Archive

Archive for the ‘Economy’ Category

The Sun is Shining, weather is sweet!

April 15, 2011 2 comments

Share

Blue Skies

This is a great image to head into the weekend with in our minds.

I love the spring and summer as it is a time of hope. There are many places one can think to live in NYC. the most in demand areas are Gramercy, Union Square, Chelsea and the Village. The blend of subway access, tons of restaurants and shops to discover, a hip crowd and the feeling of safety due to so many people constantly around enjoying the area gives a fresh feeling.

There are many tree lined and even some cobblestone streets in the West Village. New York is often thought of as a building of huge skyscrapers, but being in these areas gives a glimpse into New York’s past and a more warm and serene feeling amidst the hustle and bustle found in midtown.

The high demand and low supply of housing here makes for an interesting dynamic. The market rate rents are higher than most of the people looking can afford. The best “deals” are often still way higher than anywhere else in the city. People still will line up and often, if a place is solid enough in terms of location, quality and space, people get very creative in figuring out a way to secure it.

There is nothing better than the right location in this city. People travel as much as two hours each way to commute into Manhattan to earn a higher salary. There are things we all trade off on to live here. Some prefer to get a lower cost of living for better space and quality. While others pay premium for the best possible location and as a result, feel that the quality of life is improved.

While I can’t say which way is right for your particular situation, I can definitely find the best in either respect if you need to move. The sun is shining, let’s enjoy it!

Share

Advertisements

Down with OPC. Landlords rollback broker incentives. (via APTcetera…)

April 8, 2011 1 comment

Share

My colleage and compadre Peter Charles Bright is spot on with this post. It is a piece that I intended on publishing and he may have hit the nail on the head harder than I. Do take time to read this if you are considering renting in NYC this year. Timing is crucial!

Down with OPC.  Landlords rollback broker incentives. OPC how shall I phrase it… I guess I’ll frame by frame it… The O is for Owner and the P is for Paid (c) Commission… OPC or OP’s are the way you get a broker to work for “free” or “no cost” to you. For example on a 2k apartment, the owner jacks up your rent $1-200 and then uses this innocent increase as a marketing incentive, paying a month commission for brokers successful in introducing a renting client to their property. This 1 month comm … Read More

via APTcetera…

Share

%d bloggers like this: