Wow! The time-honored tradition of fleecing newcomers to the city has been ended. Broker fees are particularly awful to new arrivals, who probably are probably

Wow! The time-honored tradition of fleecing newcomers to the city has been ended. Broker fees are particularly awful to new arrivals, who probably are probably going to have short tenure at their first couple apartments. A fee is more forgivable if you can amortize it over several years. There are some risks of how it may distort the market if fees are internalized into market rents, but I think it's worth the risk for eliminating the huge barrier to tenancy created by the lump sum broker payment to get a place, on top of first month rent and security.