4 ms·

> But in actual Manhattan, single-bedroom apartments cost $3800 a month – even more than in San Francisco! I'm not sure this accurately captures the comparison

by bootsz 8y ago

> But in actual Manhattan, single-bedroom apartments cost $3800 a month – even more than in San Francisco! I'm not sure this accurately captures the comparison between Manhattan and SF housing. I'm guessing this figure is an "average cost" but probably heavily skewed by certain downtown neighborhoods. Manhattan is super expensive for sure but I still think the market is substantially better than SF. In NYC you have tons of options as to where to live either within Manhattan or in one of the boroughs, and pretty much everywhere has good transit access to get you downtown reasonably quickly. Yeah, if you try to live in Tribeca you're gonna pay an insane amount for a 1 bedroom, but just go uptown and prices drop off considerably, well below SF prices, and still within quick walking distance to multiple subways. Secondly in NY there's definitely more housing supply: you can go apartment hunting and have a lease signed before the end of the first day. That seems to be how it goes for most people I know here.

alexhutcheson 8y ago
It's also just wrong. You can get a nice 1 bedroom in a nice neighborhood in Manhattan near the subway for ~$3000/month. You can go significantly lower than that in Bushwick, Astoria, Washington Heights, etc. Not sure where the $3800 figure came from, but it's easy to be mislead by what you see on Streeteasy, Zillow, etc. The most overpriced units stay on the market for a long time, because they're a bad deal, so you'll see lots of them if you check at any point in time. Underpriced units get rented quickly, so you'll see less of them.
- berbec 8y ago
  79th & 1st. I'm currently living in a 1 bedroom for $2300
MisterTea 8y ago
True. I'm a native NYC dweller and live in the Ozone Park/Woodhaven area. Not a happening place but there is plenty of good food and convenience stores. I walk less than 5 minutes to the A train and I'm in downtown in about 35-45 minutes. Midtown in under an hour. Rent around the neighborhood is around 1200-1600 for single bedrooms and 1700-2500 for 2/3 bedroom. And these places arent roach motels, many are newly renovated. NYC is plenty affordable unless you're making at or near minimum wage or spend a substantial amount of money on take out or prepared gourmet food.

by bootsz 8y ago

alexhutcheson 8y ago

It's also just wrong. You can get a nice 1 bedroom in a nice neighborhood in Manhattan near the subway for ~$3000/month. You can go significantly lower than that in Bushwick, Astoria, Washington Heights, etc. Not sure where the $3800 figure came from, but it's easy to be mislead by what you see on Streeteasy, Zillow, etc. The most overpriced units stay on the market for a long time, because they're a bad deal, so you'll see lots of them if you check at any point in time. Underpriced units get rented quickly, so you'll see less of them.

berbec 8y ago
79th & 1st. I'm currently living in a 1 bedroom for $2300

MisterTea 8y ago

True. I'm a native NYC dweller and live in the Ozone Park/Woodhaven area. Not a happening place but there is plenty of good food and convenience stores. I walk less than 5 minutes to the A train and I'm in downtown in about 35-45 minutes. Midtown in under an hour. Rent around the neighborhood is around 1200-1600 for single bedrooms and 1700-2500 for 2/3 bedroom. And these places arent roach motels, many are newly renovated. NYC is plenty affordable unless you're making at or near minimum wage or spend a substantial amount of money on take out or prepared gourmet food.