Who Rents Here?
More fun with demographics! The average brownstone Brooklyn renter in the first quarter of this year was a twentysomething artsy freelancer who makes $50,000 a year, says the Eagle. The profile is based on data from a firm called Ideal Properties Group. More: 33 percent of new Brooklyn renters were in the entertainment business, 24…
More fun with demographics! The average brownstone Brooklyn renter in the first quarter of this year was a twentysomething artsy freelancer who makes $50,000 a year, says the Eagle. The profile is based on data from a firm called Ideal Properties Group. More: 33 percent of new Brooklyn renters were in the entertainment business, 24 percent in art, design and architecture, 10 percent in legal work, 9 percent in advertising, media and public relations, and 7 percent in sales. (How about finance?) According to Ideal’s report, fewer new renters are coming from across the river: In the first quarter of 2006, 53 percent were from Manhattan, compared to 24 percent in Q1 2008. The vast majority of renters surveyed had roommates.
As Brooklyn Grows, More People—And Young Ones—Are Renting [Brooklyn Daily Eagle]
i work at a hedge fund, make $200k (and rising rapidly, assuming i keep my job). i rent in a floor-thru brownstone in prime north slope paying 2500 with wife and 1 kid (and yes we have a stroller, gasp). i am not buying RE for at least another year b/c this market is going to get way weaker. i also wouldn’t live in manhattan even if it was half the price (though most of my colleagues do).
btw, i specifically work in financial equities and this is environment is way worse than most “artsy” types currently buying in bklyn can even imagine. a ceo of mid-size NY bank (NYSE traded) is calling for an NYC housing crash. this is a guy who has been lending in the NYC RE market for over 20 years. who would you rather believe, him or your listless corcoran broker or recent underwater buyer posting here?
1:45pm – i hear ya, me too! haha
New Jersey is BANKRUPT.
btw.
NJ sucks! No question. Whoever claimed that was a better place to live is high off the trash in New Jersey.
Tdeezy… I wish you had touched a nerve.
because then I would have a trust fund and most likely not be posting on this website.
“You raise an excellent point 12:39.”
Well, actually I didn’t raise a point, I asked a question.
I live in PS, make 85k in tech, and live alone, for what it’s worth. As for the commute time to Union Square, it totally can take 40 minutes. Seriously. Sometimes it’s 20, sometimes it’s 40, and I’ve even had it take longer than that, although admittedly it’s rare to be that bad.
Oh, and re: murray hill – hoboken comparison: doesn’t Hoboken have way more fraternity types than Murray Hill? I dunno, as a native of NYC I tend to avoid NJ 😛
Most people who say it’s 40 mins from Park Slope to Manhattan have never been there, 1:11.
Technically, from my house to the first stop in Manhattan…Wall Street, it’s roughly 12 minutes. Happened to time it this morning.
“…Probably the 40 min journey into Manhattan from PS. It’s 15 min from Hoboken…”
Either you’ve never been to Park Slope or you’re joking. You could *walk* to Manhattan from Park Slope in 40 minutes.