Why is it so hard for people to understand that as population increases, either the number of homes increases at the same rate, or the price will increase since demand is going up faster than supply?
I lived in NYC my entire life until I moved to NJ two years ago. I do pay quite a bit more monthly in rent but I have the same square footage and it's in a brand new building with all modern appliances, I see magnificent sunsets, I have all the necessary amenities and am near shopping and transit, and it's significantly quieter than NYC. However, more and more buildings are being constructed everywhere in my neighborhood and most of those apartments are smaller than mine but the rents are way higher, thus the rising cost of living out here. I actually wanted to move into one of the newer buildings but can't justify paying the increase. Like they say in the video, this isn't just gentrification, this is greed by building owners. And if you take a good look at where all the new buildings are going up whether in sections of the boroughs of NYC or in NJ, what else do you see near all these buildings? Storage facilities and it doesn't matter when it's Life Storage or Cube Smart, Safeguard Storage, they are independently owned and it's the owners of these buildings that own these storage facilities. They purposely make apartments nice BUT smaller, and people moving in don't want to get rid of all their stuff so they'll rent a storage locker, basically higher rent to live in the building PLUS a monthly storage fee for the stuff they can't fit in their apartment. So now you're paying $2,500 or way more a month for rent PLUS $100+ a month for storage.
It's bad where I live. I used to live in Brooklyn myself now live in Indiana. Whenever I come back I see how different is. Sadly the neighborhood I live in Indiana went from black to Mexican and a few whites
Yes I can’t even walk through my neighborhood, bedstuy anymore because it makes me nauseous how much gentrification has wiped out almost everything and everyone I grew up with.
Bedstuy where I live is probably the fastest affected area of Gentrification in Brooklyn. Was just talking to and teaching my kids today about Gentrification as they asked me about how and why the neighborhood has changed so fast and why everything has become so expensive, and I told them what many fail to say or wont admit that the root cause IS GREED PLAIN AND SIMPLE.
It was never our neighborhood. We’re renters. When it’s time to move, move. It sucks but it’s not the end of the world. People relocate halfway across the globe to come here. We’re complaining about moving to another neighborhood or boro? It’ll be ok people
Ppl have lived in these neighborhoods forever they don’t invest into it and never take action to protect themselves, when ppl come in and so just that. Its a problem
Some of these neighborhoods, you never step foot in back in the days. Now it's much safer and cleaner. People need to to adapt to change, it's part of life.
That's totally false, not true. Whatsoever. Brooklyn has never been super expensive, like it is now all the housing projects and all the low-income housing have always been affordable since the 70s. When I lived there but nowadays, the generification is horrible and many states all the way to california and florida
@jasontomica8938 they interviewed people in Park slope and surrounding areas for this fluff piece. I paid $1, 200.00 for a one bedroom in Park slope, 24 years ago. My friend had a share up the block at the same time. She paid $1,000.00. In 1999 I lived in bed Stuy, I had a garden apartment - it was $900.00. In 2002 I had a studio in Crown Heights, it was $900.00. "Cheap" where? These prices weren't overinflated either, they were standard. The last cheap neighborhoods I know of were Bushwick and Brownsville. In the year 2000, I was seeing apartments around there for $600.00 . I have no idea what they cost now but they were the last two holdout areas. I'm sure those prices are long gone.
@@lisabrightlyMy father was paying $450 for a three bedroom in Bushwick in 1987 and brought a house in Ridgewood queen then sold it for $100,000 in 1994
@@shreddersaurusrex323 Haiti, Sierra Leone, Mozambique, Zimbabwe and cities such as Detroit, MI - Baltimore, MD - Jackson, MS - Memphis, TN. What about the average residents of these gems‽
@@LikeLikeLikeLikeLke The migration surges have always settled down. That's why Nyc was once known for being Italian, Jewish, Black, Irish, and Puerto Rican at one time. While people are constantly moving into the city, it does not qualify as a "surge" at all. I saw the 70'-late 90's in Brooklyn firsthand growing up there.
Translation a white nepo baby who live in Manhattan all my life always had silver spoon in my mouth and don't over or innerstand what's it's like to have colonizers come and take over everything. B/C of my complexion I can get a job w/o even being qualified for it. Can get a more than decent liveable salary. And can afford w/e crazy amount of unaffordable rent. Stfu
@@LikeLikeLikeLikeLke I can tell you don't live in NYC area, my local (Brooklyn) home depot, daily, I see least 20+ migrants daily waiting for work.. normally its just around 2....
Brooklyn is OVERRATED!!! It’s a cesspool of shit!! These people are fools. The landlords will get top dollar. That’s their best interest. When you own real estate, you’ll figure that out quickly!
Get kicked out of Brooklyn because you cant afford it. Then look back at it with a smile saying, at least its not a ghetto anymore. YOU REALLY think like that?
I guess you don't know about the history of Brooklyn? Brooklyn has always been a ghetto it birthed Al Capone, Louis Buchalter aka Lepkey and I can name so many ghetto people like Joseph Colombo and Frankie Yale that was born in Brooklyn NYC. Don't come changing history it was always ghetto in Brooklyn.
Truth be told the city shot itsself in the leg. There is alot of 4 to 6 multfamily rent stablize building for sale going cheap. But alot of small investors like myswlf are not willing to take the risk cause there is no profit and the current owners will end up selling to larger investors who has the money to demo the building and put up this large condos or luxury rental that only the high earners can afford .
That's a lie never like that in history has it been all these changes like that that takes that rips people from their homes know this is beyond anything you can imagine
Why you do not compete with rich people and you become rich too . A lot of rich people shared on youtube how they became rich it is just hard work and focus on making money instead of spending money and relying on a job .
No no I wouldn't buy anything in the historic area historic means you can't afford it people want want to buy a piece of what used to be because they think they can be like it used to be no
People can't afford to live anywhere in the country set alarm New York why would you even stay in that City that city is not the same like it was 50 years ago
and with the new broker fee law that was just passed. just about if not all of the best places in brooklyn will now end up going to the people with money. cause people with the money are going to be the ones that will be willing to pay the broker fees so that they can get the apartment they want a lot. instead of knowing that the landlord will stonewall brokers. brokers will always pick the people with the better deal. remember people need landlords. landlords don't need people. so yeah Gentrification is now going to go into overdrive.
You're about. 15 years late with this
There is no housing shortage. Housing is unaffordable period.
Obviously.
Why is it so hard for people to understand that as population increases, either the number of homes increases at the same rate, or the price will increase since demand is going up faster than supply?
Exactly
I lived in NYC my entire life until I moved to NJ two years ago. I do pay quite a bit more monthly in rent but I have the same square footage and it's in a brand new building with all modern appliances, I see magnificent sunsets, I have all the necessary amenities and am near shopping and transit, and it's significantly quieter than NYC. However, more and more buildings are being constructed everywhere in my neighborhood and most of those apartments are smaller than mine but the rents are way higher, thus the rising cost of living out here. I actually wanted to move into one of the newer buildings but can't justify paying the increase. Like they say in the video, this isn't just gentrification, this is greed by building owners. And if you take a good look at where all the new buildings are going up whether in sections of the boroughs of NYC or in NJ, what else do you see near all these buildings? Storage facilities and it doesn't matter when it's Life Storage or Cube Smart, Safeguard Storage, they are independently owned and it's the owners of these buildings that own these storage facilities. They purposely make apartments nice BUT smaller, and people moving in don't want to get rid of all their stuff so they'll rent a storage locker, basically higher rent to live in the building PLUS a monthly storage fee for the stuff they can't fit in their apartment. So now you're paying $2,500 or way more a month for rent PLUS $100+ a month for storage.
Wait until people find out that corporations and private equity have a huge hand in increasing prices. Corporate greed
Aw changing neighborhoods! 🙄 Now they know how we feel!
Only difference is that we always IMPROVE neighborhoods and they incessantly IMPAIR them.
@@ossoduro7794oh well, now it’s so expensive that you can’t live there either 😂
They ain't gonna change Brownsville probably, cuzz Imao 😂
It's bad where I live. I used to live in Brooklyn myself now live in Indiana. Whenever I come back I see how different is. Sadly the neighborhood I live in Indiana went from black to Mexican and a few whites
Sounds like an improvement for your Indiana neighborhood.
@@ossoduro7794ever since yall came from Europe it’s been a problem
When every race is saying cost is getting out of hand, it’s definitely not that complex
Less basketball people
Yes I can’t even walk through my neighborhood, bedstuy anymore because it makes me nauseous how much gentrification has wiped out almost everything and everyone I grew up with.
Good
@ your brain couldn’t process more than 4 letters but you were just dying to say something spicy huh 😂
Bedstuy where I live is probably the fastest affected area of Gentrification in Brooklyn. Was just talking to and teaching my kids today about Gentrification as they asked me about how and why the neighborhood has changed so fast and why everything has become so expensive, and I told them what many fail to say or wont admit that the root cause IS GREED PLAIN AND SIMPLE.
Actually the reason is clean plain and simple (you're just mad that brooklyn isn't ghetto anymore. Obviously)
My progeny has been enlightened about how lines used to be read, and rightfully so.
Bedstuy started to. Change about. 15. Years. Ago. I wouldn't say. That's fast
@@LikeLikeLikeLikeLke Brooklyn Is still very ghetto. Lol. Downtown isn't. As. Ghetto. BUT STILL SEE GHETTO STUFF. ALONG THAT AREA gentrifier
@@Militantreturns bedstuy started to change when your mumma left
Rents in general are too high period!
Yesss way to high paying thousands for apartments is ridiculous
Many people are leaving NY.
Including me TEXAS her I come
Yes it’s an issue. Prices change stores change and it’s not fair.
Its part of life..I lived many years in California but couldn't afford it anymore and moved to another state, bought a small house and Im good..
It is not.
It is not.
Not it’s not
Until they gentrify your new neighbor. Everyone doesn't have the luxury to pick up and jump states. Careful what you celebrate now
@@impassable Screw it! We must ignore greed, be quiet, and go with the program..
$12 for a bag of rice the price is going to go up since congestion pricing starts in January
Hmm SEEMS like NYC Operating like A Business instead of A City with Opportunities for Working Class Or Homeless Bottom line ➡️ RENT TOO DAMN HIGH.
rent is too high because the salaries are too low, wages need to go up to keep up with the changes
Interesting
It was never our neighborhood. We’re renters. When it’s time to move, move. It sucks but it’s not the end of the world. People relocate halfway across the globe to come here. We’re complaining about moving to another neighborhood or boro? It’ll be ok people
Ppl have lived in these neighborhoods forever they don’t invest into it and never take action to protect themselves, when ppl come in and so just that. Its a problem
They build these skyscrapers and still the same amount of parking spots and room on streets nowhere to park.
Sad !
Some of these neighborhoods, you never step foot in back in the days. Now it's much safer and cleaner. People need to to adapt to change, it's part of life.
Nah stop colonizing
20 years too late to complain about it now..
By a building in New York that's expensive.
All the neighborhoods featured here have been expensive for decades 😒
That's totally false, not true. Whatsoever. Brooklyn has never been super expensive, like it is now all the housing projects and all the low-income housing have always been affordable since the 70s. When I lived there but nowadays, the generification is horrible and many states all the way to california and florida
@jasontomica8938 they interviewed people in Park slope and surrounding areas for this fluff piece. I paid $1, 200.00 for a one bedroom in Park slope, 24 years ago. My friend had a share up the block at the same time. She paid $1,000.00. In 1999 I lived in bed Stuy, I had a garden apartment - it was $900.00. In 2002 I had a studio in Crown Heights, it was $900.00. "Cheap" where? These prices weren't overinflated either, they were standard. The last cheap neighborhoods I know of were Bushwick and Brownsville. In the year 2000, I was seeing apartments around there for $600.00 . I have no idea what they cost now but they were the last two holdout areas. I'm sure those prices are long gone.
@@lisabrightlywhat are you complaining about? That’s good
@@lisabrightlyMy father was paying $450 for a three bedroom in Bushwick in 1987 and brought a house in Ridgewood queen then sold it for $100,000 in 1994
They cry about disinvestment as they destroy an area, then snivel about gentrification when others try to fix the damage.
@@ossoduro7794 exactly
The average residents don’t destroy the neighborhood. A small amount of troublemakers can ruin things for the majority unfortunately.
@@shreddersaurusrex323 what do harlem, bedstuy, east new york, yonkers, and coney island have in common? I'll wait.
@@shreddersaurusrex323 Haiti, Sierra Leone, Mozambique, Zimbabwe and cities such as Detroit, MI - Baltimore, MD - Jackson, MS - Memphis, TN. What about the average residents of these gems‽
Go tell that to your kinfolk in Kensington Philadelphia, Appalachia, Kentucky and everywhere else you can find your trailer park folks.
Ive been in NYC my entire life and its always been this way. The migrant surge didnt help. Deal with it.
When has there not been a migrant surge
@@LikeLikeLikeLikeLke The migration surges have always settled down. That's why Nyc was once known for being Italian, Jewish, Black, Irish, and Puerto Rican at one time. While people are constantly moving into the city, it does not qualify as a "surge" at all. I saw the 70'-late 90's in Brooklyn firsthand growing up there.
Translation a white nepo baby who live in Manhattan all my life always had silver spoon in my mouth and don't over or innerstand what's it's like to have colonizers come and take over everything. B/C of my complexion I can get a job w/o even being qualified for it. Can get a more than decent liveable salary. And can afford w/e crazy amount of unaffordable rent. Stfu
It’s been a migrant surge since Ellis Island
@@LikeLikeLikeLikeLke I can tell you don't live in NYC area, my local (Brooklyn) home depot, daily, I see least 20+ migrants daily waiting for work.. normally its just around 2....
Who wants to go through this. Well thats the greatness of America
Brooklyn is OVERRATED!!! It’s a cesspool of shit!!
These people are fools. The landlords will get top dollar. That’s their best interest.
When you own real estate, you’ll figure that out quickly!
Exactly .....the Caucasian who live in Brooklyn are there. Because they "re. To broke to live in Manhattan
Now all y'all from New York and you're surrounding areas moving here to the south forcing us out.
You need high income parts of the city to pay for the subsidized parts of the city.
Tom from Georgia does not care if rent is $4-5k. His dad got money you don’t.
Equality for Flatbush ❤
On the other hand, they handle dedt card to immigrants, and the casting system is real in crown heights
Been happening the past 20 yrs
You can raise organic food all you want in that City you're not going nowhere
Great story!
Y'all blindly devour MSM's narrative and rhetoric, don't ya‽ Y'all have no idea how foolish you look regurgitating it.
They say ignorance is bliss.
Basically They Want Y'all Out of Brooklyn 🤷
Brooklyn not ghetto no more is a positive outcome.
Gentrifiers made Brooklyn lame lol
Get kicked out of Brooklyn because you cant afford it. Then look back at it with a smile saying, at least its not a ghetto anymore. YOU REALLY think like that?
I guess you don't know about the history of Brooklyn? Brooklyn has always been a ghetto it birthed Al Capone, Louis Buchalter aka Lepkey and I can name so many ghetto people like Joseph Colombo and Frankie Yale that was born in Brooklyn NYC. Don't come changing history it was always ghetto in Brooklyn.
@@mclarenfan2 brooklyn was always gay
@@charleswidmore1071 nah it’s queens and Manhattan that’s gay
Truth be told the city shot itsself in the leg. There is alot of 4 to 6 multfamily rent stablize building for sale going cheap. But alot of small investors like myswlf are not willing to take the risk cause there is no profit and the current owners will end up selling to larger investors who has the money to demo the building and put up this large condos or luxury rental that only the high earners can afford .
Sound the alarm.... Back in 1995.
That's a lie never like that in history has it been all these changes like that that takes that rips people from their homes know this is beyond anything you can imagine
I thought all whites and Mexicans were moving to Florida and Texas.
Being from Bushwick I can relate. They have officially took over everywhere
Why you do not compete with rich people and you become rich too . A lot of rich people shared on youtube how they became rich it is just hard work and focus on making money instead of spending money and relying on a job .
In order to make money, you have to have money…
@@venusa4871 That's nonsense. Where does the initial sum of money come from‽ Handouts‽
No no I wouldn't buy anything in the historic area historic means you can't afford it people want want to buy a piece of what used to be because they think they can be like it used to be no
People can't afford to live anywhere in the country set alarm New York why would you even stay in that City that city is not the same like it was 50 years ago
do you mean like the '70s?? you are right, it is not....
These people obviously want brooklyn to be ghetto. They're like, "yall gone make me act a fool, up in here, up in here"
Mayo alert
@ diabetes alert
@ unbeweavable alert
@LikeLikeLikeLikeLke yea your mom does wear a wig doesn't she
@@Militantreturns "yall gone make me lose my weave, up in here up in here" hahahahahaha
It exposes the system ability to do something but choose not too.
and with the new broker fee law that was just passed. just about if not all of the best places in brooklyn will now end up going to the people with money. cause people with the money are going to be the ones that will be willing to pay the broker fees so that they can get the apartment they want a lot. instead of knowing that the landlord will stonewall brokers. brokers will always pick the people with the better deal. remember people need landlords. landlords don't need people. so yeah Gentrification is now going to go into overdrive.
Mumbo jumbo world record. You're new name is "OG Mumbo Jumbo"