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]
To those that say that Brooklyn is unaffordable to all but the rich are spoiled brats. That is absolutely and completely untrue. Most of Brooklyn is quite affordable and you can find a condo for 100K quite easily.
It may not be in Park Slope or other Brownstone neighborhoods, but that doesn’t mean they don’t exist.
The affordable housing is out there, but if you think you’re too good for it, that doesn’t mean that it doesn’t exist.
Is it me or does the Queens rental bar seem much larger than the Bronx rental bar even though the percentage for the Bronx renters is higher. I can believe NYT can make such a simple mistake.
Be easy What! They’ll get it eventually. Speaking of the banking system, everybody should check this cartoon out…
Naw, they will never get it. Thats why we are in this mess.
The What
10:30AM,
Yes, you can become a full-time teacher without a master’s degree. I have several friends who have done so. You are hired and then required to earn your master’s degree in a certain time frame.
Re: trying to earn a degree while parenting, I am finishing my master’s degree and there are women in my classes who are single employed mothers who have taken out loans and made huge sacrifices to get ahead in life. It’s good that they didn’t listen to people like you, telling them that they couldn’t do it.
While I have not personally obtained food from pantries and churches, I know plenty of people who have. The places that I am familiar with are reliable, open at specific times, and staffed by caring people eager to help the less fortunate.
If they are talking about gross, isn’t 28% of gross generally considered a conservative estimate of what anyone should be spending on housing? So if people are in the 30% range that’s not that far off…in the 50% range is a little dangerous. Even if those are people expecting bonuses, it’s clear the economy is not at it’s best right now and those “expected” bonuses might not materialize as planned.
Be easy What! They’ll get it eventually. Speaking of the banking system, everybody should check this cartoon out…
http://video.google.com/videoplay?docid=-9050474362583451279
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Thomas Jefferson
Hey Assholes, Read this statement again and again. We are in the greatest asset bubble in history. If you think it’s cool making the top 1% more wealthy, then America is a fucked up place to live.
New York is not different, just greedy fucking people live here. BTW any any who responds to my post, YES I OWN A FUCKING HOUSE!!!!!!!!!!!!!!!!!!!!!!!
Flame on Brainwashed Fucks.
The What
“wait, who ever uses net income as a base for this kind of thing? if net income is gross income minus expenses, isn’t housing factored into that?”
I’m sure they’re talking gross income. Net income would be too complicating to estimate (some have 401k’s, some don’t).
The ‘net’ income YOU are referring to is actually called disposable income.
9:14, aren’t “marginal nabes” still part of Brooklyn? What you are actually saying is that if it doesn’t affect me or my immediate circle, than why worry? Gee, thanks for your concern.
Regarding the woman used as an example in the article – love how people can sit back and judge how other spend their time, or criticize the choices others make. Maybe she is only teaching part time because she can’t get a full time job in her teaching field. Maybe she has to take care of her child. There may be plenty of reasons why she can’t work at teaching full time, including the fact that she doesn’t yet have a master’s degree. And to casually say that she can get food at a pantry or church is the equivilent of the “let them eat cake” excuse. Have you ever tried to get food from a pantry or church? Do you know whether or not that is reliable, or even available? Sometimes the elitist judgementalism here is just overwhelming.