2007-11-02 06:18:20 · 5 answers · asked by NYTrader55 2 in Business & Finance ➔ Renting & Real Estate
No rent will continue to increase as NYC is one of two places in the US that has continued to grow even though the housing credit crunch has had an effect on the rest of the country. You will probably see NYC rents go up about 9-13% over the next year and will conitnue to do so since NYC is a growing market (and will continue to be for major business).
2007-11-03 04:55:10 · answer #1 · answered by David H 3 · 0⤊ 0⤋
Not likely. Usually when housing prices fall (as they have been recently) rents will start to rise. This is because, as people lose homes and are scared away by the real estate bust, the number of renters will increase, driving up the demand (and therefore price) of rentals. Supply and demand!
2007-11-02 14:06:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Doubtful. Rent and Mortgages don't have any supporting history of going down, except with the occassional dip in the market.
2007-11-02 13:25:26 · answer #3 · answered by Tom C 3 · 0⤊ 0⤋
Sure. When pigs fly. (When they do, better get a good umbrella!)
2007-11-02 13:34:54 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
sure when hell freezes over
2007-11-02 13:51:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋