Image via newyorktimes.com
More evidence of falling rents in last Sunday's New York Times:
"Many people who signed leases in the bubble years are paying much more in rent than what their apartments would get today. So when their leases expire, some New Yorkers are trading up for better deals, finding comparable places for less money or nicer apartments that do not come with a big rent increase.
'No one's willing to pay more now, because there's always another deal next door or down the block,' said Georgia Kaporis, an associate broker at Citi Habitats. 'They're just upgrading for less.' "
To read the rest of the article, click here.
No comments:
Post a Comment