Brooklyn Breaks the Bank for Housing
Homeowners in Brooklyn are paying plenty for their housing—more than just about anyone else in New York City or State, in fact. According to 2006 Census data, 31 percent of Brooklyn homeowners with a mortgage are spending half or more of their earnings on housing, the highest percentage of any large county in the state….
Homeowners in Brooklyn are paying plenty for their housing—more than just about anyone else in New York City or State, in fact. According to 2006 Census data, 31 percent of Brooklyn homeowners with a mortgage are spending half or more of their earnings on housing, the highest percentage of any large county in the state. And 55 percent of Brooklyn homeowners paid 30 percent or more of their income for housing while shouldering the second-highest (after Manhattan) monthly costs in the city, at $2,194. A recipe for disaster or just the way it’s always been?
Housing Takes Bigger Bite of New Yorkers’ Incomes, Census Data Shows [NY Times]
well considering i do work in the public sector and make less than 60K a year and own in park slope, i do indeed think those that whine about not being able to afford anything are losers.
it’s a little thing called SAVE.
not everyone needs a new ipod every year.
It may come as a shock, but not everyone WANTS to work in the private sector. Some people (gasp) actually like doing things to help other people and don’t want to deal with the pompous attitudes and rat race atmosphere that is so prevalent in the private sector.
There was an article approximately two months ago in a legal trade magazine detailing the fact that many top law school grads are choosing non-profit and public sector jobs over private sector. Why? Better quality of life and the belief that they can make a difference. Not everyone wants to bleed for $160k/year.
In dealing with public sector employees I’ve found that if you talk to them in a condescending manner, then you get the “amazing speed and efficiency” that you note. Granted, this is not always true, but the “I’m better than you” attitude definitely won’t do anything to facilitate these interactions.
Good luck.
Public Sector = Could’nt make it in private sector
Have you noticed the amazing efficiency speed and quality of public (i.e. Union) employees? Think there is a reason for it?
Actually, guest from 5:43, ever check out the salaries that NYC pays its starting engineers? Roughly $37-45k. But I guess if all those “losers” stopped working for the City and started chasing money so they could live in “prime” neighborhoods, then YOU and others like you would go out and design, build and maintain the libraries, museums, police and fire facilities, etc. I assume you’d also design and maintain your own roadways and review all the contracts for those things, since the engineers and attorneys who do that kind of work are such losers anyway.
I’m all for capitalism, but the “if you can’t afford to live you’re a loser” mentality is juvenile (at best) and totally unnecessary. Just a reminder: when you die, you can’t bring your brownstone/”prime nabe”/piles of cash in the urn or casket with you.
Before you all attack, I’m making a very comfortable six-figure salary…just happen to have friends who are great people working in the public sector.
Jesus christ, I, and most of my friends have always paid nearly or more than half our income in rents so that we could live in cool places. And I’m talking about when I was 18 in Miami, and I struggled to pay half of $650. It’s not “unsustainable” or a harbinger of anything — if you want to live in a very popular location, you pay more for the privilege. And that’s what living in NYC is: a luxury.
Just a general gripe:
Why can’t Internet posters spell the word “lose”? It’s not just this site, but to almost every site I go. It’s really annoying!
-Supergirl
If you are a laywer, doctor or engineer and can’t find a place to live in one of the prime neighborhoods of New York, you are a complete and total loser.
Quit hitting the whores and slot machines, then you might have a chance.
Not sure how many doctors loose their jobs – Even the really bad ones will always be in some demand. As for lawyers – there is way too many already so when the “Lawyer Bubble” bubble burst, perhaps the engineers will be needed to creatw low cost housing for them somewhere outside of the city.
So you see – problem takes care of itself!
Cheers!
Actually 4:13 – You’ll be handing over all that gold and cash to me as my tenant.
I will be raising the rent every year and plan on using your treasure for a vacation home – I think there will still be good deals in Panama for a while.