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Category Archives: Landlord–tenant law

Rental Insecurity: Survey Finds 1 In 5 American Renters Missed A Payment In Past 3 Months

A new survey conducted by recently found that Americans, despite historically low unemployment levels and surging stock indices which would both seem to suggest that ‘everything is awesome’, are having a very difficult time making ends meet.  Per the survey, some 20% of renters admit they were unable to make their monthly payments on […]

The American Dream, Twice Removed

I can’t avoid linking that to earlier periods of American poverty (see the photos below), says The Automatic Earth's Raul Ilargi Meijer, times in which ‘leaders’ thought it appropriate to let large swaths of the population live in misery, so everyone else would think twice about raising their voices. A tried and true strategy. But […]

NYC Rents No Longer ‘Too Damn High’ As Landlord Concessions Soar

After years of gouging the precious, Ivy League snowflakes that flood Manhattan every summer with nothing but their $10 million inheritance checks, a dream and the Faconnable shirts on their back, New York City landlords, courtesy of the flood of new apartment supply coming online, are being forced to offer record-high rent concessions to attract […]

Soaring Lease Returns Set To Wreak Havoc Used Car Pricing and Auto Industry Profits

For months we’ve warned that declining used car prices could spell disaster for subprime auto securitizations (see “Slumping Used Car Prices Spell Disaster For Subprime Auto Securitizations“).  While it’s always difficult to predict the exact timing of when bubbles will burst, a combination of record-high lease returns in 2017 and 2018, combined with rising interest […]

More Troubling Signs For NYC Real Estate As Rent Concessions Soar

The October 2016 Douglas Elliman Real Estate Guide for Manhattan reveals some fairly startling hints about the “health” of NYC real estate.  For months we’ve been writing about the soaring capacity of luxury apartment buildings in New York City and it looks as though that capacity influx is starting to take a toll as the […]