- 08 Jun 2022 04:48
#15232310
Discuss
You now need to earn at least $160K a year to rent anything in NYC
https://nypost.com/2022/06/07/you-now-n ... ng-in-nyc/
Well there you go, you can have the money on hand but if you don't earn 40x more annually than monthly rent you can't rent. So if you earn 150k/year you're homeless in New York.
You now need to earn at least $160K a year to rent anything in NYC
Earn less than six figures? Good luck scoring even a modest New York City apartment.
The median ask for a rental in Manhattan has skyrocketed to $3,925 a month — a staggering 31.9% year-over-year jump from April 2021 — according to Douglas Elliman’s latest market report.
That means, in order to apply for a city apartment, a renter would need to earn $157,000 per year, under the 40 times rent rule that landlords generally require.
https://nypost.com/2022/06/07/you-now-n ... ng-in-nyc/
Well there you go, you can have the money on hand but if you don't earn 40x more annually than monthly rent you can't rent. So if you earn 150k/year you're homeless in New York.