
Rent in NYC
NYTimes reported a drop in home ownership. Not only that, but the rental prices are dropping, too.
In midtown alone they had dropped 10-15%. My husband and I had thought about moving to NJ or Queens to lower our living costs this year. But staying in Manhattan might not be such a bad idea. Especially, when every landlord is willing to negotiate not just first month rent free, but 2 months off the already reduced rates.
