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by thinkalone
5766 days ago
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Well, as your friendly neighborhood real estate agent: What do you feel is so "evil" about the NYC real estate market, aside from using it as a provoking headline? Apartment prices depend on the move-in date - an apartment may be rented at significantly less than its current market value if the tenant has been there for 10 years, while someone who just moved in to the identical floorplan will be paying quite a bit more. Comparing this smattering of prices is unhelpful, and is exactly why rental reports like the one linked above are based on average and median prices for apartments currently on the market or recently rented. |
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