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> "It has been crazy," Freund said, "but we definitely got a very good deal." This reads like a parody to me. Paying 5000 dollars per month in rent and calling
by Avalaxy 6y ago
> "It has been crazy," Freund said, "but we definitely got a very good deal."
This reads like a parody to me. Paying 5000 dollars per month in rent and calling it a good deal. That's more than what many people even make in salary.
- kerkeslager 6y agoExactly. If you're making enough to pay for a $5000/month apartment, you're renting by choice, and I don't care if your rent dropped. Get back to me when people who pay rent because they don't have the option of buying get some benefit, and I'll care.
- hcknwscommenter 6y ago"If you're making enough to pay for a $5000/month apartment, you're renting by choice" I don't think that's right. E.g., SF house and rent prices, assuming non-WFH policies require paying 5000/mo if your household is larger than 2 people. It's not a choice unless you happen to be blessed by rent control or rich enough to afford the 400K in cash for the down payment.
- kerkeslager 6y agoPeople who have enough money to pay $5000/mo in rent have options for other places to live. I have significantly less income, and I have options of places to live.
- hcknwscommenter 6y agoyes, but those options almost invariably result in having a significantly less income. Believe me, I am working hard to make the location/salary arbitrage work, but employers are not stupid. The only way to "guarantee" it is to work for yourself, but if you leave the high-cost-of-living area, your network gets drastically smaller and you risk losing work.
- bobthepanda 6y agoThe West Village is a bit of an outlier when it comes to rent because it is in NYU-land, and people attending NYU are not shy about taking whatever it is they need in loans to pay the expenses of going to NYU.
- GenerocUsername 6y agoDont forget the next step which is complaining on social media about their unpayable loans and the need for loan relief.
- ebg13 6y ago> That's more than what many people even make in salary. It's more than what 50% of entire households make, and that's before taxes are removed.
- MereInterest 6y agoThe median US household income is $63k/year. $5k/month would take the entirety of the pre-tax median income.
- bobthepanda 6y agoNYC is actually slightly less at $57K a year.
- baddox 6y agoI’m not sure why that’s a contradiction. If you could buy a nice new private jet for $100,000 it would be reasonable to call that a good deal, even if it’s more than what most people make in a year.
- maxsilver 6y agoIt's a contradiction because a regular 2-bed apartment is a basic essential necessity for human life, and not an extravagant ultra-luxury like a nice new private jet is.
- renewiltord 6y agoI've been living in a 1-bed apartment for most of my adult life. Hasn't felt like I've been missing a necessity.
- vecinu 6y agoYou can take this logic to its absurd extremity such as "I have 3 children, a 4-bed house is a basic essential necessity for human life".
- NikolaeVarius 6y agoVast swaths of modern day living humans would probably disagree with you
- smabie 6y agoPeople have been living without "regular 2-bed apartments" for thousands of years. I would hardly call it an "essential necessity" for human life.
- baddox 6y agoThere are millions of people in the world who would mock the extravagance of declaring a 2-bed apartment in a city to be an essential necessity of human life.
- christiansakai 6y agoFor people who are making more than that in salary this is also not a good deal.