Originally Posted by
erik123
Sales have dried up to a trickle - prices are plunging. Both for sales as well as rentals. Buy a copy of the real deal if you don't believe me. This is not a good time to be a londlord or seller - and it is severly impacting the conditions you can set as a seller/landlord.
It also all depends on the vacancy rate of that particular property based on location and amenities. I wish my landlord had more vacancies.
As an aside - where do you think those 20,000+ international UN personnel and diplomats live? - most of their housing subsidies are contigent on an ability to break the lease upon transfer.
Too many of them live in my building as they are constantly moving in and moving out and thus tie up the elevators.
People come and go but the entities who pay the rent on these corporate apts do so each and every month, year in and year out.