Living in a good home in New York City has always been very expensive, more so now. Regular homes that used to be affordable are now fancy and cost a hefty amount of money. A recent viral video giving a tour of a studio apartment in Manhattan, listed for about Rs 2 lakh per month, has not only highlighted the ongoing housing crisis but has also stirred anger among internet users. A real estate dealer named David Okocha posted a video on Instagram showing a studio in Nolita, Manhattan, New York. The video garnered a lot of traction online. People were surprised by the rent, which is Rs 2 lakh, that too for a poorly-designed studio apartment.
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The caption of the post reads, “Is this the worst layout you’ve ever seen?”. So far, the video has garnered over 3.1 million views and is still counting more. One user wrote, “For that price, they need to do some serious upgrades. It’s not worth it, just to say you live in Soho. The apartment is depressing”. Another user added, “The New York rental market should be presented to the Supreme Court for absolute audacity”. “That shit better be like $500 (Rs 41,376) a month”.
A while ago, a video of the tiniest apartment in New York City became popular on social media. Realtor Omer Labock posted a video on Instagram, giving a tour of this small apartment in Manhattan. The rent for this tiny space is $1200 a month, which is approximately Rs 99,482.
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The Norm of Expensive Small Apartments in NYC
There are many buildings in New York with small studios, known as single-room occupancies, or SROs. These studios often don’t have bathrooms or kitchens. While their rent might seem cheap compared to New York standards, it’s still expensive compared to other places in the country. This shows how people are fascinated by the idea of living in some of New York City’s most desirable neighbourhoods.
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