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View Full Version : Studio apt or not?



RS085
November 21st, 2008, 12:00 AM
I posted in the Moving to NY thread a few months back and im on the second to last page with my info, or you could just look at my "all posts" but im getting closer to making the amount of money I need at the moment to save up and move back.


Is at least $3,000 enough to save up to find a place? I figure I can pay the first month with that while finding a job(s). I dont mind living with roommates but the idea of a studio apartment is more and more appealing to me since its private. Where can I get some cheap studios generally around Brooklyn? Wburg? Fort Greene?

I really dont want a broker cause I dont wanna waste money on some * I can do myself with a little more extra time and persistence. Just need a ballpark idea of how much id need to get my feet on the ground. Not looking for extravagance here, just a reasonable place for a 23 year old with a bachelors to live in Brooklyn w/ or w/out roommates.

I do think a few grand is good. Im pretty good with money, so whats a reasonable salary for me to live comfortabley, about 35k a year?


Thanks alot, ill be checking up periodically cause I gotta get the **** outta Upstate.
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stache
November 21st, 2008, 04:00 AM
Have you lived here before?

RS085
November 21st, 2008, 05:22 PM
Newark for school a few years.
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stache
November 21st, 2008, 06:13 PM
35k a year after taxes you could do.

RS085
November 22nd, 2008, 12:34 AM
I found a nice studio for $1100 with heat and water included by the Bedford/Nostrand stop on the G. Its address is Clinton Hills but its on the brink of Bed-Stuy, hahahaha, dont know about that one.

Still though, $1100 for a 550sq ft studio with a bathroom and heat/water included is not a bad deal.
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rmassengale
November 22nd, 2008, 01:42 AM
Hi. I'm going through a similar situation. However, I don't think 3k is enough.. being that the economy is the way it is. It could take 3-4 months to even find a job. I know others will say NYC has tons of jobs but the truth of the matter is you never know what will happen. Plan for the worst. I tried to move to NYC about 3 years ago and failed because I thought, with my experience, I would find a job fast... well, it didn't work out so well.. Just some advice from experience.

In terms of a studio that's $1,100?!? Well, in my opinion, that's VERY expensive for someone to afford that has no job nor much money saved. You may hate the sould of it, but if I were in your situation, I would be looking into renting a room (as cheap as you can find) until you find work. Then you can bust out w/ the $1,100 apartment!!!

Remember, you will not only have to pay first months rent, but also security as well as the last month sometimes. $3000 doesn't go very far at all.

I hate to see people fail, just as I did, moving unprepared to a big city. It sucks I know, but just look into renting a room.

Hope this gives you a little insight.

RS085
November 22nd, 2008, 02:20 AM
I really dont think $1,100 is that bad, when it includes utilities and is 550 sq ft., with very high ceilings. Its actually a studio with room for two that can easily be made into one bedroom.

My particular field or career is in the education sector, which is something thats in demand, regardless of the economy.


Are you the one who wanted a $900 studio in Harlem?
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stache
November 22nd, 2008, 02:20 AM
RS I can tell you the job situation is horrible right now. I've been here nineteen years now and I have never seen it this bad. :(

RS085
November 22nd, 2008, 02:25 AM
Hi. I'm going through a similar situation. However, I don't think 3k is enough.. being that the economy is the way it is. It could take 3-4 months to even find a job. I know others will say NYC has tons of jobs but the truth of the matter is you never know what will happen. Plan for the worst. I tried to move to NYC about 3 years ago and failed because I thought, with my experience, I would find a job fast... well, it didn't work out so well.. Just some advice from experience.



I plan on having a few grand before I do anything for at least a few months rent and security deposit. I really dont have many payments aside cell phone, two low credit cards and a loan payment, thats virtually it.

I am in the middle of getting a long term subbing position at a local middle school here where it goes from $70 a day to $150 after 20 days, every 2 weeks, which works out to be 1500 before taxes every paycheck.
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stache
November 22nd, 2008, 03:12 AM
You will need an additional job.

rmassengale
November 22nd, 2008, 12:17 PM
Yea, that's me.. and I still feel it's within reach. I'm also moving with my partner, meaning there will be additional income.

All I'm saying is to plan for the worst.. You never know what's going to happen. You may find work your frist week. You may not find work for 3 months. An $1100 Studio is expensive for someone making $75-150 a day. There are other expenses I feel your not taking into your calculations.. such as everyday needs. You need more money to play it safe.

RS085
November 22nd, 2008, 10:10 PM
An $1100 Studio is expensive for someone making $75-150 a day.


Im making that $75-150 NOW, upstate, not in Brooklyn. Thats how im saving up every month.

Right now im upstate in Utica working at the city HS, saving up to move by March or so, not sure. Everything obviously depends on whether I can find a place and save enough. I cant stand it in Utica, this place is absolutely terrible. Gotta get back down there.
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RS085
November 22nd, 2008, 10:13 PM
You will need an additional job.


Im thinking of doing so even right now, working two jobs in Utica. Id save more money in shorter time.

I have the option of getting a studio but I wouldnt mind splitting an apt with someone. I could live with a few friends but cant depend on that.
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Schadenfrau
November 23rd, 2008, 01:48 PM
Its address is Clinton Hills but its on the brink of Bed-Stuy, hahahaha, dont know about that one.


I don't know why you're yukking it up over the idea of living in Bed-Stuy. It's more funny that you place such weight upon foolish real estate terms.

RS085
November 23rd, 2008, 02:33 PM
I don't know why you're yukking it up over the idea of living in Bed-Stuy. It's more funny that you place such weight upon foolish real estate terms.


A 550 sq ft studio in that area for $1100 with everything included?

Ive seen alot worse.
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Schadenfrau
November 23rd, 2008, 04:14 PM
I'm certainly not scoffing at the fair price- I just think it's silly for you to trump Clinton "Hills" and quake about Bed-Stuy. Man up.

RS085
November 23rd, 2008, 10:53 PM
I'm certainly not scoffing at the fair price- I just think it's silly for you to trump Clinton "Hills" and quake about Bed-Stuy. Man up.



You do pay for the address regardless of whether its on the brink.


NOBODY came to visit me when I lived in Newark. Ill take my chances with Clinton Hills, even though its bs anyway.


Still though, that studio aint bad, although I still am after affordability so I think having to settle for a roommate or two would be fine. Id rather pay under $1000 than over it ideally.

Ive seen some decent offers on Craigslist, I guess ill just have to keep up with them instead while Im saving up, they seem more realistic.
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Amberlicious7583
November 25th, 2008, 12:43 PM
I found a nice studio for $1100 with heat and water included by the Bedford/Nostrand stop on the G. Its address is Clinton Hills but its on the brink of Bed-Stuy, hahahaha, dont know about that one.

Still though, $1100 for a 550sq ft studio with a bathroom and heat/water included is not a bad deal.

I actually just moved two blocks from the Bedford/Nostrand stop. I found a nice/large 2 bedroom in a brownstone for $1500 with heat and water included. I like the neighborhood myself. I think you could get a better deal than the 550sq ft studio.

Ninjahedge
November 25th, 2008, 01:09 PM
Look outside the box.

With the glum financial forecast, many people are not renting in THE boroughs anymore (gone back to live w/parents, etc).

So long as you ar not looking for Forest Hills, Brooklyn Heights or Park Slope, you may be able to find something nice!

Schadenfrau
November 25th, 2008, 02:49 PM
Where's the evidence pointing toward people moving out of NYC, Ninjahedge? I've seen exactly none of it.

RS085
November 25th, 2008, 03:26 PM
I actually just moved two blocks from the Bedford/Nostrand stop. I found a nice/large 2 bedroom in a brownstone for $1500 with heat and water included. I like the neighborhood myself. I think you could get a better deal than the 550sq ft studio.


Word, you're probably right, but that $1100 ain't bad. Its just nice to see places like that even though right now I'm pretty positive I won't be getting it.

Realistically, I don't see myself down there til like March or April. (fingers crossed)


I know quite a few friends that live within 5 minutes in all areas of that stop, and its the part of Bklyn im most familiar with, that and Bay Ridge. I wouldn't mind Bay Ridge but it seems way too quiet and too far from the city. Rather be closer to Manhattan.


Ill more than likely split someplace with someone on Craigslist. I just missed out on an opportunity living with two girls my age in Williamsburg, everything was $800 a month, everything. Oh well.


Most important part is probably finding a job or two before I move down than after, although Id rather just pay two months rent up front and security deposit and job hunt like a bastard, otherwise id be stuck with a lease and scrubbing pots 80 hours a week to make up
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Ninjahedge
November 26th, 2008, 08:53 AM
Where's the evidence pointing toward people moving out of NYC, Ninjahedge? I've seen exactly none of it.

Do you want me to go phishing?

Rents in Hoboken are stabilizing and going down.

I suppose Queens is in another country so that would never apply.

stache
November 26th, 2008, 10:17 AM
In a way it is. ;)

Schadenfrau
November 26th, 2008, 10:46 AM
Do you want me to go phishing?


I have no idea what "phishing" might be, but if it's anything close to giving an example, then yes.

Slight changes in rents and vacancy rates don't exactly equal people "not renting in 'teh' boroughs anymore." I do love that Forest Hills randomly made it onto the list of rock-solid real estate, though.

Ninjahedge
November 26th, 2008, 01:22 PM
I have no idea what "phishing" might be, but if it's anything close to giving an example, then yes.

It means aimlessly surfing the net to find a specific link to something.

Thing is, Unless I provide an entire portfolio of possible real estate choices, i am not going to convince you, so why bother? I was not telling the guy(?) what they must do, but a possible route to look that might prove more fruitful than looking in Manhattan.

As for my assertion, I guess the NYC real estate market has not been touched by the recession and rents in the surrounding boroughs has stayed the same. The job losses in the financial sector and others has not forced anyone to move out and what I said has absolutely no basis on reality. ;)


Slight changes in rents and vacancy rates don't exactly equal people "not renting in 'teh' boroughs anymore." I do love that Forest Hills randomly made it onto the list of rock-solid real estate, though.

Yep, given that Ihave relatives that live there and I know the area, I mentioned it. Have you been there? Looked at the price of the rentals by the station? ;)

As for "teh", you really don't like typos, do you?

Tough siht. ;)

Ninjahedge
November 26th, 2008, 01:41 PM
http://ny.therealdeal.com/articles/brooklyn-hot-not-so-fast


In the last couple of years, though, the dominant pattern shows people leaving Brooklyn, usually for Queens, rather than coming into the borough. For many, Brooklyn is the first stop on the way to the suburbs of Long Island, just as people from the Bronx move to Westchester, the data shows.

http://www.nytimes.com/2008/04/06/realestate/06cov.html?pagewanted=print


There are serious signs of a slowdown. Fewer people are buying: sales volume in Queens dropped by 25 percent from February 2007 to February 2008, 31 percent in Brooklyn, 36 percent on Staten Island and 50 percent in the Bronx.


Last April, with help from Adriano Hultmann, a broker for the Corcoran Group, she bought a one-bedroom condo at CityView in Long Island City for $390,000. In March, she paid the same amount for a one-bedroom apartment at Astor I in Astoria.

In your defense:

http://realestateqa.blogs.nytimes.com/2008/10/23/expert-qa-a-downturn-for-new-york-real-estate/?pagemode=print


Itís also important to remember that the New York City housing market is segmented by tenure (renter versus owner-occupied), geography and quality. A drop in housing prices in Queens and Brooklyn due to foreclosures will not necessarily attract renters from Manhattan to purchase the foreclosed homes in the outer boroughs. Just how rental prices will respond will depend on what else is going on in individual neighborhoods.


etc. etc.

Schadenfrau
November 26th, 2008, 03:12 PM
"Just how rental prices will respond will depend on what else is going on in individual neighborhoods. "

Ding, ding, ding.

718Bound
November 30th, 2008, 03:16 PM
RS085, I feel your pain... I went to school in Utica, that was back in like '02 and I bet the place has only gotten worse... I currently live in between Rochester and Syracuse, not much better. Upstate is in trouble!!! People talk about how bad the job market is in NYC, I don't know I can't comment on that obviously because I don't live there. For me I feel there is no other option, the economy and and JOB MARKET is terrible up here... It is a nice warning when people tell you be careful down here in NYC because the job market is bad. No offense to any of them and I do appreciate the advice/warning but they don't know what it's like up here where jobs get fewer and fewer.

There is nothing I would like more to get myself out of this situation and get down to NYC and work any job i can get for a while until I can get on my feet. So why not do it? Because that simple statement is pretty far fetched when I can't find a decent job up here.

The last thing I want is to spend anymore time upstate, it sucks! Then it scares me when I see jobs that pay $10-$11 up here that only pay minimum-$-8-$9 an hour in NYC... Or a job that I have been thinking about applying for in Rochester (but don't because I hate Rochester :() that starts off a little over $15 an hour (decent money up here) and similar jobs upstate pay $17 an hour whereas similar jobs in NYC (except working for the city that pays pretty good) only pay $10-$11 an hour... That is not always the case, but that is pretty scary!!! It costs a lot less to live in Rochester as opposed to NYC, and now I have the fear of being paid less if I can even find a job at all...

It's very frustrating! No offense, but I hope you are all wrong about the job market in NYC, it will give some of a chance if you are.

stache
November 30th, 2008, 05:36 PM
What kind of jobs pay $6.00 an hour less in NYC?

RS085
December 1st, 2008, 01:47 PM
Yeah really, I dont get that either.


Usually the city pays more on average than anywhere else upstate. Only trade off is the low cost of living to high.
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Ninjahedge
December 1st, 2008, 04:31 PM
What kind of jobs pay $6.00 an hour less in NYC?

Lawnmowing?

stache
December 1st, 2008, 05:10 PM
^ lol!

718Bound
December 1st, 2008, 09:34 PM
Yes, lawnmowering :D Don't forget about corn harvesting and picking grapes. :D

Seriously... The $17 an hour was what I said for "up to" what I could find a job in that certain occupation... That is driving a bus, $17 an hour is mainly if your working for Greyhound same as it would be if your working for them in NYC... It's not like I could complain in that scenario and say it's not fair to be paid the same in NYC as Syracuse because I would have to drive daily in and out of NYC. I talked to the station Manager for Greyhound in Syracuse and that is what it would be ON CALL pretty much doing SYR - NYC - SYR runs. On call sucks because that means you basically are on call 24/7/365 and are called with 2 hours notice (same in Syracuse or NYC) so you have no life. At least living and working in Syracuse I would be able to afford to live... Either working in NYC or Upstate they pay about $17 an hour at least I can get my own apartmnt in Syracuse for $400-$500 a month, then again, it's not NYC (and obviously that's what I want)!!!!

There are other companies up here that do tours that pay about $17 an hour that usually do a trip a week to NYC (especially this time of year) and do casino trips etc...

In NYC they have companies like Boltbus that let you do a daily run to lets say Boston or DC and back 5 days a week that pay $17 - $18 an hour but these are hard to get because there are rarely openings.

Now in Rochester they are hiring (entry level) city bus drivers, it's unlike the NYC city bus in that it's a privately owned company and it is easier to get hired, no civil service test, closing dates etc...

Then (I get this info from craigslist and indeed so take it as you will) I see jobs like shuttle bus drivers for hertz (have to have a cdl b/p like any bus) paying only $10.75 an hour... Obviously I don't know what every company pays, but don't understand why people do it for so little? With the 40 hour week they advertise after taxes (30% for a single person, would you say that is about right in NYC?) comes to $301 a week take home, you're talking about 2 jobs if you just want to survive... Forget about the studio, who cares about the privacy if you are never home to enjoy it. :D

Now this is not something I am trying to make a career out of. Part of the reason I want to move is so I can return to and finish college (I could shoot myself for dropping out in the first place)... So I gotta do what I gotta do to support myself to get there and finish it...

I can't think of retail, unless I'm looking in the wrong place but retail jobs I see paying 9-10-11 are paying LESS in NYC. I don't gt it! Obviously must be more people looking for those jobs than companies need to fill...

stache
December 1st, 2008, 10:13 PM
You understand the difference between a long distance driver vs. an airport shuttle driver? This I think would account for the wage difference.

718Bound
December 1st, 2008, 10:33 PM
Haha, Yes i understand the differnce maybe not the perfect example, but you need a CDL B w/ Passenger endorsement... It shouldn't make THAT much of a differnce though... MTA drivers are local drivers as well and their not making that... RGRTA (rochester city bus drivers) are not making that, Syrcuse city bus drivers don't make that either and they are all local, and those drivers are not paying NYC prices to live... I cannot understand (besides pure desperation) what would make someone take the shuttle driver job paying so low...??? I have also seen para transit driving jobs paying around $11. It's amazing because unlike an office job you don't take the risk of being fined a few hundred bucks (ticket) while working, and when you get a ticket with a CDL it costs you a lot more...

stache
December 2nd, 2008, 04:56 AM
Well, depending on the airport, some routes might never get on a true public street, which would lower your risk for getting a ticket. I'm sure no one is wedded to this type of job for life, but it would be easier than restaurant work or manual labor, for example.

718Bound
December 2nd, 2008, 02:07 PM
True and true... It might not be the worst job to start off with...

stache
December 2nd, 2008, 03:37 PM
Seems like a job I see middle aged/older people doing in general -

718Bound
December 2nd, 2008, 03:42 PM
I'm in my 20's but I'm definitely lazy enough to do the jobs intended for the old. :D