You will be redirected in 15 seconds, or continue now.

''

Close Stay up-to-date with
Observer.com Newsletters
Sign up for Observer Newsletters!
RSS Feed
The New York Observer

39 of You Will Fail

View Story On One Page View Story On One Page Print This Story Print This Story Share This Story Share This Story
January 7, 2008 | 4:04 p.m

A totally anecdotal tale we've had with us all day:

We were walking out of our apartment building in Morningside Heights (the area around Columbia University) on Sunday when we encountered a crowd of roughly 20 people streaming into and out of a first-floor apartment. They were young and eager...

And merely the first clump of people we encountered, for outside, spilled onto the sidewalk were another 20 or so people. They were waiting to view the apartment up for lease.

That's right: 40 people, 1 apartment.

That is the New York rental market right now and it will likely be so for much of 2008.

Post a Comment The Discussion