I did mention a little while ago that we were in the apartment search mode for my wife's son. His current lease is expiring at the nd of this month and he expressed his desire that he would like to move to another neighborhood.
Well, the search had been going on for a while with mixed success. It seem there are plenty apartments available but to find a suitable one is another story.
At first he wasn't sure where he would like to stay. Brooklyn or Queens. We naturally favored Queens but getting a good neighborhood is not that easy.
We almost found a gorgeous apartment but somebody beat him to the punch its some cash and they gave it away. Very unprofessional and disappointing.
But we didn't give up and continued the search and it seems that at the end we all prevailed. The young man yesterday signed a lease on a very nice apartment in a good neighborhood. Not very close to us but not at the other end of the world either.
My observation to the entire rental process is and most of the renters, brokers operate this way that they are asking more questions than I was asked when I purchased my new apartment.
The financial situation, the credit standing, the job situation, marital status, education etc. It is unbelievable how much they want to know.
There are two major real estate companies who own two large apartment house developments require 70 times the monthly rent in the bank. Why? People take one or two year leases. That is 12 or 24 months. What is the purpose of a 70 times security?
I think because earlier they got all kinds of shit people in and now they are trying to elevate the level of residents with high requirement.
God bless capitalism, Bernie Sanders looks better and better!
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