"Net Effective" is annoying
Started by hal_s
over 16 years ago
Posts: 10
Member since: Oct 2009
Discussion about
Add Your Comment
Recommended for You
-
From our blog
NYC Open Houses for November 19 and 20 - More from our blog
Most popular
-
20 Comments
-
139 Comments
-
47 Comments
-
16 Comments
-
25 Comments
Recommended for You
-
From our blog
NYC Open Houses for November 19 and 20 - More from our blog
Correct.
$2000 rent is 80,000/yr.
$1200 rent is 48,000/yr.
those are small ny rents that require large starting salries.
rent's will continue to shrink...could there be a doubt?
If rent is the prime determinant in Re values could Re pricing go anywhere but, down?
Are there any other variables that weigh significantly in this matter?
As unemployment continues the Re market must continue.
You must hate APR as well.
do not sign on for the net effective nonsense.
Not true,not true...when I moved back to Manhattan last year without a job the LL (large management company) had me fill out a one pager and I received a lease in the mail a week later...most LL's will do a credit check...in this market good credit is much better than employment.
in this market good credit is much better than employment.?
huh? Maybe good credit with a big bank account? But without cash flow, why would a landlord risk it? I'd rather take someone with cash flow and lousy credit.
"I'd rather take someone with cash flow and lousy credit."
I'd rather take someone with great credit who looks like they can't afford it on paper: there are 2 types of people: the one's who will do just about anything to live up to their obligations, even if it's painful to very painful, and those who don't think they have to live up to their obligations if it's inconvenient.
In my experience, "non-payers" are more often those who can afford it, but don't feel like it for some reason (usually some extremely self centered reason, like taking a look at how much it would cost to sue them for it, and when it costs more for someone to sue them to get the money, don't pay and say "so sue me"). I'd rather have someone who it looks like will try to pay the rent no matter how difficult for them to do it, than someone who has a history of saying "FU" to their creditors because they feel like they have been slighted in some stupid way.
Aren't you the guy who is the king of lawsuits downtown? Didn't you brag about cheating the banks?
Hardly a spokesperson for character.