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CoLA figures for New York are B.S. They're all based on buying an identical basket of goods. New Yorkers don't buy the same goods. 54% of New Yorkers don't have
by spolsky 17y ago
CoLA figures for New York are B.S. They're all based on buying an identical basket of goods. New Yorkers don't buy the same goods. 54% of New Yorkers don't have cars, because we have good mass transit. New Yorkers live in smaller apartments and don't have gardens, because we usually opt for walkability and nearby culture and entertainment instead of square footage. If you want the square footage instead of the walkability, you move to the suburbs of New York... problem solved.
- krschultz 17y ago54%? I don't know anyone here who owns a car! It is damn expensive to rent, but once you subtract out car payments, car insurance, car maintenance, and gas you can save $1000 a month easily that goes towards rent. Getting around NYC costs $89 a month.
- spolsky 17y agoDon't forget that includes queens, staten island, etc, where people actually have a car or two. $1000/month in car payments = $2000/month in pretax salary. That means a $60,000 salary in NY goes as far as an $84,000 salary - car costs.
- anamax 17y ago$1000/month for a car? I wasn't spending anywhere near that when I was making payments and now that the car is paid for, I'm spending even less. Of course, my car isn't in NYC, but if NYC is causing cars to be expensive, that's on NYC, not cars.