Moving to New York City is expensive. When you’re looking to find an apartment, most of the time you’re forced to pay a broker 15% of your first year of rent (around $3,000 based on the average rent in NYC). Why not just skip the broker and go straight to Craigslist? Fake listings are often made by brokers to attract prospective tenants to call them and offer their “real” listings (there’s more…but we’ll leave it at that). Yet, despite the high demand for rentals, the median vacancy period in the rent capital of the world is nearly a month. Something’s missing here.
January 31, 2015 4:24 pm
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