Housing option could make it easier to rent an apartment in NYC
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- เผยแพร่เมื่อ 18 ต.ค. 2024
- If you've ever rented an apartment in New York City, then you know, it is a very stressful process. Once you finally think you've found the place, the next hurdle is making sure you earn 40 times the rent. FOX 5 NY's Duarte Geraldino is digging into this housing requirement and the option is now available for New Yorkers who don't meet it.
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You have to be super rich or super poor to live in this city. Being in the middle just means you're paying too much for everything.
I've been saying this for years. If you're super poor the government will give you a good life and if you're super rich you can afford whatever
I have a 6 figure household and we are broke fi broke. We ain’t got it.
@joshualewis4991 i don't think living in a shelter a "good life" but it's not expensive.
@jahjoeka Not the shelter being the "good life" but the affordable housing afterwards
@@TarellHudsonwelcome to the party pal. Us middle class been telling the lower class stop the free stuff cause you are breaking the system
W t f 40x rent.
When you don't get 40x the pay.
Bunch of bullshihhh 💩
That's because it can take YEARS to evict a non paying tenant. We're talking clear cut cases of default. The city of New York is directly to blame for the rise of this third party insurance provider.
Rent is absolutely too damn high with the landlords profiting from rent hikes. While we, the tenants are suffering in silence with horrible living conditions. What happened to very low affordable housing for the lower working middle class of people. Shame on you, Mayor, City Council, for making it impossible to live in the city we love.
Community living want cheap and privacy. 😂
It is very bad the living conditions many people endure and don't report in fear of retaliation or illegal rent increase. I'm currently fighting a slumlord who owns over 100 buildings and does not upkeep any of them. It's time we force their hands
@@Julian-gi8qx I’m doing the same, people need to stop being afraid.
@@jokerpilled2535 honestly if you give people (not that it's our obligation to) the information needed to defend themselves and be the example, they will quickly follow and act faster. It sucks that most don't act and flee which allows slumlords to get away with it but enough outrage can spark some movement.
I'm a small landlord myself; as much as I'd love to let my tenants live for free, money is needed to maintain the building, pay property taxes and bills, and occasionally renovate it... but fuck, I don't charge anywhere near the outrageous rents we see everywhere today
40 times the rent for shoe box apartments
Paying an insurance company to get an apartment seems like a step backwards.
Scam
Having to earn 40x the rent is crazy. It stops working people from renting a decent apartment. I understand landlords wanting to protect themselves from renting to someone who could stop paying rent down the line but how are regular New Yorkers supposed to find housing.
Thanks to the government regulations no one can be happy.
That’s really the point. They want to keep a certain class of people out of their apartments.
@@2000wattzBlacks and Hispanics
WHITES & EXTRA WHITES NOT PAYING THE RENT AGAIN 🤣🤣🤣🤣
Were not suppose to get apartments. That's one of the reasons why they keep creating more shelters
SMOKE SHOP HOUSING AUTHORITY 😢
40 times the rent? People better learn to live in their cars and tents in the streets or get 39 roommates.😂
Life is expensive.
Tell me about it.
If I make 40 times the rent, I would be trying to get a home with a mortgage rather than renting.
That's assuming you're able to save for a down payment though
@@Foxy_foxy123 With all the people who didn't pay rent durring covid and are now being evicted, they should atleast have money for a down payment because it was in 2021 and now it's 2024 that's 3 years of rent.
@@mitchcarter442 yes, sure. I'm more talking about the younger generations who haven't had a chance to establish themselves at all
@@Foxy_foxy123 Sounds like making excuses for this generation for being lazy and living off others rather than working and being a productive member of society paying their own way through life.
@@Foxy_foxy123 Sounds like a bag of excuses as that's exactly what this current generation doesn't and that's make excuses for everything. Just like when you're at work, no one wants to hear excuses and only want to see results and productivity.
this is not new news.. and these insurance companies can charge you whatever without giving you a reason
1:38 what’s going on there?
😂😂
If you making 40 times the rent, then you really have no problems paying what they are asking. In fact you should be able to afford to get a mortgage and action purchase your own home.
40x?! Wasn’t 30x just a few years ago?
Income must be 40x the rent since 2011.
It's always been 40x... but that's becoming unrealistic to achieve nowadays
Get out of New York
That's what they want
I did 7 years ago. Best move I ever made. NYC is slowly sinking anyway. Couldn't ever imagine going back home to live and I only can handle 4d and 3n tbh then I gotta get outta there and back to my house. 🤷🏾♀️🤣
SMOKE SHOP HOUSING SHELLTERS NYC REMIX 😊
Housing is okay without no f****** shelter.lols the way it used to be.
They should just leave the people that's crackheads in there that don't got no income.low life.too. and give housing to those who got an income that's not drug addicts and send them there damn interview. From whatever house there in. like how they use too back in the days.
Laws need to change in nyc rent is greedy especially for housing and building that are over 100 years old and falling apart landlords want to earn a huge profit because they do not fix there buildings it's wrong
average rent in manhattan is over $5,000*40=$200,000 i never met a single person happy with their slumlord
This country relies on the backs of the working class. Yet the top 10% treat the bottom 90% of the population as expendable. If you don't take care of the engine the entire car sits inoperable. Boggles my mind how people who devote their entire lives to long term financial gain cannot comprehend sustainability.
I think they meant 4x the rent not 40x the rent???????
We wouldn't need a third party guarantor if the eviction laws WERE NOT INSANE.
If the city allowed landlords to evict tenants who are clearly in breach of their contract within 3 months vs SEVERAL YEARS wouldn't need an outside party like this to come in.
Im sure the city will move to ban this type of insurance as well because its not fair to as of yet undefined someone that will be affected by this.
Every effort to make things better is gonna be slapped away by the poltical class whos gonna ride this burning heap of trash right into the gutter.
How do I rent in NYC? I always lived with someone. Any advice?
Enter the shelter system.
Win the apartment lottery. Seriously google it.
The laws make it hard for middle class to rent. But make it almost impossible for small landlords to be landlords. Impossible to get squatters or nonpayers out. High taxes and weird rules.
It is very easy to blame landlords but they too have to pay increasing taxes, heating oil costs, maintenance workers costs, contractors' costs, materials, labor, housekeeping etc and so many more costs that come along with owning/maintaining a building in NY. People think landlords are minting money, contrary to whats actually happening. I know several whose rents are not enough to make all those payments and more. Look at the tip of the pyramid, not in the middle, that gets pressured from both sides. Ignorance and blaming the people in the middle isn't the solution. You are only shooting the messenger who brings you your important parcels.
Why would anyone want to live in NYC 😷
Donald trump 2024