ABC News reported what the average rent for a 1 Bedroom in some areas has gone up to this year….

Dude. Rents have been outrageous in most American cities for 10-20 years, and getting worse every year. Corporate landlords, the loss of rent-control laws, stratospheric tech sector salaries, and the rise of remote work are all pouring fresh salt into this shit soup.

Thanks for noticing, dude.

I've read that in some cities, rent has increased more than 60% in under 2 years while wages stayed stagnant. Homelessness and destitution in this country is on the steep incline in several major cities already. Why do you think they're pouring so much money into militarizing and reinforcing the police? The government knows what's coming.

I guess the answer is move out of Manhattan/Brooklyn. That’s what I plan on doing. Will either look in Queens or commute to work from NJ.

OP- Prices ARE nuts. Today I filled up my car and I paid $4.719 per gallon for regular credit card at a BP station. Thursday for the same gasoline the station was $4.579. Then gone up 14 cents per gallon in two days.

R3 a lot of NJ prices are NYC prices almost now, unless you go far away from the city.

Meanwhile the price of a barrel of crude oil is the lowest it's been in since the Bush administration. And the American government does nothing but outrage-tweet about it.

We’re at over six dollars a gallon here in Southern California.

R1 I am more than aware. Born and raised in NY. The pricing has never gone up 85% in one year. That’s nuts.

Will this continue with the rents? Is there any way it will settle down?

R5 - yes you’re right. Some of the older construction though is now what Manhattan rents were before the crazy hikes. The new construction in NJ - luxury high rises - forget it. So expensive. $3500 in Hoboken for a 1BR.

Quite anxiety provoking.

I always bought my eggs from my local Target but they raised the price. It almost makes me not want to out of protest but it’s still probably cheaper than elsewhere.

Their store brand eggs were $1.29 for a 12 pack and $1.69 for 18 pack. Now it’s $2.59 for the 12 pack and $3.29 for the 18 pack.

The store brand orange juice was $1.69 then $2.19. This week it went up to $2.69. I can deal with that. But still.

Hashbrowns at the supermarkets near me have skyrocketed. I used to pay $5 for the 20 pack, now it’s $10.89 for the 20 pack. No lie. The cheapest I found it was a little over $6 at Costco and BJs and they were sold out at both.

The Turkey Bacon I buy went up from $3.50 a pack to almost $6.

DLers who understand economics - where is all this headed? A single avocado at the market today was $5.39.

OP Tell us more about your 71 year old boyfriend.

I paid $800 for a huge basement apartment in Astoria, Queens back in 2000. I was thinking about moving back from the South and looked online at listing, but jeez.... Don't see how people afford it. Even as a professional with a good job, I don't see how single people with one income make it. And it's getting just as bad in the South.

R13 it’s everywhere now. My friend said FL may be late to the game, but they’re also now starting to bump prices. It’s getting nuts down there too, and he’s in Tampa, not even Miami.

30 years with reasonable rent is a good run and now it's coming to an end. I'm not sure what the rental laws are in the USA but did this couple really expect that this was their forever home? It's sort of sad but what do people expect?

R15 ummm yes. It should be. They’re in their 70s. They’re natives. They very much should be left alone.

Many of these articles are very misleading. Owner occupied buildings—very common in Brooklyn—tend to be great because the landlords usually want clean, nice tenants who pay the rent on time.

I live on the second floor of a 3 unit building in Brooklyn. I have a 3 bedroom/2 full bath/kitchen with new appliances/dishwasher and—best of all—my own parking space. The only amenity I would love to have but do not is a washer/dryer. My husband & I pay $2,650 a month. I went through a local broker three years ago. These places are rarely published…you walk into a local broker’s storefront and in 30 minutes you’re looking at gems. Of course there’s a broker fee, but it’s worth it. My place before this (2012-2019) when I was single was a one bedroom at $1,700 with true (ducted and vents in the ceiling) central AC…and electric was included.

R17 good for you. When did you move in?

The news broke it down by area. Not all of Brooklyn, btw.

I pay over $2100 for a studio in Brooklyn, btw. You’re in a minority situation dear.

R17 do you mind me asking where in Brooklyn? And do you like your neighborhood? Brooklyn is huge and I don’t feel like I have a great sense of the different parts of it.

R18 do you like your neighborhood?

New renters next door in Hono pay $1875, studio. Previous tenant moved in 2016, paid $800. A fucking Studio.

Bideneconomics.

R20 yup. Around me the studios start for $2000+

This started during the Trump administration but both the Biden administration and every state governor has done nothing about it with the exception of Newsom who has made some noise about rent control. Some mayors have, as well.

[quote]Will this continue with the rents? Is there any way it will settle down?

Eventually it will due to just plain supply and demand, but it will be a long time. At least a year or two.

What's happening is that the rent increases are driven by people moving from coastal cities to less expensive ones due to either a job change or their job having gone permanently remote. They're leaving cities where no one is clamoring to fill their vacancies and taking up vacancies in lower income areas where there are no affordable housing alternatives for the locals like the elderly couple in this article. They can't compete with a two-income family earning San Francisco money, and there is no legal incentive for landlords to accommodate them. There is just nowhere for them to go, and with leases ending this year, millions more are about to join them.

My Hmart in Hartsdale New York now charges $7.99 for a honeydew melon- ouch!

OP

I'm sorry, but am calling BS.

If elderly couple mentioned have been living in same apartment for > 30 years they most likely are rent controlled or stabilized. Either way they cannot be touched, long as they pay their rent. If a LL is harassing or otherwise trying to force them out they have remedies.

Rents for one bedroom and studio apartments in NYC are zooming for many reasons, one is there just aren't enough of them to go around.

New construction for past decade or so has focused more on creating large "family" size two or more bedroom units. Meanwhile many studio and one bedroom units that are old rent regulated apartments are occupied by tenants who aren't leaving unless feet first in a box.

Real estate is just going crazy. I bought a run-down condo near a railway line with an injecting room at the end the street for 340K five years ago (it was all I could afford) and now it's valued at 600K.

It's time to hang all of the landlords and developers.

R25 I'm not OP, but yes, obviously the reason that the article specifies that they're being terrorized by the landlord is so that they either give up and leave or that the landlord can somehow find a loophole in the rent control criteria.

When I went to Salt Lake City, a lot of the houses looked like shacks. They were hideous. My friend googled the real estate in the area and the houses were going for over half a million. We were in shock. And then we googled the minimum wage which was like $7.25. It made absolutely no sense.

I live in a roomy discarded appliance box under the Brooklyn Bridge, and I am quite happy and content with my humble rentless circumstances...

R26 that’s bullshit. There are TONS of unoccupied apartments in most of those new buildings. No one can afford them. There needs to be rent control.

I recently moved abroad and decided to keep my condo in the US (mainly for tax reasons).

I originally told my property manager I didn’t want to be greedy—I would be satisfied with charging enough rent to cover my mortgage, condo fees, and property management fees. However, dozens of qualified renters applied within days and a bidding war ensued.

What are sellers and landlords supposed to do when there’s so much money on the table? I based my asking price off the highest offer a neighbor received from renting their place, and now I’ve established a high water mark for those who put their places on the market for rent over the summer.

[quote]What are sellers and landlords supposed to do when there’s so much money on the table?

Be a decent human being and not exploit the growing housing desperation as an opportunity to price gouge, of course. But if you need to ask...

Columbus Ohio is putting a referendum on the ballot to fix up their crime filled trashy schools. 13% INCREASE in property taxes if it passes. 13 PERCENT INCREASE!!...Are you fucking kidding me? Why do I have to pay for YOUR brats schools?

Another Reason to not come to (Columbus) Ohio. They are banning TRANS REAFFIRMATION for LGBT Youth.......And they are going to go after the parents!! The Right Wingers have taken over the State Senate. Even DL Fave Tim Ryan is running commercials talking about what his party (the Dems) got WRONG....Ryan Flipped...

Brooklyn has always been and always will be a dump.

Class war

Time to purge