{ "media_type": "text", "post_content": "With stock market and crypto being down, do you think the rent prices in NYC will be affected?", "post_id": "61ef070cfe6b000037b7470d", "reply_count": 26, "vote_count": 16, "bowl_id": "5aa3ebca6a56fa0013ec82de", "bowl_name": "New York City", "feed_type": "bowl" }

With stock market and crypto being down, do you think the rent prices in NYC will be affected?

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Unlike stonks, rent prices only go up.

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Lollllll

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A1, I was about to list other industries that pay better than tech. PE, HFT, big law, hell AlixPartners beats google pay for returning interns. Don’t forget that discounting F/G, some VC propped startup, Netflix and a few top tech companies, most 35 years old don’t end up making 500k in tech.

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The only way rent prices will go down is if there is a mass exodus out of the city.

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Your portfolio isn't part of the 40x income to rent calculation

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Also everyone is telling you you're the exception and not the rule in getting paid in stocks. Very few high earners say a substantial portion of their income comes from RSUs. Stop thinking the world revolves around Google.

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Speculation is not your forte OP

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What about if / when market turns positive again ? You OK with landlord raising your rent by 50% because the markets up ? Real estate owners have all kinds of fixed costs they need covered - cost of the building, debt service... those don't change just because the market is down over some shirt term Sone people have no concept of reality

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I think OP underestimates how many people A) work in fields other than tech. I’d say more than 80% of people living in fancy apts working in other sectors like law, banking, finance, consulting etc. B) are generally wealthy. Their job pales in comparison to what they are set to get as inheritance. I’m not talking about trust fund kids. I’m talking about people who don’t have to save for retirement and so they spend all their money on lifestyle.

Eventually, yes. Rent prices will drop if the economy collapses.

Additional Posts

Correct font and company!

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Not seeing any other posts!

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Posting from the top side.

Post with company

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Post for tests 2

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How great would office emojis be in this app?

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Beyond 2 lines the text in each post card is cut off. I wonder how many lines in the comment section?

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new test post

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MBA worth it? Currently a C, would be promoted to SC before leaving for school, come back as an SC

Considering taking September - December off of work for a sabbatical. Feeling the burnout after Covid, WFH 24x7 and demanding clients. 5 YoE in same consulting role. Goal of sabbatical would be to relax, up-skill in new areas (fintech) and then reapply in January 2022. Has anyone done something similar? Will employers be worried about the gap? TIA

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I find small talk in a professional setting excrutiatingly difficult, any suggestions on what would make it easier? I am ready to read a book if it would help.

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You know you're a consultant when you can go a week without opening your own fridge.

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Nothing shits on your weekend like a bad client status call at 5pm on a Friday

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Hahaha! It is times like these I wish I could post pics. The very pregnant terminal bar waitress just boarded the plane to track someone down who skipped out on a bar tab! #PHL

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