2 yr lease

How about your LL zeros out his remarketing cost and you get to stay 2nd year wo increase. Or do what w67 would do, Hammer hard a one year lease and 'give' him a 2% increase, cause he'll back at you with 5% and you can shake hands at 3%.

Next question.

Sounds like pretty weak negotiating on w67thstreet's part.

Simply, if you put your original offer to the condo owner very specifically at $X per month for the length of a 2 year lease, then there'd be no increase to discuss. If you wait to address this later, like it sounds like you've done, then you have to accept 2 or 3% increases.

i really like the place, it is priced well and even rent controlled increases are at 4% so i want to be fair, will like to know what are standard condo increases?

About 10 million people in NYC. There is no such thing as standard anything.

If you are paying rent controlled prices, then your point makes sense.

I think you want to get to a round number that is 3-4%. Who wants to deal with remembering a $3123 check?

Rent controlled increases are not 4% generally, FYI, for annual increases.

Inonada is as accurate as always. He's correct, rent control increase isn't 4%. It was just voted as 3.75% on the one year lease. He's so smart.

By the way, who still writes rent checks when there's auto bill pay from any bank for large landlords and small individual landlords? Unless you live hand to mouth and need that payroll check to clear on the 31st before you write and mail the rent check on the 1st.

All wrong: rent control increases at 7.5% per year, and has done so for decades.

2yr lease: 7.25%

"By the way, who still writes rent checks when there's auto bill pay from any bank for large landlords and small individual landlords? Unless you live hand to mouth and need that payroll check to clear on the 31st before you write and mail the rent check on the 1st."

I write checks for EVERYTHING.

I refuse to let anyone have direct access to my bank account.

Auto-bill pay not only increases your financial vulnerability, but in my opinion, is also the epitome of laziness. How much of a hassle is it REALLY to write out a check, stuff it into an envelope, and drop it into a mailbox?

>All wrong: rent control increases at 7.5% per year, and has done so for decades.

You are right. That's one difference between Control and Stabilization.

>I refuse to let anyone have direct access to my bank account.

Who is the third party that has access if you use auto bill pay from your bank's end? No one has access if you direct the payment from your bank's end, not the merchant's end.

>Auto-bill pay not only increases your financial vulnerability

You are out of date since the passage of Check 21.

"You are out of date since the passage of Check 21."

"Check 21" is the worst piece of banking legislation for consumers since banks were allowed to get into the securities and insurance business.

And yes, it's made ALL of us ever more vulnerable.

I've always found that the weak are generally more vulnerable than the strong.

I've used online banking since about 2000 and never once had a single problem with my bank account. I would imagine the vast majority of people who read this would say the same thing. NYCMatt - do you also keep gold bars hidden in your apartment in case the banks fail?

"I've used online banking since about 2000 and never once had a single problem with my bank account."

Good for you.

Others haven't been so lucky.

I have friends in the FBI Counter-Terrorism division who absolutely refuse to do ANYTHING finance-related online, nor do they let their families. Regardless of that little padlock on the browser, they tell me NOTHING is secure -- ever.

nycmatt= scared little pussy or fearmonger

which is it cupcake?

fair?? hahaha. 0% would be ideal, but i would walk away happy with <4%.
FWIW - we're cruisin' into our 3rd year and have yet to see an increase. pretty happy the LL rejected our 2 yr lease request. although, i suspect this is pretty unusual...

weirdness! should read:

fair?? hahaha. 0% would be ideal, but i would walk away happy with <4%.
we're cruisin' into our 3rd year and have yet to see an increase. pretty happy the LL rejected our 2 yr lease request. although, i suspect this is pretty unusual...

wtf??

...i would walk away happy with less than 4%.
we're going into our 3rd year....

uwsmom, we are with you. Personally, I hope you:
1) Have no increase in rent
2) Aren't attached by a band of wild monkeys on West 67th street
3) Don't ever have to deal with a rent increase that forces you to move to Columbia County
4) Are never determined by medical professionals as someone who is About Ready to hurt her children
5) Probably the most important - never have your children come within 20 city blocks of Wbottom who shouldn't be within 20 city blocks of any child.

i signed a 2-year lease and the LL increased my rent under 3%.

attacHed -> attacKed

I agree with Matt (scary) . The risks are there, and all the promises of safety are just not true.
Downtown, you've been fortunate. It happens more often then you think.

It's safer to have a stop gap account. Create one bank account only for online use with enough funds to cover 60 days of bills. Feed it every month. Limit your exposure.

A mortgage lender we used recently gave half a percentage point off if you used online bill pay. I have been using online banking for years without a problem but pretty much have a stop gap account for that purpose.

"Create one bank account only for online use with enough funds to cover 60 days of bills. Feed it every month. Limit your exposure."

hey, we do that!

I just keep all of my money amassed in one bank account, use it freely for online banking and the like, and pray to Saint Macrina the Elder on a regular basis. Works like a charm.

I recently heard of someone who used online bill pay being underwater on their mortgage. I also heard of someone else who used online bill pay being a victim of a crime in the West Village. And even worse, I heard of someone who used online bill pay, and then had their body clock messed up by their boss. Conclusion: online bill pay is bad.

Did you guys see that atm stub left behind (front page Post last week) that someone picked up in the hamptons with a balance of just under 100 million?
I thought the receipts would max at 999K.

http://usa-breaking-news.com/wp-content/uploads/2011/07/4e2a301c9beceipt.jpg

What kind of fool would pay $2.75 for the "privilege" of withdrawing his own money from his own account?

what percentage of 100,000,000 is 2.75 Alan?

The kind of "fool" that has a networth like that probably couldnt give a shit.

"What kind of fool would pay $2.75 for the "privilege" of withdrawing his own money from his own account?"

Many banks will refund the ATM withdrawal fees for high-balance accounts. Bigger question: why only take out $400?

buying party favors and doesn't want to carry excess cash. but 400? it's someone's kid, right?

>What kind of fool would pay $2.75 for the "privilege" of withdrawing his own money from his own account?

The receipt was from a Capital One ATM. That "fool" got Capital One Rewards.

http://dealspl.us/Others_deals/p_venture-rewards-credit-card-capital-one-match-my-miles

DSK hitting the hamptons?

"What kind of fool would pay $2.75 for the "privilege" of withdrawing his own money from his own account?"

inonada nailed it.

Most likely this depositor is a client of a private bank, and while Capital One charges everyone and his brother $2.75 for a transaction, the bank will refund that money at the end of the statement period.

As to "why only $400", it's probably the daily limit that Capital One imposes on ALL users of its ATMs.

Which of course begs the question, why use an ATM at all?

Most private banks require a deposit of "only" $6 million or so (clearly no problem for this depositor), and one of the perks of private banking is a personal banker available via telephone 24/7. Prior to to the era of ATMs, a private banking client could telephone their private banker at any hour, from any location, and that banker would personally deliver any sum of cash the depositor wished to withdraw.

Ah, the good ol' days.

1. $2.75: it's the principle of the matter, even if the fee is waived
2. $400: more likely 200 hits of crack
3. that banker would personally deliver: and then I'd need to fumigate the place immediately afterwards. Good ol' days indeed!

"1. $2.75: it's the principle of the matter, even if the fee is waived"

Principle or not, the machine automatically imposes a fee if it's not a "home" depositor. That's just how the world works. Deal.

***
"2. $400: more likely 200 hits of crack"

So you cynically assume.

***
"3. that banker would personally deliver: and then I'd need to fumigate the place immediately afterwards."

OK, now your jealousy is overt.

And it's not pretty.

Hey, I think all our jealousy is pretty overt. I wouldn't mind a few extra millions and would even pay $2.75 to get to them...

it isnt hard to find a bank that will refund these atm fees, and you dont even need 100 million on deposit.. maybe 2k, 5k or 10k depending on the bank. bank fees... please dont tell me you are paying them.

Even better yet, don't use BANKS at all. Use credit unions.

Use Wells Fargo, they still deliver by wagon.