4 ms·
This doesn't answer how you got the apartment, which is invariably either luck, knowing someone, or having rich parents (in which case you can buy one of those
by ethanbond 3y ago
This doesn't answer how you got the apartment, which is invariably either luck, knowing someone, or having rich parents (in which case you can buy one of those income-controlled units that make zero sense for anyone except a nepo-baby -- e.g. need to earn <$30k as a household, but have $250k for a downpayment).
I also had a time in a rent-stabilized apartment in NYC (East Village, probably not far from yours) and the answer of how I got it: luck. It happened to be available when I was looking and I happened to beat everyone else to the seller's agent by physically sprinting with my deposit check in hand.
- misiti3780 3y agoread the last paragraph ...
- ayewo 3y agoI also thought you didn’t answer the question but after re-reading it sounds like you first started living in the apartment by subleasing from another tenant. Then once another apartment became vacant, because you already lived there you were able to regularize your presence by terminating your sublease so you could lease directly?
- misiti3780 3y agoyes, so it was mostly luck. but again, it was 225 square feet. I suspect most people wouldnt want to live in that small of a space for 8 years!
- ethanbond 3y agoAh, apologies! I got the "subleasing" directionality wrong. I thought you were describing how you kept the apartment (via subletting to someone else)
- misiti3780 3y agoNP!
- bsdpufferfish 3y agoYou're exactly right. The alternative to a market is usually corruption. My local university offers housing for grad students. At least 50% is unoccupied at any time because there is no pressure for them to fill units. That would just be more work. So getting one is tricks and favors.