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Even NYC makes no sense at all. A lot of properties have been sitting empty for many years asking for ridiculous rent/leases which nobody is willing to pay. But
by aeyes 5y ago
Even NYC makes no sense at all. A lot of properties have been sitting empty for many years asking for ridiculous rent/leases which nobody is willing to pay.
But instead of lowering the asking price, the owners just leave them sitting empty. It's like they aren't even trying to rent them out anymore because they make more money waiting for the value to go up.
The market is not working.
- ngngngng 5y agoI was recently looking at apartments in NYC since I've always wanted to live there for a year or two at least. One of the things that shocked me was how many had $5000+ monthly fees on top of the rent. Basic apartments would have reasonable rent and become completely impossible to afford with the extra fees.