Moving to NY amid COVID? Lower rent?
For anyone who’s moving to NYC for FT, when are you planning on moving in? Just worried that if I move in August that I might still be WFH for several months after, in which case I’ll have wasted several months rent
also anyone have know if rent should be cheaper now? we should have more negotiating power given the pandemic no?
From what I've seen, rent prices have barely moved (maybe slightly down). Nowhere near the price drop I was expecting. It seems as if these landlords and real estate companies are banking on a V-shaped recovery which just isn't going to happen unless a vaccine is mass-produced by the Fall. Will they be smart and slash prices to better protect themselves against tenants who may default? Probably not. I would hold out on finalizing any housing plans until your bank specifically tells you to. We might WFH through the winter if we see a 2nd wave. If not, you'll at least save a few thousand dollars on rent.
Look into subleasing for the time being.
Its may be hassle later on to move but ppl that are out of nyc Are desperate to find someone that can cover 70-80% of rent you could find cheap places giving 10-20% (if not more) for a couple of months + it gives you the optionality
Hearing rumors that wfh could last until December or January
Even in normal times, a lot of the availability comes on late, ie you often have people wanting to find a place 2 months in advance but unable to get good selection until a month before move in. So there’s not a lot of risk to waiting and seeing what plays out re WFH
At the minimum you should be able to get a concession of 1 month free on a 12 or 13 month least. We were able to get 1.5 on a 13 month renewal. Looks like we might just not renew though.
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