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Title : "Early in the pandemic, renters flocked to what became known as Zoom towns — midsize cities, like Boise, Spokane, and Bozeman, Mont."
link : "Early in the pandemic, renters flocked to what became known as Zoom towns — midsize cities, like Boise, Spokane, and Bozeman, Mont."
"Early in the pandemic, renters flocked to what became known as Zoom towns — midsize cities, like Boise, Spokane, and Bozeman, Mont."
"But big cities, like New York, Washington, D.C., and San Francisco, found themselves on the receiving end of the exodus. Renters left those urban centers in huge numbers, untethered from their desks and any real reason to stay in expensive, cramped apartments. With vacancies soaring, landlords slashed the asking rents to attract tenants. By the middle of 2021, those deals had largely evaporated and as leases came up for renewal, rents rebounded."Facing massive rent increases, some are doubling or tripling up with roommates, while others are moving to more affordable neighborhoods, fueling competition in areas like Queens, where the number of available apartments fell for the fifth consecutive quarter, to under 9,000, according to StreetEasy....
Commenters over there are not sympathetic. A top-rated one says:
I'm sorry, but if you thought that once-in-a-century deep discounts on rents - during the depths of Covid desolation - were going to continue once the city returned to a semblance of normal, you were deluded. I saw dozens of incredible deals in 2020, and the first-half of 2021, but it was clear this would be a short-term thing - and the cost of moving twice in 12+ months would eat into any financial benefit I'd experience.
Some people in this article gave up plum rent-stabilized spots for these short-term deals? My head spins at the bad judgement.
"But big cities, like New York, Washington, D.C., and San Francisco, found themselves on the receiving end of the exodus. Renters left those urban centers in huge numbers, untethered from their desks and any real reason to stay in expensive, cramped apartments. With vacancies soaring, landlords slashed the asking rents to attract tenants. By the middle of 2021, those deals had largely evaporated and as leases came up for renewal, rents rebounded."
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soared to $4,100 in the second quarter, a record high....
Facing massive rent increases, some are doubling or tripling up with roommates, while others are moving to more affordable neighborhoods, fueling competition in areas like Queens, where the number of available apartments fell for the fifth consecutive quarter, to under 9,000, according to StreetEasy....
Commenters over there are not sympathetic. A top-rated one says:
I'm sorry, but if you thought that once-in-a-century deep discounts on rents - during the depths of Covid desolation - were going to continue once the city returned to a semblance of normal, you were deluded. I saw dozens of incredible deals in 2020, and the first-half of 2021, but it was clear this would be a short-term thing - and the cost of moving twice in 12+ months would eat into any financial benefit I'd experience.
Some people in this article gave up plum rent-stabilized spots for these short-term deals? My head spins at the bad judgement.
Thus articles "Early in the pandemic, renters flocked to what became known as Zoom towns — midsize cities, like Boise, Spokane, and Bozeman, Mont."
that is all articles "Early in the pandemic, renters flocked to what became known as Zoom towns — midsize cities, like Boise, Spokane, and Bozeman, Mont." This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.
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