Rents in Manhattan up by less than inflation YOY

Silly me versus

http://www.bls.gov/ro2/cpinynj.htm

Interestingly again, rents in Upper Manhattan and BK went up by a lot more than Manhattan below Harlem. I guess you can only have such an extreme differential for so long before it narrows.

http://streeteasy.com/nyc/talk/discussion/15569-garbage-transfer-facility-on-upper-east-side?last_page=true

Interesting but according to this report: 2.9% yoy (July 2013 vs July 2012) reported increase compare to 1.7% stated by Elliman. That's a whopping 70% difference. How can Elliman be 70% lower than this company's report????

http://www.mns.com/manhattan_rental_market_report

"Where we are from 2012: Since July 2012, the overall rent in Manhattan has increased from $3,716 to $3,822 – creating an overall appreciation of 2.9%. With fluctuations in the July rental market, the Lower East Side and Upper West Side became the only two neighborhoods to yield a negative return from July 2012-July 2013. Harlem and TriBeCa have driven rental growth over the past year with 6.7% and 4.9% increase, respectively. Furthermore, Non-Doorman Studios (5.3%), Doorman Studios (4.4%), Non-Doorman 1 Bedroom (3.4%) and Doorman 2 Bedroom (3.2%) units have generated the largest yearly returns."

The Elliman report as flawed as it might be represents actual rents. the BLS is a survey asking people what they think their homes might rent for unfurnished. It's pure opinion.

Oww, crap, I just banged my head. Can someone get me a retard helmet?

No RS wrong wrong wrong. I was talking TOTAL NYC CPI.

dammit, why is the medicine cabinet open?

And the BLS does not calcute housing costs that way.

ughhh, stupid floss

Well sort of

dammit, toothbrush is now stuck

This is from the BLS:

The expenditure weight in the CPI market basket for Owners’ equivalent rent of
primary residence (OER)is based on the following question that the Consumer
Expenditure Survey asks of consumers who own their primary residence:
“If someone were to rent your home today, how much do you think it would rent for monthly, unfurnished and without utilities?”

http://www.bls.gov/cpi/cpifacnewrent.pdf

OMG, how did the Q-tips get there?

I said "Well sort of"

That's not my point. I was saying that OVERALL CPI in NYC ran ahead of YOY rent increases.

Why can't the kids stop leaving their toys on the stairs?

http://www.nydailynews.com/new-york/brooklyn/bogus-brooklyn-panhandler-pistol-whips-tourist-article-1.1427279