Can we all agree NYC is now a sad shell of its former glory?

I live in nyc. The fact this dude thinks $1600 to rent a room is "cheap" is absolutely mind boggling.

having to make 64k to share an APARTMENT with 3 other roommates is insane. If i'm making 64k I want to be living on my own.

It's not just NYC, it's the whole United States. My family and I live in a small town in southern Minnesota - population 2,000 including the cows and corn. My husband and I are retired. Unfortunately, we made some poor decisions with our money. Long story short, 3 years ago, our son, his wife and now our grandbaby and us bought a house together. All of us are owners. The kids have the entire upstairs 3 bedrooms and a bath. My husband and I have the downstairs bedroom, living room, dining room. We share a common kitchen and laundry/bathroom. We pay the utilities and 1/2 the mortgage. The kids pay the other 1/2 of the mortgage. This arrangement isn't for everyone, but it works for us. We paid $110,000 for the house. In the 3 years we've been here, rent/mortgage has gone up. Right now, our home is worth $350,000. Something needs to be done. As a nation, there are more homeless people than ever, the cost of living is astronomical and none of this is sustainable.

1600 for a room in a house shared by 4 people is mind boggling tbh

Landlords realize the city would pay $9,000 or more per month to house a family of migrants, instead of resident tenants paying less. 🤷🏼🤔🙄

Bruh everyone pays so much to live in New York and they all say it’s worth it but I have yet to see ANY reason that makes it worth it 😂

This Guy Just said that apartment cost $6,495 Dollars a month for a 3 bedroom apartment. Where im Currently Living in Delaware You Can Get a Mini Mansion For That Price a Month....

"Rent within your means" and then "6400$/month for rent" in almost the same breath.

Moral of the story: unless you absolutely have no other option, never depend on the government for anything.

“Each person is paying $1600 which is not too bad” I have two masters degrees and am still begging for a job above 40K a year.

Most of the housing landscape in America has moved beyond the 30% of gross monthly income. A good bit of the population is now rent-burdened. Housing costs have outpaced income growth.

Yeah, well, take some advice from an ex-New Yorker. I was evicted at the beginning of the pandemic when my job went bye-bye, but before the moratorium was in place. I was already living in an illegal apartment. I lived in my car for two months in the midst of the pandemic, so no showers at the gym, no bathroom, shelters? No way! I became nocturnal to keep my car and stay under the radar. Took cat naps by day in different places. I escaped by night on tertiary roads--remember when they were stopping people at state lines? The closest major city to me is now Quebec City but I’m in the USA. I’m a resident caretaker in a one room cabin at a rustic camp. I don’t pay rent; I maintain the premises, keep a register of hikers, canoers, hunters overnighting on the land, remotely monitor two wildlife cameras for a conservationist. Other than occasional tutoring, sewing repairs, making assorted crafts to sell in summer, I consider myself retired.

I live in a boring Midwest city. That being said, I pay nine hundred and fifteen dollars a month for a mortgage on a big house built in the 1880s. I saw my rent getting increased every year and decided to work on my credit and save money. I worked at the local grocery store during the pandemic and paid my rent every month. My neighbors laughed at me because they were sitting home doing nothing and collecting more money than I was working through the pandemic. I got the last laugh because now they are paying MORE to rent the crappy apartment than I am for my mortgage. I am also now a manager at the grocery store and am saving up for a pool. 😂

Here's the thing that is wrong about all this. Who is saying it's acceptable to charge one person $1600. And you have to find three other roommates just to have a shitty apartment. This has to change.

Unfortunately most of these people would rather go through this than move out of NY.

One thing I have learned watching this channel is everything in New York City is so much more complicated, every solution has a downside, every problem is tenfold.

Making room, for the replacements.

you have one of the best most informative NYC channels I have ever seen. Please keep doing what you're doing....I've learned so much about my own city from your content! Keep it up!

I feel like there’s something obvious that isn’t being said which is that in the current economy, people cannot afford the cost of living even though they are working(!). It’s hardly a problem with “apartments” as much as it is a problem with universal rising costs despite universal stagnant wages. Implying that $1600 per month to have three roommates and potentially have to be the one that lives in the basement is good value is gaslighting and heartless

As someone born and raised in NY all I can say is people should get out of there while they still can.

Rent is too high everywhere.

I think that you are doing fantastic work Jordan and you are a superstar hero

So the New York City rent stabiliation program goes behind on their payment of people's rent, the city administration should be brought before the court for failure to pay on a contract (lease) by the renter who has paid their share of the contract (lease). If the city of New York or any city forfeits, the federal government should terminate the rental of Manhattan Island and return it back to the original owners.

NYC bureaucracy is incompetent at a staggering level.

"each person is paying $1,600, which is not too bad." in Oklahoma you can rent a full fledged house with a bigger back yard for like $1,800 utilities and water included. So thats pretty bad.

Love your videos, so informative, you do a great job.

I just love,love,love your videos,cash!! You do your home work ,,,,investigate,,then give your viewers n commenters,subscribers the pure,truthful facts of the subject matter!! Genious!! Keep it coming,,,love your info and narrative on the sujects!!

My brother is a landlord. Tenants refused to pay rent for 4 years. They trashed their apartment. They have attacked him. The courts finally kicked them out. Thank God for their eviction. They’re thieves.

Get out of New York City now if you can. The Rent for those hell holes is absolutely ridiculous.

This is not just there, it’s everywhere.

Your videos are great and thorough … keep it up!! 🙌

The saying " The rich get richer and the poor get poorer" has never been so true.

The guy mentioned living in house with roommates you know, but the problem is you have no control over what happens to their portion of the rent if they were to lose thier job, not decide to pay, get sick, etc... Doesn't matter how well you "know" them, things happen. That's a huge issue when that's the only situation you can afford in the city.

Why would anyone who's barely getting by choose to live in NYC? It's so insanely expensive there, and just about anyplace else except San Fracisco would be more affordable. I am sorry people are getting evicted, but the logical solution would be to leave.

Your videos are so good! I watch daily ❤ Thanks for the content!!

Leave New York. Total hell hole.

That basement in the 3bed apt has no windows, therefore it can’t be a legal bedroom but the realtor is trying to sell it as a potential 4bed. Also relying on roommates to pay their share of rent is a nightmare waiting to happen.

Cash, I can't tell you how much I appreciate your new "hard news, honestly" content--and how heartbroken I am to see what is happening to my hometown, where I was born, lived for many years, and started a family of my own. We left NYC after the pandemic because I had PTSD and couldn't handle the commute from Queens to the city anymore. I pray for my friends and family back home, who are struggling and wondering what they should do. It's too easy for those who don't have a connection to NYC to say they should leave. If you've lived there, you know. I'm grateful to you for being unbiased and showing the world what's happening and explaining why, and I hope there's an online award of some kind like an Emmy--you sure deserve it.

Thanks, Cash, for another informative update. Some scary stuff going on as the housing crisis deepens. You and Alex make a cool team!

The rent for that apartment was $6495 a MONTH, which is just about $78,000 a year. That is absolutely insane! What if it was a family, not a roommate situation? And after that year the only thing you've got to show for paying ALL THAT MONEY is a new lease contract that is raising the rent. People are already working 2 or 3 jobs just to have a place to live, because most rental properties don't cover utilities. Not only is all of this unaffordable, but it's also extremely unreasonable !

It sounds like a nightmare having to financially rely on roommates/strangers. Why would anyone want to have this precarious situation?

My wife and I had a laundromat for 5 year but had a horrible landlord. We just sold our mat a day ago and couldn't be happier.

Good information on this video, keep them coming.

The more I watch these videos the more I appreciate the fact that I do NOT live in New York City.

This why I paid my rent when COVID was happening. People was listening to the government and not paying rent. That is why some people are nine and more months behind

Sending prayers to all my family, and friends in NYC.

Great report real news and info great job.

When a city official says "we'll investigate it", be cautious.

It saddening. I can’t imagine paying 3000 before Covid or inflation.. 6,000-15,000 a month is ridiculous

Just gotta say the recording style is amazing keep it up

Thank you so much for covering and bringing attention to this. Just be careful; not of the homeless people, but the federeal government. There is a KZfaqr known as Serpentza, who has actively called out how bad life can be over in china, and multiple arrest attempts, assassination attempts, and even a honeytrap were launched at him. What he went through was appauling. If New York starts passing laws saying that you can't publicly film, take it as a heads up.

It's so crazy for me that people has to have roommates to be afford to live in these places, and even then its beyond expensive

That 3 bedroom apartment is 6x the mortgage on my house (which, admittedly, is a modest house, but I have an actual house with acres of land). NYC sounds like it can't be worth the cost.

My hubby frequently says that most Americans are one bad day from becoming homeless.

Seriously, if you rent an apartment for $6,495 a month you are only asking for trouble. A roommates rent is only good til one has a mishap, then their portion falls on you.

Back rent - that’s what happens when you lock down a city and prevent people from making a living and expect them to catch up, when they were barely making it before.

Something's ROTTEN in the Big Apple

He said paying 1,600 a month per person for an apartment is "doable"... wow, I can get a 2-3 bedroom for that in a nice city.

The Fatcats, Elitist and Criminal Politicians could not care less about the City of NY. It's a 24/7 dumping ground. I left December of 2020. It's one the best decisions I've ever made.

On the bright side funds are being diverted to non citizens 👍🏻

This is the problem with over crowded cities and bloated bureaucracy with no accountability.

Absolutely, I get where you're coming from and I'm with you on this. Yet, there's another angle to consider-irresponsibility with money is all too common. Many prioritize splurging on fancy clothes and weekend outings over essential expenses like rent. Having lived in New York City, I've seen firsthand how some manipulate the shelter system to benefit from rent programs. It's a complex issue, indeed. Just something to ponder.

“Try to find somewhere more affordable and don’t bite off more than you can chew” *shows $6400 apt* BFFR. A huge chunk of NYCs population are “lower income” families and they aren’t making $200k a year like the yuppies who make NYC their apartment hopping playground.

I feel so blessed that after my divorce I was able to recover within a few years. I purchased a beautiful 3 bedroom, 2 full bathroom house with a covered front porch, rear deck and small yard in the front and back outside of Atlanta. I completely 100% fully paid off my house last year and it feels freakin' amazing. My ex complained I was a financial control freak but being financially responsible and having discipline with your monthly budget is why so many people end up in terrible situations.

Cash Jordan, My compliments. I like the way you run your show, your subject matters, your editing and all.

Gentrification has some studios in Boston at about $2000, thats what the average 1 bedroom used to be, and considering the inflation thing....

This is happening in Washington state too. My town of kitsap its awful. What the heck is going on in the US. I work full time and had a medical emergency. There is no rent assistance for some reason for sibgle working parents and elderly in fixed incomes.

I asked a friend who owns Multiple Rental Apartments in Chicago how does evict people who don't pay and how much headache it is for him. He told me he only used the Court Eviction once one. The Rest of other time, he manage to get people to leave by PAYING them money. He told me almost all the time if he offer someone $1000-1500 to leave within 2 days, they would immediately pack up, and leave as soon as he hand over the cash. He said this way you are helping someone who has no money, and also save himself the headache of going through the eviction process via Court Order.

You have evolved into a great NYC REPORTER!! I live in North Chicago… lots of NY’ers moving here! 1 berms are going for $1200, in good neighborhoods.

I live in the Bronx NYC near Riverdale... My Rent is only $1,500 a month with Parking included in the House DriveWay. I have a Huge Bedroom 16'X18' Living Room 16'X22' Kitchen 16'X14 plus a decent sized Bathroom. I feel so Glad not to be paying Crazy NYC Rent $$$

In Toronto a studio apartment in a actual building not someone’s basement cost you around $2100 plus some utilities

I really love this channel, not just because Cash is a great at what he does, but because we can see what is REALLY going on in NYC. Not just a bunch of propaganda that the media outlets give us. He takes us into NYC literally so we can see with our own eyes what the media is NOT telling us.

It's really mind blowing to me that people in NYC pay thousands a month to live in apartments that look like walk-in closets. I live in Upstate NY (in a tiny home btw) and some of those places are smaller than my laundry room. WOW

Same as LA and SF exactly

Making minimum wage is now $16 an hr. Gross pay and Pay are is a main reason evicts are so high NYC. Your weekly gross pay is $640 ($2,560 monthly), but net pay is $320 (1,240 monthly) Only $1240 a month to pay rent, buy food,and utilities. Currently, rentals in buildings classified as Affordable Housing starts at $1500 for a studio. Also, since your gross pay is used by social services when applying for assistance, you will not qualify for any rental assistance until you become homeless. SSI and SSA recipients are also being evicted because their cash benefits are just enough to cover current rent, but annual rent increases/renewals are now higher than their current cash benefits.

It's all in the plan. How can you build back better until you tear down first. They told you what they are doing.

People didn't pay rent for years during Covid while their landlords were still on the hook for taxes, maintenance, HOA fees etc. Some were in a legit tough situation but others took total advantage of the situation and didn't pay their rent even thought they had the same income.

The same thing going on over here in Newark Nj, it’s ridiculous 🤦‍♀️🤦‍♀️

Thanks Cash!!

Got an idea. All these evicted people should go to the city hall and demand the city will ( Follow their policy) by providing them with housing. Maybe the city should put them in hotels for indefinate amount of time, and give them debit cards to spend on food or whatever.

It happens everywhere. Also in europe ... Rents and living costs are high and people don't make enough money...

I'm a New Yorker and the rent is Krazy in the boroughs right now. The cheapest is probably the Bronx or in the he slums. $2250 for a 1 bed room is insane

What does the land lord have to do with that ? Look the price at mortgages. Montages ate at an all time high. Repairs. Runs in the thousands. If the landlord take out a mortgage to repair it cost thousands. It’s a no win situation

In California- I always paid rent on time for 4 years. Landlord game me “no fault eviction notice” and never provided relocation assistance, not even last month rent excuse. When I demanded to fulfill them their legal obligation, landlord further broke lease agreement which allowed me to have a roomate on lease. Landlord evicted my roommate and raised my rent to 5 times in 1 month. Then when I could not pay that much for 20 days, landlord filed an eviction case, had an expensive attorney and won damages, eviction and got awarded everything landlord asked. Myself, being suffering from severe public anxiety, had to present my case myself as no city or non profit helped me saying they are too overwhelmed with cases. I spoke to judge and felt like I was talking to a wall. The entire system cheated me out to streets. And now I have an eviction on my record and cannot rent elsewhere since I have irregular low income. This system is actively punishing being poor.

My lease was due to be renewed 2/21 and my gut told me to get the hell out. I was working remote anyway, best decision ever. I do miss the food at times but I’m still happy I left.

$1600 for a bedroom!?! Insane!

Great video, Cash: Here is the problem with a lease where the landlord/Leasor expects everyone else to pickup the bill and penalizes the tenants who pay their full rent, if one roommate can't pay. While I'm not a lawyer, I did do some research on rental contracts and what constitutes a notice to quit on a rental agreement. If a group of tenants chooses to rent a rental and all choose to sublease, usually each sublease is an individual lease and not a group lease. Since a sublease is an individual promise to pay, only the tenant subleasing is responsible for his or her own share of the rent and no other tenants share, of the rent. As long as the tenants are paying their share of the agreed upon rent, in full the landlord/Leasor can't shift the rent amounts owed by one tenant to everyone else in the group, nor can they evict the group without just cause. A sublease is a single lease, for a room and shared kitchen, bathroom and housing privileges. As long as the subleasor abides by the rules and pays their rent on time, a landlord/leasor has no grounds to evict them. A sublease should never be written to make the other subleasors responsible for a subleasor who can't pay their rent and it is the landlords/leasing companies' job to bring in tenants to the property and not the subleasor's job. Never sign a sublease set up to force you to pay the other subleasors' rent, if they can't pay. It is very illegal and unethical for any landlord/leasing company to force other subleasors to be responsible for another subleasors' rent within a group of subleasors renting together on individual subleasing contracts.-Happy trails😀

NYC is dying out slowly and steady

I love how everytime something is too expensive, yhe solution is to help people pay for ut instead ot trying to figure out why it's so expensive in the furst place and trying to solve that

The present mayor of NY has trashed the place. He and his staff are clearly completely incompetent and needs to go.

I'm from Liverpool hello your one of the good people on this planet

How are you able to go 8 months without paying rent? In my day, I would have been kicked-out within 45 days.

NYC resident here since birth. Besides the obvious reason that people simply can no longer afford to live here many are making the deliberate choice to break their leases and move away. They are deliberately not paying rent to save until they get evicted, all the while they are saving to use the money to move somewhere else. They aren't doing this to get over on anyone and I am reserving my judgments because they are simply doing this to escape the indentured servitude that is their reality here in NY. I eat one meal a day and spent almost 20 dollars at Mcdonalds the other day for just myself (one large chicken sandwich meal with a value menu mcdouble). It's nuts.

However a ton of landlords want you to pay as much as possible for rent and will lease their apartment to the candidate who can pay the most every month out of the rest. So it’s pretty much a rental auction which is on the rise in some parts but is luckily illegal in quite a few places.

Similar situation in here in Toronto,Canada

NYC seems like a gigantic headache in every aspect

6400 a month for that apartment is crazy sheesh. My house of 3 bedroom rooms is only 1700

landlords are also subjected to government taxes, fixed and percentage based, also the standard of living.

Is there such a thing as a type of insurance that people can pay into to avoid getting evicted when a financial disaster strikes?