RentHop Blog

The 50s-60s were a boom time compared to the following decades, but were nothing compared to the preceding decades. NYC's biggest building boom was the ~1900s-1930s, after which things fell off considerably. https://www.renthop.com/studies/nyc/building-age-and-rents-in-new-york

RentHop (YC S09) has most of these features, especially the one allowing you to draw the region on a map. The caveat is that they only serve the New York City market. http://www.renthop.com/

Only $108 per ticket seems low to me. Depending on how often they write tickets it may still be worth it for residents to park on the sidewalk: If monthly rent in SF is between $4.63 and $5.35/sqft[1] then the value of an additional ~130sqft[2] room would be at least $600/month. An unfinished garage space is probably a little less so let's say the value of a garage is $500/month. As long as you get four or fewer tickets per month then it's still cost-effective to continue to park your private vehicle in the public right-of-way and continue to use your garage for an office, gym, storage, other car, etc. Something similar happened in NYC. Renting a garage became more expensive than just paying a couple street sweeping tickets a week so many people started keeping their car on the street and treating the tickets as a parking fee. [1] https://www.renthop.com/average-rent-in/san-francisco-ca [2] https://www.dimensions.com/element/parking-spaces

Are you in the NYC area? http://renthop.com

> There’s a premium for a perception of being mostly surrounded by open space Maybe? In urban areas the opposite is true - rent goes up the closer you are to a major subway station https://www.renthop.com/research/nyc-mta-subway-rent-map-2023/

Rents are still $3.5k though. I guess everyone has roommates and that doesn't show up in the data. https://www.renthop.com/average-rent-in/new-york-ny

In practice, most American jurisdictions will not let one legally subdivide a living area into chunks as small as a Parisian studio. NYC regulations on how small you can subdivide are probably as generous as they get. In the Parisian example, it is legal to have an apartment without an in-unit bathroom, and this is straight up illegal in virtually every American city. A list of requirements for NYC (not exhaustive): https://www.renthop.com/qa/nyc/what-makes-an-apartment-illegal

I just added a caveat about that, but many of the top of market neighborhoods people tend to go for here haven't dropped nearly that much (e.g West Village area, Chelsea, UES/UWS). NYC is huge and that drop is not spread equally. Guessing it isn't in SF either, but it seems 31% is going to hit every neighborhood at least a good deal. Edited to add to this, see the spread in June: https://www.renthop.com/studies/nyc/renthop-2020-subway-rent-map-rents… West 4th = West Village, up 7% YOY mid pandemic, even as other neighborhoods saw more drops. Also see the trend here as editorialized around NYC on pace to overtake SF as the most expensive rent market: https://www.zumper.com/blog/rental-price-data/ A better graph near the bottom of this article to show how small the dip is for rentals: https://streeteasy.com/blog/august-2020-market-reports/

That dashboard is misleading. NYC has one of the lowest rates of building permits per population of any area in the US[0]. We're building more, but the population is growing as well. Supply is not able to meet demand. [0] https://www.renthop.com/studies/national/heres-why-rents-are-so-high

A bit off topic, but JumpPost (the site launched on Heroku that this article refers to) looks an awful lot like you ripped RentHop's design. You guys thinking about changing that anytime soon? http://www.renthop.com/list http://jumppost.com/apartments

> I'm a relatively new immigrant to the US, Seattle area > I don't know the circumstances of the people that you describe, but Europe is looking way more attractive than the US The US is giant. I always find it funny when people try to use anecdotal evidence of their lived experience in a single expensive city in the US to describe the entirety of the US, when that is absolutely, unequivocally, not representative of the vast majority of the US. Check out the prices of an apartment in Seattle[0] vs Austin[1], or NYC[2], or Pittsburgh[3], or Indianapolis[4]. When I lived in Seattle, I was paying around $1900 a month for a microstudio with around 600 square feet. According to the website I pasted below, that would get you a 4 bedroom apartment in Indianapolis (which sounds about accurate, I'm currently spending less than that for a 1400 square foot 2 bedroom apartment on the east coast). In other words, it would be like if I moved to London and then declared the entirety of Europe (not just the UK because the US is around 96% the size of all of Europe[5]), and then declared that Europe just isn't for me because of how expensive it is in London, and how the culture is and... etc. Now, I'm not denying your experience and I believe you 100% having lived there myself. I also am not going to pretend picking up and moving across the country is something you can just do at a whim's notice. I'm only cautioning against extrapolating your experience on this single city to describe…