Originally Posted by VincentVega
this thread makes me sad. I want to live in NYC one day..just been something ive wanted to do since i was a kid. Even if I made enough money im not sure id do it. Didn't know about these brokerage fees...or maybe im reading it wrong.
I personally love to visit the city to see my undergrad friends. I would hate to live there though for many reasons including the insane costs for everything related to housing. Taxes are insane as well. I've also lived in the South where most housing is pretty cheap so to move to a shoe box which is probably old as **** and ugly as **** for 3x what I'm paying just seems horrible.
While I like many of the aspects of the city, it's not enough to overcome the price, the smell (****ing trash everywhere), the traffic (can't really have a car and the taxi drivers are nuts).
Brokerage fees are exactly what they sound like. Housing goes like crazy in NYC, so you need a real estate agent or broker to get a place. You have to pay them essentially 1M rent or worse to help you out. In most cities, the person renting out the place pays the fees, but in NYC both the renter and the LL pay a fee. It's really insane.