Quote:
Originally Posted by Geneman
NYC is a nightmare to start out in. my daughter has been looking for similar apt.. village or chelsea area , for last 3 months now. You need a broker as these apts go immediately. the ones that acutially do get online before being taken usually have 20 people lined up to see. you need to be able to make a commitment site unseen. fees and up front commitmemts are outrageous. 2mos rent to broker, 2 mos security dep, then first 2 mos rent up front. cost is 12-15 k just to get into the thing. if you are first time renter or young, parent or guradian must fill out huge paperwork, show income, and have 1 year of rent in bank acct. to show, then gurantee the rent.
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Nothing is worth that. How does the place exist? Old customers of mine (not old people) moved to Manhattan because he was on track to become a wig at a big brokerage. They spent 8 years there, private schools, remodeled, I assume a condo in a BIG building, and finally got the 'promotion' to come back to CA (Long Beach) where the kids can go to public school. They kept their house here renting it out for good money while gone. Good thing because the house is now over 2 mil in value.
The only downside is that (before COVID anyway) he had to commute to downtown L.A. He's an analyst, not a broker per se, but I'm sure he was able to hit the office at 5:30 am like the market boys do. If they are lucky, they can try and beat the traffic home, otherwise about an hour to 1:15 to go 30 miles.
He rode the subway in NYC. Just a huge difference in lifestyle.
There was one more thing he told me: when I did work for them they felt things went pretty well. In NYC the contractors were a nightmare according to him. He wished I was there. Well, that wasn't gonna happen. I've worked in San Francisco and that was enough! Years ago so I have no idea how people get things done when there is no parking and no space to even drop off lumber.
As far back as that was, I was told that if I got a dumpster in SF to fill it in one day or it will be full by the time I got back to the job the next day. True.