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Jake R's avatar

IMO the bigger problem with SROs is the difficulty of evicting bad actors. This is a huge problem everywhere for every type of rental development, but it is completely fatal when you are already somewhat selecting for bad actors. Add in communal spaces like kitchens and bathrooms and you need downright draconian ability to respond and probably a strong selection filter as well.

Dominic de Bettencourt's avatar

“Only about a third of two-bedroom renters in Manhattan actually pay over $3k per month”

I’ve been seeing this claim a lot recently, that it’s not actually that expensive to live in Manhattan. But aren’t these mostly people who have won various lotteries or have lived in the same rent-stabilized place for several years? I can’t find a single place below 112th st on streeteasy that satisfies these conditions. I think this data doesn’t really represent the price that you’d pay if you moved to Manhattan today and found an apartment.

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