Show HN: An interactive dashboard to explore NYC rentals data
70 points| giulioco | 7 months ago |leaseswap.nyc
you can filter by neighborhoods, bedrooms, original source where the rentals were posted, and select a timeframe.
this is still a work in progress, so apologies in advance for any issues you encounter. I would love any feedback on how to improve it and/or what other visualizations i should add. known issues include:
- some neighborhoods like Prospect Park will also automatically select other, unrelated, neighborhoods when selected
- sometimes even when you filter by 1BR it will also include some 2BR
- some units might have been listed on multiple platforms, effectively counting as duplicates
rprend|7 months ago
For example- my current apartment had a crazy high lease concession. The paper rent is 30% higher than what I pay. The only inconvenience is that i had to pay a security deposit at the paper rent, not actual rent. It’s like a software business giving 2 months free then multiplying MRR by 12, not taking churn into account. I am moving out after a year.
colechristensen|7 months ago
underlipton|7 months ago
Eawrig05|7 months ago
jeffbee|7 months ago
cuuupid|7 months ago
The average for the last month is is $5,738
This is a 25%+ increase, let's say around 10% of that can be accounted for via seasonal increases.
The almost certain incoming mayor has pushed for rent stabilization/control/freeze. Let's assume this restricts increases to 10% Y/Y similar to cities like Seattle, this would cause at least a 5% recessionary pressure for housing suppliers.
The big question - is the increase due to greed among the supply (i.e. this pressure is good for the market), due to existing market pressures (i.e. this pressure may cause a wider recession in the housing market), or due to a bubble (i.e. this pressure may pop it, for better or worse)?
screye|7 months ago
NYC has negligible vacancy rates and airbnbs are already illegal. Sounds like a supply problem. The supply problem gets clearer when you realize how quickly the jersey side has grown. It's because NYC has no supply.
I have no proof for this, but lots of influencer types, nepo babies and people with remote jobs moved to NY during covid and didn't leave. NY Metro population never saw a covid dip, has been steadily growing and RTO mandates are probably causing suburbanites to consider moving back into the city. We are seeing price increases from a repressed real estate market that's finally making bank from the supply crunch.
Compare NYC metro area to SF metro area. NYC saw smaller covid drop, larger subsequent pct growth and a much much larger absolute growth rate. Rent control won't fix anything. They need to start approving market-rate housing at a mad rate. Austin is a great reference.
[1] https://www.macrotrends.net/global-metrics/cities/23083/new-...
[2] https://www.macrotrends.net/global-metrics/cities/23130/san-...
hshdhdhj4444|7 months ago
Mamdani’s stated policy is to set the y/y increase in rent for already stabilized apartments to 0% as opposed to the 3% average over the past 4 years. And in recent interviews he also has clarified he’s only promising it for the first year to counteract historically high rent increases over the past few years and subsequent years will be addressed like they always are, based on an analysis of the rental market.
Btw, the rent freeze was done at least 3 times in the 2010s with a 0% increase y/y, so this is not even new policy.
personjerry|7 months ago
Summer inflation is much more than that
codingwagie|7 months ago
adi_hn07|7 months ago
Awesome web app overall, would love to have leaseswap on https://superlaun.ch !!
mbStavola|7 months ago
solumos|7 months ago
Also, there's no data for Crown Heights North.
oltmang|7 months ago
msukkarieh|7 months ago
chimeracoder|7 months ago
The West Village is one of the most expensive neighborhoods in the country. In around 2010, it was the most expensive zip code in the country.
That's due to a combination of: old buildings, very little new construction, extremely gentrified neighborhood, and NYU eating up all of the real estate in the neighborhood.
That said, the map is slightly mislabeled: what's labeled as the West Village is actually Greenwich Village, and the West Village is a subset of that. This map labels places as far east as Astor Place as the West Village, which is not correct.
jeffbee|7 months ago
VWWHFSfQ|7 months ago
NYU's on-campus enrollment is also roughly 50% foreign students. I don't have any data about it, but just from experience I've suspected that foreign students are willing and able to pay higher prices for housing.
screye|7 months ago
Walk a few minutes north from there, and you'll reach hell's kitchen. Much much cheaper.
reactordev|7 months ago
(no correlation with the show, just ironic)
asdev|7 months ago
kevin11111|7 months ago
AvAn12|7 months ago
suncemoje|7 months ago
cyberax|7 months ago
Just build more. Sure.