Recent comments in /f/nyc

NetQuarterLatte OP t1_jcg576m wrote

https://www.cbsnews.com/newyork/live-updates/nypd-says-three-manhattan-shootings-may-be-connected/

>"I just want to commend the community members of the Upper West Side. Their quick diligence for calling 911, and the observations they made. These actions by this community up here allowed our precinct officers from the 20 precinct to quickly apprehend who we believe to be the shooter, firearm recovered, and no further incidents," said NYPD Chief of Patrol John Chell.
>
>...
>
>A motive in the shootings still hasn't been determined, but investigators for now believe they're gang-related.
>
>Anyone with any information is asked to call the NYPD's Crime Stoppers hotline at 1-800-577-TIPS (8477), or for Spanish, 1-888-57-PISTA (74782). You can also submit a tip via their website or via DM on Twitter, u/NYPDTips. All calls are kept confidential.

14

jay5627 t1_jcg1m2a wrote

People throw out large numbers to make a point, but a sizeable amount of those units are in really bad shape, and financially not worth it for the owner to fix since they won't be able to recoup the costs because of the rent control/stabilization laws.

People freak out about a lot of things, doesn't make them right. I do think we're mostly aligned, though.

Current market, if it's a walk up, no doorman, around $2500. With amenities, I'd say $3500

9

ejpusa t1_jcg1lgn wrote

On Zillow my UES is a sea of rentals. The average income is well into the 6 figures.

People want $700 a month apartment, it’s unrealistic, but it’s their hill to die on for them.

NYC has the greatest amenities in the world, to have that all $0? Just don’t that’s possible. Figure that should average out to about $50 extra a day vs living in Cincinnati.

0

ejpusa t1_jcg0zbg wrote

Yes, we’re prototyping AI systems to make city living more manageable. Also healthcare.

The new ChatGPT 4 is mind blowing.

I’ll leave with this quote from the CEO himself:

> Google CEO: A.I. is more important than fire or electricity.

Suggestion? Don’t fight it, learn it. Like today. There is no going back.

https://www.cnbc.com/2018/02/01/google-ceo-sundar-pichai-ai-is-more-important-than-fire-electricity.html

−2

rupertalderson t1_jcg063e wrote

For the sake of completeness:

The MTA operated 9 bridges & tunnels in total. Some tolled bridges are operated by the Port Authority (GWB, Lincoln Tunnel, Holland Tunnel, Goethals, Bayonne, Outerbridge) or the NYS DOT. All NYC DOT crossings are free, as are all (I think) NYS DOT bridges.

1

ejpusa t1_jcfzyba wrote

Who knows? My last apartment, now totally sealed up almost 4 years now.

People are freaking out that they want to pay no more than $700 a month for a NYC apartments. Anything else is robbery! And blame it all on Airbnb.

Just think that’s unrealistic.

What is your number? 1 bedroom, UES, awesome neighborhood, pretty much zero issues.

What should be the rent?

−5

99hoglagoons t1_jcfzct9 wrote

Oh yeah. I was just putting the not-for-profit concept out there. Even if implemented today at a large scale, it would take decades to see any meaningful results. And it's not happening anyways.

> we just fix our renting rules to be more equitable.

This part is going to continue to be a mess. The 2018 IAI reform was well meaning and intended to prevent landlords from evicting long term tenants in order to deregulate units or just significantly jack up prices through various improvement clauses. Or as I call it: "The great dishwasher revolution of 2010-2018". I didn't know a single person who had a dishwasher in NYC prior to that time period, man.

End result of that reform? Landlords are hoarding apartments they deem unprofitable and are waiting for regulatory winds to change. You could throw in clauses to prevent this, but hand of capitalism is insatiable. They keep finding different ways to circumvent. Combine units to deregulate is the latest and greatest. That empty unit is waiting for an adjacent unit to become vacant so they can go to work.

> Every major city around the world is currently experiencing an affordability crisis

Direct result of almost zero interest loans that have turned real estate into a wealth hedging tool. The recent uptick in interest rates is the best thing that could happen to affordability, but even that will take a decade plus to play out, and most likely it will not be allowed to play out. Interest rates will drop to near zero again just in time for corporations to buy out the next round of foreclosures.

We've been through all of this before.

6