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Nope. I constantly review inventory. We are looking to buy 2 more properties by next year. I am constantly sent rent stabilized listings. No one wants them and they are at bargain bin prices
Nope. I constantly review inventory. We are looking to buy 2 more properties by next year. I am constantly sent rent stabilized listings. No one wants them and they are at bargain bin prices
On UES they're emptying out buildings left and right (at least on avenues and major cross streets), and that includes RS tenants. People take the buy out offer and make tracks. That and in many cases landlords were planning on something so when people moved out (or died) units were left vacant.
Outside of Manhattan and few areas of Brooklyn and Queens RS isn't worth much. Legal rent is more than LLs can usually get for area, so that's that.
I'll say something else (again), sooner or later RS rents are going to start going up. Eegit BdeB is gone after end of December, and so will his interference with rents.
Historically (before Sam the Eagle came along) increases averaged 2% for one year and 4% for two. Those were on low end, some years things were higher, much higher.
For each 1000 in rent a 2% increase comes to just $20 month. That's not big money and people need to make up their minds it's coming.....
While the building we are in is not for sale , there are more apartments available then we ever saw
Rich New Yorkers are leaving according to HGTV pundits <don't laugh...with this pandemic, I am forced to watch a LOT of TV.>
Prices are being slashed on top flight housing.
Perhaps that will have some cooling effect on the present rampant inflation.
But the thousands in rent IS big money, to many of us anyway.
"that's not big money". Who ever decreed that landlords are entitled to "big money?"
Buy your own home then won't have to be bothered by landlords. Problem solved.
Otherwise asking rent is what it is (or should be).
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