Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I was looking on Street Easy lately and noticed that the listing prices of many rental properties are lower than a year ago based on the listing history info given. For example:
Currently Listed at $3,900
303 days on market in StreetEasy 05/08/2013 About 10 months ago Listed by Nancy Packes Inc $5,900
09/10/2013 About 4 months later Price decreased by 12% ↓ $5,200 09/21/2013 11 days later Price decreased by 8% ↓ $4,800
11/04/2013 About 1 month later Price decreased by 15% ↓ $4,100
01/24/2014 About 2 months later Price decreased by 8% ↓ $3,785
02/28/2014 About 5 weeks later Price increased by 3% ↑ $3,900
Of course Midwestern45! And in other news by the insane and fear mongerers:
Obama, the kenyan socialist marxist fascist, has designated 2014 as "the year of black revenge."
DeBlasio proposing to confiscate all luxury homes and convert them to shelters.
New law under DeBlasio aims to increase minimum wage to $75 per hour to bankrupt businesses.
DeBlasio mandating 25% of white income to go to blacks.
Instead of worrying about another state's Mayor, you should worry about the rampant corruption in Hudson county, and the latest scandal with Governor Chris Christie. That should keep you busy for a decade or so...now scram.
That's good, I think NYC should have areas designed for all types of incomes. Not just rich. It also makes the cities reputation for diversity so much better.
Probably tanked in november after business leaders & real estate found out that de blasio is here to stay
Rent prices have nothing to do with who the mayor is. It has do with market demand.
With that said, rent prices often go down during bad winters as people tend not to do as much during a bad winter. Nationally retail sales are down and retailers have had to cut prices to get rid of stuff that didn't sell. Any current decline in NYC is no more de Blasio's fault that the national retail decline, which was caused at least in part because of the weather.
The Fed gave a whiff of slowing the monthly waterfall of stimulus money into banks. This strengthened the dollar and weakened the prices of overinflated assets a little bit...apparently including new rents.
(OLD rents never go down because landlords know they have you by the short curlies.)
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
