Even in Brooklyn/Queens like the video stated, the price is outrageous.
And remember, this is rent. What the Fuck do you get in return for $5000 a month?
You can’t deduct on your taxes like mortgage insurance.
And when you do the math, it equates to $60/k a year. That’s a yearly income for majority of Americans….and a lot of them have a mortgage.
Then you got to add on your monthly living expenses just to live in that unit that could push it up more than $80k/yr.
And it’s not just NYC. Other large metropolitan cities across the USA are robbing tenants blind on rent.
It’s why in earlier posts I have made in this thread on alternative residential living like tiny homes and RV’s.
You paying $60k/yr in rent…..that’s a Fucking down payment on one of these mofos with all the bells and whistles brand new right off the assembly line.
White folks are getting smart on these mofos along with tiny homes.
White folks will profit in the long term on alternative residential living. By the time Black folks get smart on it, the ship has sailed on benefiting from it.
Like I pointed out earlier you gotta think outside the box. Folks are stuck in the “20th Century” way of living and need to move forward in how they look into residential living.
The same way residential living changed from farm living to city living at the start of the 20th Century.
You paying $5k month rent….you really need to sit down and put some serious thought in what you are doing when you write that check and hand it over.
Do you cats understand what you can do with $5000 and how much that is?