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In Paris, it's about 20 euros per square meter per month.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Jul 8th, 2008 at 04:20:39 PM EST
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The per sqm cost varies widely by neighbourhood and quality of the apartment. In my Brooklyn area it's a lot cheaper than that. Based on a mental calculation we're talking very roughly around $20-$25/sqm/mo. That's on the expensive side for Brooklyn but definitely not the most expensive. By Manhattan below Harlem standards that's very cheap - there you pay about double that, again with considerable variability.

By comparison what would rents be like in a nice but relatively poor but gentrifying and very non-white outer arondissement?

by MarekNYC on Tue Jul 8th, 2008 at 04:28:09 PM EST
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NB rents are still going up in NYC. The purchase market is soft but fairly stable price wise - the high end is going up, the low end in Manhattan is flat, the gentrified/gentrifying Brooklyn areas are slightly down. Rents are the reverse of that - the high end is very soft, the rest is great for the landlords.
by MarekNYC on Tue Jul 8th, 2008 at 04:32:36 PM EST
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there's surprisingly little variation for rent within Paris -except for smaller surfaces which are usually more expensive (it's almost impossible to find anything below 600 euros per month in Paris intra-muros).

Then the real discrimating factor is that owners ask for income equal to at least 4-6 times rent to let you in (plus, of course, 2-month rent as a guarantee, which you know you'll have trouble getting back)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Jul 8th, 2008 at 04:41:24 PM EST
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In NYC it's 40-50 times the monthly rent, gross income.
by MarekNYC on Tue Jul 8th, 2008 at 04:46:22 PM EST
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He's talking per/month you're talking per/year

In San Francisco it's typically 3 times monthly required but that's just so they don't throw your application away immediately.  The best credit score, employer, wage and fastest checkbook typically take the space.

by paving on Tue Jul 8th, 2008 at 08:34:15 PM EST
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Actually, the non-Manhattan boroughs are roughly the equivalent of the "petite Couronne" départements. But even there, the drop off isn't that big - the wealthier Hauts-De-Seines have rents that are similar to Paris, and the poorer but gentrifying parts of Seine-Saint-Denis have only slightly lower rents.

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Wed Jul 9th, 2008 at 04:52:40 AM EST
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