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We rented a few weeks ago and I was surprised at how much more value I was seeing than in past years. What types of traffic, prices, availability, etc are you seeing?
When does everyone think prices will become more negotiable (ie open to low balls)? May?
you realize that you guys (the low ballers) never actually rent a house out east?
Not true - rented the last two years - had successful low balls in June (once owners realized they weren't going to rent for whole summmer) - was curious if people think similar timing still stands this year or if it will be earlier given significantly lower IB bonuses and lower % in cash.
Perhaps... maybe if you want to rent in the springs
SOH BH. Perhaps you're being so defensive about this because you know the low-balls are going to be flying given 2011 comp.
why would i care?
and your basically a shark... BTW
I don't know why you would care but apparently you do because you're calling me a shark. My guess is you own an underwater hamptons house and you're hoping someone rents your place at full ask so you can cover your mortgage. But that's pure speculation. If that's not the case then I don't know why you give a shiznit about this thread.
wow, I hate stupid social climbers...
I'm tired of arguing with some idiot.
Good luck low balling a shit house for 30K for the season...
Don't let the (low)balls hit you in the face...
With all due respect (credit goes to Ricky Bobby), it's those who flaunt their money who are social climbers, not those who are thrifty...
We "low-balled" for 4 years every May (2006-2009) and always got a nice house with a pool for $40-$45K for the whole season. Of course we got a much nicer house in 2009 than in 2006. There are plenty of houses out there. We never had a problem. But definitely wait until May. We found the second weekend in May to be the sweet spot. And they were not "shit" houses or locations.
I am curious - what is a low ball? 20% off ask? Less? More? Lk - what are those houses that you pay $40 - 45k for actually listed at? FWIW, we would have offered less but honestly, the place we wanted was fairly priced so we agreed to it and signed a month ago.
I consider "low ball" 20-25% below ask.
When you pay close to full asking price on a luxury summer rental, does it ever include any of the utilities or services (weekly pool, maid, lawn) that are required by the owner? I was surprised to see all of these in the contract on top of the price.
Village-what did you get, and how much did you pay for it ?
NYC - it never includes utilities/services. That is on top of the rental. What's worse - a lot of landlords don't "trust" you so they shut off the cable and you have to get cablevision to come and turn it on. It's not like they leave everything running and then you reimburse the landlord. We paid for electric, gas, phone, cable, internet, weekly cleaning (mandatory), weekly law mowing (mandatory), one or two hedge trimmings, and weekly pool maintenance (NOT opening and closing). It adds up.
MYM - We rented a small, no pool (we only looked at non-pool houses, we have a toddler and have friends with a pool.) place for $25k. We are thrilled with it.
Village-sounds like both you and the owner got lucky. Houses without poools are hard to rent, but with a two year old, I totally understand why you don't wanr one, and 25k is great !