Study: Brooklynites Bearing Heavy Rent Burden
In what is unlikely to generate more than a “No Duh!” response from most New Yorkers, a study conducted by Anthony Weiner’s office has found that, surprise, surprise, many Brooklynites spend a high proportion of their paychecks on rent. Overall, 30% of Brooklynites are spending more than half of their income on rent. (The Daily…
In what is unlikely to generate more than a “No Duh!” response from most New Yorkers, a study conducted by Anthony Weiner’s office has found that, surprise, surprise, many Brooklynites spend a high proportion of their paychecks on rent. Overall, 30% of Brooklynites are spending more than half of their income on rent. (The Daily News article article fails to mention whether “income” refers to pre-tax income or take-home pay. It also does not make clear whether it’s 30% of all Brooklynites or 30% of all Brooklynites who rent.) One guy in East New York makes $1,300 a month and coughs up $940 in rent! Let’s do a study of Brownstoner readers who rent:
Photo by Bryan Collins
Fed Revs Up Lending in Latest Jolt to Credit Market
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYYjhTF1vEhE&refer=home
Borrowing costs for banks have risen as much as 0.38 percentage point in the past six weeks, an increase that blunted the impact of the cash injections that began in December. The strains threatened to further impair mortgage markets, worsening an economy where growth has already stalled.
If borrowing cost went up for banks, what the fuck you think will happen to you?
Rates and Bonds
http://www.bloomberg.com/markets/rates/index.html
The What
Someday this war is gonna end…
“The tWhat is a ghetto ass punk bitch.”
May I ask you a question? Were you that guy threatening me? I think you wanted to meet me at Fulton and Classon, right. Maybe I will give you that chance. You are punkassed bitch!
I love how some people here always assume that a working class person is either lazy, or feels entitled, because they want to stay in their neighborhood of choice, even the hated(on this board)ENY. This is always followed by the irrational call to move, or get roommates.
Love how you can tell someone you know nothing about what to do. Move upstate? To what jobs? They are all coming here to look for work. Move? With what? No matter where you go, moving takes money, and new apts take securities, down payments, etc. How can anyone save with a couple of hundred dollars left after rent? Not to mention all the other variables like family, job, friends, health care, schools, etc, etc, that provide quality of life to anyone’s life. These things are just as important to him as to anyone better off.
If anyone is going to tell anyone else what to do, try taking a moment to think what it would be like if someone told you to do the same without a second thought, or a moment’s empathy.
“Rents due!”
*Mortgage is 90 days past due
*Get that water and tax lien lifted
*Brooklyn Union just called
*Con Ed just called
Being house poor sucks.
8:56 – Renters in the city are not fucked and are not irresponsible. When you finish college, you don’t have 250k to put down on a house. You have to save for a few years before you can buy.
With todays home prices being what they are, its much better to rent then to buy. I would rather pay $2000 a month in rent then $5000 a month in mortgage payments.
I am a home owner as well as a landlord in pk slope.
10:36: The poor masses are too stupid and lazy to rise up. They are busy spending what little they get on the latest clothes, ipods, phones, food, fuel and the lease on an SUV. And when they actually get up and riot, they destroy the local Rent-A-Center and steal a flat screen TV.
Some day this war is gonna end and you will be the loser.
The tWhat is a ghetto ass punk bitch.
everyone in this city is fucked. home owner, renter whats the difference? this city is a half working disaster, always has been and will continue to be. no one is ever going to rise up again either.
people in million dollar condos will be surprised when their 8 dollar an hour doorman will not protec them from the unwashed masses when they rise up. what will your showbox be worth when the riots start and the poor and hungry are looking to break down your door. so think about it million dollar condos in marginalized neighborhoods will become worthless, they wont even rent, your minimum wage slaves will no longer tolerate the 2hour communte from shanties on the outskirts of town just to serve you starbucks
8:43 = bitter renter.
I am not underwater. I own AND i can easily afford not to rent to pay for everything. In fact, I live in the entire house. Space galore. I hope you enjoy your little box. HAHAHAHAHAHA.
Rents due!
Renters in this city are fucked and they just spend their time justifying their irresponsible choices by assuming housing prices in Brooklyn will decline enough for them to afford to buy something. Losers!
fuckedbuyer.com
underwater.com