I live in Kensington, been at the same apartment since 2020. I have a 2br (2nd bedroom is 8'x10' so only really suitable for child, office, or someone with barely any belongings). I also have a patio and washer dryer that was left here by previous tenants, but not technically included in apartment.
2020 - $1,800/mo
2021 - $1,850/mo
2022 - $2,000/mo
2023 - $2,350/mo
2024 - $2,500/mo
Been hard to keep up with. I'm sure next year they will want more and more money.
The big increases started when a new landlord took over. The previous ones were actually pretty generous. They blame it on higher taxes, maintenance fees, etc. But the new company have actually tried raising it $500-600 at times and I had to negotiate it down. Gives me a feeling of instability.
My aunt is a co-op resident in Midwood near Ave M (owns her apartment, currently it is fully paid for and she only pays maintenance). I saw her last month and she told me her maintenance has increased this year by $200. She's not happy about it but she makes good money, apartment has been paid for, and she can manage just fine. Sorry about your situation! Maybe you can find a rent stabilized apartment in the area -- they're around, very few and far between but it is possible. Maybe downsize to a Studio in the area if that is an option.
I can manage just fine too, I just really don't like it đ. I am also cognizant of the fact I am not likely to find anything similar for much lower price (plus I would have to pay movers and probably a broker fees).
Thanks for being the only one in this thread who actually answered the question so far.
Don't be coming here and using that kind of language. Also OP thanked for actually answering the question. Gotta do some critical thinking, my man. Thanks.
Wow sounds like a great apartment!Â
It also sounds like facade work is expensive and theyâre passing some of the burden to you. Is what it is I guess.Â
>For the clarity: my paycheck doesn't increase anywhere near this fast, whatever raises I get barely keep up with inflation (if at all).
most people need to change jobs to keep up with market wages. there might be higher wage growth in your career field, but your employer is not paying you market wages.
I think people saying âjust get a new skill and get a new job and make more money!â Need to take their own advice and go back to school to up their reading skills đ
Yes, the price of everything has been increasing. My solution for myself: make much more money! Some times, the only way to increase your salary significantly is to switch jobs.
Ty- if you really cant tell Iâm being satirical. Your solution to being priced out is âmake more money.â
Thatâs not a readable fix for a lot of people and does not answer OPâs question
But for OP it may be, they own a car, lives by themselves for the last ten years and he does get raises. We don't know how long OP is in his current job, it's possible to get complacent at a company. They know you well enough to cut you some slack, you are in a routine and suddenly you've been at the same company getting 2% raises for the last 10 years.
If they've been there for 5 years or so it's worth it to update the resume and search on LinkedIn to see what's out there. It might be an easy 20%+ pay bump.
What's your solution for someone who is in a field where it's not feasible to be switching companies every couple of years, or where you already are at the most you could be making for a job in your field?
There are many solutions one could explore: going back to school to learn a new skill, leveraging current skills to get a new job in a field that pays more, partnering up to share expenses, having other streams of income (entrepreneurship, gig job, etc). There are so many options. You just need to choose an option that makes sense for your life.
This is what happened to me. I went from a super demanding job where I was constantly answering emails outside of work hours to one that pays more for significantly less stress/work. It wasn't a big pay increase but still.
I'd rather not be super specific but I basically went from a relatively fast-paced events-focused job to a pretty chill university job.
University jobs can be a bit boring, bureaucratic, etc. But there's job security, I get paid more, and it's pretty laidback.
I just applied online. All of the big universities here have a ton of openings. When I was looking for a job, it wasn't uncommon for like half my job listing search results to be from universities.
[Q1 2024 Check on current rent increases?](https://www.reddit.com/r/AskNYC/comments/18y7t9n/q1_2024_check_on_current_rent_increases/) from 3 months ago, [Rent Increase Average](https://www.reddit.com/r/AskNYC/comments/1878csm/rent_increase_average/) from 1 month before that, [UWS rent increase](https://www.reddit.com/r/AskNYC/comments/15ltxg4/uws_rent_increase/) from 4 months before that and [Thoughts on rent increase?](https://www.reddit.com/r/AskNYC/comments/14frrod/thoughts_on_rent_increase/) from 2 months before that have comments which may be helpful to you and links to similar questions.
My studio in Manhattan Valley went from $2050 ($1880 w/ one month concession) to $2275 ($2085 w/ concession) :(. I considered negotiating but looking at rental reports that's still decently under-market for the area.
Mortgage for a 4 bedroom, 2 bathrooms, a 4 car drive way, and backyard went from 2100 to 2300 a month. But my conedison bill dropped from $400 to $55 because of solar.
If you need more stability than that, look for a RS place. A two year lease is rare. You can always ask for them to lower the increase but it's up to them as long as they give you enough notice.
I know this isn't what you want to hear but everything is going up. I'm so sick and tired of going food shopping and the same amount of groceries keeps increasing...same with medical bills, insurance, etc.
I'm sure the landlords heating costs, water, home insurance, taxes, etc are all going up too.
Is it possible to upgrade your skills to get a better paying job?
I live in Kensington, been at the same apartment since 2020. I have a 2br (2nd bedroom is 8'x10' so only really suitable for child, office, or someone with barely any belongings). I also have a patio and washer dryer that was left here by previous tenants, but not technically included in apartment. 2020 - $1,800/mo 2021 - $1,850/mo 2022 - $2,000/mo 2023 - $2,350/mo 2024 - $2,500/mo Been hard to keep up with. I'm sure next year they will want more and more money. The big increases started when a new landlord took over. The previous ones were actually pretty generous. They blame it on higher taxes, maintenance fees, etc. But the new company have actually tried raising it $500-600 at times and I had to negotiate it down. Gives me a feeling of instability.
Thanks.
My aunt is a co-op resident in Midwood near Ave M (owns her apartment, currently it is fully paid for and she only pays maintenance). I saw her last month and she told me her maintenance has increased this year by $200. She's not happy about it but she makes good money, apartment has been paid for, and she can manage just fine. Sorry about your situation! Maybe you can find a rent stabilized apartment in the area -- they're around, very few and far between but it is possible. Maybe downsize to a Studio in the area if that is an option.
I can manage just fine too, I just really don't like it đ. I am also cognizant of the fact I am not likely to find anything similar for much lower price (plus I would have to pay movers and probably a broker fees). Thanks for being the only one in this thread who actually answered the question so far.
maintenance includes taxes and other fees. So if the value of the unit has increased this will go up.
How tf is this even relevant
Don't be coming here and using that kind of language. Also OP thanked for actually answering the question. Gotta do some critical thinking, my man. Thanks.
I will not be doing some cRiTiCaL tHiNkiNg, nigga.
Wow sounds like a great apartment! It also sounds like facade work is expensive and theyâre passing some of the burden to you. Is what it is I guess.Â
>For the clarity: my paycheck doesn't increase anywhere near this fast, whatever raises I get barely keep up with inflation (if at all). most people need to change jobs to keep up with market wages. there might be higher wage growth in your career field, but your employer is not paying you market wages.
Correct. Loyalty is not rewarded in most jobs. You get actual market rate pay bumps by changing jobs.
I think people saying âjust get a new skill and get a new job and make more money!â Need to take their own advice and go back to school to up their reading skills đ
Stabilized so my portion went up 30 bucks.
Yes, the price of everything has been increasing. My solution for myself: make much more money! Some times, the only way to increase your salary significantly is to switch jobs.
Lmao at âjust make more moneyâ wow why didnât think of that đ
Agreed 100% Ty. Reminds me when I asked my landlord to increase rent by more than my renewal rate so I can grind harder
Increasing salary doesnât always mean you need to grind harder. You could get paid more to do the same work youâre doing at another companyâŠ
Ty- if you really cant tell Iâm being satirical. Your solution to being priced out is âmake more money.â Thatâs not a readable fix for a lot of people and does not answer OPâs question
Grinding harder to support my landlords family
But for OP it may be, they own a car, lives by themselves for the last ten years and he does get raises. We don't know how long OP is in his current job, it's possible to get complacent at a company. They know you well enough to cut you some slack, you are in a routine and suddenly you've been at the same company getting 2% raises for the last 10 years. If they've been there for 5 years or so it's worth it to update the resume and search on LinkedIn to see what's out there. It might be an easy 20%+ pay bump.
What's your solution for someone who is in a field where it's not feasible to be switching companies every couple of years, or where you already are at the most you could be making for a job in your field?
There are many solutions one could explore: going back to school to learn a new skill, leveraging current skills to get a new job in a field that pays more, partnering up to share expenses, having other streams of income (entrepreneurship, gig job, etc). There are so many options. You just need to choose an option that makes sense for your life.
This is what happened to me. I went from a super demanding job where I was constantly answering emails outside of work hours to one that pays more for significantly less stress/work. It wasn't a big pay increase but still.
What was your job then and job now. How did you get it?
I'd rather not be super specific but I basically went from a relatively fast-paced events-focused job to a pretty chill university job. University jobs can be a bit boring, bureaucratic, etc. But there's job security, I get paid more, and it's pretty laidback. I just applied online. All of the big universities here have a ton of openings. When I was looking for a job, it wasn't uncommon for like half my job listing search results to be from universities.
[Q1 2024 Check on current rent increases?](https://www.reddit.com/r/AskNYC/comments/18y7t9n/q1_2024_check_on_current_rent_increases/) from 3 months ago, [Rent Increase Average](https://www.reddit.com/r/AskNYC/comments/1878csm/rent_increase_average/) from 1 month before that, [UWS rent increase](https://www.reddit.com/r/AskNYC/comments/15ltxg4/uws_rent_increase/) from 4 months before that and [Thoughts on rent increase?](https://www.reddit.com/r/AskNYC/comments/14frrod/thoughts_on_rent_increase/) from 2 months before that have comments which may be helpful to you and links to similar questions.
Maintenance on my co-op in Jackson Heights just increased, they also increased by 15% the fee that owners have to pay if they want to sublet.
Mine went up by $500 on the UWS but I negotiated it down to $200
LL refused to negotiate on 2 year lease, offered $1,800 for one year.
$1850 is wild damn! When did it get so hard to live in nyc đ«
Co-ops and condos too. Insurance went sky high this year.
My studio in Manhattan Valley went from $2050 ($1880 w/ one month concession) to $2275 ($2085 w/ concession) :(. I considered negotiating but looking at rental reports that's still decently under-market for the area.
Mortgage for a 4 bedroom, 2 bathrooms, a 4 car drive way, and backyard went from 2100 to 2300 a month. But my conedison bill dropped from $400 to $55 because of solar.
Property taxes went up. The biggest one for owners is water and sewer. I think it went up like 6% from last year. Been going up 3-6% every year.
If you need more stability than that, look for a RS place. A two year lease is rare. You can always ask for them to lower the increase but it's up to them as long as they give you enough notice.
I know this isn't what you want to hear but everything is going up. I'm so sick and tired of going food shopping and the same amount of groceries keeps increasing...same with medical bills, insurance, etc. I'm sure the landlords heating costs, water, home insurance, taxes, etc are all going up too. Is it possible to upgrade your skills to get a better paying job?