NYC apartment vacancies hit highest number in over 10 years

[Thinker101]

New Yorkers are still fleeing the city during the COVID-19 crisis — with a record 16,000 apartments sitting empty despite some of the lowest rent prices in years. Inventory in Manhattan peaked at 16,145 last month, more than three times higher than a year ago.

So what is the cause, Cuomo, de Blasio, BLM riots, painting BLM on the street?

Manhattan apartment vacancies hit highest number in over a decade

 

[Viktor]

New Yorkers are still fleeing the city during the COVID-19 crisis — with a record 16,000 apartments sitting empty despite some of the lowest rent prices in years. Inventory in Manhattan peaked at 16,145 last month, more than three times higher than a year ago.

So what is the cause, Cuomo, de Blasio, BLM riots, painting BLM on the street?

Manhattan apartment vacancies hit highest number in over a decade

It's Di Blasio. He does nothing about crime and badmouths the cops. People are scared.

 

[rightwinger]

Maybe it will drive the rents down

 

[JimBowie1958]

Wow, New York, another city I could not give a flying a fart about.

New York can piss off and die too.

 

[Thinker101]

Maybe it will drive the rents down

Which part of "despite some of the lowest rent prices in years" is difficult for you to understand?

 

[candycorn]

Wow...Trump did a shitty job.

 

[rightwinger]

Maybe it will drive the rents down

Which part of "despite some of the lowest rent prices in years" is difficult for you to understand?

It is a market correction that is long overdue.
Once COVID is over, NYC will be a draw again and apartments will be in demand again

 

[rightwinger]

Wow, New York, another city I could not give a flying a fart about.

New York can piss off and die too.

Best city in the US by far and one of the top cities in the world

 

[Jimmy_Chitwood]

New Yorkers are still fleeing the city during the COVID-19 crisis — with a record 16,000 apartments sitting empty despite some of the lowest rent prices in years. Inventory in Manhattan peaked at 16,145 last month, more than three times higher than a year ago.

So what is the cause, Cuomo, de Blasio, BLM riots, painting BLM on the street?

Manhattan apartment vacancies hit highest number in over a decade

It is a shIthole city anyway.

Yuck....

 

[Jimmy_Chitwood]

Wow...Trump did a shitty job.

He sure has you TDS / TOCD monotonically increasing.

Upward slopping to the right.

Such fun to watch.

Carry on cuppycakes.

 

[DGS49]

So, when I visited NYC a little over a year ago, the often-mentioned standard rent in a neighborhood in Manhattan where you would want to live was $3,500/month for a legitimate one-bedroom apartment. That is, one bedroom, living area, kitchenette, and full bath. I see that that's down to a little over $3,000 now.

This number has to be taken with the consideration that A CAR IS NOT NEEDED if you live in Manhattan...seriously. It is a burden.

Still, it is an insane amount of money when you look at what you could buy someplace else with that monthly payment.

 

[harmonica]

all of the above....Dems/blacks/black policies turn communities into shitholes--just like Africa

 

[Jimmy_Chitwood]

So, when I visited NYC a little over a year ago, the often-mentioned standard rent in a neighborhood in Manhattan where you would want to live was $3,500/month for a legitimate one-bedroom apartment. That is, one bedroom, living area, kitchenette, and full bath. I wonder how much that apartment would rent for now.

For the publicly schooled leftists:

That is 42,000 $ / year for rent of a one bedroom apartment.
No equity being built by the tenant.


Ah the joys of city living.

* snicker *

 

[Viktor]

Wow, New York, another city I could not give a flying a fart about.

New York can piss off and die too.

The big cities on the East Coast are all shitholes. Philly, NY, Boston, Baltimore, Hartford.

 

[JimBowie1958]

The big cities on the East Coast are all shitholes. Philly, NY, Boston, Baltimore, Hartford.

And people are final;y abandoning them spreading their liberalism disease like a pandemic.

 

[Turtlesoup]

New Yorkers are still fleeing the city during the COVID-19 crisis — with a record 16,000 apartments sitting empty despite some of the lowest rent prices in years. Inventory in Manhattan peaked at 16,145 last month, more than three times higher than a year ago.

So what is the cause, Cuomo, de Blasio, BLM riots, painting BLM on the street?

Manhattan apartment vacancies hit highest number in over a decade

Lock downs---------------and being able to work from home and not on wall street. As soon as the lock downs started, New Yorkers fled the city not caring if they had and were spreading the virus because they didn't want to suffer the lock downs.........being able to work from home allowed them to make money and not have to be on location to do so------------and well Wall Street is all giddy because they have figured out that they don't have to be in New York to make their money. That they could be in florida or Tennessee not paying state income taxes, bourrough taxes, or city taxes, and buy more home with the money, and still make their money---hedge funds are leaving New york--------so ergo new york is dead----it will never return to way it was. New yOrkers are buying homes in Florida like it is cool with no intention of ever going back---without the big money makers in New York--the waitress's and others that serviced them won't have jobs either. New York is on its way to become detroit. We are seeing major population shifts from the northern dem control cities to the south.

 

[Jimmy_Chitwood]

Wow, New York, another city I could not give a flying a fart about.

New York can piss off and die too.

Best city in the US by far and one of the top cities in the world

Pligger Nease:

 

[Kondor3]

Although I'm a (very) reluctant registered (D), and although I voted (D) on Nov 3rd to get rid of the existential threat to American democracy...

I have zero love for the "faithful" amongst (D)s nor a lot of their policies and behaviors nor their failed urban plantations...

Another beautiful Northern city gone to $hit over the decades as more and more non-whites take over neighborhoods and sheepishly supply the votes in those cesspools...

What White folk - or educated, middle-class or beyond non-white folk... want to live in such $hithole$ anymore?

Especially in this new age of Telework, where you can live on the other side of the planet and still work 'downtown'?

What we're seeing now is the light-bulb going-on over the heads of the remaining White minority, indicating that it's time to join the rest of the Whites out in the burbs...

Pretty soon... broadly speaking... there'll be nobody left but poor Blacks, poor Hispanics, and a handful of Wiggers who stopped being White eons ago...

The Great Migration was the final volley of the Civil War... and the South won that round... wrecking Northern cities... even if that demolition took a generation or two...

 

[Thinker101]

New Yorkers are still fleeing the city during the COVID-19 crisis — with a record 16,000 apartments sitting empty despite some of the lowest rent prices in years. Inventory in Manhattan peaked at 16,145 last month, more than three times higher than a year ago.

So what is the cause, Cuomo, de Blasio, BLM riots, painting BLM on the street?

Manhattan apartment vacancies hit highest number in over a decade

Lock downs---------------and being able to work from home and not on wall street. As soon as the lock downs started, New Yorkers fled the city not caring if they had and were spreading the virus because they didn't want to suffer the lock downs.........being able to work from home allowed them to make money and not have to be on location to do so------------and well Wall Street is all giddy because they have figured out that they don't have to be in New York to make their money. That they could be in florida or Tennessee not paying state income taxes, bourrough taxes, or city taxes, and buy more home with the money, and still make their money---hedge funds are leaving New york--------so ergo new york is dead----it will never return to way it was. New yOrkers are buying homes in Florida like it is cool with no intention of ever going back---without the big money makers in New York--the waitress's and others that serviced them won't have jobs either. New York is on its way to become detroit. We are seeing major population shifts from the northern dem control cities to the south.

Meanwhile you have Deutsche Bank suggesting those that work from home pay an additional 5% tax.

 

[Turtlesoup]

New Yorkers are still fleeing the city during the COVID-19 crisis — with a record 16,000 apartments sitting empty despite some of the lowest rent prices in years. Inventory in Manhattan peaked at 16,145 last month, more than three times higher than a year ago.

So what is the cause, Cuomo, de Blasio, BLM riots, painting BLM on the street?

Manhattan apartment vacancies hit highest number in over a decade

Lock downs---------------and being able to work from home and not on wall street. As soon as the lock downs started, New Yorkers fled the city not caring if they had and were spreading the virus because they didn't want to suffer the lock downs.........being able to work from home allowed them to make money and not have to be on location to do so------------and well Wall Street is all giddy because they have figured out that they don't have to be in New York to make their money. That they could be in florida or Tennessee not paying state income taxes, bourrough taxes, or city taxes, and buy more home with the money, and still make their money---hedge funds are leaving New york--------so ergo new york is dead----it will never return to way it was. New yOrkers are buying homes in Florida like it is cool with no intention of ever going back---without the big money makers in New York--the waitress's and others that serviced them won't have jobs either. New York is on its way to become detroit. We are seeing major population shifts from the northern dem control cities to the south.

Meanwhile you have Deutsche Bank suggesting those that work from home pay an additional 5% tax.

Oh they got all sorts of new TAXES that they are and want to impose---because we all know that NY and the big wigs are all attached and want the workers money still even if they don't live there. NY has an exit tax---for those selling their homes and trying to leave the area. That's right if you sell your home and are leaving the area----NEW YORK has a special ESCAPE FROM NEW YORK TAX FOR YOU. They also are fighting to keep you paying taxes once you have left the state-----if you leave and work in another state, you have to prove that only are you gone from the state but that all your home life has also packed up and moved. So if you leave and your spouse stays behind, you still get to pay New York tax.