NYC is Forcing Out its Middle Class… Forever
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- เผยแพร่เมื่อ 15 ม.ค. 2024
- A new study shows that middle income new yorkers are leaving the city while millionaires are moving to NYC. Why is this happening?
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Not just New York, America has abandoned the middle class.
Not in TN, check out Living In Tennessee.
The federal government of Canada is burning the middle-class at the stake. I just got my property tax assessment. It went up 26.5%.
No it hasn't. They need more middle class to pay taxes
The wealthy never stopped trying to have slaves. Lincoln just made them have to work for it
@@icouldjustscream Owning nothing is the requirement, being happy is optional.
A lot of people, especially foreigners, believe NYC is the place to be to achieve "the good life." In reality, NYC is the place to be once you have already achieved "the good life."
Well said lived here my entire life
Captain Obvious
Even after you’ve gotten enough money to live there, it’s debatable. Yeah there’s stuff to do but there are a lot of other things that suck about the city.
No shit!
Or were born to parents who lived 'the good life'. 😁
One of my college professors back in the late 90's told the class that the middle class was going to disappear. This was an education class, and part of the reason I chose not to go into education. She also discussed declining literacy (this isn't unique to Alpha generation).
This is the result of decades of decisions, both locally and federally, meant to benefit corporations and billionaires at the expense of everyone else. Uneducated and poor takes what it can get.
If you liquidated every billionaires assets, which, by the way, are primarily in the form of capital producing businesses, you couldn’t run the government for more than six months… crappy policies based on fake altruism and entitled economic illiteracy is what’s causing this, and then what a perfect skate goat you have- anyone who isn’t poor. It’s a pattern that’s repeated in history many times over the past hundred years. From the Bolsheviks to Maoist’s, to Zapatistas.
If they make it unaffordable for most people, who’s going to clean their toilets and take care of their children? Who is going to serve them? Do they think that poor people are going to live near them?
Finally someone that gets it
Yep
Inflation is a tax on the poor and middle class. The ultra wealthy can afford private security (with guns) and they can buy up what lower classes sell when they move.
I have a childhood friend who's a liberal college professor in California. He bitches about the taxes but won't leave because of golden tenure handcuffs. I have another friend who used to be an economics professor in California, did the math, and moved to Tennessee. He wrote a great book called Taxes Have Consequences.
Voters get the government they deserve and NYC is a classic example. I loved it there in the nineties after Giuliani cleaned it up. It's gone back now to the way it was before.
It’s happening all across the US. Hedge Funds buying up all housing to rent… rent is skyrocketing everywhere and dysfunctional Congress is too stupid to address the problem. It’s very bad here in Atlanta.
It’s not that congress is stupid, but it’s in congress’s best interest to ignore the problem cuz it’s gonna make them more $
Because the congress is part of it, they gain share from profit
Every member of our Congress is invested in those hedge funds and are therefore, millionaires because of them. Hedge funds and high prices (rent, etc) are not going away !
It’s bad government policies causing this.
Purely Blaming the rich is lazy and a sophomoric understanding of all this.
@@Gob-is3syplease name those countries
It won’t happen - but I’d love to see all the essential services workers just completely walk away from these dystopian cities. Let the rich realise just how they rely on these people and services.
They will be given subsidies to live under the elite.
Will be replaced by the AI they develop
it would be nice but tptb would make life miserable for anyone trying unless it was everyone ala Atlas Shrugged which originally going to be called The Strike.
If this were to happen, the rich would stand firm. They know that if push comes to shove, they can take their wealth else where, and leave the workers with nothing.
But until that time comes, they can sway public opinion by labeling those who leave as "lazy" and "greedy." We've already seen this happen when covid restrictions were lifted, and workers began to demand fair compensation.
The truth is that the rich will outlast the poor.
They will just give the jobs to all the new people they have brought in. The people the tax payers are paying for.
To sum this up: citizens will need to pay more taxes and fees, in return the city will provide less services.
Don't blame just the city, blame the Corpos buying all of the property and raising rents/prices. Higher prices = higher tax revenue, but also kills the city so the city council is stuck not helping between the two. By your picture you're a boomer/early xer though so I don't really expect you to blame capital.
Just be a migrant, problem solved
Yup I’m sure it’s because of taxes, dummy.
@@echoct506fyi this was not allowed in china bcs they know it would end up bad for everyone apparently we didn't learn from 98
Nope. This is the speculative housing market pumping up prices. Also it's weird that no one ever mentions that Trump basically inherited half of New York's properties and was a significant contributor in this price hiking.
My bf who is a New Yorker was in absolute awe when he watched a fully automated trash wagon pick up and clean a public trashcan with underground storage in the Netherlands.
I believe you. You see here in the USA government and corporate media had been selling us this fantasy about how great this country is. The fact is the USA is just a big circus where people gets entertained so we don't see the real facts
How much are taxes? What's the medical care like? How's rent?
Coming from a fellow Dutchie: the growth of taxes has been declining but everything is pretty expensive here too, medical care is taken care off (I can ride in an ambulance and never see a bill in for it) and we're in the middle of a housing crisis sadly.
@@Mars-yg2eyThe whole world is in a real estate crisis because of criminals who launder money and squirrel it away in expensive real estate properties that they don't even live in...
@@Mars-yg2eyllll
It’s bad in Australia too. Tens of thousands of people are fleeing our major cities. The cost of living is so high, I have no idea how young people are expected to get ahead. Scary times
Y'all have a lot of desert. Here in the U.S. we have desert oasis cities. Maybe time to start utilizing your deserts more.
Eh, you do not earn that much from that either. Only some 1% of people earn the bank. Not to mention, most people do not feel comfortable doing that kind of job. I saw so many woman and man that will be able to do that, but do not want to. @mariajosequevedoserrano8130
They aren’t expected to go ahead. This is the design. And AI makes the poor worker less necessary every day. The idea is to have only the wealthy walled off in cities with everything they need. But first you have to decimate the cities to make them affordable to buy and flip.
You guys still don't understand depop. You are all part of the depop.
@@KuptisOriginalThis is the issue, here in Australia - speaking in tax terms - the government wants you to buy a second house. So people do but then that hurts people with no houses - causing them to blame just about everything else (gov, inflation, immigrants, etc). While they are factors they aren’t the main reason.
What's crazy to me is that it's unrealistic to stay in New York. I'm a native Floridian and we've seen our housing market severely impacted by NYers and people from the northeast moving here. And now the cost of living is skyrocketing, housing and rent prices are unreal, and our wages in Florida AREN'T NYC wages, but people with NYC money are moving here. It's not just a NY problem. It's an America problem. This country has abandoned its middle class. Social services and public services don't exist for us anymore.
Same here in Wilmington, NC. Lots of NJ and NYers. We have beautiful weather here year round… I get it… but dang! It’s making our rents higher !😅
And Philadelphia
So how do you guys solve this problem without one another from different sides of the political spectrum attacking each other for having different views on the way things should be done?
Your wages will eventually increase. This is actually a good thing overall, it balances out the extreme differences in the country.
I heard that the interstate bus routes might go next.
It’s not just NYC, America is crushing the middle class. It’s despicable.
In Europe, is the same game...
If we don’t band together and protest and do walk outs this will continue.
Not just America, most western countries are doing the same thing
@@kaylaEA_ in Germany, France ecc. the most people going on the steets and protest... only in Italy the people sleep 🤦🏻♀️.
I wonder how many people know how much the WEF has a saying in this (money being printed out of thin air, so that $,€,£ and so on and so forth decreases in value and regular citizens loose their purchasing power due to the costs of living artificially rising).
Nowadays there are only two main groups in the USA: the ruling class, who owns the means of production , and the working class, who sells their labor to survive.
You mean, in the last 1000 years we have lost the clerical class, from the three classes we once had ?
@@flexiblebirdchannelAh yes, the non-profits
Luis Rossmann covered this issue pretty extensively on his channel and he discovered the real reason rents arent dropping even though more people are leaving NYC than moving in is because the landlords arent allowed to according to their mortgage loan agreement. Financial institutions have an interest to keep property values high in NYC and include stiff penalties in mortgage agreements for landlords if they sign lease agreements below the minimum agreed amount. This is why you will see a building remain vacant for 10 years or more or rents continue to remain high even if half the building is empty.
This is a real issue! But no politician has the gall to go after these banks. Let alone fight for the middle class. I’m so tired of both sides!
5:42 Also, when he mentions the wealthier peoples’ income increasing 20%, we should also note the scale of that. 20% of $1 million is $200K. Meanwhile the middle class gets maybe 1% increase. 1% of $150K is just $1.5K. The rich get enough to support another child while the middle class get a peanut.
And what's crazy is in most of the country 150k is actually upper class. Median individual income is 50k
Also on a net tax basis. Obviously many NYers who make a million a year pay crazy high taxes and of that $200k half will probably go to taxes. But a lot of NYers own businesses and have tax write offs. And that $200k increase may even by completely tax free or be taxes at a much lower dividend or capital gains tax rate
@@mustang8206that was true 10 years ago but post covid inflation, $150k pretty much anywhere except remote rural areas is upper middle class at best
@@GK-gc9cv Actually that would you put in the top 9% of individual incomes in America. Being in the top 9% is definitely upper class. Just because you don't like it doesn't mean it isn't true
Oh please youre one of thise lib fools who makes 150k and still complaining? Hahahah. 150k middle class? Sounds like you have money management problems.
Our country is more and more moving into isolating financial classes and it sounds *SO* dystopian to think of cities with only one economic class especially when theyre still being serviced by lower class
Byron Bay - classic example
You’re laying the blame at the feet of the wrong people friend . it’s the people, claiming to be fighting the rich that are causing all of these problems in the first place. Unmitigated, economic migration, overtaxation and regulation, general mismanagement destroying businesses and economies, and then blaming the people that actually built them.
Dubai?
NYC is a total shithole. So - let's not pretend there is some elite 2,000 people that everyone is enslaved to. They are enslaved to DEM WELFARE!
@@Gob-is3sy yeah, no regulation and no tax will help the middle class for sure.
I started noticing the same things, like trash issues, housing prices, and even the fact that hotels are no longer affordable.
this video could not have been made at a better time - searching for an apartment for the first time in the city is leaving me absolutely dejected. It's impossible to rent unless you know someone personally with a six figure salary who's willing to guarantor for you. The wealth disparity in America is obscene
It's not the wealth disparity that is the problem.
New York is not America. And does not represent America.
Welcome to life bud
Im in the same boat. Apt hunting here is a nightmare
My takeaway from this is: wages aren’t keeping up with inflation and we are being nickled and dimed for everything today. This is reflective of everywhere in the U.S. but it hits harder in larger, more expensive cities like NYC.
My parents were immigrants to the city in the early 70s. Bought their 1st home within MONTHS of moving to NYC. Yet, today, you have college educated individuals with higher paying jobs barely qualifying for mortgages and are unable to pay their rent! You can’t blame spending money on avocado toast and Starbucks on that. There’s something seriously wrong here.
I haven’t lived in NYC in years- I love visiting but I couldn’t imagine what a struggle it would be to continue living there. Doesn’t seem worth it.
Your take from this is basic, wages could and will NEVER keep up with this kind of inflation, this was intentional.
So it's not just "wages aren't keeping up"
That's a victim mentality where you get to shift blame to your employer, no the government destroyed the economy and wages would never in a million years keep wmup with the inflation we've seen the past 3 or 4 decades combined.
Gotta stop spending taxpayers money on useless government spending.
💯 agreed.
So right-wing politics should be sent down the drain, corporations and speculative markets should be limited, and we should prioritise fair markets over free markets, and perhaphs not reelect a man who worked with the New York maffia, who has personally over 100 court cases where he settled with victims he frauded, who risked national security by stealing top-secret documents, who tried to blackmail Ukraine, who has the most lies clocked of any president ever, who by most implication has trouble reading legal texts (and in fact anything complex), who is obsessively on twitter all day, who has been born as the son of a president and estate magnate and inherited all wealth and connections from it, and now who has severe mental impairment and who has gotten billions of dollars from Saudi-Arabia, China and Russia during his presidency.
Hilarious that Reagan literally told everyone they’d only get a trickle in his economics plans 😂
No one has done anything to restore everything he tore down
@@Countcho when I say no one has done anything I’m referring to both the Democrats and Republicans who are different sides of the same coin. But go on with your tribal us vs them mentality that has done nothing to improve the average American especially these last twenty years. The government regardless of party has continued to do everything to enable corporate exploitation with little regard to its citizens
As a European who always dreamed of visiting US, this seems like a black mirror episode. How is the country, who has the most powerful military, having to cut down sanitation in a huge worldwide known city known for its lack of sanitation and make the residents pay more for it?
I would recommend visiting other cities. I always found Boston to be a better city overall than NYC.
Or, take a real trip and see a city like my hometown. Kansas City, MO. or Denver, CO. Or Houston, TX. The US is a huge place, and I would say other parts of it represent it better than our big cities these days.
The answer is corruption. That’s how. The amount of wealth in the financial district should equate to zero actual money based problems. Someone isn’t paying their fair share.
dude what the fuck? stop glorifying the US. Its quite literally a 4rd world country if you dont happen to be rich then you are colossally fcked. And also why would you even want to visit the US? The only thing you'll find there is sulfur laced tap water no matter where you go.
Because our “leaders” care more about their agenda and their money, than they do about us. It’s that simple.
@@aal862Exactly, want to find out what any problem is in the USA? Follow the money.
I'm one of them. NYC is my hometown. I never made more than 40K in any of my working years. I'm so glad that I left. There is so much more out there that you will never know until you go
As a Canadian from Toronto we understand your struggle.
I was looking for this comment, it’s the same right!
@@SikaR88 yup rough out here and the taxes -___-
The worst thing is the people getting rich are the people not contributing to society. We are rewarding people that hold assets like stocks, etfs, property but the real workers of society are getting screwed
Most of the wealth concentration that has occurred since Reagan has not gone to “job creators” but to “rent seekers”.
That’s what happens when people sell their skills for dollars instead of improving their lives with it.
Yup record high profits this quarter team what do you want on your pizza this Friday?
@@liamsdad33 And a reminder that we're only getting one pizza! That'll go straight to csuite for all their hard work. You're expected to chip in 10$.
The nature of capitalism
What I don't understand is how all the service workers - waste, cleaning, utilities, police, fire, and basic income people like checkout clerks live in a city. Without them the place grinds to a halt yet the city scorns them.
If I had to guess, a lot of them probably live out of the city but in driving distance, like North Jersey or something
If you're single you live with roommates, usually in North Brooklyn or Northwest Queens, sometimes Central Brooklyn, Central Queens. Depending upon how well you can manage your money you can get it down to one or zero roommates in some apartments in the outer boroughs or upper manhattan by the time you make 60k but you'll be very rent burdened. If you're in a couple you fare better and you're still in the outer boroughs, upper Manhattan, maybe Chinatown, the Lower East Side, or Alphabet City if you're lucky. A lot of people commute in from Hoboken, Jersey City, Long Island, Westchester, and New Haven. The rent is actually a lot better in two bedroom apartments with income split between you because all other expenses are split.
I make 80k before taxes working for the City; I'm in one of the most affordable single bedrooms, my rent is 2K, so my rent is half my income. I'm lucky for a single transgender man in my thirties, and I'm still struggling.
@@gee8419your last two sentences encompass perfectly what's wrong with this city. You shouldn't struggle with that income, yet you do. I would look for another job and move out of New York.
@@roaldruss4211 I can't move out of New York. Number one, I do not have the money to move, number two, moving as a trans person is nightmarish and potentially dangerous, number three I love living in New York. All of my friends, my support system, my COMMUNITY are here. The answer to a cost of living crisis should not be acceptance of forced displacement and it's very ignorant to suggest that the situation is as simple as just getting up and leaving, or to assume that someone even has anywhere to go should they leave.
@@gee8419 your right ... moving shouldn't be the answer. its like victim shaming. blaming people for not being able to afford to live in the areas they call home shouldn't have the answer of "well just move where its cheaper". That's an easy solution that requires no effort like asking a woman what she was wearing when bad things happened.
I've pointed out to people I work with who argue for congestion charges that all congestion charges will do will disproportionally impact those least able to afford it. Its shifting the responsibility those who are already struggling to exist instead of the people who should be doing something, like the government, making meaningful change.
Insightful video, makes one really think about what it takes to live in New York City long-term especially as someone who grew up there. The budget cuts to all of the departments really hits hard to someone considered "poor" in NYC when taxes come out to 30% of income. Great work!
Incredible watch ! thank you for keeping it so real and honest. London is the same now. poor public transport. punishing car owners. salaries exhausted midway through the month and a very alarming future.
"The upper class: keeps all of the money, pays none of the taxes. The middle class: pays all of the taxes, does all of the work. The poor are there...just to scare the shit out of the middle class." -George Carlin'
The rich actually pay higher taxes in huge amounts.
Carlin was right about everything
@@ladylestranj Yeah right.
That's why there rich and others are poor get the picture
@ladylestranj Not the smart ones. US tax code is a joke and easy to manipulate for your benefit if you know how. And trust me ppl like Bloomberg, Trump, Bezos they all know how. When I was running a console repair business even I did it to a small extent (The more money involved the more you can manipulate it (30% of $5 is nothing but 30% of 50k or 100k or a mil? Now you're talking. It's not even anything illegal either its all just there loopholes intentionally left in to be exploited
I live in Staten Island. Overnight, it seems every house with 3 bedrooms and 2 plus bathrooms is close to a million dollars. It’s outright insanity even in the boroughs. The rich can afford to live here and the poor get help and rent stabilization, while us middle class people get burnt from both ends.
Same here in Toronto!
blackrock did that.. wake up a bit buddy
blackrock...airbnb... private rentals...klaus schwaub... boy, we talked about this all 2021... try to keep up..
The big globalist corporations are milking the middle class to death! And it's global! That's the plan! Enslave the masses to the point of 98% being equally poor and then the Elite socialists control the 98% !!!
The people who bought houses in the 90s are still good
Love these reports! You are doing a great job!
Being a European I have always loved NYC. Have visited approx. 5 times in the 80s, 90s and beginning of 00s. Sad to hear what´s happening. Same thing is happening in some Europe´s big citites. Middle class is an endangered specie.
80% of your salary should NOT be for rent, that's a red flag, and i hope that women realizes she can live more comfortably anywhere else.
Problem is there are a lot of careers with basically no exposure outside of major metropolitan areas, but they don't pay like it. And there are a lot of people with chronic conditions that are basically entirely unserved outside of places with at least a few million of "official" population. And many people would like to live where they grew up.
There are a lot of frustrating reasons why someone might be financially stressed but not want to leave.
This video is altogether super misleading and stupid. NYC isn't just Manhattan. Manhattan is very small, especially the parts with all of the things going on. Very, very small. That's why the buildings are so high. You can live in Queens and pay one hell of a lot less. And her situation is likely that she works in Manhattan and either rents out a room or has a informal studio agreement, etc. You can rent a spot in Queens, and even parts of Brooklyn, for like 1500. This video is absurd. Also the "alternate" places to go like Memphis are places nobody wants to go to. Memphis has one of the highest murder rates in the US.
@@AlexMint Thats so understandable, but I wish better for anyone struggling financially bc its never ever a good thing💔
@@Official_KC ooh didnt know that about queens, i wish he mentioned queens here because it seems like he’s targeting all of ny as unrealistic to live in
@@Official_KCCheapest rents are always gonna be in The Bronx. It’s said there are now better options in The Bronx than in Queens or Brooklyn due to gentrification occurring because of this exact reason
Your channel has morphed from a lighthearted apartment tour to a serious documentary on “the streets of NYC”. I live in the Midwest, so not an intuitive understanding of life there, don’t trust or watch national news much so I have come to really appreciate your examination of what is happening to average people in light of current problems. Thank you for being willing to call this to our attention from the perspective of an average citizen. Keep up the mission.
yeah i have noticed the "I hate new york" vibe it has turned into as well. If it keeps up, I will still live in new york, but not this channel..lol
I started watching Cash in December 2020 when he was showing apartments. Loved him then and now I am SUPER impressed with this reporting skills. Cash is amazing.
@@Igrowyourbiz Just my take NYC has never been easy to live in, friends of mine were paying 1000. a month for those tiny immigrant apts with a bathtub in kitchen in East Village in the 80s. I think a lot of millennials moved there because of influencers that make it look like something it's not. If you want Paris move to Paris, its 1/2 the rent too.
@Igrowyourbiz are u blind to the problems in your damn city, now with the migrant crisis in full swing??? I mean really
New York (I've been in Brooklyn my whole life) lost its middle class during the Giuliani administration and the collapse of the WTC! After which it just got progressively worse and worse!
I lived in Brooklyn (NYC) for 45 yrs and moved to Philly last year. It’s close enough to visit and we get 3x more space for 3x less money depending on neighbor but at least there’s options.
Philly is incredibly underrated. I'm from NYC and went to college there and remember being able to use a mix of SEPTA, NJ Transit and the Subway to get home. It took a long time but it was cheap. My parents recently moved there from NYC and are happy.
I lived in both cities, West Village in the mid nineties and Old City in 2010 and they were affordable at the time. Had a blast in both cities. I would visit Philly over NYC though.
What a nightmare. I always thought in Germany and other countries of Europe the situation is fucked up, but in the states it’s even worse…
The rich are getting richer, the poor poorer. The middle class is being squeezed either up or down. This has been going on since the seventies.
I'm in a paid off house with a paid off car. I have savings and retirement income. I know I'm lucky. Now if I could stop all these fools calling to get me to sell my house. No way am I going anywhere . BTW. I don't live in NYC thank goodness.
don't get cancer
@@evhvariac2
Stating facts doesn't need to be bragging or complaining.
Ok thanks for letting us know. Since you're doign so well can you cut us a check ? My rent is due soon
@@TheChariot99 Bruh clearly grinded to get there. Just cause he has a slightly better hand doesn't mean he chops his own off to feed you.
he was mentioning the second line i suppose@@sweetmissypetuniawilson9206
The fucking sad part is my family sacrificed everything to immigrate here to this country. Settled in NYC and lived there for almost 15 years. Even after I move to a different state to escape this issue it's isn't just an LA or an NYC issue. This nationwide epidemic of the goddam rich owning virtually everything and squeezing the middle class out is kicking society back to the feudal system. You will no longer own your land, you will never own your vehicle. Everything is moving to rent, lease, and subscription model. Kinda sad but it's not even a crazy idea for me to move back to my birthplace.
It is really unfortunate that your family made that decision. I wish you luck in finding a better place and learning from their mistakes, my friend.
@@Hydraina I should clarified that I am the one that moved while my parents stayed in NYC.
I am in a much better place now. Their sacrifices allowed me to get a college degree in engineering. I'm the first generation that got us into the middle class. All their hope is now on me to finish the rest of their American dream since they are retired now. It's doable but I feel that window is also beginning to close.
It's not the rich people you should blame. It's Democrats.
@eri_noemi1462 its not just democrats but Republicans as well. Republicans core economic model are tax breaks for ultra wealthy
It is the rich people, I mean both sides are being lobbied by the rich anyway. Parties don’t really matter anymore
In Augusta Ga $100k feels like $200k and you are 2hrs from Atlanta . 2hr from Charlotte, 2.5 hr from Charleston and Savannah. And 1hr from Columbia, SC. It’s a peaceful little town with very kind ppl and mild winters.
And there’s actually a lot of rich ppl who live here because of the golf culture
Stress:
The stress of being robbed, government overreach, people not speaking English, the smell, homelessness, taxes, not able to carry and defend yourself, crowds, traffic, endless sports teams, inflation, smog, etc...
Keep the money, I'm out...
This is happening in EVERY state, even the poor states.
The outrageous price of housing ( rent or own), and owning a vehicle is literally killing off the working class… the middle class is just starting to feel the fear and pain.
No it’s not stop lying. New York is in a world of its own with their problems
It's definitely happening here in Houston, TX!
The rich want the world for themselves and their offspring. I guess it's true.. only the strong survive. The weakest will starve or be killed.
At least the working class can go back to college and improve their marketability for a better wage, or work hard and earn a raise. You should try being a disabled veteran on $3,700 per month with no way to ever improve on that. You cannot make it, run a household on that now. I will be living in my vehicle before 2024 is over. Still will not vote for the orange rapist dictator wanna be though. would rather be homeless that ever hear that pigs voice again.
@@ShyanneSperandio24expensive in Illinois too
The main reason NYC is super expensive for rent is because a majority of the buildings are owned by hedge funds and corporations. They determine the price since they own everything. Its not just NYC, its all over the US. It's estimated that by 2030, hedge funds will own over 40% of the housing market. We need to fight this, starting at the state level and eventually at the federal level.
Very interesting statistics, and worth looking into. Thanks for sharing. 👍
no more corporate residential ownership!
Would having an extra real estate tax on vacant houses or for-rent houses be useful?
@yonnn7523 I think the only real answer is to make it illegal for companies, corporations, and hedge funds from owning single family homes. Then maybe a tax for people owning more than 3 homes.
land value tax. restrictions won't work.
I have been watching your station now for several weeks and although I have never been to New York, I always enjoy your take on what is happening there. I have never wanted to go there and I don't understand the attraction. I've lived in the suburbs of Chicago for most of my life. I don't even want to go there anymore. Thank you for the New York education.
Thx for the video!
As a dancer from the midwest, my dream was to live in NYC back in the 80's. After a few visits and even having a sister living there, I came to the tough conclusion that it would be a very hard place to live without A LOT of money! Something most dancers will never have. Changed my career path, stayed in the midwest and my sister moved to Europe!
Your ancestors migrated to America just for her to go back to the motherland 🤣🤣🤣
NYC in the 80s was very affordable
uugh nyc in the 80s 😫❤
When you say “dancer”... We talking ballet or strip club? Just curious
@@Gnosis314So you think there's only 2 types of dance - either ballet or striptease? Really? Do you have any brain cells?
I'm sorry but it's not the cars that are the issue. Most New Yorkers, middle class or otherwise, will be taking public transportation, including from the other boroughs and other nearby cities. Those using cars in Manhattan are the rich or taxis. The car tolls aren't the issue, it's the greed of landlords and corporations plain and simple, and the state or city government needs to step in.
Yeah and the fact this says "middle class".. cops and landlords hate the working poor more than the middle class. Middle class can afford it's bills. The phrasing is intentional, it's to make you hate poor folks. Middle class folks are getting screwed, except it's by the same corporations and greed that screw the poor. The middle and upper classes are so entitled though, they think the poor people are why they have all their money. They don't realize it's a thousand years of standing on someone else's back, they just want their chance. Despicable
Exactly. Its happening all over the country. Wealthy people approach middle class homeowners selling their housing, offer a large immediate full cash payout, then rent out the property for 5x the payment that a low credit mortgage would be. It drives home prices up as well as eliminates buying opportunities for first time homeowners, and monthly payments get higher and higher for tenants renting because there's no regulation on it. Even renting a home is becoming unrealistic in some of the most rural areas. Its fucking insane, and its just greed and uncontrolled business. But it won't change until elected officials feel the pain, and they never will, so its just a big "guess we are up shit creek" situation.
Middle class people drive as well into the city. It's not just the rich. I know some people that refuse to take the subway and they are not rich. My sister is one and blue-collar workers that drive every day.
The government is owned by those corporations. It’s not going to step in.
Other way around. The tolls will ensure it will be only the wealthiest who can drive. It is social exclusion.
Why would anyone live in nyc. I lived there for 9 years. Left in 2021. Sold my co op. Did take 7 months to close but so happy 😊😊😊I left. My friend wants to move but still works. Has to wait 2 and a half years for her pension 😊. She's a teacher. Then she's getting out.😊😊😊😊
I grew up in NYC and when I left in 2006 I wondered if I'd ever be able to afford to move back. I accepted long ago that there's no way I'd ever be able to afford a good quality of life in NY.
I’m a fourth generation native NYer & never in a million years did I ever think that I’d be longing to flee the city I once loved, but here I am. 🤨
First generation here.
I have been wanting to get out of it since the first week I moved there, it was 2 decades ago and may finally happening soon.
@@bigfoxkiwhat made you stay so long?
@@uluomu We were immigrant and older members of the family only wanted to stay near community that speak their own language. My brother moved out last years and started tempting them with wonderful life outside of NYC. I can see them beginning to soften up on the idea of moving out. Now we just need to wait for my little sister finish her degree and get her license.
@@uluomu because I truly loved it here! as a kid growing up in the 80s it was the place to be. It got much nicer & safer under Giuliani, & while I’m not his biggest fan, he did quite a bit to improve quality of life. By adulthood , I was working & my job required me to stay local. There are many reasons preventing people from going, including job/family/etc. Each situation is different & unique.
@@bigfoxki good for you! All the best. How old were you when you arrived & around what time frame was that?
Disgusting, my father was a factory worker and had a nice apt, my mother was a housewife and we always had good food, clean clothes, and presents every Christmas. Dad always treated us to a movie or Chinese takeout (a big treat) every month and unbelievably, put money away in the bank. He loved NY but in the early 2000's he started becoming very unhappy and ended up buying a home and some land in the Caribbean.
P.S. what's even crazier is that we were considered poor but when i look at today's poor next to us we looked like middle class. Omg
Thanks for talking about this!
I have no idea why anyone would want to live in New York. It’s crowded, expensive, loud and chaotic. What kind of live quality is this?
Middle class was forced out a long time ago. 1985-1995 was the last good time to buy a house. Even in 2006 buying a house in Brooklyn was too expensive for most. Yet the higher rents go up the more transplants move in. Dad paid 79k in 1984. Same house would be 1.4 mill today and would need renovations to update the kitchen, heating etc.
Facts
I tell people the exact same thing.
Absolutely true! My wife and I tried to buy a Bed-Stuy brownstone in the 1980's and it was going for $50k. We had to pass because it needed $75k in repairs. We left NYC and were easily able to afford a house in the South. I bet that house in Bed-Stuy is easily worth over one or two million today. I don't know how young couples can afford to live in NYC today.
@@ghettosapien1392smart to move. Nyc has too many gate keepers. The same people that use to make fun of us for still living in Brooklyn in the 90s and asking why not move to Manhattan are the same people that now pay $3k to live in Brooklyn cause it's trendy again. People overpay on rent just to flex on insta.
I've long suspected that my parents bought my childhood house (been sold for years) at more or less the perfect time for the typical middle class American family to do so.
They were able to get loans, they had dual income when having that meant you could still be save money, and the market was fantastic. A husband and wife, a mother and father, they could get the 4 bedroom, 2 1/2 bath home to raise their children in, up in the exurbs of the very same city covered here. It was safer, no getting the car stolen or the apartment getting robbed for everything. It was 1993.
Damn near every single goddamn thing in that story is GONE. My parents, the childhood home, the lax homeowner loans to the middle class. The area isn't safe anymore. The economy is no longer beginning a boom that would lead to the very best of times for us. Our leaders are openly corrupt, openly disrespectful, laughing in the face of the citizens they work for and yet still having their hat in hand expecting money and votes. No one gives a fuck no more and that's not likely to change anytime soon. It's 2024.
I have a friend who was given a transfer to NY and a 50% pay raise to 150k. After four months he quit. Proved that he couldn’t afford it. The company promised to cover his expenses but after two months left the city and transferred him back to Nashville.
It true, any company that is requiring a worker to move to NYC, that company just enpoverished their employee. Also, many workers exceeding 100k are taking care of extended family as well.
Your friend was just shit at managing money.
I declined a job in Miami years because after I did the math, I would have around $300 to spare every month after all expenses.
@@mohammedjeffali1076*impoverished
My income went up almost 3.5x moving to NYC from Ohio ($72k to $250k) and I do great here working in construction. You guys just aren’t negotiating the wages you deserve.
The fact so many people allowed you to put them in the video feels like a cry for help- 😢
The words "charm" and "new york" are two things that should never be together.
Crazy to see NYC go from 1970s NYC to a modern utopia pre 9/11, then 20 years later return to a different dystopian landscape. History repeats itself but people never learn
Doesn't repeat, it rhymes.
"Modern utopia" yup, leftists truly believed in that garbage
NY isn’t in the best shape, but definitely isn’t 70s-80s bad, probably closer to Dinkins 90s (early 90s) era.
Interestingly enough, the only times Republicans have had the mayorship of NYC in the last 50 years is from 1994 to 2002.
...
...
_Aaaaaah_ probably a coincidence.
@@PeterDivine Did you forget about Republican Bloomberg from 2002-2013?
Honestly it amazes me that people voluntarily move to New York. The amount of people in my graduating class applying to jobs in New York saying it's their dream to commute on the piss infested subway to work in the most corporate job while sharing a tiny apartment with no sunlight with 3 roommates just baffles me.
I think it's fine for maybe 4-5 years at the START of career, then get out
honestly, it could just be for business reasons. graphic designers have really good ties and connections in nyc, or just art in general.
Right?
I think this video just emphasizes the negatives, while ignoring the positives. NYC is definitely one of the richest places in the world, and there is real demand for properties in there, that's why rent is so high. A lot of the problems that are in NYC exist elsewhere, and often to a bigger extent.
Its like that everywhere. I always wonder why people want to move to Berlin. A terrible city. But young people want the "feeling" of being part of the world and these cities are always in the news.
I loved my visit in 1987 despite its rough edges , it was a dynamic and exciting place . When i visited again 20 years later it was already losing its edge and soul with most of the family owned business's gone , few old fashioned diners or delis , even the burbs were gentrifying . A third visit and the place seemed sterilised but i guess economics cycle and Manhattan will fall eventually ! Bring it on
As a street photographer enthusiast then Manhattan was the pinnacle , crowded streets full of humanity but my last visit the streets were empty .
The rich move in, then build a wall, and we’re one step closer to The Hunger Games.
I literally told my family this in November. Most of the people we know either already moved or already had plans on moving. All of this is just adding fuel to that fire. If you PAY to use the train, you still have to deal with people playing music super loud through a Bluetooth speaker, People laying down on the seats with their shoes off so now you’re standing for and hour instead of sitting even though you paid. Then you have the people who walk into your train a light up a cigarette. Not to mention the fact that there have been times that I taken the train, Had them make everybody get off, And left us stranded with no way to get home after paying. All of that and because they’re bad with money they want to force us to use their BS. It’s not worth living here anymore and all the people with money are leaving and pretty soon, The only people who will live here will be the migrants, The homeless, And the people who can’t afford to move. I’d love to see what New York does when that happens.
I've lived in NY for over 40 years the things you mentioned do happen but if I see one or two of those things a year it's a lot. I think I saw someone light a cigarette once. And sleeping on the train without shoes? That's rare AF. NY is cold and dirty. The way you make seem is like the Hollywood movies in the 80s and even then it wasn't that bad if you're a New Yorker this is just normal.
I bet if you look at the payroll, the transit guys have enough employs to have someone at every terminal and on every train.
I've lived in NYC all .y life until I fled last year to the Midwest. What you are saying is disingenuous and a lie. I lived in the Bronx. 8 years ago when the Blasio was in office I remember being on the two train at East 180th Street and there were people lighting up cigarettes then. I tried to talk about it and people dismissed it. I remember growing up in New York City, I'm a New York City kid through and through and you could walk the streets of New York and be safe. This was during the Bloomberg Giuliani era. I remember when there wasn't so much division when there wasn't all this crime when there weren't all of these illegals everywhere. I remember when you could actually fall asleep on the subway and not be harmed. So take your lying gas lighting BS somewhere else.
😂😂😂😂😂 AGREED!
I live in San Francisco and we are going through the same thing, and I'm moving come spring
LA is definitely already like this. A world-class city if you’re extremely wealthy, but a dump if you’re poor.
I don't know about "world class" but it is a S Hole now for sure. I've lived in the Valley, the South Bay and now I'm in O.C.
I think LA may be "cool" for the people in LA who just have never lived anywhere else. Once I crossed the Orange Curtain, it was a different world. I'm heading to San Diego next, but that's just a stop on my way out of CA. I'm building a business with a partner in another state, for 1/3 of the cost of So Cal and 1/10 the hassle. And the quality of life is 2x even the O.C. Sure, the beach is great, if you're into that, but I'm not, and I don't feel the need to keep paying for it.
Having used to live in LA when I was a little kid then living 1hr-3hr away from it (Oxnard and San Diego) I can say the only thing LA got for is their food due to multiculturalism. Other than that LA is a DUMP. Only go there for food or business/government shit
@@davidlorenz6314 But enough about you.
What are you talking about, it's not an accident that the homeless hordes flocked to west coast cities. If you don't have any money or don't want to work, it's hard to imagine a better place. People vote with their feet. Now if you are actually trying to have a life and a family by actually working, then yeah it's tough going.
nothing in LA is world class outside of what Hollywood brings in. LA doesn't even have a transit system lol. If that's the case Las Vegas is a world class city. A better example would be San Francisco. LA has always been shit if you're poor.
Good work, Cash.
Thats why I am attending a school in New York to get better job opportunities and plan on going remote when i graduate
Reducing services is a strategy to get rid of the middle class. Adams is an acolyte of Bloomberg who once said what New York needs is more billionaires!
No matter who you vote for you get an extremist position where they are radically pro big business and anti worker.
Yes, we are witnessing the cementing into place of the Davocrats' Neo-Feudalism (aka The Great Reset, which was officially an unsubstantiated "conspiracy theory" on TH-cam until about a week ago, but is now a wholly benign project by the WEF that carries the imprimatur of Cringe Charlatan the Turd of the Benighted Clowndom).
There will be no class between billionaire oligarch and propertyless serf.
All billionaire should just move to their own country and do their own work 😊
All billionaires living nd working for them will be a bunch 3rd worlders or Muslims
@@lu544 They bring a disproportionate amount of revenue to themselves, while we get the crumbs - or the bugs - if we're lucky.
There's a solution to these money problems.
It just involves taxing people who can afford to pay but have enough money to buy lawmakers who won't tax them.
Taxing the rich isn't going to solve the issue, because the rich will just get up and leave, taking their money to a different country so you can't tax them. And then the middle class gets screwed again.
the only real solution... sadly we know how that works
They can evade tax under proper regulation.such as high operating cost, high debt to be deductible.
@@jtjoemamma With extreme difficulty. The solutions have more or less always been the same. Tangential, but if it helps put things in context:
The first recorded labor strike in history happened in the reign of Rameses the Third, over wages that the workers weren't receiving in a timely manner.
It's a hard fight ahead, but it's not impossible, and it doesn't have to all be won in one fight. The ultra-wealthy put us here through generations of chipping away at our pay and our rights. It follows that getting them back can still be done in that same incremental fashion.
Happy Sunday to you.
@@user-nu2vc9mp5j Then those loopholes need to be fixed and agencies need to be funded and staffed properly to go after tax cheats.
Changes like these are likely the result of years of carefully planned, lobbied, and worded legislature, that slowly but surely gave landlords and the wealthy all the power. This might sound cheesy but taking an active role in local elections, and carefully researching and voting on legislature (ballots are misleadingly worded) we can start to take back control. That is just one avenue of possible help. Personally, I think for real change to happen there needs to be some sort of country wide protest against large corporations. When a countries economy becomes monopolized (which I think is happening now) it allows corporations to exploit consumers. Plus, these corporations perpetuate income inequality since they pay their "lower" workers as little as possible but dump billions of dollars on top executive salaries and bonuses.
Frankly, U.S government is so corrupt that I think real change won't happen unless our country can unite... Which seems unlikely. Social media algorithms are polarizing on purpose, the education system sucks, and people for the most part don't have critical thinking skills. Every argument you hear is so fraught with fallacy that people can't identity the flaws. If people spent less time online and more time looking into scientific, and sociological research that we'd be a lot better off. Sorry for the rant. Feel free to disagree with me, just please be nice about it 😅. I'd love to read any interesting information you want to add!
It just gets worse. I'm a new yorker that left nyc in August 2021 and don't see how I can move back. This is insane. I guess people just have to leave in larger numbers.
Are you happy where you are? Why would you want to move back?
@@cassball7 I'm happier where I am, but my ideal place is Singapore. I will never live in nyc ever again.
The biggest issue I have with NYC (and why I’m planning on moving somewhere else in the next couple years) is that it feels like there’s nothing you can do to try to get ahead or mitigate the effects. If you try to save on rent and move somewhere cheaper, you add to your commute, that area might not be safe, your commute might be more expensive (train, bus, congestion pricing etc). If you want to move further out in NJ to save money, you have to pay the commuter tax. If you cut back on eating out and only buy groceries, you’ll find groceries are very expensive (I once saw Justin’s PB for $15 at my local CTown).
You pay so much for a poorer quality of life, and it’s only getting more expensive and worse. MTA is not going to use that revenue increase to improve the trains at all. They’re still going to be outdated, dirty and unsafe at night. Stuff like that will never change because the city will always mismanage funds.
Thanks for your comment. You live in NYC and are directly impacted by the economy there.
The City does not run the MTA
Where are you seeing PB for 15 dollars?
Whole foods?
I'm looking for jobs. The current salary offerings have been dropping since the forced return to office mandates. Most office admin jobs are 55-60K and we're talking about investment firms. It's crazy.
NYC is basically reverting back to the Gilded Age and Roaring Twenties (1880s - 1920s), where you were either very poor or very rich.
Its all over the US. The Gini coefficient has gone up 28% since 1980. This is what poorly regulated laissez-faire capitalism has resulted in and it's only going to get worse.
As is mort of the world.
Yep the exact same thing is happening in London. So reminiscent of Victorian London. Rich have the nice areas and parks. The poor live in the slums. Middle class didn't exist. The world is regressing for some reason when we had come so far.
Certain people like it that way
Not just NYC....it's everywhere.
best decision I made in the last few years was to leave the north east. Aside from the astronomical cost of living - the people up there were generally miserable. Having jobs they hate, coming home to a spouse they can't stand, and many people were on pills and various anti depressants.
Just not worth it.
Very very good 💯💯💯
A city only for the rich can never survive. If only rich people live there, nobody will want to work the lower paying jobs to afford living there.
Uh no. Poor people love moving to ski resort towns to ski and they will work crap jobs to try and survive there.
@@bobdillan5391but not every poor person does that. He’s kinda right ngl
I… don't think you know how wealth works
Have you heard of Dubai? It may not be perpetually sustainable but having an underclass doing menial labor in a city they cannot afford to live in is actually quite common and has been for a very long time.
@@chrisbradley3224 don't think undocumented migrants with their passports confiscated would translate well to the US
It's the same in Europe. My father moved to London in 2002. He found a great affordable house in Hammersmith (Zone 2, west London), ten years later his salary went up only a little but the rent skyrocketed and he had to move to Leyton (Zone 3, North-East), after that in order to keep his standard of living he moved to Barking (Zone 3), Gants Hill (Zone 4), Epping (Zone 6) and now he lives outside of London and has to commute to work to London every day
The use of the term 'Zone' is very telling.
the UK isn't really europe tbh
@@meladversity The UK is in the continent of Europe but not part of continental Europe... confusing isn't it!! The UK left the EU (not Europe the continent)!
Yea it’s cause they pay for social housing for all the brown people 😂
@@Fawn91193 what should we call 'em? arrondisments?
I don't really like visiting New York City, let alone wanting to live there. NYC is hell for ASD individuals like me
The shade towards Queens and Bk is insane - valid video tho
Nothing about NYC entices me to come, even to visit. Thank you for your frank expose in this video and prior videos, Cash. It shows the sad state of this once iconic city.
NYC is still a fantastic place to visit and you do yourself a disservice by dismissing it so casually.
Why wouldn't you want to visit a city that prosecutes you if you attempt to defend yourself from a violent criminal? It's such a great place!
@@roshi98as a 40 year resident of NYC .. may still be fun for tourists .. but for residents it’s not .. cultural life depleted.. ever since demic lockdown broke middle class
@@roshi98 C'mon. It's a sewer.
I left after 42 years. Best decision ever. Nyc used to be awesome. Now it's a really really overpriced dump
I'm so sick of this. It's the same situation in California, even worse in SF. My family lived in Los Angeles making just over 300k and even WE decided to leave. Sure we could dish out half our income on a tiny, 1950s home with no central HVAC and lead paint in the hood for $800k, but why?? It's not a home you'll want, you'll be surrounded by crime, the taxes are re-diculous, and you'll likely be a few miles away from a homeless encampment. Not to mention there will be non stop traffic outside your window and the schools are horrendous. You'll have to dish out at least another 30k just for a decent school. Then you have to deal with insurance companies that are fleeing the state in droves. This leaves no disposable income for saving, investing, nada. And the whole "you make more there tho" argument is a complete farce. Yes, you make more, but that net gain is all gobbled in cost of living and taxes.
We make the same exact income (actually more since taxes are so low) in the Midwest (where I'm originally from) and our lifestyle has quadrupled in value. We have over 4000 sf home, built new, in a quiet suburb where the public schools are one of the best districts in the state. There's no crazy crime or homelessness down the street. We live next to so many outdoor gems and hiking areas. We save and invest regularly and max out our 401ks every year. None of this is feasible in coastal cities. Everyone is nice because no one is stressed over the hustle and bustle. There's also great entertainment and restaurants downtown.
All that said, one of Cash's recent videos showed NYC politicians complain that "There's not enough workers". You have to be sh*tting me. NYC is overflowing with workers, they're just not paid enough!! As Cash said, wages basically haven't moved for anyone below the wealthy. That's probably why they don't mind all those illegal immigrants flooding the city. They're replacing working class Americans with people who will live 10+ people to an apartment and will work for dirt cheap. Why do you think they're fast tracking them to get work permits? The American dream is dead in cities like NYC, DC, Seattle, LA, SF, etc. If you ever want to live a relaxing, normal, financially independent life, I recommend you move elsewhere. The walkability and chic restaurants are not worth your mental health and financial well-being. America is so much more than a handful of coastal cities and living pay check to pay check.
I was thinking about that too I'm like what makes the migrants think that they could afford New York City but then I was thinking yeah they'll live 10 to an apartment and work dirt cheap you're so correct on that the fact that they will live so many to an apartment really does cover their rent
You are very smart!!!! Why someone would be paying 4-7 grand on rent is beyond me😂😂😂😂
Yall voted for it though.
This! We live in a modest San Diego neighborhood of 1950s built homes, all worth over $1 million. We rent month to month but it is below market rate; a dinky 2 bed 1 bath 750 square ft. Duplex built in the 1950s. La Jolla is literally one exit up the freeway. But yeah we are just waiting for the other shoe to drop when the landlord is going to evict us to renovate the duplex and charge market rate for the updates??? Which is what landlords have been doing to the duplexes in our neighborhood.
Meanwhile, there is a huge homeless problem in downtown and they passed anti camping laws to shuffle the homeless off the sidewalks. NIMBYs doesn't want the city to use abandoned military barracks near the airport to house the homeless because it is a rich neighborhood surrounding it and it would ruin it for them in safety conditions and their home values!
Like you, my husband and I have discussed in depth it is time to move out of San Diego since all his hard earned money would be spent on a crappy house and taxes, high utilities etc. It is nice to live near the beach and have awesome weather but we would have nothing to save and put away.
We also looked at homes in my home city of Sacramento but that place has gone to hell in a hand basket with Bay Area transplants jacking up the housing market. And they also have a homeless problem. It feels like all the major cities in CA have a homeless problem. A Lack of affordable Housing and rents increases is the primary issue.
Now we are looking to move to the Midwest ourselves because of the low cost of living and housing. I also have family in the city we are looking to buy in. It is really sad because California is a beautiful state with so much going for it but if you can't have a good quality of life there, what is the point of staying?
@@redline1916What a stupid comment. I didn't vote for any of this. Nobody votes for rent prices or congestion pricing
Glad to see that u r waking up abt NY !!!!!! 😮😢
Cash, your vids are phenomenal. Great work.
Question: Do landlords raise rents 'cuz' of market value, or 'cuz' of extra taxes, maintenance, etc...?
Thank you.
If they continue to completely force out the middle class, eventually they will have trouble retaining employees for the restaurants and services that the rich who live there depend on. That could cause a change in policy and drop in real estate prices, which could potentially self-correct the situation....But over a period of time, with much suffering in the meantime.
It's funny how things work right?
Most likely they will take workers from poor countries, withhold their passports, put them in collective hangars and pay them a misery with the promise of legalisation.
It’s a reasoned idea, but you should also consider the reason people with money own things in New York. It’s for stabilizing their financial portfolio with real estate. The people don’t actually need to live there. They just want the advantages of the piece of paper that says they own it. NYC is putting up the drawbridges and preserving only the most wealthy producers. Like you said, they’re hollowing out their own tree to cater to only the rich. LA 2. Prepare for street poop.
At least they'll have plenty of "asylum seekers" living on cots in tents to do some of the unskilled labor. At least until those people get sick of it and take a "free" taxpayer funded plane ride some where else.
Nah I'm sure they'll mine another way first
When I was a kid a woman once told me New York is for the very rich and the poor. The working class people can’t afford to live here.
And thats why NYC is dying and will be a slum
You're right it's for the rich and the poor because the poor people get section 8..
I guarantee you the illegals that came here years ago illegally I guarantee you they're living in New York City or one of the five boroughs because they're on section 8
Right now the government is paying for their rent.. it's sick
Sigh sounds like CA.
So this means Police Officers can't afford to live in NYC with a police salary.
I just moved out of the city to live near Boston MA, it’s crazy how many things are changing
The absolute worst thing in NYC is lack of infrastructure, especially public bathrooms.
San Francisco solved the problem by making the whole city a toilet.
I don't know how you solve the problem of public restrooms without solving the problem of having your entire city being an open-air insane asylum.
Mentally unwell homeless people will absolutely destroy any public restrooms you build and they will be so unsafe that nobody wants to use them. The reason other countries can have public restrooms but America can't is because US cities do not have a voting public with the political will to address this. It's just "part of living in the city" even though in other parts of the world it's not.
@@roymarshall_ Are homeless people responsible for the vandalization and destruction of public bathrooms?
@@roymarshall_ - I think the new thought process is there are no citizens, the government tells the people what to do, people do not participate in their own governing.
@@jrstf 🤣
I have to say, you pump out videos almost every other day. And they are quality videos. Props to you!
facts
😂 He has to keep up with New York
they're misleading and because you fall for it he makes money.
It's everywhere I work in property management in the Albany area. Only wealthier people can afford "luxury" apartments. The poor (with programs) can only afford the lower cost apartments that are now going for $1500 for a one bedroom. The middle class is squeezed out. It's so incredibly painful to witness. These investors are the problem and in our area they all come from NYC. They don't care for their lower end properties. They let these people live in horrible conditions. They higher end ones are contractor grade trash.
Very true I left back in November
N Y C in the early to mid 1960's was affordable for most low to middle income persons, There was rent control, And/or you could have a room mate and get a nicer place, plus the rents were not insane. The awful turn around started with with Mayor Kotch in the 1970's. That creep threw my 65 year old aunt out of her rent controled apartment right into the street. Along with world war 1 and world war 2 veterans. Their plan was to turn all of the rent controled apartments into high price condo's. And from there it just snow balled out of control with massive greed. Behind every white collar crime there is a politican in the woodpile some where.
Rent Control and Rent Stabilization are key to keeping the middle class in NYC.
Koch
@brandoncomer6492 You trying to always make money on investment in a suffering city is just going to make more and more people lose faith in currency. Leading to worse problems for everyone. Your money will eventually be just as worthless as Germanies money during WW2. Hope you will be able to ride the storm
@brandoncomer6492 yes we can do all of that and still have rent control. the person that originally commented informed you that the reason nyc was mostly affordable was due to rent control. there is no excuse to be charging 3k+ for what is essentially a closet with a kitchen attached, even in such prolific urban areas
ah, yes, koch the jew. Well, this is what your aunt got for being ANTISEMITIC!
Why some big news conglomerate doesn't pick you up as an investigative news reporter is beyond me! Excellent video thank you Cash
Because Cash tells the truth and the "big news conglomerates" are paid for by corupt government.
I prefer him doing just what he's doing to inform the public if he gets picked up to do anything else he'll probably be subject to corruption
He's better off doing it alone. Legacy media is dying. Also there is no investigative news reporting in conglomerates it's 100% scripted propaganda
I think he's making pretty good TH-cam money relax
They don’t like exposing the truth anymore that’s why, ALL mainstream media is a strong arm for government to push their own narrative
Where are the actual low income and poor supposed to go? Just five short years ago, while living on SS, I could afford a 2-bedroom place for $600. Since then, there is nowhere I can afford live in the entire country. Something has to give!
Six feet under. We will be given a free plot of land by our one true leader.
Side effect of work-from-home, that people turned a blind eye to because it benefits the middle-upper class: Unaffordable housing nationwide.
A $120,000 a year job qualifies for a $500,000+ mortgage in a small rural town. Move to a place like WV or OK and it gets even worse. NYers and City people have brought their high costs of living with them to everywhere they go since, to them, it's still cheaper than the big city.
Middle class is crushed in every Europe countries as well. Reykjavík, Iceland, a 2 bedrooms is around 2000$ when the average salary is around 3000$. There is no sectors in Reykjavík that is less expensive. Even at 30 miles away the prices are crazy
Yeah, same in all the bigger german cities. It is impossible to find an affordable place in Berlin or Munich. It is crazy...
I’m so glad someone offered this perspective. It’s the same in Czech Republic’s capital as well. Rent prices are insane and the quality to price ratio of the inventory is disproportionate.
@@ClaireStylishEven in Brno the prices are terrible. I live in a shared flat with 3 other people. Our costs of living would double if my girlfriend and I decided to move out. The rents in reasonably-looking apartments close enough to the centre are over half of my gross salary.
Immigration crisis is all over the west.
We don't hear shit about Russia or China though (and they have their own problems but housing affordable isn't really one of them)
Good to know! I’m sorry to hear this
This has happened to us over here in the San Francisco Bay Area. It is so horrible. We have good jobs but are still considered poor. Most of our friends/family have left. All kinds of rich and all kinds of homeless together in one place. Crime has gone up. Politics are more ridiculous than ever.
I have family in CA. I'd NEVER live there.
i somewhat follow what's going on in SF, oakland, and LA. as SF goes so goes CA and so goes the country. i wouldn't know what to do if i went three days without a high speed pursuit in LA, another store closing in SF, or calls to recall price and/or boobzilla, whatever the mayor's name is (thoa? something like that).
you couldn't pay me to live in any of those places or CA in general. SF in particular has got a doom loop going on, and it's 100% their own doing. london breed has got to be one of the dumbest mayors in the country, she's dumb even for a 'progressive'... which she may not be today, depends on which way the wind blows as she's got no backbone to speak of.
When you vote for 💩 ...... Well then you get 💩 apps so you can avoid stepping in it. I have a difficult time feeling bad for your choices. Why do that to yourself?? Arnold had California in a strong grip. Venice Beach was beautiful!! Now it's a 💩 hole. Please stop that n do better. Salton Sea was Sonny Bonos baby. he passed and y'all robbed him blind now the Salton Sea is literally a toilet. Sadness is an understatement.
My parents have a house paid off in San Antonio,TX. Im definitely considering leaving. Folks out here voting blue and surprised whats happening, fucking idiots out here.
Hold up that L with pride you 🤡
In my opinion, an indicator of a healthy society is how easy it is to exist as a middle class citizen. Not everyone will be rich and not everyone will be poor. But at least allow everyone to be middle class comfortably. Other countries don't always have a middle class compared to America. Why are we prioritizing the rich?
I’m Indian so been living with parents for 25 years rent-free in nyc
This seems to be a trend with big cities in general. They're good for the upper classes who can really enjoy all the amenities, and they're good for poor people who can have access to programs and services to help them, and also get jobs serving the upper classes.
Most cities don’t have the problems NYC has. Austin, Houston, Orlando, Miami, Portland, Philadelphia… the list goes on and on for cities that are actually affordable for middle class Americans. NYC shares the crown with San Francisco for being pretty much unlivable on a five digit income.
@@jmrwacko It's happening in Miami and they are going to have a worse problem because people have to drive everywhere, and their insurance rates are going through the roof.
@@jmrwacko Portland is the only city on that list that isn't a suburban hell hole and is a growing urban city. There is a reason why this is happening
I live in Manhattan and make under 100k, so do most of my friends, life here is awesome. Those Cities all require owning a Car, and some of them have curfews. I walk almost everywhere, I prefer it. Insurance for a Studio Apt. is not bad. @@jmrwacko
@@jmrwacko Austin and Miami aren't really affordable anymore...and Philly has crime to drive out middle class residents more than unaffordability, similarly to here in Chicago
As a poor person hearing “leaves you with $36,000 after living expenses” hurt my soul since that’s is my BASE salary, before living expenses before taxes, like I’m jealous lmaoo why do I suck
Mine doesnt hit the 5 digits. But im freelance
Money =/= your worth. You get very great people who don't earn much, and you get complete morons who are born rich.
It’s not after expenses. It’s your purchasing power
36,000 poor? Really?
@@maximilianodelrio lol what would you call it?
That’s why I hear many of my friends moving to the Bronx. They used to live in areas like Downtown Manhattan and had to move out for reasons.
This kind of thing is happening everywhere now the question is whats gonna happen to these big landlord/real estate companies when most of their available space is sitting there empty and unbought? How homeless does America need to become before the housing market crashes? Something has got to give.
I saw this coming 40 years ago and got out. It's one of the smartest things I ever did. NYC is becoming the land of the very rich or poor.
Like me (1954), you won the historical lottery: born in an era of middle-class values and prosperity. We'll never see its like again . . .
It always has been.
LOL. Sorry to laugh...but 40 years ago? Your comment is just so out of context.
@@Person-mh6xqI was gonna say this. 40 years ago life was pretty good for everyone. Even 20 years ago life wasn’t as bad as we made it seem at the time. It’s only recently in this last 2 decades have we started to feel the squeeze
@@Person-mh6xq No, it isn't because NYC sucked then and has always sucked within living memory. It was much worse in the 1970s and the murder rates prove it. Today ain't chit. I visit family every few years and stop by.
The situation here in Los Angeles isn't much better, even though a ton of people from NYC have moved here, thinking it would be a lot cheaper than it actually is. We have the same exodus of middle class to other states.
Los Angeles is a bigger shithole, there's no equivalent to skidrow in nyc
I had moved from New York to Los Angeles, at the time 1994 it was slightly less expensive.
Not really Los Angeles is just as worst. You need a car to actually get anywhere which is already more expensive than NYC transit system. Plus you got more homeless people around cause its decently warm all year.
@@AK255. Oh yeah, I was just taking about the housing prices and general unaffordability, but the homeless situation out here on the West Coast is completely out of control. It's a straight up zombie apocalypse.
Yeah I’m from LA, still here but it is so expensive and middle class is disappearing here too
8:52 We don't hear enough about this issue, it's really common in the netherlands that you pay an hour of your day for public transport. So you earn around 10-15 euro's per hour, that small train ride for 20 minutes will cost you the same. it's insane and crimininal to let people pay for their own transport, especially if it that expensive
Great news