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
5% unemployment rate is still EXTREMELY healthy.
sure, the economy is in a bad patch and incomes are stagnant, but it’s not NEARLY the death spiral that the what and others were talking about.
when unemployment hits 8%, get back to me.
you people are such whiners. economies go up, and they go down. it’s the nature of the being.
sounds like all the doom and gloom people are way off….
NYTIMES: May 2, 2008
Many Americans earned less in April, the government said on Friday, as the economy shed 20,000 jobs, the fourth consecutive month of decline. The drop in payrolls was less severe than expected, but businesses and employees continued to feel the effects of a widespread downturn.
Economists had been bracing for a decline of up to 85,000 jobs, in line with the rate of losses over the first three months of the year. Instead, service industries like restaurants and medical care recorded a surge of new hires, according to the Labor Department.
The unemployment rate dropped as well, to 5 percent from 5.1 percent in March, as a separate survey of households, which is considered more volatile, showed that employment actually rose last month. It is not uncommon for the two surveys to disagree
The unemployment report is likely to be seized on as evidence that the focus of the Federal Reserve should switch to curtailing inflation, rather than fighting off a recession that may be less severe than first thought.
And how much more of his income is under the table? Come on, this is NYC, if he really is earning that little he needs to get a second job (for cash), like the rest of us!
Oh please!!!! you must be a NEWBIE…. 11:40
Oh please!!!! you must be a NEWBIE…. 11:40
My bad… Cypress Hills is in BK.
11:32
I’m pretty sure the Cypress Hills neighborhood you speak of is it’s own ‘hood in Queens. It just borders ENY, Brooklyn.
And for the love of God, it’s Clinton “Hill” not “Hills”
who cares how long he has lived in brooklyn?
people move all the time because of changing conditions. The same thing happened when I lived in North Carolina. Tons of “yankees” moved in and all the natives were pissed.
only rednecks and white trash have this “ive been here longer” mentality.
10:53 Not everyone can afford to put down 10-20% down on a condo. ANd many people who do own these ridiculously high priced condos share their space. As for the other commenters: The guy in ENY is just trying to live in this overpriced city. Why should he get a roommate not everyone likes to live with strangers. ANd how dare people suggest he move; he’s probably lived in Brooklyn longer thatn most of you who comment on this website. I agree with 11:15 HOUSING AND FOOD ARE NECESSITIES.
You ENY is not as bad as you guys make it sound. If you get your ass on the train and visit Cypress hills (section of ENY) you would see it is a decent and nice neighborhood. You need to get off the Cop Stats because BEdstuy and Clinton hills crime is rising and in the precious DUMBO as well.