

3 ай бұрын

It’s not easy to leave home for everyone. Some parents have generations of history there.

I just want to say Cash thank you for everything you do very informative and very professional

So interesting and your insights are thorough and explained so well. You are really good at sharing this kind of information. Keep it up!

You can’t have a functioning society without a middle class. This is happening in cities all over the U.S.

@nicolenotizieeamici

3 ай бұрын

Exactly!! Truth bomb here

@allanbard6048

3 ай бұрын

"The rich does no work and pays no taxes. The middle class does all the work, pays all the taxes. The poor are there to scare the middle class!"-George Carlin

@Jason-cm6uh

3 ай бұрын

Same in Boise, ID

@morningbear3794

3 ай бұрын

@@allanbard6048 its mental sickness of the mind of greed. native Americans knew better they tried to teach us how to walk with god our creator not the bible no agenda no ism no race .but we said no it would be easier to give into ego and gluten welcome to our sickness. we shall feel the pain of the lack of group conscious every one will suffer even the rich. karma is real god is real but he doesn't live inside of a book he lives inside of our hearts

@BFaluup

3 ай бұрын

Yes thank you…I am glad I found the one commenter that understands the root of this problem. In the decades past we had a strong middle class which moderated everything now we are on polar opposites and these issues are rising from this fact. A big contributing factor I’ve been noticing is that most college degrees and high paying jobs are now going to women…if men were getting them they are likely to marry a woman who doesn’t have a high salary where as it’s opposite for a woman who won’t marry a male with a lower wage …this is causing a major imbalance.

It’s gonna be like San Francisco; homeless people sleeping against empty buildings with vacant apartments for rent (for a cool $7k/month)

@kepigal

2 ай бұрын

Already happening

There is more real news on this channel than any other mainstream cable news channel. Congrats.

This is why society needs more planning. I don't want the government to micromanage things, but these types of problems continue to happen when everyone is living for themselves and we have to hope that everything will just work out.

@user-mb8ui8or9z

2 ай бұрын

The government creates the problems.

@PatrickArcato

Ай бұрын

Dude the doctor doesn't tell anyone to move to major cities so just don't 😂

Damn! I live in Norway, the world's most expensive country to live in after Switzerland, and New Yorkers are paying more in rent than I am! That's insane!

@skoolboi_L

3 ай бұрын

How much do you pay for rent in Norway?

@djzrobzombie2813

3 ай бұрын

And the Norwegian women are also better looking 😂😂😂 not fat etc 😂😂😂

@BeliaLastes

3 ай бұрын

Indeed 💯 right

@massiveattack777

3 ай бұрын

Same thing here in Moscow. I’m living in a one bedroom (bachelor) apartment in center , 10 min walk from red square and I’m paying 60 000 roubles a month. That’s about 650$ a month… But I have a good relationship with the owner, so he hasn’t moved up rent price in many years. Should be around 75 000/80 000, but when you have good owners of the apartments, price will be lower than what’s in the market.

@miepmaster25

3 ай бұрын

Yes and in Romania you don't even rent or get a mortgage with interest because the houses are like 60K

I had a friend many years ago, who was Chinese, and his grandmother lived in a small rent controlled apartment in Chinatown. The rent was like $200 at the time, when they were about $1000 on the open market. When she died, they kept it secret because if he reported it, he'd be forced to move out (he was like 30 at the time). He worked at night and on weekends performing repairs, painting the rooms, cleaning it thoroughly and disposing of the old stuff so that he and his girlfriend could move into it. I never asked how they got the body out. That was back in 1992. I don't even want to think about how much that apartment would go for today. $5000?

@daewooparts

3 ай бұрын

The body probably ended up on the menu 🥢🥡 & got delivered by bike 🛵 by Uber eats

@richardangers2566

3 ай бұрын

Did the grandmother, still vote? receive social security??

@1jackvalley580

3 ай бұрын

Show Respect ​@@daewooparts

@maximilian1512

3 ай бұрын

@@daewooparts😂😂😂

@rubywedderburn9487

3 ай бұрын

​@@richardangers2566 😒 🤔 Interesting???

You're always informative and entertaining, and thanks for that. But the personal sign-off today was an especially nice turn.

Prices are crazy everywhere, small towns in NC, its hard to find anything under $1500/m for a family when it used to be sub $1000. Banks loaning money that doesn't exist and getting off the gold standard was the start of the destruction. They take your money, loan out 25% more than they even have, and charge YOU interest. Plus now Wallstreet is investing in housing and renting it out or leasing. There are corporations that have hundreds of billion dollars in Real Estate and scalping everyone. We all remember how Monopoly ends, we all get screwed!

@chenanigans

3 ай бұрын

I knew it was getting crazy when I saw my hometown in North Carolina being brought up on one of those 10 places to move to lists. And My eyes could have rolled out of my head. Nobody ever used to want to live in my little podunk town and now you go and look at the home prices and they're all about 4 to 500k. It's madness.

@theorg_bunnyboo

3 ай бұрын

@@chenanigans, yes I hate it so much. All of these people moving into Charlotte NC ruining the food, and the affordability for the people who lived here for generations. It’s ridiculous.

@TG-hf1gx

3 ай бұрын

Born in Wayne County

@AnthonyBrown-gt4tn

3 ай бұрын

Lmfao whatever, I'll see you in a few weeks moving down from nyc ​@@theorg_bunnyboo

Nobody can afford anywhere. Where I live our one bedrooms have gone from $1500 to $1900 in a year.

@alwhitney68

3 ай бұрын

BS, the cost of living is different state to state. Some places are better then others. You need to go where it's easier to live even if it's still not easy. Choose your best option.

@bunjijumper5345

3 ай бұрын

But, someone apparently can or these places would be empty. Not trying to be rude. I just wonder who these folks are that can afford these places. I am certainly not one of them either. I just wonder where these people must work in order to afford these places.

@keenanlarsen1639

3 ай бұрын

I've never lived anywhere that had $1500 one-bedrooms. There are plenty of places to live for much cheaper.

@misspriss2482

3 ай бұрын

@@mightyhendo9828 It matters because there are cheaper places. The idea that rent isn't affordable anywhere is false. I live in Georgia in a 2 bedroom duplex for $750 a month.

@SpaceRanger187

3 ай бұрын

I'm in the middle of Oklahoma in a small crap town and housing prices have doubled in the past year..

I used to live in NYC. Its the 80s and 90s most other cities were lame. But now there are lots of great more affordable options around the country with great restaurants and culture. More people should vote with their feet and leave NYC.

@nunyabidness3075

3 ай бұрын

A lot of New Yorkers try Houston. A lot do not stick, but many do. I’ve noticed many in finance manage to move here and keep most or all of their income. They either are monetizing their industry connections or working for the same company. Eventually, more and more of the finance companies will move south, much like in tech.

@GreggyMcfly

3 ай бұрын

I actually vote with my wallet like any employer would. So far, I would never hire any of these political figureheads.

@djzrobzombie2813

3 ай бұрын

You lived in NYC because you wanted to hook up with someone... Be honest?!

@rootdoc1997

3 ай бұрын

That is spoken very truthfully. You are right, back in those days the rest of the country and the small cities hadn't developed yet. I have lived in Orlando for almost 30 years and we have everything here that any major big city. The city has pretty much doubled or tripled in size. Yes we have nice restaurants, culture( ballet , symphony, broadway shows. Can you believe it?😃) When I moved here in the late 90s, the people in the big northern cities would make fun of us. Now it is us getting the last laugh. It is almost entertainment now watching the downfall of all these liberal run hell holes

@marcyking461

3 ай бұрын

After last weeks ruling against Trump, I suspect a whole lot of businesses and people will be leaving.

Great job showing different parts of this issue. Many places around the world are seeing people having to live outside

I love your videos. My daughter got me hooked on them. Thank you for all the information.

So who do they think is going to run the stores, restaurants, utilities, hospitals, etc? There are no $100k/$200k cashier/barista/clerks jobs. To meet those numbers, you would need to pay people about $50 an hr and minimum wage isn’t even $20. The trickle down is going to be massive. We need everyone, at every job level -- we NEED them all.

@dawnmoriarty9347

3 ай бұрын

The ugly reality of trickle down economics. It's definitely not money that trickles down unfortunately

@active1508

3 ай бұрын

The "servants" of NYC will be bussed in from 2 hours away in NJ. They will receive their own private lane as to not obstruct the "higher class" it serves. And they WILL like it!

@NirtieDigger

3 ай бұрын

Ai robots

@Joce123

3 ай бұрын

In the news this week there is a political person in California who is suggesting that the minimum wage should be $50 an hour.

@carochan86

3 ай бұрын

Computers and everything will be Amazon to go stores .

“If you can make it here, you can make it anywhere.” No longer applies to the average person. It only applies to the rich.

@paulsukhu

3 ай бұрын

Still true if you interpret “make it” as surviving. Living in any other big US city is much easier compared to NYC.

@cherryivana1129

3 ай бұрын

!!!!!!!

@scottmcshannon6821

3 ай бұрын

most people living in NYC cant make it in NYC, they just cant figure that out.

@25Leprechaun

2 ай бұрын

The oldest lie in America is the American Dream.

Same thing is happening in Mexico City. The price of everything is going up, rents are skyrocketing and dozens of new luxury apartments being built, but barely anyone can afford them.

Loving this content! Thanks!

I live in nyc and I work in tech. When my lease is up, I'm gone. The city has gotten too expensive and there's nothing we get for it. 2500-3500 for a one bedroom that's just paying off the building, and I as a renter get nothing for it. And when I leave, my portion of the taxbase goes with me. The fact of the matter is that existing building owners need to take losses. They got loans for buildings and the true value of those buildings are less than the loan. Sucks. When I, and other middle class leave, nobody is coming behind us to rent these insanely expensive places.

@maverickbull1909

3 ай бұрын

Really?? No one is coming? Tons of people are constantly moving to NYC as they have been for decades… it’s the most popular city in all of USA. A global, cosmopolitan metropolis. No one will care that you’ve left. You’ll be replaced by some other tech yuppie who contributes nothing to society and is grossly overpaid. Come on

@lovequeen7080

3 ай бұрын

Like Mr. T or not, the way they are treating him is unfair and unjust. NY is doomed now

@jimmartin181

3 ай бұрын

John...when you leave, please leave your voting habits there as well.

@appliedengineering4001

3 ай бұрын

Sadly, that's what it take to break this vicious cycle. Same thing is happening in California. All you can really do is just walk away.

@rainnmoon114

3 ай бұрын

Migrants will. And the government is going to pay for them to come in your apartment and get legalized so they can vote Democrat. They all said they're voting for Biden, who had no problems screwing up this country.

Kathy Hochul in 2021: "You're welcome with open arms and we'll work to keep you safe. We'll not only house you, but we'll protect you." Kathy Hochul in 2023: “We have to get the word out, that when you come to New York, you're not going to have more hotel rooms, we don't have capacity. So we have to also message properly that we're at a limit - if you're going to leave your country, go somewhere else.”

@desertlandscapecreations577

3 ай бұрын

Haha..true

@samithesmooth2970

3 ай бұрын

Not a single people with brains want to visit NYC anymore. It is turning into dangerous 3rd world s*ithole in front of our eyes.

@saulgoodman2018

3 ай бұрын

The left are hypocrite's.

@dash1dash2

3 ай бұрын

Yet New Yorkers will gladly vote for her again.

@focusonyou08

3 ай бұрын

Can't fix STUPID 😂😂😂😂

great video. Very well put and factual

Look at ads for "affordable" housing....an income ceiling of just over $225,000 for a family of four with a rent of just under $3000! In whose universe does a family making a quarter of a million dollars need or qualify for subsidized housing?? Shame on the city and shame on the millionaires who take advantage of this. SHAMEFUL.

The concerning trend of some New York residents intentionally choosing homelessness brings to light multifaceted issues. While financial struggles and affordable housing shortages contribute, there's also a growing mental health crisis. Addressing this complex problem requires a comprehensive approach that involves social services, mental health support, and community outreach. Individuals navigating these challenges may benefit from professional guidance, not necessarily from the outset, but as part of a broader strategy to rebuild their lives.

@Churchillhump2268

3 ай бұрын

Indeed, the intentional choice of homelessness underscores systemic problems. It's crucial to tackle the root causes, such as job insecurity and mental health issues, to create sustainable solutions. As the situation evolves, seeking advice from social workers or counselors becomes pivotal. These professionals can offer support tailored to the unique circumstances of those experiencing homelessness in New York.

@Jonesmatsunaga

3 ай бұрын

I completely agree. Having worked with individuals facing similar challenges, I've witnessed the transformative impact of connecting them with advisors specializing in social services. These advisors help navigate available resources, housing assistance programs, and mental health services. It's not just about finding shelter but creating a path towards stability.

@wehrine

3 ай бұрын

Your experience resonates with the complexities of this issue. Could you share more about the role of an advisors in aiding individuals intentionally choosing homelessness and how they approach these situations?

@Jonesmatsunaga

3 ай бұрын

Certainly. An advisors play a crucial role in assessing the unique needs of individuals, connecting them with appropriate resources, and devising personalized plans for long-term stability. They collaborate with mental health professionals, employment services, and housing agencies to address the underlying issues contributing to the choice of homelessness. It's about rebuilding lives step by step.

@Jonesmatsunaga

3 ай бұрын

Someone like Carl Jason Cohen

With truckers talking about refusing to take loads to NYC, good luck eating in NYC.

@countrylady3815

3 ай бұрын

Sad part, many truckers won't deliver to the entire state now. Upstate has nothing to do with the city.

@alwhitney68

3 ай бұрын

Yep, they are just hurting there own people.. familys. Not to bright, truckers are as dumb as a stump!

@jakeek1946

3 ай бұрын

LOL plenty of non Trumpanzee truckers. 75% of the country does not like Trump. So more money for them and less for them. It's called CAPITALISM!

@lovequeen7080

3 ай бұрын

@Thedrickx Well I guess they should have thought that thru a little better on how they treated Mr. T

@drowningin

3 ай бұрын

That ruling is going to make developers scared to build in NYC. You mean it’s illegal to take a loan, and pay it back now? Hahahahaha NYC is so fkd

another great video,thx from uk

crazy good editing

NYC was NEVER affordable for the middle class except for rent controlled apartments which were extremely scarce

@denverdubois5835

3 ай бұрын

That's not true, actually. Do your homework.

@findingkelly

3 ай бұрын

No, the rent prices skyrocketed after 9/11 because the Manhattan folks moved into Brooklyn. Then, the trust fund brigade moved in via gentrification and pushed everyone else out but back in the day around 1998-1999, you could buy a brownstone for $10k.

@nopenope6743

3 ай бұрын

Why not you watch the pure of happiness ft by will smith base on true story

@jordanross3290

3 ай бұрын

@@findingkelly brownstones were 100k in 1970. They were never 10k…

@Nycist

3 ай бұрын

It’s simple supply and demand. It’s not just NY. The same thing is happening around the country. Nashville, Atlanta, Dallas, Tampa are all experiencing this. People that want their money to go farther are leaving the north and Cali, moving to the South where they can get more for their money. In turn it is driving up the prices of houses and rentals in the localities mentioned above. Now housing is very unaffordable for the median income in these places.

The mentality in Housing seems to have become " If You Can't Afford it ? I Have Someone Who Can " . Because this Unaffordability Crisis is everywhere in America not just New York .

@juannaym8488

3 ай бұрын

It's not even anymore about having someone who is wealthy enough to afford living there. Housing has become an asset like a stock, investors buy it without the intention to live there, but to rent it short to mid term and to sell it to the next investor because housing prices constantly climb

@harryballsacky

3 ай бұрын

NOT WHERE I LIVE IN NC....

@mr.g4099

3 ай бұрын

Almost makes you think where are those people who can are coming from, huh.

@jasoncrandall

3 ай бұрын

Your inability to afford it isn’t a Crisis.

@yugiohfanatic1964

3 ай бұрын

@@juannaym8488you have just defined an economic bubble, just like 2008

In Sao Paulo, lots of building in downtown are going through a "retrofit" and the majority of them used to be commercial buildings, now being converted to residential.

The affordable housing component of 421a was non-binding! Some luxury buildings in Williamsburg got tax breaks on a promise of putting in affordable units and literally inserted 1. The city needs to stop giving out freebies to rich developers and make affordable housing compulsory for new construction. Also they need to stop letting the insanely weathly park their $$ in vacant apts. These folks don't pay taxes, don't care about the community, create ghost towns and inflate the luxury market to appear more in demand-- spurning on more construction of luxury developments. I literally have 10 luxury towers being built on my block!! 6 more are in the pipeline. Less than 1/8th of these new units are affordable. Its nuts.

Someone told me to keep an eye on New York City, that what happens there is what will soon happen in other cities across the country. Cash, you break down the politics in a way that's easy for me to understand. Keep going with your videos.

@andergarcia4953

3 ай бұрын

Its not rocket science. The exact same thing happened to La,san fran and other cities AROUND THE WORLD

@doumkatekz

3 ай бұрын

already is

I work in finance, and after living in nyc for a few months (on the company's dime) it was enough for me to never move back.

@dr.strangelove5708

3 ай бұрын

Oh wow and that is coming from someone who has money, imagine how it would be without it.

@boom2055

3 ай бұрын

​@@dr.strangelove5708 I wouldn't say I have money. Working on a salaried job is still makes me a laborer. With the insane taxes and cost of living in NY, it's hard to save money and build equity in a home. The people i know who likes NY, only likes it because their friends are in NY. Luckily i don't have that problem.

@amandacimarossa5214

3 ай бұрын

​@@boom2055i see people who are like that to indianapolis since im not far from there my brother is like that he doesnt want to leave no matter how much of a shithole it is my dad is the same with the city he lives in its wild the loyalty to shitholes people seem to have just because of people as if you cant drive there and still live a reasonable 30 mins away

Former Manhattanite and Brooklyn Boy here. This is a video about Manhattan, not any of the other 4 burroughs where all but 1.6 million of the 8 million plus people live. And it's really about the most expensive neighborhood. You don't need 6 figures to live comfortably in Manhattan. Did it for years in Washington Heights.

The easiest way to fix this issue is to make owners of rental apartments pay additional taxes each month an apartment is vacant. That way it no longer is profitable to let apartments be empty until someone dumb enough comes by to pay insane rents. As a result empty apartment cost more money then filled apartments can make up for and rent needs to be lowered to get them filled by people that can afford the lower rent.

@Itsallover57

2 ай бұрын

And then they just say that apartment is an office space or a storage space or some other classification. Then what?

@AurediumRiptide

2 ай бұрын

​@@Itsallover57There are ways to legally make that difficult to use as a loophole as rezoning requires the approval of the city. You can force high fees for rezoning, you can force active use of the new zone and you can prevent it from being rezoned to an apartment again. The reason for having it as an expensive apartment is because it is cheap to let it be empty and profitable when rented. With such new rules that no longer is possible. Also - the city would earn a bundle of it since empty apartment would mean increase profit for the city.

I had to move out of NYC- got a pretty high paying job straight out of college and was still giving about 50% of my paycheck straight to rent, wasn't sustainable- found an even better paying job in Philly and have been here ever since, love it

@hanbunz

3 ай бұрын

Guhhhh don't tempt me 🥲

@hanbunz

3 ай бұрын

Happy for you though lol

@kellywade8275

3 ай бұрын

If you had a high paying job, you could have lived in a cheaper place like East River Housing Coop. You most likely have expensive taste and still lived above your fortunate means.

@quiksix25

3 ай бұрын

@@kellywade8275 It wasn't that nice, it was definitely expensive though- and in the 5 years since I left rent has only gotten worse

@JoJo-vi6xx

3 ай бұрын

I’m coming babe

You're doing good work. People to need to wake up to what's happening and not just in NY but around the world.

@M4TTYN

3 ай бұрын

But the crime in America is a US exclusive type. my job gets those from all over who ask "why is things locked" and genuinely mean it. then when i act cautious for those dumb enough to say "i'll try to steal x item" and i get called out my name which happens too often! I like it when non americans are in they know how to act, and i don't gotta watch them i know who i must and it's *ALWAYS THEM!* of which saying "i watch black people more" of course ain't go well to i get called racist to having to jump head first into danger to stop theft isn't in my job description should be tasked to someone else!

@Dontrolling

3 ай бұрын

People also need to know when to move, so many people remain stagnant even when their cost of living exceeds their income and it’s ridiculous. Go to a cheaper state. Going homeless because you have too much pride for your city is honestly embarrassing and I don’t feel bad for people who put themselves in that position and beg for sympathy. People need to make smarter decisions with their time and money. So many people complain about how they have to work 60-80 hours just to live there when could move somewhere else and get better incentives with less hours. At some point it comes down to common sense. Also people don’t realize that the more people that come into the city is the reason for an increase in price. The more people that leave, the lower the prices will get. This is basic supply and demand. This is why it’s important to be educated and learn economics and accounting.

@enigma4649

3 ай бұрын

@@Dontrolling It's not just in big cities. You can move to a smaller place and make a smaller paycheck but homes are expensive everywhere you go. I live in a big town and rents are still ridiculous. It doesn't reflect average earnings at all.

@we8608

3 ай бұрын

Ikr. It's like wtf is going on and why does it seem like most people will fight everyone except the leaders, corporations, oligarchs, and monarchs? I don't get it.

@backagain5216

3 ай бұрын

@@enigma4649You are both right. It’s extremely expensive all over the world. 22 years ago I had a custom built small house that I mortgaged for $116 000. Today it would go for over 400k but then I couldn’t get anything else.

THANK YOU!!!🙆🏾 FINALLY SOMEBODY SAID IT OUT LOUD!!!😤 SAME HERE!!! SF, CA🙋🏾🌉

Its actually easier to build apartments inside abandoned warehouses than inside offices. Though if they have high ceilings, you can solve some of the piping/wiring issues by building a false floor and running conduits and pipes below it on what has become the sub-floor. But air and light are a real issue. Unless you have a way to solve those, you are going to be in trouble. The nice thing about warehouses is that they are just open space. First, its easier to "core" them if you want to go that route. Second, they don't have a lot of existing infrastructure built. I've seen "conversions" that are really just the open space divided into huge open areas. Utilities are delivered via a core shaft, usually with a freight elevator that can lift a car (or two) up to your floor space and internal parking area. Then the rest of the space is yours to build out as you see fit. Minimal development investment ... but also not "affordable" housing either. Though you might be able to get them into a reasonable level for middle-class and upper-middle class earners in NYC. But in reality I think NYC is just in serious trouble. It is dying because the Urban Model is dying. Most of your "working" class are moving not just to suburbs, but to small-town America in different states because almost any office job can now be done from your spare bedroom / home office. So why pay $5000/mo for a 2-bedroom apartment with no room when you can have a 2000 sq foot, 3 bed/2 bath house with a 1/4 acre lot in a no-crime small town instead? And then there's the whole matter of the recent ruling against Trump. How do you expect to attract real-estate development when you have proven that your legal system will destroy any developer they dislike by simply declaring their valuations to be fraudulent? Even if the banks and everyone else were OK with it at the time? Good luck with that, NYC.

When I lived in Cali, and I felt like I was sacrificing my standard of living from the ridiculous rent prices, I moved to another state.

@AK255.

3 ай бұрын

your problems are not ours! bye!

@katydid2877

3 ай бұрын

@@AK255. If the rent prices in NYC aren’t ridiculous why do people complain, want “affordables” built, want the government to use taxpayer dollars to subsidize the rent. Why can’t they just leave?

@sallycoo5527

3 ай бұрын

@@katydid2877 gov policies sometime backfires and drive up prices even more which takes decades. Also this is more related to population density problem where demand out pace the supply. The reality is not everyone is entitle to live in city centers. CA is known for high wage, zoning laws, and bunch of permits that drives up prices and compound that for 20 years then you get a real issue.

@eagle25311

3 ай бұрын

Make sure you don't keep voting ignorant and turn wherever you moved to into a craphole as well.

@TheBlinky81

3 ай бұрын

@@katydid2877”why can’t they just leave?” - not everyone is as lucky as you are. Some people have job and family obligations. There are so many reasons that prevent one from moving.

I do not live in New York, but I watch your channel everyday. Really good information and you show all sides of the issues.

@eric106071

3 ай бұрын

Samesies

@duallove6909

3 ай бұрын

I’m not even in the USA, and not even planning to visit, yet here I am watching vividly!

@M4TTYN

3 ай бұрын

Lucky, i do and it's horrible. i'm kinda in the area's used a b-roll to see loads of sky high buildings prob mostly hotels but i can't even tell! then my job is a mess with too many thieves from mainly homeless then worst those who just think it's cool to steal. And i was hit from someone who legit gave me a reason to suspect him of stealing, and no one fears the NYPD to calling 911 i got ghosted when a crazy guy caused a scene and disrupted business my co-worker was virtually no back up i could have died! as i have had knifed drawn on me too!

@AnneALias

3 ай бұрын

Lol if you think this is "all sides" of the issues. You're so delusional

@monkeywrench1290

3 ай бұрын

as a french,i find this nightmarish

I'm a Canadian, love watching these videos. I grew up watching the original Equalizer and I always wondered how much actual apartments in New York cost in the 1980's compared to the outrageous rents now? I tried to get information by google but the only thing I found was the building that John Lennon was shot outside of.

I'm born and raised in Queens and my dad had the hook up with the electricians union that helped him have a rent stabilized apartment. He's since moved to Denver but I still live in Queens with my sisters in the same apartment I've lived in for 25 years. But I recognize that my luck is not the norm in this city. It's completely out of control.

It's not just NY. From 2021 to 2023 my rent went up 62% and I am in Salt Lake City. And we are building like crazy to meet the housing market. But one third of all of the buildings are not full because they cost too much. 🤦‍♀️

@r.d.9399

3 ай бұрын

Greed and you have to deal with the locust Californians

@ahuras238

3 ай бұрын

Printing out new money devalued the purchasing power of the dollar, and handing out low interest covid loans that were misused to buy property had a large part in the nationwide price spike.

@nunyabidness3075

3 ай бұрын

If that’s true, it’s self correcting. Only commercial property will not correct (because of how we have messed up our banks). Residential always corrects because so many homes are owned by different people. It corrects slowly though because of affordable housing programs going back a century. I blame Woodrow Wilson.

@scorpionwarrior9179

3 ай бұрын

Yesterday, I saw that Utah is becoming a sovereign state whilst taking the government to Supreme Court. I fully support, mad respect!!

@tictocbang7443

3 ай бұрын

The #1 economy in the country keeps them coming

In the 1960s a residential home builder in my area built hundreds of modest, affordable new houses for the families of working class/middle class people. I grew up in one. Today, that man's grandson is also a home builder. However, he's not exactly carrying on grandpa's tradition. Instead, he builds only homes that start at $3.5 million located inside exclusive gated communities with private security etc. Today's working/middle class in this area struggle just to rent apartments. Yep, there's a whole different focus in this country today. I dont think these changes happen by accident.

@user-ri4qk1xy3c

3 ай бұрын

It’s called capitalism and it’s ruined everything, that builder only cares about how to make the most money.

@castorchua

3 ай бұрын

Unfettered capitalism. Is America the best country in the world? Not by a long shot... Any Scandinavian country ranks higher. Canada generally ranks higher. If you want to be better, simply reign in the policies of "greed is good".

@danenagai1157

3 ай бұрын

​@@castorchua I'm Canadian and I can tell you that we are going through the exact same problems as you guys are across the border.

@telescopicS627

3 ай бұрын

@@castorchua We don't have capitalism in America anymore. We suffer from overregulation of housing. It costs tens of thousands of dollars just to get permission to build, and with permit fees so high and restrictions so onerous, builders naturally focus on upscale housing to maximize profits.

I was born in NY. Lived there until I was 18. Living in NY is not a choice for so many people there (for those suggesting to just move). When you’re getting bled dry of every penny you have, it’s a trap. You’re just trapped, it’s hard to put together even 1000 dollars for just a portion of your rent, imagine trying to put together thousands of dollars to move to another place or state. It’s very very costly without help of family and friends. It’s just not as simple as “MoVe OuT tHeN” or “iT’s A cHoIcE”. Please make use of more brain cells, it’s never as simple as just leave, for the love of God. I’m just saying, I don’t wanna debate. Every point can have a certain amount of validity. I.e I’m not reading comments.

Your videos are awesome.

I'm a doorman in Chelsea. 10 blocks from Hudson yards . The 2 bedrooms go for $8000 - $10,000 a month. The 3 bedroom is $12,000 . We haven't had studios available at my job since summer and those go for about $4000 a month

@rain73ful

3 ай бұрын

That's insane! What ever happened to rent controlled apartments? I guess sneaky and heartless landlords can bypass them.

@timgreenglass

3 ай бұрын

2 find one of those you have to wake up early, study the obituaries, and then be prepared to bribe someone...@@rain73ful

@grandcanyon2

3 ай бұрын

insane i know some buildings have agreements with unions, so the porters and handymans can live in the buildings they work for 50 percent off rent and utilities. But even then if your making 28 a hour, even a studio/one bed room at 2100 a month is alot.

@maverickbull1909

3 ай бұрын

Exactly… there are a lot of rich people in the world and they will pay those prices.

@JohnSmith-ho3cu

3 ай бұрын

As a doorman, do you sleep in your car in the parking garage?

Finding jobs that pay enough to be able to afford a place to stay but also with prices of everything is going up its insane. Sometimes I want to give up because it feels hopeless. It's no such thing as a middle class anymore.

@mitchdegrace2040

3 ай бұрын

As planned

@mrspeakman4021

3 ай бұрын

They will keep flooding the first world nations with migrants, what happens is this will drive up the cost of everything and they will be paid for through tax money. It is a way for them to take the wealth from the working population and create a population dependant on government. Communism is taking over, and everyone will be poor because they are going to give it all away to migrants.

@redfox4561

3 ай бұрын

I've already given up...I'd rather waste away then bust my ass at some job that doesn't pay enough just to make some rich pos richer and getting absolutely nowhere for myself no matter how hard I work...it's really such a joke I don't understand why the only protests or riots I see are about idiotic nonsense and not about the abysmal quality of living.

@mrspeakman4021

3 ай бұрын

@@redfox4561 Hang in there RedFox, change is coming, people will get fed up eventually where they get pushed over the edge.

@user-or6yn8pm3c

3 ай бұрын

NYC was never designed for the middle class.

Really excellent video. ❤

Remember Cash when you could post about places? Now you’re posting about people and this city we use to love. Thank you for keeping us updated!!

A lot of New Yorkers moved to New Jersey running the rents and home prices sky high. I have a relative in the central part of the state and all the open fields are gone and are now condo farms. Property taxes sky rocketed.

@rubywedderburn9487

3 ай бұрын

Sadly that's the case 😢

@dominator1217

3 ай бұрын

Central Jerseyan here. Studios in this area only go for a minimum of 1500. 4 years ago they were less than 1000. I work 2 jobs and I still can’t get off my feet here.

@grandcanyon2

3 ай бұрын

yeh check on apartment sites the rent is literally 20-30 percent cheaper in new jersy.

@AQuietNight

3 ай бұрын

@@grandcanyon2 With that savings getting chewed up with commuting costs if you work in New York City. I lived in New Jersey when the first wave of New Yorkers started moving into the state decades ago. Rents started rising then. The spread between New York rents and New Jersey rents started to shrink.

@JosePerez-zr4sp

3 ай бұрын

I just moved to Harrison from Queens. I pay 1500 for a one bedroom

It's a similar situation in London (albeit with more decades of intentional centralisation of all investment and government spending on one city to the detriment of the rest of the country) - it's why when the pandemic hit and people started working from home, many under 40 started moving out to places in the Midlands and South West, and are fighting demands to return to London (when their jobs can be done remotely) as even with the loss of "London Weighting" (a £4,000 bonus for working there) the cost of living is so much lower elsewhere they net gain from avoiding the city.

@djzrobzombie2813

3 ай бұрын

Ahh London the stabbing Capitol of the world

@EkoFranko

3 ай бұрын

My father (he is Russian) bought a lot of properties in London during in the end of 90s and during 00s. And now I don't need to work hard a single day of my life. Thank you, London.

@djzrobzombie2813

3 ай бұрын

@@EkoFranko how is the crime now a days in London ?

@eavyeavy2864

3 ай бұрын

Russian money was nice but eu side with usa

@andrewvincent9739

3 ай бұрын

We think are NIMBYS are insane in the US, the ones you have in the UK are even crazier 😂.

Great coverage Cash. But you forgot to mention a key fact about the developer tax-break incentive program. Yes, to not pay taxes for 30 years (I believe) the landlords had to include a small number of "affordable" apartments (the rents were not low but reasonable in comparison to the astronomical "luxury" units). The bad thing about these affordable apartments was that after 15 years, the "affordable rate" tenant was required to move out and the unit would revert to the much higher rate. When the "affordable" tenants moved on the landlord still paid no taxes for 15 years. That's why there have been many of these luxury buildings (perhaps more in the boroughs) that when they ran into problems renting them out, ended up empty for 10 years or more. The landlords were paying no taxes so they decided it was better to wait to find a way to charge through the nose than than to rent them out at reasonable rents.

@ellacobb6872

3 ай бұрын

Excellent information, thank you.

A few blocks from my place in Brooklyn by Ave H, you can rent a room for $ 1300 per month. Crazy.... Also 2 floors 4 bedrooms in private house by prospect park cost 12000$ after renovation per month!!!!!

This is happening in Philly. They are building these giant apartment buildings with outrageous rents. They are also buying up row homes at $200k or less, renovating them, dividing them in to 3 rentals at $2K each per month or more. Not only are they driving out family homes, but they are potentially bringing in a lot more cars that the city cannot already manage due to lack of parking. We won’t even talk about the tax increases to homeowners to the point that when they get too old and can no longer afford the taxes they are forced to sell - to go where….? Something needs to give or there will be a lot more people living on the sidewalks.

@lah-tee5412

3 ай бұрын

It’s happening in my small midwestern town as well. It’s by design but it’s weird to see it happening in real time. Just the last few years have held massive changes. The future is bleak unless we can take our country back from the criminals. 😣

@jessicamarie5048

3 ай бұрын

This is a LIE I work for the City. We are building plenty of affordable apartments all around the city. Please research PHDC or PHA

@pristinabread

3 ай бұрын

@@jessicamarie5048 How bold of you to call me a liar. So, you use the internet to bully people do you? Your mother must be proud.

@Joce123

3 ай бұрын

​@@lah-tee5412What Midwestern town?

@s.m.lambert5170

3 ай бұрын

You are speaking truth. These NY migrants are messing up Philly

I gave up my tiny rent stabilized NYC apartment to get married, and I will never be able to afford living there again. And of course I got divorced. My friends still there have had their apartments for several decades and they’re rent controlled. Otherwise no one EXCEPT MIGRANTS and rich people can live there. I miss it, but it’s changed so much.

What they do in my metro area is go to the outside of town where there is a Forrest or field and build a giant apartment complex. 1-3 stories with nice things(jogging trails, pools, tennis courts, libraries, water features, children's parks, dog parks, party rooms, etc) people like it.

Oh yeah. its by design.

@dertythegrower

3 ай бұрын

WEF wrote a book.. everyone has heard of klaus, except for Joe fans

@peppermeat8059

3 ай бұрын

wat@@dertythegrower

I moved to NY for a great job, and was so exited to live in Manhattan. It was….not what I expected. I quit my job after about 9 months and moved back to the DC area. I have no idea why anyone would want to live there full-time. It’s a busted piss-pot.

@VisceralCarbon

3 ай бұрын

Sorry about that, the city used to be a better place in the late 90s to mid 2000s I remember.

@marksellinger3736

3 ай бұрын

Whats most scary is that DC is better than NYC.

@prague7706

3 ай бұрын

@@VisceralCarbonyup, it used to be great. Something for everyone. Now it sucks.

@mstyles2667

3 ай бұрын

Yes it was an amazingly fun and fantastic to live, work and play@@VisceralCarbon

@escapetherace1943

3 ай бұрын

the good food. that's about all NY still has 🤣

Makes more sense to use vacant offices as storage facilities or stores than housing units.

I moved to a small town in VA, and pay $1200 for a 3 bedroom house. Never been happier. Unfortunately, I have a feeling this problem is going to start spreading beyond the major cities. In Fairfax alone rent is close to $2000 a month for a single bedroom apartment!

6,000 a month to get an apartment. . I pay under $1,000 a month for mortgage for a whole 3 bedroom house. Why anyone would want to live in New York and pay those high prices

@sethsethmore

3 ай бұрын

I'm with you my mortgage is way cheaper than these apartments

@djzrobzombie2813

3 ай бұрын

They want to hook up that's why

@maverickbull1909

3 ай бұрын

A million reasons to live in NYC. You have a mortgage. Many people can’t get that. You also didn’t mention your age. Old boomers don’t have to deal with the economic realities of millennials and gen z. Your homes cost 200k. The same house now is 500k. You didn’t mention where you live. Sure, you can get a cheap place is Lametown, USA. Why would you? People who want to live in NYC want the world at their fingertips. Your town probably has 1 Walmart and a McDonald’s. That’s not everyone’s dream.

@U.S.A..

3 ай бұрын

@@maverickbull1909 I am 27 year old . I got a mortgage on my house when I was 25 . By the time I am 45 my mortgage will be paid off and I will owe my home .

@maverickbull1909

3 ай бұрын

@@U.S.A.. and do you think that is typical of literally anyone? You’re 27 with the ability to buy a house 2 years ago at the top of the market when homes have never been more overvalued? And yet you’re looking down on the rest of the population? Get lost

I’m in real estate and just consulted a Japanese expat via zoom, told him to expect to pay at least $4000 per month for a studio apartment at doorman building in NYC

@DogSpeak

3 ай бұрын

Be careful. The state can strip you of your investments in NY through lawfare.

@brookeceron8091

3 ай бұрын

Would you still invest after what the state of NY just did to Trump? Politics aside of course.

@bunjijumper5345

3 ай бұрын

No one can see past politics anymore.@@brookeceron8091

@jakeek1946

3 ай бұрын

@@brookeceron8091 Yes because what Trump did isn't investment. It's breaking the law. And ofcourse when the government can get 500 million in fines, they're going to target them not someone who steals 50 dollars! It's call catching the BIG FISH!

@wussup12345

3 ай бұрын

@@brookeceron8091yeah, I don’t really give a fuck about politics I just wanna make money. The pope could become president for all I care

I want to just listen to the video, but your style is just too good!

Great video Jordan: The answer to this problem is to put a government freeze on housing asking increase pricing to make it more affordable for homeowners looking to buy. Including government sanctioned rental freezes which doesn't allow for Leasor, nor landlord gouging on rentals. Government needs to step up and put its foot down and impose stringent fines on any Leasor, homeowner or landlord caught price gouging. The government also needs to create a list of potential screened tenants who meet the requirements for affordable housing and see, which rentals are still vacant in N.Y.C. Candidates meeting the rental requirements will then be given safe, clean, comfortable affordable available housing at the bequest of the government's rental mandates. If N.Y.C. doesn't start working with government Manhattan and New York city will become a deserted city. An hour from where I live is a city nicknamed little Manhattan and they are following in Manhattan's footsteps, this once beautiful, picturesque city is becoming a ghost town. Due to severe inflation, overpriced rentals, including housing and a very high cost of living. Both businesses and residents are relocating to more affordable neighborhoods and states to live and work. -Happy trails.

I find it weird that according to the Census bureau, NYC lost so many people between 2020 and 2023 and is one of the fastest shrinking cities in the country…. Yet the housing crisis somehow got worse than before the pandemic? How is that possible though?

@neanam

3 ай бұрын

All the low-ball people left....

@Alex-cw3rz

3 ай бұрын

1. A huge transfer of wealth to the rich and the rich will put that money in the stock market, off shore or housing. 2. Greed of landlords and developers

@MarylandGuy-ey3st

3 ай бұрын

Illegal aliens

@SoloMarcoPolo

3 ай бұрын

Illegal immigrants

@Alex-cw3rz

3 ай бұрын

@@SoloMarcoPolo how nieve can you get

Now, in 2024, developers are scared they could get sued for fraud even if they pay the banks with interest. Some refuse to build.

@UniqueBreakfastTaco

3 ай бұрын

that decision is gonna have massive repercussions over time.

I live in a 4 bedroom home in a middle class neighborhood in southern California near Temecula and pay $2200 per month.

@rickwaller9421

3 ай бұрын

relatively cheap for SoCal and it's a shame to say this

you can put a raised floor for pluming, heating etc and more

As a teacher in a private school in Brooklyn, I couldn’t afford the shared rent in an apartment in the West Village in 1971. A great video!

@maverickbull1909

3 ай бұрын

Well duh you’re a teacher?

@denverdubois5835

3 ай бұрын

To be fair, teachers (my Dad was one) have never made even marginally reasonable salaries until fairly recently. And private school salaries--which one might think would be better than public schools--actually aren't. My Dad always stuck to public school work because he needed to support his family and private school jobs didn't pay enough.

@DailyRants89

3 ай бұрын

@@maverickbull1909and you don’t see the problem with this?

I never understood how people could afford NYC.....even vacationing there it was incredibly expensive. Good luck to everyone who is sticking it out!

@atrailmckinley4786

3 ай бұрын

Not everyone lives in Manhattan. The outer boroughs are generally cheaper to live in than just living in Manhattan

@smoothlyrough512

3 ай бұрын

Good luck? ONLY the morons are the ones staying

@NYPATRIOTBX

3 ай бұрын

People want to live in the trendy places of NYC and don’t want to live where the cost of living is cheaper.

@splinter357d6

3 ай бұрын

We get paid much more

@darleneaitken1620

3 ай бұрын

How much cheaper?​@@NYPATRIOTBX

some trickery with the audio recording there. pretty cool

Change laws on converting office buildings. Housing is better than no home

It's not just NY it's everywhere!

@annjames1837

3 ай бұрын

That's because the blue state invaders are swarming the red states. Which causes the red states to become unaffordable

@crimeshaveconsequences4268

3 ай бұрын

No sanctuary cities are completely different laws for migrants. We in TX DO NOT give them any places to live. So they get sent to other states

@everythingscorrupt

3 ай бұрын

@crimeshaveconsequences4268 don't matter they are everywhere and more coming. I was referring to building in my comment btw but I get you.

I pay nothing for rent. I own my house. Small town, middle America. Smile on my face.

@thorsonofodin3210

3 ай бұрын

Try That In a Small Town 😂😂😂😂😂

Im traveling to US in April for vacation. Was supposed to visit NYC for 3 days, then go to Miami, New Orleans and then the West Coast. When I checked the prices for accomodation in NYC I've decided to skip it alltogether. It's insane. And I'm not even talking about Manhattan, I was ready to sleep somewhere within 20-30 min subway ride. But even that was like 200$ per night in a pretty sub-par Airbnb... Im not comming from a low-earning country. I live and earn in Bavaria, Germany and I think my income here is considered pretty high for Europe in general. If I can't really afford to visit NYC for 2-3 nights, who is left willing to pay that much?

Transport would help a lot. A lot a major cities like london and Paris have done this and it has made a difference. Though the price or rent will always be high as the demand to live close to the center of a city where all of the amenity are make people fight to get housing. London has this issue and it caused HMO's to be a huge issue. So living with 5 or more people is very common

Hey man, be safe out there. NY has become so dangerous. Thanks for the updates.