05/09/07: Thinking of renting in NYC? Don't bother.

"The rents for one-bedroom apartments in Manhattan average $2,567 a month, and two-bedrooms average $3,854 a month, according to data from Citi Habitats, a large rental brokerage company, but rents tend to be far higher in coveted neighborhoods like the Upper West Side and TriBeCa.

Because landlords typically require renters to earn 40 times their monthly rent in annual income, renters of those average apartments would need to earn at least $102,680, individually or combined, to qualify for a one-bedroom and $154,160 to afford a two-bedroom."

http://www.nytimes.com/2007/05/10/nyregion/10rent.html

Responses to this message:

• I rent in NYC Xur
• Tell us again Xur X-Man
• Why don't you tell us Xur
• It's the 70+ hours/week I'd struggle with. Throwing_Muses
• That is a problem... Xur
• My brother is a banker. About those Blackberrys Coaster
• Good idea Xur
• Where do you work? X-Man
• No. Xur
• Too Late, Xur. Coaster
• I could tell you Xie but I won't Rajah
• I'm not worried, Coaster. Xur
• True Story Coaster
• You can also live in Washington Heights or parts of Harlem Ickyru
• "Affordable" being a relative term. . . Marion
• I've got the dirt on Coaster and here's an example Rajah
• Pooh Bear? Mr_Nonsense
• Liar Coaster

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