While the median size of new U.S. homes has risen to an all-time high, a study says the average size of new apartments has fallen by 8% in the past decade. You can have a tiny apartment in a cool place, a huge house in a boring place, or, more likely, the backseat of a 1982 VW Rabbit in the Walmart parking lot.
During the furious stock market boom of the past several years, the only apartments you could find anywhere were exclusively glass-walled luxury penthouses, priced at $85 million. It seems, however, that we may be waking up from our cash-induced fancy apartment haze at last.
When it was announced last July that NYC’s Department of Housing Preservation and Development approved a high-rise building with separate entrances for low-income and wealthy tenants, outrage dutifully followed. But now that applications for the building are open, the city’s housing problem appears to be worse than we thought.
The Brooklyn District Attorney's office has arrested two landlords for allegedly attempting to make a building in the borough uninhabitable for its current tenants. The DA's office claims that the landlords wanted to push the building's tenants out and charge higher prices for the available units. Prosecutors have not yet detailed specific charges.
Just when you think living in New York can't get any dumber, the New York Times' Real Estate section arrives. This Sunday New Yorkers were treated to a story on married couples who've taken roommates into their already too-small apartments. Because money's already tight and you can't afford a place just for the two of you, how much worse could it get sharing a fridge with 22-year-old Tyler?
The latest battlefront in Russell Brand's Revolution™ is the New Era housing estate, a choice piece of London property currently occupied by 93 families. The estate's new owner, U.S. firm Westbrook, intends to evict them so it can fetch "fair market rates"—an insane $3,000 a month—for the apartments. Brand has made himself the face of the tenants.
The skyline of "The Big Apple" is festooned with soaring, glass-sheathed condo high rises, where the world's wealthy shelter in altitudinous luxury, away from the teeming masses. With a little luck, all of those people will die in a heat wave.
Think your little one-bedroom is small? Imagine living in one of these work-study "prison cells" occupied by Korean students.
Rich celebukid Chelsea Clinton and her other side of the tracks husband Marc Mezvinsky will move into a 5,000 square-foot prewar apartment with expectedly high ceilings, shiny hardwood floors, and park views. The Whitman, a 1924 building by Madison Square Park in NoMad, is very close to their loft in Gramercy where they supposedly live now.
Have you ever had a casual acquaintance who seemed totally normal and nice and the first time you went to their house they were like, "I can't believe you've never seen my house!" and you were like "I can't believe I've never seen your house!" and then you stepped inside and the floor was littered with mutilated doll bodies and it smelled like apricots and there was no furniture?
How did you do financially last year? Very well, I hope, because rent in Manhattan, where all the breathless American dreamers yearn to live and "make something of themselves," rose 10% last year. The median rent in Manhattan is $3,200.
For just $2,400 a month, you can live the high-class presidential lifestyle Barack Obama lived back when he was a broke college student.
A "friend" of George Soros says the 81-year-old Hungarian mogul used to make his Brazilian ex-girlfriend Adriana Ferreyr sit at the children's table during his Sunday brunches in the Hamptons—ostensibly because she's 28, which is very young.
