NYT: "don't do-it-yourself," "new grad bonanza"

Also, I can't tell if they're trying to add a little optimism or if they are shilling for landlords/advertisers tired of "being bullied by renters." The subtext here is that while there are deals, you are LUCKY to get them so just be grateful and don't ask for extras.

"and real estate agents say that in the current market, $2,000 is even enough for a two-bedroom apartment in Manhattan south of 96th Street."

Bullsh!t. I call BS on that statement. We had a lengthy discussion here on SE about this very same claim a few weeks ago and nobody was able to find a REAL 2 bedroom for $2k a month.

This will be a year of new graduates arriving unlike any seen in the last 15 or so years.

Why are thousands of graduates going to move here - there's no jobs.

Recession or not, thousands of 20-somethings will be arriving in Bushwick in the next few months to all share a loft and practice with their indie experimental band.

> "and real estate agents say that in the current market, $2,000 is even enough for a two-bedroom apartment in Manhattan south of 96th Street."

The author (and editors) must be suburban B&T types to let that kind of statement into print.

I am very dubious about the number of fresh grads who will be rolling into the city with spanking new jobs. Can anyone who works for investment houses, financial instituions, media places, magazines, etc weigh in on the real numbers of newbies coming into the city with jobs in hand? I understand that new grads are cheaper than entrenched workers (and can sometimes do similar work), but it was my belief that things are so bad now that companies aren't even hiring the newbies. Any truth to this?

I do know that most of the major law firms have deferred their intering classes until at least january if not later. This means hundreds, if not more, 6-figure-making attorneys simply own't be moving into the city this summer.

It's still a net decline, no matter where the gross inflows come from.

mine was a pun. it's going to be a brutal summer and fall in terms of incoming renters. it's not just banks and law firms that recruit for summer/fall starts (although that's where the greatest effect will be seen).

also, given the seasonal nature of the rental market, it's a fine time to pick up and leave, as well. i've got to think that many whose leases are about to expire are pretty much ready to give up the good fight in terms of NYC.

What they forget is the renters from LAST summer and the summer before that will be ENDING leases in droves.

Whatever new supply comes in will be dwarfed by those leaving the market.