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Landlords Lowering Rents To Keep Tenants

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Posted: 08-10-09 01:14 PM

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Read More: New York, New York Apartment Prices, New York Apartment Rents, New York Apartments, New York Rent, Rent Decreases, Rent Reduction, New York News
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New York Times:

SPRING and summer are usually busy seasons for the New York City rental market. And after an extraordinarily slow winter, deals have picked up.

The true lifeblood of the rental market, however, isn't warm weather. It's jobs. And those are projected to be scarce for some time. So as owners cast a wary eye toward fall, some are taking action to stave off vacancies.

Read the whole story: New York Times

SPRING and summer are usually busy seasons for the New York City rental market. And after an extraordinarily slow winter, deals have picked up. The true lifeblood of the rental market, however, isn't...
SPRING and summer are usually busy seasons for the New York City rental market. And after an extraordinarily slow winter, deals have picked up. The true lifeblood of the rental market, however, isn't...
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- LLNYRN I'm a Fan of LLNYRN 2 fans permalink

Oh please.

Cutting rents for who?
Yuppies like the girl in the photo?
Give Me A Break!

Working-class, diverse folks make this city work.
And can't even live in it.
When rents are cut to an affordable level in which these people can live close to their jobs,
Then I'll believe it.

    Favorite    Flag as abusive Posted 11:27 AM on 08/11/2009
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