Open House Picks: Six Months Later
Comment: Hardly a seller’s market but at least deals are getting done. Open House Picks 8/21/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Hardly a seller’s market but at least deals are getting done.
Open House Picks 8/21/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
BHO:
When you refute cold hard facts and try to spin them you make yourself sound really desperate.
The point is that rents are up when you’ve been saying they’re down.
I don’t care about the rate of change.
RENTS ARE UP which proves most of what you say to be false.
BHO, you don’t even understand your own cut and paste.
When it says “rents on apartments and houses in New York City and the surrounding region rose at a slower pace in the past year than during any 12-month period since mid-1994.” that means rents ROSE. They went up. At a slower pace. But they still went up.
Is this really that hard to understand????
They “rose.”
That means “went up.”
Oh man! DIBS is cosigning 11217’s loose-cannon, retarded and false attempt to celebrate what isn’t, rising rents. I thought I seen it all today.
***Bid half off peak comps***
What about the rate of change, 11217? Is that up too? No! It’s down. Rent increases are slowing YOY.
From your article, I read THIS correctly…
“According to the latest official data on inflation, rents on apartments and houses in New York City and the surrounding region rose at a slower pace in the past year than during any 12-month period since mid-1994.”
Even the headline says ‘Recession Slows the Increase in Rents in the Region’
In fact, as documented here on brownstoner threads sourced from RE broker reports, rents have actually fallen on a monthly and quarterly basis over that year. YOY might just follow.
If you throw a ball up into the air and take a picture right after it starts coming down, IT’S ACTUALLY STILL UP! Quite a revelation, huh?
***Bid half off peak comps***
11217, don’t jumble their brains with facts.
NYTIMES
February 19, 2010
“Rents in the region rose just 0.1 percent in January and are up only 1.6 percent since January 2009, the federal Bureau of Labor Statistics reported Friday.”
Yes, you read that correctly, rents are UP in the last year.
Keep on keepin’ on.
DCB, every month’s rent you pay is flushing money down the toilet. If you are fairly certain that you’ll remain in a place for 3-5 years or more, BUY.
> When you are dead, money is less important.
That’s one wise pigeon!