Re:Investors bought a quarter of US homes sold last year
by mancerayder on Tuesday August 23, 2022 @03:18PM
(#32569927)
Just to hammer home the point: NYC has rent stabilization, which applies to about 50 percent of the rental stock. The rent can't go up more than a certain amount, one must renew with the tenant with few exceptions, etc. Now, not surprisingly these units are offered by real estate brokers who demand steep fees, and guess who gets first dibs, but brokers and their friends/families.
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Re:Investors bought a quarter of US homes sold last year
by standardUser on Tuesday August 23, 2022 @03:34PM
(#32570221)
Most rentals in NYC no longer work with brokers, especially in the low-to-middle range.
Re:Investors bought a quarter of US homes sold last year
by mancerayder on Tuesday August 23, 2022 @09:20PM
(#32573892)
On what basis do you say that?
The Fee rentals have all returned when the laws banning them were re-interpreted.
When you say low to middle range, do you include rent-stabilized units in moderate to hot neighborhoods?
Re:Investors bought a quarter of US homes sold last year
by standardUser on Wednesday August 24, 2022 @02:54PM
(#32584067)
On the basis of living in Manhattan and knowing a ton of people who have moved places over the last few years, including myself. Also, just go look at StreetEasy.