Choosing to Rent in the Slope
This weekend’s The Hunt column in The Times was about a guy who decided to ditch his $2,500-a-month, two-bedroom unit in the Financial District that he’d lived in for a dozen years because the expense was too high, and ultimately settled on an $1,850-a-month, one-bedroom apartment in Park Slope. The article says “he was surprised…
This weekend’s The Hunt column in The Times was about a guy who decided to ditch his $2,500-a-month, two-bedroom unit in the Financial District that he’d lived in for a dozen years because the expense was too high, and ultimately settled on an $1,850-a-month, one-bedroom apartment in Park Slope. The article says “he was surprised by the high rents” in the Slope as well as how small a lot of the apartments were. Underlying all of this is a question about how much more affordable it is to rent desirable neighborhoods in Brooklyn, like the Slope, than in Manhattan these days. Yes, most of Brooklyn is still a lot cheaper than most of Manhattan, but to what extent is this true in Brooklyn’s most in-demand areas?
A Renter Trims His Sails [NY Times]
It’s not really a rant… it’s just the absurdity. (I’ve been looking for a job elsewhere. I think $$$ issues of this town are getting to me.)
tybur6, I take it back. I mispoke for you. Continue to rant why these prime hoods are so god damn expensive.
I agree mostly mopar – although one bedroom brownstone floor thrus in “prime” nabes are definitely more than 1800 – more like 2300 for a nice one.
nice one bedrooms in CH/BS/Bushwick are around $1,500 now.
m4l — I didn’t buy your explanation before and I don’t buy it now. It’s not like there would be a magical line where the rents on one side are $2400 for a 1-bed and on the other they are $900. And further, the incomes (and related stupidity) of folks is also on a continuum.
The simple fact is that Bushwick has crazy rent now because of “luxury” Williamsburg… and Clinton Hill and Crown Heights is becoming unaffordable because of “luxury” Fort Greene and Prospect Heights.
It’s not “regular Joes” being shoved further and further… it’s actually folks with very healthy incomes that don’t want to live in “fringe” neighborhoods, but have to.
One bedrooms have been $1800-1900 in “prime” Brooklyn for at least ten years.
OTOH, it seems have rents in Bed Stuy, Crown Heights, and Bushwick have gone up from $1000-1200 for a two or three bedroom to $1500-$1900 in the last three years.
Anyone else agree with that?
Seems to me apartments cost the same everywhere. You just get more space the further out you go.
The only place where apartments are still affordable is the Bronx.
You can’t get a room in a share anywhere in Brooklyn for less than $600-$800. And it’s very difficult to find anything for less than $800, no matter how crummy.
DH, as I said/explain to tybur6 before, the rich can DECIDE to overpay – they have that margin for error (ie they can choose to buy that Rolex instead of a casio, LV vs coach bag,….). Regular JOEs cant hence need to be smart. if fringe hoods prices are going out of control, it aint cause regular JOEs are battling rich folks in the escalating prices. it’s regular JOEs bidding against each other. so if regular JOEs aint going to exercise that financial control/restraint, why would landlords stop asking these greedy prices.
bxgrl:
“so what’s your point? That only the rich are entitled to live in nice neighborhoods with good transportation?”
…………in a word….YES!
Rich = options!
Poor = staten Island!
“bxgrl, these hoods been mad pricey for a while already – not like rents were $500 then in a month it was $2500. ”
yeah – but these neighborhoods don’t operate in a vacuum. “Fringe” nabes are WAAAAY more expensive than they were 5 years ago, and the quality of life hasn’t improved proportionally.