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06.04.20, 00:40 AM General Topics
46 replies
All of this talk of people fleeing the city for the burbs- where are their apartments?! The apartments my realtor is sending me are the same ones I saw and passed up last spring. Where are the new listing?? [ Reply | Watch | Flag ]
General Topics 06.04.20, 12:40 AM Flag
 

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A lot of people are able to leave quickly because they rent, they don't own (probably to their relief). [ Reply | More
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General Topics 06.04.20, 12:50 AM Flag
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This [ Reply | More
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General Topics 06.04.20, 12:52 AM Flag
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Yes, I see a lot of 2 and 3BD, also townhouses for rent. People who own are not going to just get up and leave. But the sales will have to start coming at some point. [ Reply | More
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General Topics 06.04.20, 01:10 AM Flag
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They are rentals [ Reply | More
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General Topics 06.04.20, 12:52 AM Flag
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I think the fleeing is greatly exaggerated. [ Reply | More
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General Topics 06.04.20, 12:57 AM Flag
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No way. Everyone I know is leaving. [ Reply | More
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General Topics 06.04.20, 01:00 AM Flag
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I don’t believe you [ Reply | More
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General Topics 06.04.20, 01:07 AM Flag
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Lol, everyone? [ Reply | More
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General Topics 06.04.20, 01:07 AM Flag
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+1 at least 20% so far of the families I know from nyc and that's likely underestimated. [ Reply | More
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General Topics 06.04.20, 01:11 AM Flag
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Loads are leaving for July and August. They'll be back. [ Reply | More
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General Topics 06.04.20, 03:22 AM Flag
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yes, we left and will be gone until Sept 1 but not ready to give up on the city yet [ Reply | More
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General Topics 06.04.20, 01:31 PM Flag
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Me too tons [ Reply | More
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General Topics 06.04.20, 03:35 AM Flag
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People aren't selling. They're just relocating for now. [ Reply | More
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General Topics 06.04.20, 01:03 AM Flag
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This exactly. No one I know is selling. [ Reply | More
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General Topics 06.05.20, 05:55 AM Flag
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I don’t think buildings are letting people in. So brokers can’t get pics and harder to get stuff on market [ Reply | More
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General Topics 06.04.20, 01:06 AM Flag
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That makes sense [ Reply | More
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General Topics 06.04.20, 01:47 AM Flag
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no one is listing right now. people are likely renting in the burbs. crazy to try to sell atm [ Reply | More
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General Topics 06.04.20, 01:11 AM Flag
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DH’s mom is a broker in the burbs and said lots of people renting for now. It’s too hard to buy right now and people want to make sure they are in the right place to make that commitment. Also inventory is very low. [ Reply | More
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General Topics 06.04.20, 11:53 AM Flag
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I'm not sure what suburb you are talking of. There is a lot of inventory in the suburbs north of the city. [ Reply | More
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General Topics 06.04.20, 08:37 PM Flag
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Broker mom: We're still on PAUSE (per Cuomo) so I am telling my clients not to list yet. They'll come, I promise. Although honestly what will come onstream are going to be the apartments that people judged too small or too flawed to shelter-in-place. You won't see many well-renovated Classic Sixes. [ Reply | More
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General Topics 06.04.20, 01:25 AM Flag
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OP- We’re 1st time buyers, so not looking for our forever home, just a place we can start our family. I’m aware of the limitations of our budget (< $2M, but ideally closer to $1.5). I just want to see something new come up in my Compass feed! [ Reply | More
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General Topics 06.04.20, 01:41 AM Flag
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We’ll be listing our 3 bd / 2 bath on the UWS at around1.9m in a few weeks. West end in the low 70s [ Reply | More
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General Topics 06.04.20, 02:50 PM Flag
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I will look out for it! [ Reply | More
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General Topics 06.04.20, 05:41 PM Flag
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what's your sq footage? [ Reply | More
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General Topics 06.04.20, 05:57 PM Flag
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Also, how far are you from the subway station (which one)? [ Reply | More
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General Topics 06.04.20, 05:58 PM Flag
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not PP but from low 70s west end seems like the 72nd street 1/2/3, which is at the broadway/amsterdam intersection, would be closest [ Reply | More
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General Topics 06.05.20, 12:34 AM Flag
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Can someone link me to a well-renovated classic six? I'm not in nyc and would like to see one. [ Reply | More
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General Topics 06.04.20, 03:23 AM Flag
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I’ll sell you my apartment- we fled in early March and can’t see when we will be back. [ Reply | More
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General Topics 06.04.20, 01:28 AM Flag
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Neighborhood? Beds/baths? [ Reply | More
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General Topics 06.04.20, 01:47 AM Flag
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We are deciding what to do. Likely will rent out our two bed two bath once dcs schools say def virtual for the fall [ Reply | More
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General Topics 06.04.20, 01:41 AM Flag
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ditto. we have a 3br/2bath and are considering renting it out, but will likely not since at some point I will need to be in the office sometimes. [ Reply | More
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General Topics 06.04.20, 02:54 AM Flag
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who is going to rent your place. Anyone that can is leaving for now [ Reply | More
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General Topics 06.04.20, 01:36 PM Flag
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It's easier to list a rental now, but no one will list an apartment to sell. Hard to have open houses, everyone is sort of waiting to see what direction things go. I also know quite a lot of people here in Brooklyn who bought before the boom in prices and prefer to hold on to their places and try to rent them out. [ Reply | More
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General Topics 06.04.20, 02:43 AM Flag
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OT: something gross I want to mention is that apparently when apts are left empty, bugs may show up through the pipes. You have to routinely run the water. [ Reply | More
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General Topics 06.04.20, 03:52 AM Flag
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Nooo! Out of 16 apartments, 4 are empty now in our building. [ Reply | More
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General Topics 06.04.20, 03:55 AM Flag
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I know. It’s so gross. I never knew but building manager sent out an email about it. Come to think of it, once we were gone on vacation for 3 weeks and there was a big (water) bug?? in the toilet. Must be a thing. [ Reply | More
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General Topics 06.04.20, 04:02 AM Flag
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^^and I’ve never had a bug problem in our apt [ Reply | More
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General Topics 06.04.20, 04:03 AM Flag
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That's why we've been sending nice checks to our super to look after our apartment and water plants while we are gone. [ Reply | More
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General Topics 06.04.20, 11:24 AM Flag
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Man, I would not want anyone to have keys to my apt if I were to be out of town for an extended period of time. You are more trusting than I am. [ Reply | More
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General Topics 06.04.20, 01:28 PM Flag
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+1 [ Reply | More
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General Topics 06.04.20, 02:51 PM Flag
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Unless they were already planning to go to the burbs at some point, they're crazy to make such a jump. Right now won't last forever, but you might be stuck in a town you realize is a poor fit for a long time. [ Reply | More
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General Topics 06.04.20, 02:57 PM Flag
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I think the people making the jump are parents of ES-aged kids who were on the fence or planning anyway. The school lottery process is the last nail. Mine are in MS and I struggle with deciding to uproot them now. But one will never make it on SHSAT, if they even keep SHS. So I am leaning towards leaving too. [ Reply | More
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General Topics 06.04.20, 03:14 PM Flag
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^^And if you wanted to leave, the time is now before prices have jumped even more. I would have been looking in April to buy. [ Reply | More
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General Topics 06.04.20, 03:15 PM Flag
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In terms of apartment sales I doubt you even see many new listings before the fall. Then it will take another six months before sellers get a sense of where the market really is and for prices to adjust. [ Reply | More
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General Topics 06.04.20, 07:00 PM Flag
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everyone who "fled" NYC is at their country house, or doing an air bnb for the spring/summer. A ton of young NYkers who rent are just not renewing leases, and many moved back home temporarily with family. Job status is tenuous for a lot of people, so no one is making huge moves unless it was already in the works. NYC was getting to be impossible to afford for young families. Good public school zones are so exp, you may as well move to the burbs and get a decent house if you cant afford private. But NYC only closed down 3 months ago, so it will take time [ Reply | More
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General Topics 06.04.20, 10:39 PM Flag
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and i say this as a native NYker who isnt moving. Friends who moved in the past 2 years all lived in great neighbs in Bklyn but didnt have room for the 2nd kid! They didnt want to leave, but their rentals were like $1m to buy and for $500-600k they could buy a big house in NJ [ Reply | More
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General Topics 06.04.20, 10:42 PM Flag
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