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We'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 f
by gen220 6y ago
We'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.