Hacker News Reader

What is an average place that costs $5k a month in Paris? That sounds like way too much.

That sounds waaay too expensive. GDP per capita is 39K USD and 18% of the population lives in Paris. How would that work?

"Paris" is only the small place within the old walls. It's population is under 2M, most of them owners, with ownership lasting since before WWI, who could never afford to buy (or rent) now. Rest are suburbs and don't have Paris on it's address. And sure, rents there are a lot lot cheaper.

You continue to reply to defend your position that 5k euros is below average rent per month for Eastern European capitals in their most attractive locations. Do you actually have data?

It's such an extraordinary claim people are using Paris (not an Eastern European capital) as a counter example, but let's not move the goal post.

Just for the record, i agree that i was wrong, i checked prices, indeed they are about 2x smaller than i assumed (not in Paris but in East Europe capitals). Looks like i need to get out of my social bubble more frequently.

That doesn't affect my initial claim though: indeed, the quoted Manhattan rents in the original article include existing contracts, including decades-old regulated rental contracts, and do not represent average prices of new rentals signed now.

Reply on news.ycombinator.com