[lambda_lover]

I know that rents in those places has plateaued, but there's so much demand that even a steady outstream of new parents might not make a dent in housing prices. NYC rents dipped recently for the first time in years, but as somebody who's currently shopping around for apartments in NYC, the changes aren't really substantial to the end renter.

[lazerpants]

It appears to me, based on looking last year and this year, that the L train shutdown is starting to distort rents in desirable neighborhoods outside of Wburg. People are fleeing Wburg in favor of places like LIC, Astoria, and Downtown Brooklyn before L service is suspended. Probably a great time to look in Wburg if you can commute via ferry or stay in the neighborhood though.

Edit: I should add that people aren't just leaving Wburg, anywhere along the L line is impacted. I suspect it's creating a rental price floor in other parts of the city, at all price points.

[istorical]

As someone whose current lease on the L doesn't end until this October/November, this scares me.

I've been wondering how many 100's of dollars average rent for a bedroom will rise (100, 200, 300?) in the other BK neighborhoods that young, childless, salaried people tend to live. I've found that one of the biggest benefits of NYC is the salary to rent ratio (compared to other major American cities) if you're OK with roommates and a 30-45 minute commute on the subway. I wonder how much the L shutdown changes the math.

[arcaster]

At least it's slightly more reasonable than Bay Area prices... haha