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Tag: the rent is too damn high

Although we regularly decry the rentpocalypse and its steady encroachment upon New York neighborhoods far and wide, one rapidly gentrifying Brooklyn community has seen its average rents decrease over the last year. Bushwick might be home to newly constructed luxury buildings like 1209 Dekalb and upmarket condo-dwellings situated on the border of East New York, but the average rent in the neighborhood has dropped 16 percent in the last year, as per a report compiled by real estate...
If you're under the age of 35, it's more than likely that your living situation resembles a college dormitory or hipster-millennial co-op than a tranquil, one-bedroom apartment that you alone get to call home. In New York, this situation is only avoidable if you make a considerable amount of money, but how much exactly? Well, a new report via Street Easy outlines the exact hourly wage one needs to afford various neighborhoods throughout New York City. And it's...
Artist Kristy Chatelain's newest photo project, Brooklyn Changing, documents the physical changes gentrification has brought to North Brooklyn over the past decade. Chatelain uses a series of before-and-after shots taken in Greenpoint and Williamsburg to illustrate the visual signs of commercial development, and, tangentially, to hint at the widening rift between Brooklyn's working and moneyed classes. In effect, Chatelain's project is a visual timeline of gentrification in progress, and leaves very little to the imagination in terms how the phenomenon changes neighborhoods and...
The oft spoken refrain about New York best serving childless young people is as true as the summer air is muggy, as a new report via the Economic Policy Institute could compel young New York families to skip town in favor of the radiant pastures of Toledo, Ohio. While the general outlay of living in New York is reflected constantly in what you hear, read and experience daily, the EPI's report highlights the relative affordability of basically everywhere...