Penn South 2019 (Hope: design, supermarket, grocery)
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Hi all,
I thought I'd share a little factoid for the other 2-bedroom obsessives out there. I've been keeping tabs on my number and its movement for many years so I decided to try to use past list movement to predict future movement. Using my records and a calculator, I've figured out that on average (since 2016--before that there was an enormous jump because they changed the whole tracking system) I have found my number has moved 18-19 spots per year.
This movement information, combined with our new knowledge from mkny14 that we need to get quite close to number 1 on the list to be offered a 2-bedroom, could help you calculate the approximate year you might move in. Now, could there be all kinds of mitigating factors such as internal list candidates, pandemics, and more? Absolutely yes. But I'm choosing optimism and hoping this 18-19 spots per year thing might hold, and that mkny14 might get their long-awaited apartment offer any week now.
Happy waiting, all!
I admire your research! It's very helpful and puts a realistic spin on what is usually a guessing game.
I want to add that as a list ages, it tends to move more quickly. People's lives change, and the longer they're on a particular list, the more likely it is that they have moved out of the area, died, found other housing, had their family composition change, no longer qualify, etc.
So, if that holds true in this case, I hope you guys are pleasantly surprised by getting an offer sooner than you expect!
Another factoid I picked up was that a few years ago, it was said that about 70 one-bedrooms become vacant per year at PS. Comparing that to Molly's calculation of 18-19 spots per year for the two-bedroom units shows why that list moves at glacier speed!
Last edited by macnyc2003; 05-17-2023 at 08:46 AM..
According to the PS website, there are 1371 one-bedrooms and 864 two-bedrooms, the latter being 63% as many. Yet based on the above posts, the annual turnover is approx. 70 to 19 or 27% as many 2 bedrooms. Quite a disparity between those two sets of numbers. Is it because the internal list is more of a factor for 2-bedrooms?
What will really blow my whole timeline to smithereens is if mkny14 continues to NOT be offered an apartment. Like what if you need to not only get close to number 1 on the list but then ALSO wait years on end in that position? Anyway here's hoping that doesn't happen. I'd really like to be in Penn South around the ten-year mark of being on this list
I suspect a lot of one-bedroom folks get married and have kids and then take half of the available 2-bedrooms. Just a theory!
Interesting you should say that because that's exactly what happened to the only couple I know who live in Penn South. They are the daughter and son-in-law of friends of ours and were young marrieds who got a one-bedroom. They had a child, a boy, the first year they were there. Instead of having to wait 3 years to get on the internal list for a 2-bedroom, they only had to finish out the year to get on the list. Within a year from that point they got their 2-bedroom! Now they are having a second child and they know it will be a girl. They inquired about a 3-bedroom and were told the wait would probably be 4-5 years.
Penn South Federal Credit Union, Homeownership Lending, and ABE Federal Credit Union, which is the best to borrow a loan to buy an apartment?
Interest Rates: Look for a lender that offers competitive interest rates. A lower rate can save you a significant amount of money over the life of the loan.
Fees: Understand all the fees associated with the loan, including origination fees, appraisal fees, and closing costs. Some lenders may offer lower interest rates but charge higher fees.
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Loan Terms: Look at the repayment period (e.g., 15-year, 30-year), whether the interest rate is fixed or adjustable, and if the loan has any features like a pre-payment penalty. I want to pay it off within 3 years.
Financial Stability: Choose a lender with a strong financial background and a good reputation in the industry.
Last edited by King'sReturn; 05-19-2023 at 05:09 PM..
Hi all,
I thought I'd share a little factoid for the other 2-bedroom obsessives out there. I've been keeping tabs on my number and its movement for many years so I decided to try to use past list movement to predict future movement. Using my records and a calculator, I've figured out that on average (since 2016--before that there was an enormous jump because they changed the whole tracking system) I have found my number has moved 18-19 spots per year.
This movement information, combined with our new knowledge from mkny14 that we need to get quite close to number 1 on the list to be offered a 2-bedroom, could help you calculate the approximate year you might move in. Now, could there be all kinds of mitigating factors such as internal list candidates, pandemics, and more? Absolutely yes. But I'm choosing optimism and hoping this 18-19 spots per year thing might hold, and that mkny14 might get their long-awaited apartment offer any week now.
Happy waiting, all!
Haven't heard anything yet. But...I was thinking...I was offered an apartment last year which I turned down. So, that means the 2 people on the external list that are ahead of me also had to have turned it down. So...if they turn this one down, they're off the list.
Haven't heard anything yet. But...I was thinking...I was offered an apartment last year which I turned down. So, that means the 2 people on the external list that are ahead of me also had to have turned it down. So...if they turn this one down, they're off the list.
I'll keep you posted.
Thanks for being so wonderfully generous to share the process with us! I am curious what number you were when you were first offered an apartment last year?
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Quote:
Originally Posted by mkny14
Haven't heard anything yet. But...I was thinking...I was offered an apartment last year which I turned down. So, that means the 2 people on the external list that are ahead of me also had to have turned it down. So...if they turn this one down, they're off the list.
I'll keep you posted.
Not sure here but those two households might have taken an option to go on ’hold’ as a way to turn it down. If that is allowed and is so then they are only temporary off of the list.
Hi everybody! So grateful this space exists, we have been obsessively reading all the posts and going CRAZY in anticipation!
I was wondering if anyone had any insight to the applicants at the VERY TOP of the 2019 1-bedroom external list [specifically the ones from 1998, 2003 and 2014]? How is it possible that these applicants are still active? I'm only asking because we are really high up on the list and I'm wondering if these people are even actively competing for units like the rest of us? Any info would be sooo appreciated, the anxiety is overwhelming!! Help!! AAHHHH
Last edited by bosco_; 05-29-2023 at 12:58 PM..
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2019 1-br. waiting list insight?
