4 ms·

The problem is the rent control apartments in NYC skew the data and does make it apple to apple. That is the difficulty here. Rural NY to Rural TX, I will bet a

The problem is the rent control apartments in NYC skew the data and does make it apple to apple. That is the difficulty here. Rural NY to Rural TX, I will bet anytime that Rural TX is cheaper especially in the Rio Grande Valley and West Texas.

BenchRouter 9y ago
> The problem is the rent control apartments in NYC skew the data and does make it apple to apple Last time I checked, rent controlled apartments make up ~1% of housing units in the city, and that number decreases all the time (because the supply of rent controlled apartments is constantly decreasing). So, I think I'd need to see a citation that rent control has any serious effects on NYC housing prices. I'm not saying that 1% couldn't have larger effects, but given the small amount of rent-controlled units I think the burden of proof is on you here. > Rural NY to Rural TX, I will bet anytime that Rural TX is cheaper especially in the Rio Grande Valley and West Texas. Why? I think you have a very different picture in mind of what rural NY looks like. There are a ton of extremely poor towns and cities up near Rochester and Buffalo. Lots and lots of rust belt remnants in the western part of the state that haven't recovered: https://en.wikipedia.org/wiki/Rust_Belt#/media/File:Total_mfctrg_jobs_change_54-02.png https://en.wikipedia.org/wiki/Rust_Belt#/media/File:Total_mf... Maybe it's $50 for a 1 bedroom in west Texas vs. $60 for a 1 bedroom on the outskirts of Hammond NY, but I don't think that's a very meaningful difference.
- extra88 9y ago
  Yes, I was thinking more the Southern Tier for remote New York but Hammond is a good border town example of very un-NYC New York living. My guess is remote parts of Texas are probably still cheaper. It's so big, remote towns can't be bedroom communities, they're less well-regulated so building costs are probably lower, and property taxes are probably lower (less expensive maintenance than in NY weather and they don't take care of their citizens as well).

BenchRouter 9y ago

> The problem is the rent control apartments in NYC skew the data and does make it apple to apple Last time I checked, rent controlled apartments make up ~1% of housing units in the city, and that number decreases all the time (because the supply of rent controlled apartments is constantly decreasing). So, I think I'd need to see a citation that rent control has any serious effects on NYC housing prices. I'm not saying that 1% couldn't have larger effects, but given the small amount of rent-controlled units I think the burden of proof is on you here. > Rural NY to Rural TX, I will bet anytime that Rural TX is cheaper especially in the Rio Grande Valley and West Texas. Why? I think you have a very different picture in mind of what rural NY looks like. There are a ton of extremely poor towns and cities up near Rochester and Buffalo. Lots and lots of rust belt remnants in the western part of the state that haven't recovered: https://en.wikipedia.org/wiki/Rust_Belt#/media/File:Total_mfctrg_jobs_change_54-02.png https://en.wikipedia.org/wiki/Rust_Belt#/media/File:Total_mf... Maybe it's $50 for a 1 bedroom in west Texas vs. $60 for a 1 bedroom on the outskirts of Hammond NY, but I don't think that's a very meaningful difference.

extra88 9y ago
Yes, I was thinking more the Southern Tier for remote New York but Hammond is a good border town example of very un-NYC New York living. My guess is remote parts of Texas are probably still cheaper. It's so big, remote towns can't be bedroom communities, they're less well-regulated so building costs are probably lower, and property taxes are probably lower (less expensive maintenance than in NY weather and they don't take care of their citizens as well).