NYT: Not all retired people can comfortably afford a three bedroom apartment in NYC.

I still work and can't afford a 3 bedroom in NYC. Live within your means and when the time comes retire to another part of the country.

Coach wrote:

I still work and can't afford a 3 bedroom in NYC. Live within your means and when the time comes retire to another part of the country.

You better not let a Democrat hear you say that.

I am a democrat, as are most NYers.

Everyone has a right to live in the most expensive place in the country!!!!!

jfiv wrote:

Coach wrote:

I still work and can't afford a 3 bedroom in NYC. Live within your means and when the time comes retire to another part of the country.

You better not let a Democrat hear you say that.

Wow, so you non-demorcrats are good at distorting the truth (or just plain lie about it) like the OP?

The article is about normal NYers's extraordinarily high housing expense. It is not focused on people in retirement, nor is it about 3-bedroom apartment.

Liers.

uhmmm... wrote:

jfiv wrote:

You better not let a Democrat hear you say that.

Wow, so you non-demorcrats are good at distorting the truth (or just plain lie about it) like the OP?

The article is about normal NYers's extraordinarily high housing expense. It is not focused on people in retirement, nor is it about 3-bedroom apartment.

Liers.

So you couldn't even read the first vignette?

It's Bush's fault

In fairness to my comrades at the NYT, when they chose not to run the ap story which revealed that more than half the people who were granted access to Clinton while in the state department had donated a total of $165,000,000 to her foundation. Want time with Hillary? Right is a check.

With all that blank space to fill, they showed some real journalistic skill in breaking the story that rent is high in NYC.

The rent it too damn high!

Mr. Obvious wrote:

The rent it too damn high!

The rent was high 41 years ago....studio was $300, which would be over $1300 today.

. It is called inflation.

Coach wrote:

I am a democrat, as are most NYers.

You didn't build that.

Where do we start? Where are these three-bedroom apartments in NYC anyway? In my part of Manhattan, they do not even exist.

Secondly, most people cannot even afford a one-bedroom apartment in NYC.

Coach wrote:

I still work and can't afford a 3 bedroom in NYC. Live within your means and when the time comes retire to another part of the country.

Why should moving away from your lifelong home, social roots and familiar surroundings be a retirement requirement?

Even if the Rego Park resident down sized to a one bedroom the market for one bedroom is currently in the $1400 and up range in his area. . . and those are few and far between these days. Downsizing does not equate to a reduction in rent. He is financially better off in his too large empty nest.

He does have an option. Many landlords would gladly move him into a small stabilized unit in the building when it came opened without the 20% new lease fee in order to free up the 3 bed unit. With the 20% bump and the allowable charges for improvements new fixtures windows etc that the landlord could legally add to the apartment base rent it would be close to top end of the stabilized range and close to becoming destabilized. Market rate for a 3 bedroom shows less than half a dozen at 2800- 3,000 per month with the bulk of the listings in 3,000 to 3500+ range.

wineturtle wrote:

[quote]Coach wrote:

I still work and can't afford a 3 bedroom in NYC. Live within your means and when the time comes retire to another part of the country.

Why should moving away from your lifelong home, social roots and familiar surroundings be a retirement requirement?

/quote]

Because no one is entitled to live wherever they want just because they were born there.

Make the Millenials pay for everything for us Baby Boomers.

Rent subsidies, free concert tix, food stamps, free medical and marijuana, Viagara, boob lifts...

If you can't afford where you live either continue to work or move.

By the way Wineturtle I live in Queens and will continue to live there when I retire. I chose an affordable area as should most. Too many idiots are willing to spend their salaries on housing and complain about it, asinine.

Yeah, but you live in Queens.