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Me. Don’t want to waste money on rent and I feel like I can find a cheaper apartment than the one I’m currently. Rent prices seem to be dropping everyday.
If I wasn’t rent stabilized, I would temporarily move somewhere much cheaper in a heartbeat. What’s the point of paying NY prices if you don’t get what you’re paying for, which is proximity to stuff that isn’t even open, and proximity to people you aren’t even allowed to be near.
Me!!!!! Who knows when NYC will be back to normal...
It was normal once?
We relocated (2 small kids) but will come back right before our lease ends to move to a cheaper neighborhood. Hopefully prices will drop by then.
Me
I never left. Real estate runs city hall those prices won’t go down much. This city is dominated by real estate interests and they will all get taken care of first.
There is way too much inventory at the silly end of prices and way too little affordable. Coronavirus won’t change that. They just fridge the big units until some Russian mobster needs to hide assets so that Putin can’t steal them back, he buys a 9 million dollar condo in a matchstick building and uses it as a bank account the government can’t seize. This the the purpose of the upper end of the market - solid investments for the kleptocracy set. Why do you think so many Russian billionaires own sports teams? You can’t repossess them extrajudicially.
Actual living in New York people are not considered first. The big money always gets pole position