Posted on 11/12/2020 1:36:27 PM PST by ConservativeStatement
New Yorkers are still fleeing the city during the COVID-19 crisis — with a record 16,000 apartments sitting empty despite some of the lowest rent prices in years, a new report has found.
The listing inventory in Manhattan peaked at 16,145 last month, more than three times higher than a year ago and a slight uptick from the 15,923 vacancies recorded in September, according to the Elliman Report. The staggering amount of vacancies is also the highest in 14 years.
(Excerpt) Read more at nypost.com ...
Keep them out of Red States.
Rent control apartments will become normal prices.
I would not put this past the evil of the liberal mind. Those who can afford to relocate do so to a warmer clime and help turn red states purple or even blue; meanwhile, there is a new wave of voters who are imported and live in government-run facilities who vote blue.
The new lockdown will help.
Always wanted to live there for a year. This may not be the opportunity.
Exactly.
Specially my Texas!!
Like cockroaches spreading out from the nest.
I wouldn’t get too excited. Median rents are still $3,000 a month. When they get to $1,000, that’s a signal that Manhattan is just like any other big American city. But it’s a long way down from $3,000 to $1,000.
$2,700 a month average rent for a 1 bedroom apartment in Brooklyn. My how things have changed. Growing up, in the 1940s and 50s, we lived in a one bedroom apartment in the North Bronx. My parents were paying $55 per month. In 1957 we moved to a three bedroom apartment in Mt. Vernon where they paid $135 a month. Both apartments were in very nice neighborhoods and within one block of beautiful parks. Now, 60 years later, those same apartment buildings remain standing as do the vast majority of apartment buildings from that time. The same apartment buildings, only much older, with staggering rental rates. No wonder people are leaving NYC and NYS with two absolute madmen egomaniacs running herd on the population. New York, New York, the name so nice they say it twice. Sadly, those days appear to be gone forever.
PDJT doesn’t care about this. He’ll make it up in the other cities.
Right? A friend of mine is ecstatic that his 3 Br/2 Ba. apartment rent dropped to $4200/month.
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