Urban Digs Responds to NY Times Article on Luxury Rentals

I’ve always loved reading the posts over at Urban Digs. They are interesting, current and it makes me feel smart when I understand what they’re talking about–economics, mostly. So I was excited to read Christine Toes’ analysis of last weekend’s NY Times article on luxury rental buildings offering incentives to renters (which I myself posted about). Toes writes from the perspective of brokers who are also being offered incentives to fill luxury rental apartments with tenants: owners are paying commissions, offering bonuses, giving out gift cards to brokers who find them tenants. Ultimately, Toes claims that the best thing for landlords to do in what many are now acknowledging to be a slow and softening rental market is to lower rents, or at least stop raising them. Read the full article here.


1 Response to “Urban Digs Responds to NY Times Article on Luxury Rentals”

  1. 1 NY Times Reports on Downturn of the Luxury Rental Market « NYC Rentopia Trackback on November 21, 2008 at 3:46 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

About Me

Michelle Erfer is a licensed Real Estate Salesperson in New York City.
» About this blog
» See my latest listings
» Email me: merfer@citi-habitats.com

%d bloggers like this: