CH rents up by 18% per sq ft last qtr ?

While we jabber about the increasing costs of living in CH and how we might soon be priced out, and demographics are changing, and we feel like we can't stop it (or make it go faster).....

I have only one consolation: It is a good thing we haven't decided to do the same thing about Manhattan.

Wow, look at those average rents!

http://blogs.villagevoice.com/runninscared/2012/02/surprise_surpri.php

Yet another article on the topic: http://fort-greene.thelocal.nytimes.com/2012/03/07/whats-so-funny-bout-peace-love-and-gentrification/

Yes, we'd have to know how they collected and tabulated their data before we conclude it makes sense.

That said, this famous guy thinks Brooklyn housing continues to be under valued and hopefully wasn't paid to say that by REBNY. ...of course, this may assume that the opinion of people with something to gain should be trusted more than those that have nothing to lose. Hmmmmm

http://thebrooklynink.com/2012/03/29/43712-investors-are-rushing-to-brooklyn-says-mad-money-jim-cramer/

CTK, sorry about not answering your question. I am just dusting off this thread after several months, to post something related:

The average price for a rental in Brooklyn in September was $2,548, according to a new report from Prudential Douglas Elliman that covers the rental market in North and Northwest Brooklyn as well as Manhattan. (The median wasn’t far behind, at $2,350.) That works out to $29.68 per square foot, vs. $52.60 in Manhattan. So despite precipitous climbs of late, rents even in the most gentrified areas of Brooklyn still come in lower than those of Manhattan, in case you’ve been wondering. Other findings of the ”Manhattan/Brooklyn Rentals Market Overview September 2012? report, which should be available online here later today: Rental prices have actually slipped 2.1 percent vs. a year ago, but levels “remain elevated,” as the report said. The median price of a one-bedroom increased more than any other type of unit. After going up to $2,300 in August, then decreasing to $2,100 in September, the median rent for one-bedrooms finished the year period with an increase of 10.5 percent. Meanwhile, the number of units in new developments increased 6.5 percent vs. a year ago. Prudential Douglas Elliman’s explanations for all these price trends: The rental market remains tight as lending policies prevent some would-be buyers from purchasing, and there just plain isn’t enough supply to meet demand. Also, surprisingly, the report concluded: “Strong employment growth is fueling the rental market, which responds more quickly to job gains.”

http://www.brownstoner.com/blog/2012/10/sorry-brooklyn-rents-still-cheaper-than-manhattan/#more-102474

CTK-

While living in NYC is expensive, I wonder how much the landlords are making in profit.

...my sense is that the huge majority of these costs go out the door in maintenance, fuel, mortgage costs, taxes, etc.

Where would you move?

The economy seems to really suck once you get out of the NYC area. In your profession, could you readily find new work elsewhere?

For those who are not Cool The Kid, Curbed has published a "Renter's Guide to Crown Heights" yesterday:

http://ny.curbed.com/archives/2012/11/15/a_renters_guide_to_apartment_hunting_in_crown_heights.php

The Market Rents are by no means cheap....