361
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Dec 2024
361 points (98.7% liked)
News
23655 readers
3358 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
I live in this area. We’ve always had an income/poverty problem. There has been an “extended stay” hotel problem for a long time. Ulster is a pretty poor county. The problem in the area is there’s very little industry that pays well. There was a big State Hospital that closed down several years back that lost jobs and pushed people with mental health issues into an already poor town’s strained social services network and guaranteeing a never ending struggle to lift the town out of poverty. IBM has a campus, but it’s steadily retracted over the last several decades. Iron Mountain is another tech business that has decent pay. There are several all inclusive resorts that cater to the wealthy ($400/night, nothing locals could afford to visit) that still pay standard service wages. The whole area survived on tourist money as the wealthy metro-area people had their second homes up in the Hudson Valley, would drive there on weekends or picturesque fall days for apple-picking, and then leave.
Then covid hit, they fled the boroughs, and bought all the available housing sending prices through the roof. Mediocre early 1900’s homes that what could be had for $200k now started at $350k and end up over $400k in same day bidding wars.
The Hudson Valley has been poor for decades. Known as a “rough area” in some cases, still is in towns like Newburgh despite the price hike in housing.
Everyone’s getting priced out, and there’s no commensurate increase in good-paying jobs to help the regular people. It also means any commute to the city takes 15-20% longer because RTO turned WFH people into commuters.
It’s shitty because there’s no benefit for locals.
Don't forget the $8k annual tax bill that goes along with that already unaffordable house. I grew up near the area and love to visit but it's a hard place to get by for what it is, if that makes sense
You’re not wrong. Like I said, very little good industry to make up for the CoL. I really despise how they do prop/school taxes every year. If you live south of 84 the taxes get outrageous quickly, it’s essentially a second mortgage. They’re cheaper further north…sorta, but again the big problem is that there’s no industry to tax, so the people pay it all. Closer to the metro they charge for the infrastructure and wages. No escape. I grew up in an area where taxes were cheaper and went into a slush fund and then paid out across the state, so a shared burden. Not like NY where they slap you with two big bills 2x/yr if you don’t have a mortgage. Should be monthly with autopay. F those big bills. I don’t care how long you live there, they’re still a shocker.
We were considering bidding on a 1918-build bungalow up the road here. Basement in need of re-arrangement, original electrical, pipes, ducting. So about 20% for retro on top of
C$1.51m
Our one bedroom condo has jumped from 350k to 650k assessed in under a decade. It is fucking insane.
And then there's the mortgage on a 1.51mil house And the tax Not just the initial "buy house + reno so it's an investment" wealth/security. Sure maybe you could save up the hundreds of thousands for a down payment
It's just insane and as far as I see the only laws that give real relief or protection are for existing homeowners so good luck n00bs
Damn.