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Things are changing in the big apple and moving here right now is going to present some challenges today we’ll discuss the real cost of moving to new york city in 2022 you don’t want to miss it we could dedicate an entire video to the stresses of finding an apartment but you can’t move to new and case in point my own move
To brooklyn in october 2020 from manhattan in 2020 my apartment was sitting vacant for a month the owner had to lower the price multiple times before we finally saw it and ended up taking it now fast forward to the fall of 2021 two apartments in my building were open and i recall watching rutgers football and
Then looking outside my window at a line down the block of people interested in new apartments in park slope 15 people saw the apartments all 15 people applied the same day if you want to live in one of the more desirable neighborhoods in any of the boroughs be prepared for battle no be prepared for war it is insanely
Difficult to get an apartment these days and i’ve always chuckled at some of my friends in other cities who told me getting an apartment was as easy as looking at it done but i am curious our apartment’s getting tougher to rent in other u.s cities tell me in the comments all right we’ve got hannah here
Fellow youtuber just bumped into her checkered channel out we were just talking about how competitive it is to find an apartment it was hard especially in june i looked a little bit in march the market and then by june it was like the kova deals really shrunk so literally it was like there were lines out the door for
Apartments yeah we saw one apartment that there must have been 15 people at the open house brooklyn bridge park here is the most touristy spot in the entire borough but it’s also the most beautiful but let’s be honest how many places do you have two amazing bridges and that view of lower manhattan this can’t
Be b and if you’re curious we have a really cool guide to dumbo on the channel you can tell tourists are back circle line is practically full i’m liking these signals of tourism returning we want you guys back this probably sounds familiar for people who’ve just bought a home in the us with the insanity of the real estate
Market right now according to a new york times article from city the spiraling cost of home ownership has had a cascading impact on the rental market with the appetite for single-family homes and condos driving up their costs some people eager to buy or instead opting to rent pushing up rental prices do you
Remember the words pandemic pricing what pandemic pricing anymore in a lot of neighborhoods were in 2019 many but not all apartment owners in new york city are shrewd business people and there has been countless reports out there of apartment prices going up over 1 000 from their pandemic price some property owners say
They’re adjusting for the booming housing market making up for lost income and compensating for the escalating cost of utilities and property taxes i see both sides here the owners who have lost a lot of money the last two years trying to price their apartments at what they can get on the open market and then
I see the side of the people that move to apartments and neighborhoods they never could have afforded in the past and sadly not being able to pay for them i mean i know cash shorten but i’ve been monitoring the rental market pretty closely the last 10 years and i’ve never seen it like this let’s take my old neighborhood of
Greenwich village for example let’s type in any apartment any setup in greenwich village 2500 or less fear no fee you know how many apartments are available neighborhood you’re thinking that’s too cheap let’s up it to three thousand dollars or less six total apartments we’re gonna add the entire equation eight
Total apartments available at three thousand dollars or less a month in an area that has seventy to one hundred thousand people i want that to sink in a little bit to see what’s going on in new york city and how competitive it is right now to get any apartment at a halfway decent cost from the streets of the
East village to the met to moma art is a huge part of new york culture and artists like warhol basquiat and keith herring have practically become a part of the city themselves when i look at their works in museums i’ve always wondered what would it be like for a normal person like me to actually way too expensive and i
Could never afford it that is until i discovered masterworks they’re an nyc based fintech startup making it possible for people like me to own a stake in investment grade art that’s what the folks at morgan stanley call now thinking of art as a good investment can be difficult to wrap your head around masterworks
Lets you get the benefit of art as an investment paintings into shares which you then purchase on their platform it’s like buying a slice of pizza instead of the whole pie their team of art experts analyze over 60 000 data points to find trending artists with high potential for growth then they purchase paintings by
These artists after they go out buy them you can purchase shares representing an investment in those artworks on their platform and right now this is the only way to add this type of art to your portfolio short of actually going to an auction so if you want to check them out my subscribers get priority access click
The link in my bio and from the comfort of investor i just filmed a video about the crime situation in new york city and boy was i surprised how well that one did but maybe not shocked because in the back of any big city resident’s mind it’s always okay how safe is this area and i hope i didn’t make it look like
Only new york city was seeing a rise in crime numbers because it’s happening in just about every single big city in the united states now there’s a certain advantage that native new yorkers and long-time residents have versus you the new transplant of the city to their own safety they’ve seen just about every
Situation and i think they can get into avoidance mode much quicker than anybody else if you move to new york city sooner or later you’re gonna run into something that makes you uneasy something that makes you uncomfortable and if you move to new york from a boring suburb in northern new jersey like i did there’s gonna
Be an adjustment period because you’ve always got to be aware of your surroundings and for some people that can be a little bit tricky because living in a big city you just never know you’ll have your good days you’ll have your bad days you’ll have your days where your train gets stalled in the manhattan bridge for
15 minutes you see something disgusting on the subway and you’ll have your good days where you meet somebody really cool or your transfer at the next station is waiting for you right as your subway car pulls in the city your surroundings at all times it’s not for everybody moving here in 2022 you’re coming to a
City that’s in the process of fully reopening the vaccine mandate just went away one week ago so now it’s up to individual businesses to decide if they want to require a vaccine to eat there and if they want to require a mask to come inside i read a really interesting statistic in the new york post that restaurants were
Back to about 75 capacity compared to pre-covered but showing up at the office that’s a different story recent data show that just 28.6 of desks in new york city are actually occupied during the week i love this quote going to a restaurant for an amazing meal worth it the person told the post commuting to
Sit at a desk for eight hours when i could do that from the comfort of my own home not so much now mayor adams is trying to get people to go back to the office but most of my friends who work in those traditional settings they have a hybrid setup or they are fully telecommuting the days of happy hours every evening and
Making friends with your co-workers i don’t know when that’s going to be a regular thing it’s very tricky because a lot of these businesses sign long-term commercial leases to have office space and it makes a lot of sense for them to have people come back but the employees i hear they prefer telecommuting more
But when it comes to moving here for a career within your field and one of the great things type a personalities people that are fully some unhealthy competition take myself i am friends with a lot of the new york city creators and even from time to time i will compare my numbers to theirs whatever your
Path is whatever career field you come to new york for don’t catch yourself comparing your progress to others because everybody’s journey is different i don’t know how the rest of 2022 is going to play out and while it’s super easy to kick new york city when it’s down truth is if you really feel like you belong
Here it’s your dream you should still move because i think there’s a lot of opportunities as well with the city fully reopening and people just video right here we talk about manhattan versus brooklyn the two most popular boroughs to move to we answer so many questions go check this one out
Transcribed from video
Is Moving to New York City in 2022 Even Worth It… By Here Be Barr
