- The economic crisis has opened up opportunities for apartment tenants because inventory of vacant apartments is expanding.
"Of course, your ability to hold on to an apartment—especially a luxury unit—depends on how secure you feel about your own job. Americans lost about 2.6 million jobs in 2008 (mostly in the final quarter of the year) and are likely to lose millions more this year. They are losing money on stocks and other
investments and are cutting back on costs by downsizing and moving in with family members or roommates as they hunker down for a deep recession."
Advice? If you have a job, sign the longest lease possible.
Read more here.
Vested Title Inc., 648 Newark Avenue, P.O. Box 6453, Jersey City, NJ 07306
Tel 201-656-9220. Fax 201-656-4506
E-mail vti@vested.com - www.vested.com
Posts
No comments:
Post a Comment