amNY reports:
Manhattan's overheated rental market is beginning to cool off, according to a new report issued by The Real Estate Group, a local brokerage firm.
But some New Yorkers who are looking for a reasonable rental in the city found that hard to believe.
"It's been extremely cutthroat," said Dalia Vann, a 19-year-old anthropology student at the New School. She said she had wanted to find a studio downtown for under $1,200 but nothing had turned up after 15 days of looking.
Don't tell that though to Dana Epstein, 22, a recent college graduate from Boston who moved to the city this summer to take a job with an executive recruiting firm.
She and a friend from college found a place in Hell's Kitchen for $2,250 a month -- plus a $4,000 broker fee -- only to have it swiped out from under them by two European exchange students willing to pay a whole year's worth of rent upfront.
Are those really the two most sympathetic cases
Tuesday, August 21, 2007
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