Looking to rent? Good Luck!

Already been posted, and debunked. Here is a list of 1-bedroom archived listings at The Helena, from nybits.com:

http://www.nybits.com/apartmentlistings/the_helena_archived_rentals.html

NOT A SINGLE ON ANYWHERE NEAR THAT PRICE - they hover around $3k a month. During that time they had a TWO BEDROOM listed for under $5k a month.

http://www.nybits.com/apartmentlistings/31a1e06e32a0a6f0b1228c4bd543d221.html

More NY Times Realtwhore Shill Trash. When will you people learn?

The Helena's asking prices have actually gone DOWN since 2008. In fact, they're DOWN from 2007.

Just more crap reporting.

Rents only go up, while mortgages stay the same for 30 years. Then, after that, they become $0. Rents, they just keep going up. Person who bought a house for $80k in 1980 is living for $1000 a month in taxes and has a capital gain of $500,000. Renter is paying $3500/mo for the same thing, and has $0 capital gains. Generally speaking, renting is for poor people.

http://www.realestaterama.com/2011/10/06/mortgage-interest-deduction-a-middle-class-pillar-ID012148.html

"According to the 2007 Federal Reserve Survey of Consumer Finances, the median net worth of a home owner is $234,600, compared to $5,100 for renters."

Renters = Poorz

More than 28 percent of U.S. homeowners with mortgages owed more than their properties were worth in the first quarter as values fell the most since 2008, Zillow Inc. said today.

http://www.bloomberg.com/news/2011-05-09/u-s-underwater-homeowners-increase-to-28-percent-zillow-says.html

Rate of Home Foreclosures Hits Record

http://www.nytimes.com/2007/09/07/business/07mortgage.html

Seems to me that Juicy got it all wrong: on the whole rents are cheaper than in 2008, cheaper than in 2007, whereas property prices have fallen 25%, taxes and maintenance are up.

Renter = winner.

stevejhx
about 1 hour ago
ignore this person
report abuse Already been posted, and debunked. Here is a list of 1-bedroom archived listings at The Helena, from nybits.com:

http://www.nybits.com/apartmentlistings/the_helena_archived_rentals.html

NOT A SINGLE ON ANYWHERE NEAR THAT PRICE - they hover around $3k a month. During that time they had a TWO BEDROOM listed for under $5k a month.

http://www.nybits.com/apartmentlistings/31a1e06e32a0a6f0b1228c4bd543d221.html

More NY Times Realtwhore Shill Trash. When will you people learn?

That is all well and good, but wouldn't if you were correct, wouldn't landlords (and brokers) be trying to ATTRACT RENTERS through their "shill" the NY Times and other venues? I get dozens of inquiries a week and everyone is getting renewal letters that are higher than they can afford OR they are getting sticker shock when they see what rents are now, expecially if they moved in the last three years.

I got an offer for a 9.7% increase after two years on a two-year renewal, meaning, had I taken it, about 2% per year.

The Realtwhores are trying to make it seem like rents have risen skyhigh, when they haven't. In fact, a quick browse through nybits.com will show you that rents are effectively unchanged for the past 5 years.

stevejhx
less than a minute ago
ignore this person
report abuse I got an offer for a 9.7% increase after two years on a two-year renewal, meaning, had I taken it, about 2% per year.

The Realtwhores are trying to make it seem like rents have risen skyhigh, when they haven't. In fact, a quick browse through nybits.com will show you that rents are effectively unchanged for the past 5 years.

what is the benefit to the "realwhores" in that? if prices are actually lower, won't people realize that when they go and look?

Poor steve, proven wrong once again

On what, Juicy? Methinks you're trying to convince yourself that your reworked mortgage is a good idea is wrong. Fact is, prices at The Helena are DOWN from 2010, DOWN from 2009, DOWN from 2008, and DOWN from 2007.

Oh well!

"if prices are actually lower, won't people realize that when they go and look?"

Real estate in Manhattan thrives on opacity and lack of information. Before nybits, you couldn't have proved the NY Times article was a load of crap. Now you can see for yourself what they were advertising their apartments for, and NONE of them (and there are lots) were even close to the price claimed in that article.

Poor Juicy. Proved wrong again. (And it's "proved," Juicy, not "proven": "a proven fact," but "proved right.")

given whats going on in the economy and the pending layoffs about to hit the street, Im very seurprised the rental market is this strong. really not sure what to believe. only time will tell.

in two years my rent went from $2500 to $2125 and now I just signed a two year lease at $2200, doorman bldg, etc.

You're still not getting this, are you?

Manhattan is its own bubble. Thanks to the internet, cell phones, Skype, and email, people who don't necessarily make their livings in Manhattan can now live in Manhattan. That means the richest of the rich are all vying for living space on this island. And as was explained in another thread a few weeks ago, the richest of the rich don't need "jobs" for their paychecks; the vast majority are entrepreneurs. They *own* -- they don't necessarily *work*. Their money and investments do the working for them.

And I'm not even necessarily talking about the hectomillionaire ($100M+ in assets). I'm talking about the run-of-the-mill $400K+ entrepreneur who makes his fortune from owning three parking garages. Or who owns five "Bloomie Nails" locations. Or he's a platinum trader and works in front of three computer screens from his home office in his $6,000/month rental.

This is the face of the New Affluence in America. It's not always very sexy, but it affords them a spot at the 1% table.

it's possible that less people buying means more people renting which may be resulting in a rental market that is a little less weak than it was 2-3 years ago. wow, fascinating.

stevejhx
about 2 hours ago
ignore this person
report abuse On what, Juicy? Methinks you're trying to convince yourself that your reworked mortgage is a good idea is wrong. Fact is, prices at The Helena are DOWN from 2010, DOWN from 2009, DOWN from 2008, and DOWN from 2007.

Oh well!

"if prices are actually lower, won't people realize that when they go and look?"

Real estate in Manhattan thrives on opacity and lack of information. Before nybits, you couldn't have proved the NY Times article was a load of crap. Now you can see for yourself what they were advertising their apartments for, and NONE of them (and there are lots) were even close to the price claimed in that article.

Poor Juicy. Proved wrong again. (And it's "proved," Juicy, not "proven": "a proven fact," but "proved right.")

When prices go down, concessions go up. That hasn't happened. No one is screaming the NYC rental building equivelant of "HUGE MARKDOWNS!" Are any major landlords paing brokers fee's of offering free months rent wholesale? One or two are paying an OP that weren't two months ago, but that happens every winter, and their prices are sky high to reflect it. Steve when the market was soft, everyone in RE said so, and the Times reported it, and the market reflected it. Now, the market is strong, and that is what is being reported. It isn't a conspiracy.

http://www.nytimes.com/2009/02/01/realestate/01cov.html?pagewanted=all

NYCM, I fall into your non-hectomillionaire but run-of-the-mill 1% entrepreneur, and yes, I can afford Manhattan quite easily. I still decided to leave, because why should I give NYS/NYC 25% of my $400k entrepreneurship, and 2x the rent, just to stay here?

I can run my entrepreneurial computer screen from anywhere in the world.

But in any case, as Julia said, rents are going DOWN. I just talked to a neighbor of mine who moved into an apartment not as nice as mine and he's paying $4400 for it, considerably more than they offered me a renewal for. There was a Rent Bubble along with the whole QEII Bubble that lasted for about 5 months. It's now dying a Huge and Painful Death.

There haven't been this many vacant apartments at these prices on the market since 2009. Taking that as a major sign, I believe we are headed into a pretty significant economic slump, aka Great Recession Part II. The banks have been decimated: even the best, JPM, got half of its "profit" from a noncash accounting entry. Otherwise, its profit would be far, far below what it was just a few years ago.

Where go the banks, so goes the economy. Just saying....

"Steve when the market was soft, everyone in RE said so, and the Times reported it, and the market reflected it."

Please. The Times reported that the Foreigners were Buying.

jim_hones10
23 minutes ago
ignore this person
report abuse http://www.nytimes.com/2009/02/01/realestate/01cov.html?pagewanted=all

What about the biased "shill" like reporting Steve? And where are the concessions? Rents are down from when? All times highs?

stevejhx
1 minute ago
ignore this person
report abuse NYCM, I fall into your non-hectomillionaire but run-of-the-mill 1% entrepreneur, and yes, I can afford Manhattan quite easily. I still decided to leave, because why should I give NYS/NYC 25% of my $400k entrepreneurship, and 2x the rent, just to stay here?

Wait, just read you don't even live here. But you are an expert. I'm done wasting time on you. On to destroy the next know-it-all's sense of self worth.

Julia, what part of town do you live in ?

No, JH, I live here, 52nd & 8th. Have for years and will till the end of December.

Concessions are on their way back. The old routine that wasn't working was to jack up the rent and give a concession. Right now, they've just flat-out lowered the asking prices.

Where are you off to, Steve? Florida?

I'm guessing Rhino will be the next to go.

>The banks have been decimated: even the best, JPM, got half of its "profit" from a noncash accounting entry. Otherwise, its profit would be far, far below what it was just a few years ago.

Steve, where do you get this mumbo jumbo nonsense? What does JP Morgan's accounting have to do with the rent on 52nd Street or anywhere else in Manhattan?

stevejhx
34 minutes ago
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report abuse No, JH, I live here, 52nd & 8th. Have for years and will till the end of December.

Concessions are on their way back. The old routine that wasn't working was to jack up the rent and give a concession. Right now, they've just flat-out lowered the asking prices.

of course concessions will be back. bell bottoms will too. markets go up and they do down. but no one who has a lease expiration of Oct 31st gives a shit what the rental market is going to be like in 6 months.

mym
about 1 hour ago
ignore this person
report abuse Julia, what part of town do you live in ?

this is where Julia tells us she lives in a 350 sq foot studio in a less than desirable area on a low floor. but hey, it's good a doorman. and only $2200 per month!

My lease expires on November 30, and bellbottoms will never be back, if I have anything to do about it.

In my building they first got rid of the incentives, tried to keep the prices the same without them. That caused huge vacancies, so they just gave up, dropped the charade, and flat-out lowered rents. It's been going on all over the city - since I've been renting for 7 years or so, I keep pretty close tabs on the market. Vacancies are also hugely up.

HB, in case you didn't realize it, Banking is the #1 industry in Manhattan. It has nothing to do with JPM's "accounting"; it is that half of their income was nothing but an accounting entry, and did not represent cash flow. You cannot pay people from an accounting entry.

That is a Huge Deal. Take a bookkeeping course. They offer them at Borough of Manhattan Community College, or for you, Boricua College.

stevejhx-which neighborhood do you live in?

You have been renting for 7 years? Bravo. I rented 17 apartments last month (with help, but still), so I keep REALLY close tabs. It isn't the most scientific method though. I look at daily lists of available apartments provided by three enormous management companies that control thousands of market rate rentals below 110th street, plus my own exclusive account. I can tell you that without a doubt there are far fewer apartments on the market than 12-24 months ago. None of them have an incentive like free rent or a paid brokers fee (other than one buidling in the Financial District). Unlike a Glenwood or a Related, these owners operate everything from $1600 walk-up studios on the UES to $25000 per month palaces in Chelsea and the Village. This gives me a better snap shot of what is happening, and how the market is trending than any layperson could every provide.

I can add that they keep their increases on renewal nominal, they will sometimes (but not always) entertain a reasonable offer to negotiate a slightly lower rent on a unit, and that there inventory gets snapped up at astonishing speed

>My lease expires on November 30, and bellbottoms will never be back, if I have anything to do about it.

Steve, you never know. Remember when you were born in Long Island City and it was a shithole. And now look at it, ...

>That is a Huge Deal. Take a bookkeeping course. They offer them at Borough of Manhattan Community College, or for you, Boricua College.

You think I can get in?

Steve, honesy is eating your lunch

This is getting too ugly. The point of these postings is to share info apts. Want to know where you guys who clain that your rents are falling live?

yes, julia and steve, share with mym where you live. because, you know, these cheap apartments are so plentiful that anyine can find them, right?

Steve must be occupied elsewhere, so I'll fill in. He's at http://www.rosenyc.com/No-Fee-Rental/The-Ellington.aspx. IIRC it's a C-line on the 20-something floor. There's an A-line, not as good a layout as the C, now asking $4,150.

I still want to know whether Rose renovates the kitchens and baths when the apartments turn over. The pictures on the website show 1988-vintage stuff, from when the building went up.

I don't know what they're doing with the kitchens now - the building's from around '85, they replaced all of the appliances, redid the bathrooms, put in new elevators, redid all of the balconies. Could use new cabintry in the kitch, to be sure - not worth the price differential when compared to, say, Related: nice cabinets, exorbitant rents.

"What about the biased "shill" like reporting Steve?"

Please, Jimmy Ho': even the NY Times Real Estate editor has admitted, in writing, that the real estate section is an ADVERTISING section, not a news section. When the boss tells you its an advertorial, it's an advertorial.

Sorry you don't like the fact that there are, truly, reasonably priced apartments in Manhattan, still 50% below the carrying cost of buying, but it's true.

"Steve, honesy is eating your lunch"

Anybody who wants to eat my puked up lunch is welcome, Juicy. You next?

stevejhx
5 minutes ago
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report abuse I don't know what they're doing with the kitchens now - the building's from around '85, they replaced all of the appliances, redid the bathrooms, put in new elevators, redid all of the balconies. Could use new cabintry in the kitch, to be sure - not worth the price differential when compared to, say, Related: nice cabinets, exorbitant rents.

"What about the biased "shill" like reporting Steve?"

Please, Jimmy Ho': even the NY Times Real Estate editor has admitted, in writing, that the real estate section is an ADVERTISING section, not a news section. When the boss tells you its an advertorial, it's an advertorial.

Sorry you don't like the fact that there are, truly, reasonably priced apartments in Manhattan, still 50% below the carrying cost of buying, but it's true.

fine, so advertorial, but NOT biased one way or the other. when the rental market was down, that was what the "advertorial" articles stated. Now it isn't down, and that is what the articles are about.

I don't think anyone stated that there were no reasonably priced apartments in Manhattan. I live in one, and I see them (in person, not on a website) everyday. But could someone have gotten the same apartments cheaper three years ago? Yes. Would they have gotten concessions they won't get now? Yes. This indicates, once again, a strong rental market.

Real life example:

05. 2600

07/08. 3100/3150

09. 2800

Just renewed for 2 years at 2900

Not looking to fight about rent vs. buy. We've done all the numbers, and this is the best choice for us at this point. Just pointing out that the Times article doesn't reflect our experience.

I live on the 11th floor of a high rise bldg.in a convenient area of Manhattan with a gym, roofdeck, etc. My apartment is 600 sqft. that's what the LL says..I have no idea but my kitchen is all stainless and granite, bathroom is marble, great finishes and I have a breathtaking view with six, yes six windows along one wall.

The bottom line is I never negotiated the rent this time...I received a letter stating if I wanted a one year renewal the increase would be $25.00 and two year $75.00.

So steve, would you prefer, taking you to school?

That's very pedophile of you, Juicy. Alas, Jimmy Ho' has no point, and neither do you: the article in the Times is COMPLETELY UNTRUE: never has The Helena advertised a 1-bedroom apartment for $5,000 a month, and their 2-bedrooms at their peak went for less than that.

The fact is, rents are now the same or below where they were in 2007. Property taxes, maintenance, and reworked co-op loans, on the other hand, do nothing but go up.

Oh - forgot, too: prices are down 25% from their peak, so not only have you lost principal, your expenses have gone up. Me? I'm doing JUST FINE in my Dumpy Rental, thanks!

http://www.nytimes.com/2011/10/16/realestate/rents-in-manhattan-rebound-to-record-highs.html

Steve, read the article again. Slowly. Use a dictionary for the words you don't understand. Nowhere in the article does it state that the Helena was advertising $5000 one bedrooms. Mr. Graney states (not the writer) that he received a renewal for that amount.

So what exactly about it is untrue?

Below is two bedroom pricing at the Helena on rented units going back to 06. I see alot of numbers that have a 5 in front of them:

VAR-2B 2BD 3.5/2/1 $4,550 UF 2/7/2006 POM OLR
PH-A 2BD 4/2/2 $4,490 UF 6/21/2010 Rented OLR
36-C 2BD 4/2/2 $4,690 UF 10/12/2011 Rented OLR
37-J 2BD 4/2/2 $5,290 UF 7/16/2009 Rented OLR
35-B 2BD 4/2/2 $5,390 UF 8/30/2010 Rented OLR
35-A 2BD 4/2/2 $4,550 UF 2/14/2006 Rented OLR
28-E 2BD 4/2/2 $3,790 UF 3/10/2009 Rented OLR
35-J 2BD 4/2/2 $5,490 UF 8/9/2011 Rented OLR
36-A 2BD 4/2/2 $4,490 UF 10/12/2010 Rented OLR
22-E 2BD 4/2/2 $3,990 UF 6/2/2010 Rented OLR
39-B 2BD 4/2/2 $5,490 UF 8/9/2011 Rented OLR
37-B 2BD 4/2/2 $5,400 UF 10/7/2011 Rented OLR
38-C 2BD 4/2/2 $4,990 UF 10/4/2007 Rented OLR
38-J 2BD 4/2/2 $4,790 UF 1/26/2009 Rented OLR
11-R 2BD 4/2/2 $5,100 UF 10/12/2011 Rented OLR
5-P 2BD 4/2/2 $4,690 UF 11/1/2010 Rented OLR
32-E 2BD 4/2/2 $4,390 Both 8/23/2011 Rented OLR
PH-J 2BD 4/2/2 $5,490 UF 5/10/2007 Rented OLR
34-C 2BD 4/2/2 $4,990 UF 5/2/2007 Rented OLR
25-E 2BD 4/2/2 $4,790 UF 6/5/2009 POM OLR
35-K 2BD 4/2/1 $5,190 UF 8/23/2007 Rented OLR
40-A 2BD 4/2/1 $5,390 UF 10/4/2007 Rented OLR
37-K 2BD 4/2/2 $4,190 UF 9/30/2009 Rented OLR
34-K 2BD 4/2/2 $4,390 UF 9/30/2009 Rented OLR
38-K 2BD 4/2/1 $5,090 UF 10/30/2007 Rented OLR
34-J 2BD 4/2/2 $5,390 UF 1/17/2008 Rented OLR
36-K 2BD 4/2/2 $4,690 UF 5/12/2011 Rented OLR
PH-K 2BD 4/2/2 $5,390 UF 3/17/2008 Rented OLR
34-A 2BD 4/2/2 $4,790 UF 1/26/2009 Rented OLR
3-P 2BD 4/2/2 $4,990 UF 5/27/2011 Rented OLR
20-E 2BD 4/2/2 $3,890 UF 7/16/2009 Rented OLR
37-C 2BD 4/2/2 $4,990 UF 6/11/2008 Rented OLR
38-A 2BD 4/2/2 $4,490 UF 12/1/2008 Rented OLR
36-J 2BD 4/2/2 $4,790 UF 1/11/2010 Rented OLR
27-E 2BD 4/2/2 $3,990 UF 1/8/2009 Rented OLR
8-P 2BD 4/2/2 $4,890 UF 1/8/2009 Rented OLR
7-P 2BD 4/2/2 $4,390 UF 1/26/2009 Rented OLR
39-C 2BD 4/2/2 $4,690 UF 3/25/2009 Rented OLR
21-E 2BD 4/2/2 $3,790 UF 5/14/2009 Rented OLR
26-E 2BD 4/2/20 $4,400 UF 3/8/2011 Rented OLR
36-B 2BD 4/2/2 $5,290 UF 7/8/2010 Rented OLR
3-K 2BD 4/2/1 $4,490 UF 9/30/2010 Rented OLR
39-J 2BD 4/2/2 $8,500 F 2/24/2011 Rented OLR
4-P 2BD 4/2/2 $4,990 UF 6/21/2011 Rented OLR
31-E 2BD 4/2/2 $4,590 UF 6/13/2011 Rented OLR

"Mr. Graney states (not the writer) that he received a renewal for that amount."

Deceptive shill: the implication is CLEARLY that that is the going price for 1-bedroom apartments there, when it is not. Take out your dictionary and read the definition of "deceptive" and "misleading"; if there's anything you don't understand about it, just ask.

I never said there were no numbers with 5's in them. In fact, I loooked up the prices before I made any post whatsoever. What I said was that no 1 bedroom apartments was ever advertised for that price. And apparently, your long list proves precisely that.

It also proves that rents have FALLEN since 2007, exactly what I said.

Thank you for your confirmation, Jimmy Ho'.

about 2 hours ago
ignore this person
report abuse That's very pedophile of you, Juicy. Alas, Jimmy Ho' has no point, and neither do you: the article in the Times is COMPLETELY UNTRUE: never has The Helena advertised a 1-bedroom apartment for $5,000 a month, and their 2-bedrooms at their peak went for less than that

read your last sentence Steven.

and actually, the list proves that rents were high in 2007 they fell, and now they are high again.

35-K 2BD 4/2/1 $5,190 UF 8/23/2007 Rented OLR
40-A 2BD 4/2/1 $5,390 UF 10/4/2007 Rented OLR

35-J 2BD 4/2/2 $5,490 UF 8/9/2011 Rented OLR

So which one is it steve, rents are not going up or rents are not as high as 2007?

And steve, the pedophile comment is really uncalled for

Rents are going up but not at new peaks. And there have not been accounts of rents hitting a new trough.

I just can't believe how contradictory and contrary steve is.

"rents are not going up or rents are not as high as 2007?"

Seems to me that those are six of one and half a dozen of the other, and not self-contradictory at all: if rents are not as high as they were in 2007, then they are not going up.

They did rise briefly during the QEII Bubble, but every building I check - most of them - have seen a precipitous fall since August. And regarding the Shill Article, The Helena NEVER rented a 1-bedroom apartment for $5000, or even close to it.

And again, Jimmy Ho' proves my point:

40-A 2BD 4/2/1 $5,390 UF 10/4/2007 Rented OLR

35-J 2BD 4/2/2 $5,490 UF 8/9/2011 Rented OLR

4 years later, an 2-2 rents for $100 more, and it even has one more of that last "2" than the 2007 apartment.

Case closed. Rents have NOT gon up.

"gone"

They did rise briefly during the QEII Bubble, but every building I check - most of them - have seen a precipitous fall since August. And regarding the Shill Article, The Helena NEVER rented a 1-bedroom apartment for $5000, or even close to it.

who said that they ever did Steve?

34-B 2BD 4/2/2 $5,400 UF 10/12/2011 Rented OLR

what about that one steve? or this one?

39-B 2BD 4/2/2 $5,490 UF 8/9/2011 Rented OLR same floor two bathrooms, and oh, my goodness PEAK PRICING.

Steve, I have better data at my disposal, I know this topic. You are wrong anyway, but you can't win this arguement.

39-B traded for the same money that 2/2's traded for in that building four years ago. in another thread i gave data that one bedrooms are trading 10% above 08 and 09, with no concessions built in, so even more skewed than that.

give up now.

Let's be clear - the guy who works for me talked the Helena down $100 per month AND got a free month. This all on Friday, October 14, 2011. 2 days ago!!!! $2850 net for a one bedroom. So the very anecdote meant to frame this story us false.

Very misleading article from NYT, again!
What is the logic behind this? Does New York provide more jobs that draw more people in? Does the housing inventory drop dramatically?

I'm seeing it again, Jimmy Ho', your numbers, in chronological order:

38-K 2BD 4/2/1 $5,090 UF 10/30/2007 Rented OLR
37-K 2BD 4/2/2 $4,190 UF 9/30/2009 Rented OLR
34-K 2BD 4/2/2 $4,390 UF 9/30/2009 Rented OLR
36-K 2BD 4/2/2 $4,690 UF 5/12/2011 Rented OLR

Seems to me prices are going DOWN, not up, since 2007.

I never said that no 2-bedrooms ever went for in the 5's: I said that no ONE bedrooms ever did - and they didn't - and that prices are going DOWN.

You haven't disproved it yet.

stevejhx
about 4 hours ago
ignore this person
report abuse That's very pedophile of you, Juicy. Alas, Jimmy Ho' has no point, and neither do you: the article in the Times is COMPLETELY UNTRUE: never has The Helena advertised a 1-bedroom apartment for $5,000 a month, and their 2-bedrooms at their peak went for less than that

Did you write the above by mistake?

the NYT can print what they want but rental prices are going down that's reality.

Manhattan - All Manhattan
Manhattan Date Range 1: 8/21/2011 - 9/18/2011
Date Range 2: 9/18/2011 - 10/16/2011

8/21/2011 - 9/18/2011 9/18/2011 - 10/16/2011 Change % Change
Average Listed Rent $4,041 $4,112 $71 1.76 %
Median Listed Rent $3,437 $3,450 $13 0.38 %
Number of Properties Rented 4,715 1,855 -2,860 -60.66 %
Rentals Taken Off Market 626 252 -374 -59.74 %
New Rentals 4,174 1,694 -2,480 -59.42 %
Rental Inventory 10,528 7,122 -3,406 -32.35 %
Average Rent per SF $43 $44 $1 2.33 %
Listings with Rent Drops 2,622 1,122 -1,500 -57.21 %

Disclaimer

actually asking rents are up, see above.

>That's very pedophile of you, Juicy.

I think you are confusing JuiceMan with Wbottom.

>Let's be clear - the guy who works for me talked the Helena down $100 per month AND got a free month.

Impressive. And he works for you Jason??

huntersburg
4 minutes ago
stop ignoring this person
report abuse >Let's be clear - the guy who works for me talked the Helena down $100 per month AND got a free month.

Impressive. And he works for you Jason??

I thought about that too. Does't Jason live in east harlem?

If there is a disease that is like Tourettes but doesn't have the oral / audible part of it - Jason would be the poster boy.

huntersburg
16 minutes ago
stop ignoring this person
report abuse If there is a disease that is like Tourettes but doesn't have the oral / audible part of it - Jason would be the poster boy.

Just wondering why one would chose to live in E Harlem but pay someone else enough money to cover the nut on a $3000 rental. Which makes me doubt his veracity.

You're taking your sample from 3 weeks, and you're calling that statistically valid?

Manhattan Date Range 1: 8/21/2011 - 9/18/2011
Date Range 2: 9/18/2011 - 10/16/2011

Really, Jimmy Ho', you're gonna have to do better than that.

steve, i don't have to do better than anything. you still haven't addressed your comment regarding two bedrooms never being priced over $5000 "even at peak". why don't you?

absolutely right, jimboner. you're a rich successful nothing. no reason to do better than that.

Hey columbiacounty! You are back ... good thing they have that 72 hour rule.

columbiacounty
9 minutes ago
stop ignoring this person
report abuse absolutely right, jimboner. you're a rich successful nothing. no reason to do better than that.

as long as you acknowledge the "rich successful" part, than you can add the nothing. no problem with me. if you'd read the thread you'd see I've kicked Steve's ass for the better part of two days (not literally of course, they way I would yours) instead of weighing in with nothing to say like you have. Watch this thread go downhill now because of you.

hi cc! we're all here! great big party of 2 people

Hey!

huntrsburgdidyougetmyemailandwhatdidyouthinkofit?

>huntrsburgdidyougetmyemailandwhatdidyouthinkofit?

No, I'm not online right now.

oh, like you can't get into your email? i hate when that happens. that is not what they advertised when i signed up with gmail. what did they advertise, anyway?

how cute are you?

ask huntersburg

how do feel about almond flour?

i feel nothing for almond flour. should i?

"you still haven't addressed your comment regarding two bedrooms never being priced over $5000 "even at peak". why don't you?"

Because I never said it. What I said was, "NOT A SINGLE ON ANYWHERE NEAR THAT PRICE - they hover around $3k a month. During that time they had a TWO BEDROOM listed for under $5k a month."

Some of their 2-bedrooms during that time were above $5k, some under. The article, however, was referring to a 1-bedroom, and what I said was they NEVER had a ONE-BEDROOM priced at $5k, or anywhere near it.

Furthermore, the facts are the facts - proved by your data and mine: rental prices have gone DOWN since 2007.

stevejhx
about 7 hours ago
ignore this person
report abuse That's very pedophile of you, Juicy. Alas, Jimmy Ho' has no point, and neither do you: the article in the Times is COMPLETELY UNTRUE: never has The Helena advertised a 1-bedroom apartment for $5,000 a month, and their 2-bedrooms at their peak went for less than that.

The fact is, rents are now the same or below where they were in 2007. Property taxes, maintenance, and reworked co-op loans, on the other hand, do nothing but go up.

Steve, you do realize that what you write here doesn't change right? I mean, it's in black and white. You wrote it. "two bedrooms at their peak went for less than tha"

Two bedrooms have traded at, below and above that figure every year since 2007.

I don't dispute that they haven't ever had a one bedroom for $5000. The guy in the article says he received a renewal for that amount. No one else ever said they rent their one bedrooms for $5000. It seems a fixation with you, but did you read the article?

The guy who works for me lives in a one bed with his wife. I live in a 2/2 and am single. And he does even contribute to his 401k. I save a lot and still can afford to spend a lot.

And Jim is welcome to come to my office anytime he wants.

Today's mag section had a reasonable recap of One Madison.
One of the great residential re stories and you're bantering about the validity of that lieing grey old bitch?
That nasty old lady would lie like a rug to curry favor with fleas if they had advertising gelt.
As you forget, she once ruled over Manhattan residential re.
She's also a sore loser.

You have two bathrooms just for yourself? Guess you are full of a lot of shit.

I'll meet you in person any time you'd like huntersburg. I work midtown East. You name the day.

Why would I want to meet you?

Oh, Jimmy Ho'! I wrote what's up there, not what you said I did.

Steve, any idea why Jason wants to meet me?

huntersburg
"You have two bathrooms just for yourself? Guess you are full of a lot of shit"

I lived in a 2br/2bath for years when I was single. With that being said, I still live in a 2br/2bath (diff apt) after being married with a child.

Way too much information.

Here is a thread where stevejhx shills for a NY Times article that reported the market was going down.

http://streeteasy.com/nyc/talk/discussion/5976-its-official-the-ny-times-says-prices-are-going-down

Guess it was a credible source then, but not now.

Can't make this stuff up.....

That was a JMiller report, JM, not a NY Times Shill Report. Reporting a report is different from reporting an advertorial. The NYT reporting Case-Shiller isn't a Shill Report, either.

Hard to believe you can't figure out the difference. Actually, not really.

Can't make this stuff up....

What about when steve was pining over the brokers statement below?

http://streeteasy.com/nyc/talk/discussion/5121-top-broker-nyc-real-estate-in-steep-decline

Can't make this stuff up

My LL offered me 5 figures to vacate my apt. That tells me rents are rising - a lot.

"That was a JMiller report, JM, not a NY Times Shill Report. Reporting a report is different from reporting an advertorial. The NYT reporting Case-Shiller isn't a Shill Report, either."

Steve, the JM report/data is EXACTLY what's used for the Prudential-Douglas Elliman reports. You know, the stuff that routinely gets cited in the NYT RE section. So, the broker data is credible, but the NYT section (that regurgitates that data) is not? Got it. You really can't make this stuff up...

Stevejhx can you please confirm that rents are going down in the West Village, Soho, Tribeca and Chelsea as well.