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Anecdotally, I know two professionals in their late twenties who used to live in New York City, but moved home to be with their family during quarantine. Their
by qchris 6y ago
Anecdotally, I know two professionals in their late twenties who used to live in New York City, but moved home to be with their family during quarantine. Their leases are up in September, and neither one seem likely to renew, since their jobs can be done remotely and their offices are planning on maintaining the status quo for the forseeable future, past the point when many people usually sign leases. I don't have data that this is a larger trend, but I don't see anything particularly unique about those two individual' s situations that would make a similar approach untenable or unappealing to many other people.
- gen220 6y agoWe're in a similar situation in our household. Our jobs are remote until (at least) 2021/1/1. Our lease is up in December, instead of June/July (unfortunately for us!). In our case, instead of moving away, we'd be pouncing on the way-below-baseline price, high-quality rentals that have been popping up for the last couple months. The market's totally inverted. It used to be that if deals like these appeared, they'd be snapped up within 48 hours or less. Nowadays, they linger for days and even weeks in some cases. To clarify, I've been tracking 1-2BR apartments in the Clinton Hill-Brooklyn Heights-Park Slope-Carrol Gardens quadrangle. I've heard that other neighborhoods are popping in the other direction, but I don't follow them as avidly. This crisis is terrible in many ways, but it's also a perfect opportunity to find your long-term rental "forever-apartment", if your lease is up.