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Re:The Average New Yorker Spends $10,454 in Upfront Costs fo... by ChrisLTD on Tuesday February 20, 2024 @08:44PM (#39449265)
What’s the median upfront cost?
Re:The Average New Yorker Spends $10,454 in Upfront Costs fo... by garciasn on Tuesday February 20, 2024 @09:09PM (#39449407)
Yes. That would be great info.

It is infuriating that they keep using the median household income compared to the average upfront cost.

Re:The Average New Yorker Spends $10,454 in Upfront Costs fo... by shredprez on Tuesday February 20, 2024 @10:47PM (#39449928)
Where broker’s fees are concerned, up-front cost is typically first and last month’s rent, plus the broker’s fee, which can be as low as one month’s rent or as high as 15% of the annual rent total (almost twice the cost of a single month’s rent).

Apply the rules above to whatever the average rent is for a given neighborhood, and there you go.

Re:The Average New Yorker Spends $10,454 in Upfront Costs fo... by MattPalmer1086 on Wednesday February 21, 2024 @03:15AM (#39451310)
Right, what I came here to say.

The old joke is somewhat relevant: "Bill Gates walked into a bar. Everyone was a millionaire, on average!"