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?

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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.

 

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