Submitted by CactusBoyScout t3_11rkxhs in nyc
P0stNutClarity t1_jc9br9v wrote
Initial Budget was $1500 - $2000 with a $150k salary. Hmmm This is also another broader issue. folks who only make $60k - $80k and more limited options are competing with folks who make $150k+ for the same apartments. And generally the landlord will go with the prospect with higher income + savings in addition to credit. Kind of sucks to be competing with someone who makes double what you make
supremeMilo t1_jcarj8b wrote
Which is why we need new housing at all price points.
throws_rocks_at_cars t1_jcbb2hm wrote
Exactly. Market rate housing is pretty much as needed, if not more needed, than solely affordable housing.
[deleted] t1_jcvwiek wrote
[removed]
nycdataviz t1_jc9byjb wrote
Yeah well when inflation is literally cannabalizing people’s retirement plans and food staples are up 200% you need to minimize costs wherever possible. 150k is the new 60k.
Get on welfare or move to Bali.
P0stNutClarity t1_jc9ca5t wrote
lol i have a bridge to sell you if you think a person making 60k is qualifying for welfare.
nycdataviz t1_jc9cr46 wrote
That’s the cruel joke. People can barely survive on that salary but welfare eligibility tiers don’t give a fuck.
DrinkYoDamnJuice t1_jc9fcft wrote
It’s the same model as affordable housing
DelTeaz t1_jc9k6lb wrote
Is rent stabilized housing not welfare?
MillennialNightmare t1_jca2gyb wrote
It literally isn’t.
theageofnow t1_jcijs56 wrote
No. There is no funding mechanism. Is it a “market distortion”? By limiting rent increases, surely, yes, but it’s not subsidized by the state or the city or federal government or anyone else. Also rent stabilized does not necessarily mean that the maximum legal rent is less than the market rate rent. There are many RS apartments whose rent is close to market rate (on average, they’re well below).
SMK_12 t1_jcagb93 wrote
Tbh food costs should come back down, (even though I doubt they will) I work in wholesale produce and food costs aren’t much higher than they were a few years ago. Eggs are still high but there are always market conditions that cause huge price increases that generally subside when conditions return to normal. Problem is restaurants and chains like chipotle etc raised prices and no matter how much food costs decrease back to normal they won’t change prices back, plus wage inflation plays a big role. Cost of eating out has gotten nuts even at fast food type places but grocery store prices shouldn’t be as inflated.
betterthanguybelow t1_jcaiiv7 wrote
Wage inflation hasn’t really happened dawg
SMK_12 t1_jcajmrt wrote
Dependent on the industry, some sectors it has others not so much
betterthanguybelow t1_jcdguvz wrote
Sorry. You’re right. CEO pay has skyrocketed.
PuzzleheadedWalrus71 t1_jc9yase wrote
I got this joke.
Pool_Shark t1_jcbdksf wrote
But I was told people who make more want to pay higher rents!
Still don’t get how this dumb argument keeps getting repeated
jaksmalala t1_jcam4wj wrote
People have other financial obligations. Him making double doesn’t necessarily mean he has double. He still deserves to be competing with everyone else for that housing. Sucks but that’s what privilege is.
P0stNutClarity t1_jcamhvd wrote
When and where did I say that?
jaksmalala t1_jcaqc54 wrote
You didn’t. I did.
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