It definitely isn’t a renter’s market in New York City, or even a buyer’s market. Unless you are a Wall Street kingpin, a politician, or someone who inherited a lot of money, it’s becoming increasingly more difficult to live in The City That Never Sleeps.
If you’re a property owner, you’re loving life.
Just take a gander at these statistics from February:
– The median rent rose 4.1% from the previous year to $3,297.
– Landlords offered fewer incentives for the second straight month.
– New signings slipped for the fourth consecutive month as landlords got more people to stay.
– The vacancy rate fell from 2.29 percent to 1.84 percent.
So, where should you live? Soho and Tribeca are the most expensive with a median rent of $5,695. The cheapest neighborhood is Washington Heights with a median of $2,250.
Is it worth it? NYC is still one of the most beautiful cities in the world, yet it is infested with leftists who want to tax, spend, and control.
When Americans get sent to the concentration camps, will the Gestapo listen to their consciences or to the captains who sign their paychecks?