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
bitterrenter.com.
The tWhat is a ghetto ass punk bitch.
Funny how immigrants can come to this country, work hard, save money, send some back home, buy a house and pay for their kids to go to college. Where there is a will there is a way. Get off your lazy ass and work and get a college education. A GED hasn’t cut it for 50 years now.
What percent of take-home pay are people paying to own a home? Poll, brownstoner?
My wife and I pay 8% but it’s a real shit hole. She wants to buy but I want to rent and save like crazy as there is opportunity for prices to fall substantially. If interest rates go up, we put more money down on a cheaper house and feel no effect.
1:07 – Unemployment numbers might not be that high, but they don’t reflect the fact that there is a large percentage of people who are making far far less than they were just a few years ago. They also don’t show people no longer getting unemployment, but haven’t found a job.
Sure, they might be making $8 an hour at Walmart, but they were making enough to really support a family before the factory closed.
4;59 How much more should people have to sacrifice in order to just live. I work in a hospital and have seen many young and older patients that work 2 and 3 jobs and end with a heart atack or stroke. Please get a life. People need to enjoy their life not be A SLAVE TO THE MIGHTY AMERICAN DOLLAR!!!!!!!!!!!
lots of people work hard for their 2 million dollar brownstone, 4:52. don’t assume people got them from their parents or didn’t work their butt off to make that purchase happen.
this is not a communist society.
if this guys wants to improve his life situation he can get a 2nd job, not a free handout.
this guy has probably lived here longer than any of you asswipes and is doing what he can. if you think he should move let him into your 2 million dollar brownstone with your rugrats and treat him to a $5 soy latte in the morning before he heads to work. do something good for change. help a fellow out.
now that my rent has increased every year for the past 20, what once started at 30% has now risen to almost 50% of my income.
i wish i would have bought years ago.
last year, i could have answered at 30% of after tax income.
however since my overtime and bonus got slashed big time, i am now 43%.
🙁