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Just 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
by murph-almighty 8y ago
Just 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.