rant · moment 3 of 28
New York's $4,450 One-Bedroom and the Foreign Buyer Numbers
from Lame Duck Donald & The Immigration Nation | The Tim Dillon Show #470 · #470
4 min
He digs into New York City real estate affordability stats, average condo and rent prices, and how AI search downplays the percentage of property owned by foreign nationals.
- Average one-bedroom rent in New York City is around $4,450 a month.
- Tim explains why a one-bedroom apartment isn't livable for guests or families.
- Tim wants to know what percentage of New York real estate is owned by foreign nationals.
- Foreign buyers account for about 7% of residential purchases but 27% of real estate value.
- Tim argues the numbers don't capture shell corporations hiding actual foreign ownership.
- New York City has become a vertical money laundering scheme, which explains unaffordability.
- Real estate in New York is used to launder money from drug smuggling, arms trafficking, and human trafficking.
New York Cityreal estate market affordability in New YorkManhattan