by newera_212 » Fri Jan 20, 2023 8:52 am
CornerBoy wrote: ↑Fri Jan 20, 2023 8:25 am
11K/month isnt as impressive as a person outside of NYC would think. i would think thats like renting a 2M apt, pls correct me if im wrong on if the two are commensurate or not.
Blog about tourist attractions? sounds interesting. LInk?
How you know bout beef w pennissi the guy who said the earth was shaking?
Good entry, newera- you usually have similar takes as me on this stuff
I know there are obviously more expensive places but $11K/month on rent in Manhattan is still pretty high. Those newer luxury high rise rentals have insanely strict rules that are set up to weed out anyone remotely illegitimate. Those types of places usually don't allow for
- rent to be paid in cash
- rent to be pre-paid (i.e. "let me pay 6 months up front")
- any blemishes on credit report no matter what the excuse (no "oh I got hit hard in a divorce, but I have money now...")
And they almost always need proof that you have an active income on paper - not assets or a bank account snapshot - equivalent to 40x the monthly rent, annually
They don't care who you are or who you know. Unless you're greenlighted by the owner of the place or you're an employee of the company that owns it, 99% of the time you're not bypassing those rules
Over COVID when things were slower in the high-end rental market those could have been a little lax, but even in those cases instead of easing up on the rules or lowering the rent, they'd throw in a month for free (and extend the lease; 1 month free on a 13 month term)
So this Cherichio had to have had his shit together on paper, or more than likely - the apartment was under someone else's name . But $11K/month just on rent is a pretty crazy nut to come up with. Most reasonable people with money would assume to buy something if they were going to spend that much each month, and at least get an investment opportunity, the chance to rent it to someone else, equity, etc. - plus this guy had a home on Staten Island that he lived in, so this $11K/month spot in the city was more or less a crash pad. Not unheard of for someone in the boroughs with money to rent a small place in the city just to have, but $11k/month? That's kind of insane. He must have been pulling down huge money from everything he had going on
[quote=CornerBoy post_id=249194 time=1674228347 user_id=5642]
11K/month isnt as impressive as a person outside of NYC would think. i would think thats like renting a 2M apt, pls correct me if im wrong on if the two are commensurate or not.
Blog about tourist attractions? sounds interesting. LInk?
How you know bout beef w pennissi the guy who said the earth was shaking?
Good entry, newera- you usually have similar takes as me on this stuff
[/quote]
I know there are obviously more expensive places but $11K/month on rent in Manhattan is still pretty high. Those newer luxury high rise rentals have insanely strict rules that are set up to weed out anyone remotely illegitimate. Those types of places usually don't allow for
- rent to be paid in cash
- rent to be pre-paid (i.e. "let me pay 6 months up front")
- any blemishes on credit report no matter what the excuse (no "oh I got hit hard in a divorce, but I have money now...")
And they almost always need proof that you have an active income on paper - not assets or a bank account snapshot - equivalent to 40x the monthly rent, annually
They don't care who you are or who you know. Unless you're greenlighted by the owner of the place or you're an employee of the company that owns it, 99% of the time you're not bypassing those rules
Over COVID when things were slower in the high-end rental market those could have been a little lax, but even in those cases instead of easing up on the rules or lowering the rent, they'd throw in a month for free (and extend the lease; 1 month free on a 13 month term)
So this Cherichio had to have had his shit together on paper, or more than likely - the apartment was under someone else's name . But $11K/month just on rent is a pretty crazy nut to come up with. Most reasonable people with money would assume to buy something if they were going to spend that much each month, and at least get an investment opportunity, the chance to rent it to someone else, equity, etc. - plus this guy had a home on Staten Island that he lived in, so this $11K/month spot in the city was more or less a crash pad. Not unheard of for someone in the boroughs with money to rent a small place in the city just to have, but $11k/month? That's kind of insane. He must have been pulling down huge money from everything he had going on