In the mid-1980's I moved in with a romantic partner who's rent controlled 1 bedroom walk up on 11th street in the East Village was $226 rent per month. When I moved out 10 years later the rent had increased to a whopping $326!!!Once I gave it up (the building owner was shocked I just handed it back rather than being paid a fortune to leave)...I was making money and rented a 1 bedroom at my favorite area of the village- Lower 5th avenue.The rent commenced at $2,900 per month, quite a leap from $326!! When I left in 2014 it was $3,600 per month...Meaning in 2014 I would need to earn $43,200 just to pay rent before eating or phoning anyone.The owner turned round and rented the same unit for $6,000 the month I left= $72,000. in 2014 rent.Ive moved around since then. My current rent in Rockland county near Nyack is $1,750. 50% Less than I was paying a decade ago.Im not quite certain how those renters in the new Husdon Yards towers can afford those $7-10,000 per month apartments without wealthy parents, or money launderers from overseas.But- there's no place like New York City!

In the mid-1980's I moved in with a romantic partner who's rent controlled 1 bedroom walk up on 11th street in the East Village was $226 rent per month. When I moved out 10 years later the rent had increased to a whopping $326!!!Once I gave it up (the building owner was shocked I just handed it back rather than being paid a fortune to leave)...I was making money and rented a 1 bedroom at my favorite area of the village- Lower 5th avenue.The rent commenced at $2,900 per month, quite a leap from $326!! When I left in 2014 it was $3,600 per month...Meaning in 2014 I would need to earn $43,200 just to pay rent before eating or phoning anyone.The owner turned round and rented the same unit for $6,000 the month I left= $72,000. in 2014 rent.Ive moved around since then. My current rent in Rockland county near Nyack is $1,750. 50% Less than I was paying a decade ago.Im not quite certain how those renters in the new Husdon Yards towers can afford those $7-10,000 per month apartments without wealthy parents, or money launderers from overseas.But- there's no place like New York City!

user
yes
assistant