Recent New York Times reports claim that for the first time apartment seekers in New York are stunned by the offers they get when looking for apartments for rent.
New York apartment rental rates are too high. Everyone knows that New York is the city of dreams and aspirations. When spring comes, all recent graduates rush to New York to hold on to the dream career they were preparing for. All these students are looking for good and reasonable apartments to rent in New York. When looking for good apartments in New York City, the first shock will be the high prices. On average, the rent for a one-bedroom apartment is around $ 3,000 per month. Additional services, such as a building with a doorman, will cost more. New tenants soon realize they have to find roommates or subordinate their expectations if they need a good rental apartment
The second shock that most apartment seekers face is the size of the apartment. Small apartments are also expensive due to the disparity in the supply apartments in ghana and demand curve. Basically any apartment in New York City can simply be converted into a one bedroom apartment, which is actually just a studio apartment.
New York apartment rentals also hold some nasty surprises for seekers in terms of terms set by homeowners. Some landlords have conditions based on tenants’ wages. Homes are easy to find if the annual average exceeds $ 80,000. If wages are low, landlords require a declaration from a guarantor who has a high annual income. Sometimes landlords also stress prepayments, which becomes a big deal for tenants. These are all the obstacles apartment hunters face.