Nearly half of the total rentable apartments in New York City are rent stabilized, which means what it sounds like. Mayor Bill de Blasio, who appointed six of the nine people currently on the board that approves rent increases for these not-quite-a-million rent-stabilized apartments, believed that rents for one-year leases should be frozen this year. Because like, the rent is too damn high and everyone is moving to Ridgewood, since I mean look at these numbers and then these numbers or just about any numbers covering rent and the economy over the last five years.
Neither the fact that de Blasio vocally advocated for a [...]
"Most of my buyers are averaging four offers before they have one accepted," my new real estate agent in the Bay Area said yesterday. "It can be an emotional and stressful time."
Probably! And especially if you're moving from a still-depressed housing market, which is roughly the area between the Eastern Seaboard and San Francisco. But, as NPR is reporting as I type these words, the American housing market (in the coastal elite cities) is "fast changing." From causing the collapse of the Earth's economy just five years ago to a breezy NPR feature about an insane couple putting in offers at 2 a.m. after driving by a new [...]
"The average rent in Los Angeles County fell almost 4% in 2008 as apartment occupancy rates dropped and new units came online. The decline should continue this year as more renters lose their jobs."