3 ms·

I know people making less than that but they are getting subsidies. It's people who are not poor enough for subsidies and not affluent that is getting squeezed

minhaz23 6mo ago
Hard agree. Cant even qualify for housing connect, medicaid, or food stamps - income tax credits (single / no kids / no property) - which are significant help to quality of life.
- kotaKat 6mo ago
  I'm outside of NYC, still in NY. As a single person, the 80% AGI limit is $49,000 here. It's actually kind of painful to be barely above 100% AGI and not be able to get secure 'quality' housing up here. Everything that's being rehabilitated is focusing on low income (sub-80% AGI) limits, and everything else up here is... dire to rent. We have no real protections or anything in place up here, let alone an attempt to register rental properties that can go through without landlord revolt. And tax credits - that was amazing when I filed my taxes through NY's direct file during the IRS pilot. I was given a "great news!" screen where it boasted that I qualified for exactly $0 for every single tax credit on offer because I couldn't own property or have a family.
rvz 6mo ago
Yes. People in the middle are always squeezed the hardest, and $125k is just the baseline and is below survival in NYC. You have to cut on almost everything to keep most of that money every month. Might be fine for those without families, but for a typical family of 2 or 3 would need double that salary and employers will look at that cost and will scrutinize that and ask: "How do we get that 'cost' (you) significantly reduced?" That is even before talking about "AGI" which is actually an excuse for layoffs (and reposting old jobs at a lower salary and off shoring those jobs) in disguise. So it is more like the middle-class and especially families are getting squeezed the most in NYC and have no choice but to leave the US.
- brianwawok 6mo ago
  [flagged]
  - mschuster91 6mo ago
    > Or like. Don’t live in the 2nd most expensive city in the country? Well... multiple things here. If you're in, say, finance, you can't just go and move to some flyover state and work remotely. You need to be around NYC (US), LON (UK) or FRA (EU). If you work some service job, say you work retail, okay. But... imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move away? Whoops, now everyone is going to drown in trash and feces! It is vitally important for any city to have enough adequate housing for all levels of income, otherwise it falls apart.
    - torben-friis 6mo ago
      I can assure you there are finance jobs in more than three cities in the western world.
    - ZainRiz 6mo ago
      If you're in finance, you earn enough to live in NYC > imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move away? Whoops, now everyone is going to drown in trash and feces! That's not a "the poor middle class folks in NYC need help" story, that's a "the rich folks of NYC need folks to serve them" story. They're welcome to strategize however they like to incentivize people working there. Manipulative heartstring tug are not welcome however.
    - rainsford 6mo ago
      I can't find the reference, but I saw a comment recently along the lines of, "If you live in a city where the people who provide you with services can't also afford to live in that city, you don't live in a city, you live in an amusement park."
    - fhdkweig 6mo ago
pclmulqdq 6mo ago
[flagged]
- batty_alex 6mo ago
  [flagged]
  - pclmulqdq 6mo ago
    I dated someone in one of these families for a very long time, so I'm pretty sure I do know how that family system and the surrounding community operates. This sort of "family commune" living arrangement is very common in lower-income communities with family-oriented cultures (eg working-class hispanic, italian, african american communities), and the tax code amplifies its effectiveness.
- postflopclarity 6mo ago
  [flagged]
- henry2023 6mo ago
  [flagged]

minhaz23 6mo ago

Hard agree. Cant even qualify for housing connect, medicaid, or food stamps - income tax credits (single / no kids / no property) - which are significant help to quality of life.

kotaKat 6mo ago
I'm outside of NYC, still in NY. As a single person, the 80% AGI limit is $49,000 here. It's actually kind of painful to be barely above 100% AGI and not be able to get secure 'quality' housing up here. Everything that's being rehabilitated is focusing on low income (sub-80% AGI) limits, and everything else up here is... dire to rent. We have no real protections or anything in place up here, let alone an attempt to register rental properties that can go through without landlord revolt. And tax credits - that was amazing when I filed my taxes through NY's direct file during the IRS pilot. I was given a "great news!" screen where it boasted that I qualified for exactly $0 for every single tax credit on offer because I couldn't own property or have a family.

rvz 6mo ago

Yes. People in the middle are always squeezed the hardest, and $125k is just the baseline and is below survival in NYC. You have to cut on almost everything to keep most of that money every month. Might be fine for those without families, but for a typical family of 2 or 3 would need double that salary and employers will look at that cost and will scrutinize that and ask: "How do we get that 'cost' (you) significantly reduced?" That is even before talking about "AGI" which is actually an excuse for layoffs (and reposting old jobs at a lower salary and off shoring those jobs) in disguise. So it is more like the middle-class and especially families are getting squeezed the most in NYC and have no choice but to leave the US.

brianwawok 6mo ago
[flagged]
- mschuster91 6mo ago
  > Or like. Don’t live in the 2nd most expensive city in the country? Well... multiple things here. If you're in, say, finance, you can't just go and move to some flyover state and work remotely. You need to be around NYC (US), LON (UK) or FRA (EU). If you work some service job, say you work retail, okay. But... imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move away? Whoops, now everyone is going to drown in trash and feces! It is vitally important for any city to have enough adequate housing for all levels of income, otherwise it falls apart.
  - torben-friis 6mo ago
    I can assure you there are finance jobs in more than three cities in the western world.
  - ZainRiz 6mo ago
    If you're in finance, you earn enough to live in NYC > imagine what happens to NYC when all the people doing the menial work keeping the city alive (have to) move away? Whoops, now everyone is going to drown in trash and feces! That's not a "the poor middle class folks in NYC need help" story, that's a "the rich folks of NYC need folks to serve them" story. They're welcome to strategize however they like to incentivize people working there. Manipulative heartstring tug are not welcome however.
  - rainsford 6mo ago
    I can't find the reference, but I saw a comment recently along the lines of, "If you live in a city where the people who provide you with services can't also afford to live in that city, you don't live in a city, you live in an amusement park."
  - fhdkweig 6mo ago

pclmulqdq 6mo ago

[flagged]

batty_alex 6mo ago
[flagged]
- pclmulqdq 6mo ago
  I dated someone in one of these families for a very long time, so I'm pretty sure I do know how that family system and the surrounding community operates. This sort of "family commune" living arrangement is very common in lower-income communities with family-oriented cultures (eg working-class hispanic, italian, african american communities), and the tax code amplifies its effectiveness.
postflopclarity 6mo ago
[flagged]
henry2023 6mo ago
[flagged]