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When Enough is Enough. Rent, That Is.

March 6, 2007

Here's another interesting rent v. own article from the New York Times. Just where is the Chronicle with anything other than gloom and doom? Send me an article, people, please!

Read on for: When Renters Reach the Breaking Point! "WHETHER they preferred apartments uptown or downtown, walk-up or doorman buildings, and old or new construction, many New Yorkers  agreed on one thing about the Manhattan real estate market in the last year: it was safer to rent than to buy.

Some feared that if they bought, the market would fall. Others simply put off the hassle of buying for as long as they could. Not surprisingly, the situation has given landlords the upper hand, and the opportunity to raise rents significantly on market-rate apartments in the face of one of the tightest markets in many years.

Now, many tenants are crying uncle... 'When you buy, you're expecting to pay a little bit more because you want better for yourself, she said.  When you include the tax write-off, it came closer to his rent." Read the entire article HERE.

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View Full Street Address SAN FRANCISCO, CA 94114 (415) 528-7355 ©2007 VIVRE REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED AND SHOULD BE INDEPENDENTLY REVIEWED AND VERIFIED.
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