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It's important to look under the surface of what this is saying. This boils down to an extra 77 dollars per person per year, so basically this amounts to an ext
by zjaffee 8y ago
It's important to look under the surface of what this is saying. This boils down to an extra 77 dollars per person per year, so basically this amounts to an extra 10 dollars per month for any given unit.
- murph-almighty 8y agoJust curious but what's your math here? If you divide by number of people in Manhattan (8.538 million) you get roughly $72.14 per person, but this isn't really accurate since not everyone in Manhattan rents- maybe you're a kid, or you own a co-op, or you're homeless. You'd really need to divide the value by the number of rented units in NYC to figure out the average raise in rents per apartment, and even then that won't draw a perfect picture because many people live with roommates who contribute to rent. I started picking out values from here: https://www1.nyc.gov/assets/rentguidelinesboard/pdf/17HSR.pdf https://www1.nyc.gov/assets/rentguidelinesboard/pdf/17HSR.pd... I don't know the nature of rent control that well in NYC so I'm just going to take a few approaches: If we assume only unregulated apartments picked up the burden, the cost per unit is 725.80. If we toss in the "other regulated" apartments, 546.42. If we toss in all rent-stabilized (pre and post 46), it's 368.96. All rented units together? $363.
- cimmanom 8y agoThere are under 2 million residents of Manhattan. 8.5 million people living in NYC, tho. NYC is all 5 boroughs, not just Manhattan.