From the category archives:

Renters

2012 in NYC real estate: The year of “eh” with pockets of “wow”

by Honeycrisp January 24, 2012

Interest rates will hit their historical lows in mid-2012:  Yes, the interest rates have been lower for longer than anyone had expected.  When is the bottom going to come?  We’re calling it for mid-2012.  We anticipate that the first half of the year will be dominated by worries of Europe’s and the Euro’s fate, increased [...]

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“Renters’ delight! Concessions galore!”

by Red Delicious January 3, 2012

Boy is it a renter’s market!  What’s not to like about 2-3 months of free rent in condo like properties, and for no fee? You don’t say! … Oh wait, that’s right: that was 2 years ago! Today’s market is a far reach from the bounties that were offered during those golden days.  It’s also [...]

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Our 3rd Annual New York Real Estate Jingle: the 2011 edition

by Honeycrisp December 22, 2011

T’was the night before new years’, and for the third year in a row New Yorkers relaxed with a glass of Bordeaux. ‘not that real estate blossomed or soared to new highs Nor that our dear economy was back on the rise. No, this complex and sweet oenological treat Comes from having merely avoided defeat. [...]

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Whether bull or bear, are you prepared accordingly?

by Honeycrisp December 14, 2011

It’s hard to tell nowadays which end is up.  One day we’re headed towards economic Armageddon and the next day we hear of steady growth and inflation threats. It’s enough to give you whiplash, to be sure.  Instead of becoming one of the many prognosticators of what’s to come, we’d rather help you think out [...]

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A MasterCard Moment for all you renters out there

by Honeycrisp November 28, 2011

So now you’re probably thoroughly depressed after understanding the state of the rental market today.  And yet there’s always a reason to be thankful, turkey or not.  And here is that reason: if there’s any price negotiation to be had, it’s during the holiday season when no other renters want to move.  This is the [...]

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When landlords go for the bling bling: upgrades come with up-prices

by Empire November 8, 2011

Not so long ago, we declared the extinction of the mom-and-pop landlord.  We did so based on the luxuryification of rental buildings (think condo-quality “Class A” rental inventory) and the high cost of maintaining them competitively.  What we’re now seeing is a swath of “Class B” rental buildings looking to leverage this strong rental market.  [...]

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Buying as a lesson in financial discipline for your children

by McIntosh August 16, 2011

If you’re a parent paying your child’s rent, pay close attention to this post.  (If you’re that child, read carefully as well and pass it on to your parents.)  The NYT recently ran an article on an increase in the number of parents buying for their children.  Normally we would speak about this to sellers, [...]

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Vent of the day: blind apartments!

by Honeycrisp July 25, 2011

We rarely vent here at TAP, but one too many of these have crossed our path as of late: blind apartments.  What do we mean?  Apartments exclusively listed by a broker with no photos or floor-plan attached.  You may recall our having written about why sometimes the best apartments come with no photos.  The apartments [...]

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The last bastion of rental value: co-ops

by Red Delicious June 1, 2011

With the rental market the tightest it’s been in years, and with prices set for some real increases this summer, you may be scratching your head as to where you can get some real value.  The answer may well be co-ops.  With the advent of ultra-luxury rental towers and the proliferation of condo rentals, it [...]

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Where in Manhattan it pays most to upsize your rental apartment

by Empire May 24, 2011

Many people have and are continuing to provide information on market rents, sliced and diced by neighborhood and size.  The typical narrative says: “rents increased most in this neighborhood by x percent, and increased least in y category of apartments.” That’s nice.  However what we’ve never seen is a relative comparison of what one needs [...]

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