Tuesday, December 29, 2015

Home prices soar rentals come down

While home prices keep going up or are driven up, the rentals mainly basement apartments have stabilized and come down in price. They are still not were they should be but landlords are asking less than 6 months ago. Open a Massa Umatan there are over 200 available units for rent. A few factors contribute to the prices coming down just a bit mainly when there is construction and new developments go up lots of units become available at once making it competitive. People moving out of basements into homes,  or some relocating to section 8 approved housing nearby.

14 comments:

  1. with the new shtik at the zoning board prices will shoot up again because it will take years for anyone to afford a house that hasnt yet gotten aprovals. no more basements!

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    1. What happened last night at the planning board. Did they say no basements?

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  2. There is going to be a crisis in lakewood soon, as many home owners rely, on high and constant (little or no vacancy) basement renters, however with all the people moving in from Brooklyn, they are buying houses but not filling up basements, in other words there will soon be way more "upstairs owners" than "basement renters". This is besides the capital hotel with it's 100 apartments to flood the market soon.

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  3. Watch how many people won't be able to afford their mortgage....

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  4. There was a meeting at Rav Malkiel house where he called all the builders and read them the riot act.

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    1. too little and definitely way too late.
      The alcohol feels good till you start realizing they're preparing gurney

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  5. BMG IS Building 1 Thousand and 500 new apartments on ave of Americas on Cedarbridge avenue

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    1. I know and your the only one that knows about it. so why not keep it a secret forever...

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  6. All the builders?
    i wasnt called

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  7. What would R malkiel have to do with builders??

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  8. Rav Malkiel is a Litvak and Chassidim Feif Un Litvaks who they see as Mardena Americans

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    1. The Hashkafah of the leadership in BMG is more aligned with Chasidim than traditional Litvaks

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    2. This is very true!

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  9. It makes no differance at the end of the day the Bochurim shave their beards, they wear short jackets and talk English and dont go daily to the Mikva so the Chasidim look at the Litvaks the same way the Litvaks look at the Modern Orthodox

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