Re:Freakonomics: How to Avoid a Bad Apartment in New York City
by jseliger on Wednesday September 29, 2010 @09:46PM
(#1741935)
I've got a couple of places in Dallas I'd gladly register to bitch about.
I hope they eventually expand too, but from what I gather the problems in NYC are vastly magnified because of a) how tight the market is due to height control restrictions on housing and b) the sheer cost of housing. I'm living in Tucson, AZ, right now and paying about $550 for a pretty nice one bedroom that would probably cost $2K in Manhattan and 1,400 in Brooklyn. If this one doesn't work out, I break the lease for $1,100, and although it sucks, I can find another place of similar quality relatively easily and am out a lot of money but not a catastrophic amount.
If I do the same in New York, I'm out a TON of money and have to do a lot of shopping, at least from what I understand.
I hope they eventually expand too, but from what I gather the problems in NYC are vastly magnified because of a) how tight the market is due to height control restrictions on housing and b) the sheer cost of housing. I'm living in Tucson, AZ, right now and paying about $550 for a pretty nice one bedroom that would probably cost $2K in Manhattan and 1,400 in Brooklyn. If this one doesn't work out, I break the lease for $1,100, and although it sucks, I can find another place of similar quality relatively easily and am out a lot of money but not a catastrophic amount.
If I do the same in New York, I'm out a TON of money and have to do a lot of shopping, at least from what I understand.