NYC Just Raised Everyone’s Rent… Permanently

In NYC's never ending quest to lower apartment prices without building new apartment buildings, they've just created a law that sounds fare... but may actually raise everyone's rent.

The Hangout - Donell Mace

**Everything used to make this video**

Great news! If you make a purchase from any link above, my channel earns a small affiliate commission from the site.

[businesscat]

The saying used to be if you can 'make it' in NY city you can 'make it' anywhere. Today it's more like if you can barely survive there you can probably thrive anywhere else.

[Rocanala]

I’ve never seen a city work so hard to LOSE residents.

[GRABSTOCK]

MY LANDLORD JUST RAISED MY RENT FROM 3, 900 TO 5, 400 FPR A SMALL ONE BEDROOM APT SO I TOLD MY LANDLORD THAT I AM MOVING OUT OF NEWYORK SO HAPPY I LEFT NEWYORK

[emilydc]

I’m VERY confused- why should tenants be FORCED to pay for brokers they DID NOT HIRE but then slumlords are allowed to raise rent however they want no matter what the actual demand and market is??? And these “realtors” trying to get thousands of dollars simply for opening a door is psychotic.

[sherry]

What kind of jobs do these New Yorkers have that they can afford $5000 mo rent?? And why would you want to pay that much to live in a matchbox? I just don't get the NY attraction or mindset. It looks dirty, overcrowded and unsafe.

[Chupabrah]

I used to rent apartments in NYC. Broker's fee charging is SUUUUCH a scam. People NEED to start learning now to rent apts directly from the landlord or owner. Cut out the middle-man entirely.

[Soaringeagle]

No one is this incompetent. This is intentional.

[sjdaniels]

It’s incredibly disappointing that a city with so much to offer, restaurants, theaters, clubs, sporting events… and rent pricing means you can afford… none of it.

[chrisd]

Somebody at the top is getting rich from this idiotic behavior. It's theft.

[davereynolds]

Bankrupting the middle class one penny at a time.

[QuangLe-qknv]

2 bedrooms apartment.
$4, 495 a month.
and you get:
- AN ACTUAL LIVING ROOM!
- ROOM TO PUT A COUCH!

[catlove]

This is insane. I'm from a small town in the south, and you can find 2 bedroom houses with a yard for rent for 600 a month.

[shelly]

I don’t know how anyone affords to live there unless you aren’t a citizen.

[hydewhyte]

I'm confused .. why on earth would anyone voluntarily live there to start with?

[bunsonhoneydew]

I like watching this creator. I have been out of New York for seven years. Now I'm drinking coffee in my RV, looking around this beautiful park, for $500 a month including utilities, in Texas.

[Chaznyc]

I’m a landlord and it’s so easy to self list and screen tenants. There is no way I’d ever let brokers touch my rentals and charge a fee just to open the door. This whole scare tactic that landlords are going to increase rent is that, a scare tactic. Brokers are mad because they’ll have to negotiate with landlords and probably charge a much smaller rate.

[toscadonna]

Brokers = vampires. Governments = vampires. Invaders = vampires. Eventually, the vampires will have sucked everyone dry.

[ryanm]

As someone that’s worked on both sides of this equation. The owners, landlords, and tenants. JUST LIST YOUR OWN $HIT. There have been a plethora of websites setup for millions of dollars over decades to help you do JUST THIS. Laziness is the problem here, and this time the landlords are just looking to maintain/do even less then they already do in between their vacations.

[hannaha]

Why are their brokers getting so much from rent in the first place. The insane NYC market, I still don't get why people stay in that place. $4495 for a two bedroom apartment is just so insane there are no words.

[nfrcam]

Cash, your videos keep me updated on everything New York. I’m planning to move back home to NYC (born and raised) but my family left NY for Philly because of the housing crisis and high cost of rent (to support a family atleast). I appreciate your videos, they mean more than you’ll ever know.