NYC Analyst Housing Meltdown

I've been reading all historic forums when it comes to NY housing as I'm searching for apartment starting in January since my current lease is up. Here's the protein: nothing under 2650 if you want anything even remotely liveable let alone updated. Went on a few tours recently. Looked at a few studios for 2100-2200. Got to the bathroom and I turned to the broker and said " I know legally you have to tell me how many people were murdered here. That number is no less than 7." You've never seen anything like it. These places were 50% cheaper in 2019. 

Yes, I know NY housing in general has gone up like 30-40% minimum. To the point where roommate is the first and only option for something safe. If anyone is looking for a roommate starting in January (location indifferent), please drop a comment. Any tips on finding studio for around the 2.1 to 2.2 range would also be greatly appreciated.

22 Comments
 

You're not going to find a nice, renovated studio for $2.1k unless you are open to living in a different borough with a long commute. Even then, last time I checked LIC stuff was still like $3k minimum.

You really need to get roommates, 2 or 3 of them and you will have a ton of options. Even if you can only find 1 roommate you will still do better. Go join the roommate FB groups, there are a ton and sometimes it'll be "there's 3 of us, looking for a 4th to split, already found the apartment"

The roommate situation is nothing new. Don't forget IB salary used to be $85k until last year, so $2k was the hard limit. People still had to have roommates even 5+ years ago

 

Astoria/Jersey City have become my go-to recommendations for affordable and halfway decent. Manhattan is insane. StreetEasy is the best place to find an apartment as well IMO.

Like the unadjusted- only with a little bit extra.
 
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That ruins the ecosystem for the locals my friend. The reason why you see the transplants complaining so much about rents is because they tend to be the folks bouncing around every other year to a new apartment. My parents and neighbors have been in their apartments for almost 15 years at this point so have locked down multi year leases and great relationships with the landlords. 

It is unfortunate for new grads but the 1.3 or so million Manhattan locals would not share this information to the 300k or so transplants or all these places would be even more overrun. A ton of these rent-controlled buildings are rented via word of mouth like my place was. Granted it is a 4th floor walk up but it is almost unimaginable to be paying 1.5k for a 1bedroom in the LES in any apartment let alone a good quality one that would easily rent for 4k if it was not rent controlled. 

 

Maybe someone can create a discord channel for finding housing/ rooms in NYC? 

 

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