Posts Tagged 'NY Times'

Rental Q&A via the NY Times

“The Rights of Condo Renters”

“Common Charges and Tenants”

“Retirees See the Value in Rentals” via the NY Times

I love this article that appeared in last weekend’s NY Times Real Estate section. Although it covers New Jersey, the discussion of retirees chosing to rent rather than own hits many of the points I try to highlight on this blog–namely, the burdens that can sometimes accompany the responsibilities of homeownership. Home-ownership is less attractive to older adults seeking lower taxes  (which are paid by their landlords); freedom from home maintenance chores such as gardening and snow-shovelling, not to mention that all the bad publicity about mortgaes and the housing crisis has been making being a renter more appealing.

A New Kind of SRO

“Single Room Occupancy” and “Rooming House” are NY code for the down and out, the unhousable. Although it is fairly common in Europe to share kitchens and bathrooms with strangers in rental accommodations, the practice has fallen out of fashion in New York City since the second half of the twentieth century. According to this NY Times article, shared kitchens and baths are more common among the city’s young and creative than you might have thought.

Often easier than dealing with strangers as actual roommates–with all the financial pitfalls that entails, people are more than willing to share public areas with people they don’t really know in order to save several hundred dollars a month. The article is quick to point out that some of these arrangements may be operating in a gray area of the law. I was reminded of this Times article from 2006, “Out of College but Now Living in Urban Dorms” about a woman who opened an urban dormitory for post-college young professional adults in Harlem, also an interesting read.

NY Times Reports on Downturn of the Luxury Rental Market

Already being covered on NYCrentopia (here, here and here), the luxury rental market has been hit hard by the economic downturn. This may be good news for renters as you can expect lower prices for better apartments and various landlord incentives such as free rent and more landlords paying all or part of the broker’s fee. If you’re looking for an affordable luxury rental, get in touch with me and I can help you out for free now. All my contact info is on the sidebar to your right. If you want to watch the NY Times video, click HERE .

Rental Q&A via the NY Times

“When it’s permissabile to break a lease”

“The rights of roommates”

Rental Q&A via the NY Times

A late fee imposed outside the lease.”

A condo’s fitness room is for owners only.”

Rental Q&A Courtesy of the NY Times

“Ever higher security deposits?”

“When a tenant laves before a lease ends…”


About Me

Michelle Erfer is a licensed Real Estate Salesperson in New York City.
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