Current Events > Wait. In NYC you need a guarantor who makes 80-100 times your rent to get lease

(+) Yeah! (+)

https://www.youtube.com/watch?v=Al4wPw6WZEs

If you dont make 40 times the rent by yourself. So lets say the rent is $2,500. You either need to make $100,000 a year or know someone who makes $200,000-250,000 a year wtf.

That... doesn't sound right

Paying all that money just to live in New Rat City. I went to NYC one time and a crazy guy standing in an intersection spat on me and the girl I was with and then went on to attack other lone women and nobody did anything about it they just all acted like this is normal and accepted behavior in their society. Vile vile place

Yea thats correct, I used to work as a rental real estate agent in the city and a lot of foreign college/university students would get apartments with their parents as guarantors. A lot of people who live in the nicer parts of Manhattan are rich foreigners

Some people need to make tutorials on how to get out of the expensive cities if they can't afford it.

TaylorHeinicke posted...

That... doesn't sound right

Looks like that is a thing.

https://www.6sqft.com/everything-you-need-to-know-about-using-a-guarantor-in-nyc/

Looks like you need a good credit score too. So if you dont have a credit history you could be screwed for that as well.

Its like three times in my city. If rent is $2500, then you must make Ike 90k just to be considered for it.

I'm cool if they stay there, what do you think happens to places when NYer's move out of the city and into other areas. You'll get what happened to my old hometown (Jersey City) where they push out a lot of longtime residents and gentrify the whole area. Albeit the whole area looks nicer and cleaner, but they could've done that before with the longtime residents and only did it when these white yuppies moved in.

deanshow posted...

I'm cool if they stay there, what do you think happens to places when NYer's move out of the city and into other areas. You'll get what happened to my old hometown (Jersey City) where they push out a lot of longtime residents and gentrify the whole area. Albeit the whole area looks nicer and cleaner, but they could've done that before with the longtime residents and only did it when these white yuppies moved in.

the thing is NYC has a constant supply of new people coming in so it doesnt suffer from the same issues as other large metropolitan cities have like Detroit or something

VeggetaX posted...

Some people need to make tutorials on how to get out of the expensive cities if they can't afford it.

Do you really want to those rich New Yorkers moving to your town and driving up the rents/housing prices?

SupermanLost posted...

So if you dont have a credit history you could be screwed for that as well.

it's a load of BS tbh

SupermanLost posted...

Do you really want to those rich New Yorkers moving to your town and driving up the rents/housing prices?

If they really rich they wouldn't be moving to my town? And the purpose of people living in the big expensive cities moving out is to live a more affordable lifestyle, not to fuck everyone else over. If that's the case then yeah these people don't needa come here.

Which is why work from needs to be standard for all office jobs. If people don't have to live in these cities then the rent can actually go down for those that do. Which is the 2nd biggest reason there is such a push to get people back into offices. The 1st being that commercial real estate in the form of office buildings don't need to exist for the most part if people are working from home.

David1988 posted...

the thing is NYC has a constant supply of new people coming in so it doesnt suffer from the same issues as other large metropolitan cities have like Detroit or something

The problem is the people that flee NYC also drive up prices around the east coast areas and most of them do it without understanding the damage they cause to other towns and neighborhoods.

Btw, these rules arent for every place in the city. In fact, small time landlords dont give a shit about meeting those requirements like 95% of the time. Those rules generally only apply to large property holders and more specifically large property holding companies with apartment complexes in Manhattan. Apartment complexes in the Bronx for instance doesnt have nearly the same stringent standards

deanshow posted...

The problem is the people that flee NYC also drive up prices around the east coast areas and most of them do it without understanding the damage they cause to other towns and neighborhoods.

thats true for sure, i travel to Philly a lot and anecdotally hearing how prices have gone up with more New Yorkers coming to town. I hear thats also going on in the west coast with Californians moving out.

David1988 posted...

I hear thats also going on in the west coast with Californians moving out.

they did it with northern oregon. rent is 1.5k if can find a place.

used to be far more reasonable.
looking south they're not experiencing much of a rent problem (though it's the crappiest part of the state) based on crime.