Comments by "" (@hewitc) on "Nobody’s See This NYC Penthouse in 40 Years… Why?" video.
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@josephgaviota It's not something I would want to pay, but people with money to burn spend hunderds of thousands per month to rent homes in Palm Beach, Hamptons etc. One celebrity (maybe Kardashian or Beyonce?) spent over $1M to rent a yacht on the Riviera for one week! When I rented in NYC (decades ago) the most I paid was $450/mo. for a beat up one bedroom with floors that visibly sagged and plaster falling down. Fifth floor walk up but with a Euro-style elevator that fit 3 people very tightly. No AC. No "amenities". But that's still $1,900 in today's dollars. So today's rents sound high to me but I can understand paying $2,500-$5,000 and up. Location, location, the realtors say. Plus most of the city is gentrified now. The old areas of Lower East side (alphabet city), Bed-Stuy, Williamsburg, Harlem, Hells Kitchen, Times Square, even The dreaded Bronx (Fort Apache?) used to be places you stayed well away from. Now they are all %1M+ condos or $6K/mo. rentals. I've been there lately and I only saw one homeless guy asking for change. The FBI says the NYC crime rate is at a 25 year low. I believe it. It's a Democratic area so the right media likes to exaggerates the problems. And it's always had problems-- it's a huge highly populated city with incredible diversity and lots of poor people, like any city. But it's 100% cleaner and safer then when I lived there for decades.
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