5 ms·
This article is totally worthless without some way to gauge what $616M actually is... I have a VERY hard time believing in NYC that's anything but "piss in the
by rubyn00bie 8y ago
This article is totally worthless without some way to gauge what $616M actually is... I have a VERY hard time believing in NYC that's anything but "piss in the wind" compared to total amount spent on rent.
Too many articles come out with a "shocking number" that doesn't mean anything except to those who don't know the scale.
This is mostly a click-bait article and study.
- tribune 8y agoAccording to [1], there are 2,146,892 occupied rental apartments in NYC. So this works out to an average of $287 per rental per year. Hardly "piss in the wind". [1] - https://www.nakedapartments.com/guides/nyc/renting-in-new-york-city/high-demand-low-supply https://www.nakedapartments.com/guides/nyc/renting-in-new-yo...
- jeremyis 8y agothat would be a bump of $24 per month of rent on average....
- rubyn00bie 8y agoAbsolutely piss in the wind. Are you kidding me? Again numbers and scale throw people off... The average rent for an NYC apartment per month is $3375 (https://www.rentjungle.com/average-rent-in-new-york-rent-trends/ https://www.rentjungle.com/average-rent-in-new-york-rent-tre...) totaling: $40,500 per year. So that $287 increase is less than 0.7% per year.