How's the economy where you are???

[rjgoos]

How's the economy where you are?

I would have to say that things are slowing down here in the North. Houses that are "for sale" are staying that way for months (and months) instead of weeks. New and used car lots (for brands like Ford or GM) are so full with unsold cars, that there is no place for a customer to park. Help wanted ads still seem fairly abundant, so that is a good thing....but I'd say that the economy is slowing down here in North Dakota.

Just curious what your observations are. Thanks.


Jay

[jamsire]

People are so desperately broke here in NYC that they get houses with small apartments and charge THEIR mortgage for rent - when the >>apartment<< is a quarter size of the main apartments.

Then, everybody wants to see your credit report, bank, statements (the nerve!), W2's, employment records, BACKGROUND CHECKS, etc. just to see if you can pay their mortgage. Even if you provide a authentic ORIGINAL credit report for their review - they want to still charge $20-50 for them to run their own credit report from the same agency, just to turn you down and make up to $50 on a bogus application fee. Then, some people want 3 months rent upfront - so imagine a one-bedroom going $1600 - yes - $1600!

Just check out craigslist New York, and look at apartments by owners only.

New York rent is worse than it has ever been.

Yuk.:mad:

[rjgoos]

Originally posted by jamsire
People are so desperately broke here in NYC that they get houses with small apartments and charge THEIR mortgage for rent - when the >>apartment<< is a quarter size of the main apartments.


Having never been to that part of the world...is this a new phenomenon? I thought that rent in NYC was always terribly high....or have things gotten much worse recently?

Sounds awful.


Jay

[jamsire]

But lately, people are being priced out of even small places. Manhattan is no longer cool - the outer regions like Brooklyn, Queens, and even my former home Staten Island are just getting WAY TOO HIGH IN RENT!!

But we try. Salary increases are once every four to five years after heated contract debates, etc. So everything just becomes - annoying.

Upstate NY like Albany, Buffalo, Rochester etc. suffer greatly from a depressed economy. Major companies like Xerox and Kodak moved out a long time ago.

Sad indeed.:(