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	<title>Observer &#187; Renting</title>
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		<title>Observer &#187; Renting</title>
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		<title>Site Unseen! Renters So Desperate, They Sign on the Floor Plans</title>

		<comments>http://observer.com/2011/10/site-unseen-renters-so-desperate-they-sign-on-the-floor-plans/#comments</comments>
		<pubDate>Wed, 19 Oct 2011 10:08:45 -0400</pubDate>
					<link>http://observer.com/2011/10/site-unseen-renters-so-desperate-they-sign-on-the-floor-plans/</link>
			<dc:creator>Elise Knutsen</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=192389</guid>
		<description><![CDATA[<p><div id="attachment_192425" class="wp-caption alignleft" style="width: 310px"><a href="http://nyoobserver.files.wordpress.com/2011/10/205-water-street-092711-e1319033563259.jpg"><img class="size-medium wp-image-192425" title="205-water-street-092711" src="http://nyoobserver.files.wordpress.com/2011/10/205-water-street-092711-e1319033563259.jpg?w=300&h=200" alt="" width="300" height="200" /></a><p class="wp-caption-text">I&#039;ve seen enough. I&#039;ll take it! (Brownstoner)</p></div></p>
<p>Everyone hates apartment hunting. Spending precious Sundays crisscrossing the city to look for the perfect place is certainly not <em>The Observer's</em> idea of a good time, and it seems that others agree. More and more <a href="http://online.wsj.com/article/SB10001424052970204346104576639193043719106.html?mod=WSJ_NY_RealEstate_LEFTTopStories">renters are putting down deposits without even seeing their future digs</a>, <em>The Wall Street Journal</em> reports.<!--more--></p>
<p>Eager renters hoping to get into the best new developments have proved willing to plunk down cold hard cash without ever having set foot on their desired properties. Developers have been advertising apartments in unfinished buildings, perhaps eager to seal deals as early as possible in the uncertain economic climate.</p>
<blockquote><p>For developers, renting or selling units in an unfinished building  usually means fetching a significantly lower price, unless demand is  especially frenzied.</p>
<p>During the condo boom in 2006 and 2007, for example, competition for  units in some buildings was so intense that buyers were snapping up  units sometimes years in advance  based on sparse floor plans rather  than risk being shut out by waiting.</p></blockquote>
<p>According to <em>The Journal</em>, however, rents are close to what they were back in the flush times of 2006 and developers are willing to risk marketing uncompleted properties. Still, most people aren't willing to shell out safety deposits without experiencing atmosphere of a new apartment.</p>
<blockquote><p>"The rental customer—they like to stand in it, like to touch it and see  it and feel it. They want to see that their furniture is going to fit  and they want to see if that's the view they expected," said Clifford  Finn, president of new-development marketing at Citi Habitats. "I'm not  sure that people are that willing to take that leap of faith today."</p></blockquote>
<p>For some luxury apartment buyers, however, time is money, and wasting it touring new homes simply won't do. For bigwigs with hearts set on specific new buildings, buying off floor plans may just make sense. For the rest of us, however, it looks like apartment hunting will remain the same time old misery for the foreseeable future.</p>
<p><em>eknutsen@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_192425" class="wp-caption alignleft" style="width: 310px"><a href="http://nyoobserver.files.wordpress.com/2011/10/205-water-street-092711-e1319033563259.jpg"><img class="size-medium wp-image-192425" title="205-water-street-092711" src="http://nyoobserver.files.wordpress.com/2011/10/205-water-street-092711-e1319033563259.jpg?w=300&h=200" alt="" width="300" height="200" /></a><p class="wp-caption-text">I&#039;ve seen enough. I&#039;ll take it! (Brownstoner)</p></div></p>
<p>Everyone hates apartment hunting. Spending precious Sundays crisscrossing the city to look for the perfect place is certainly not <em>The Observer's</em> idea of a good time, and it seems that others agree. More and more <a href="http://online.wsj.com/article/SB10001424052970204346104576639193043719106.html?mod=WSJ_NY_RealEstate_LEFTTopStories">renters are putting down deposits without even seeing their future digs</a>, <em>The Wall Street Journal</em> reports.<!--more--></p>
<p>Eager renters hoping to get into the best new developments have proved willing to plunk down cold hard cash without ever having set foot on their desired properties. Developers have been advertising apartments in unfinished buildings, perhaps eager to seal deals as early as possible in the uncertain economic climate.</p>
<blockquote><p>For developers, renting or selling units in an unfinished building  usually means fetching a significantly lower price, unless demand is  especially frenzied.</p>
<p>During the condo boom in 2006 and 2007, for example, competition for  units in some buildings was so intense that buyers were snapping up  units sometimes years in advance  based on sparse floor plans rather  than risk being shut out by waiting.</p></blockquote>
<p>According to <em>The Journal</em>, however, rents are close to what they were back in the flush times of 2006 and developers are willing to risk marketing uncompleted properties. Still, most people aren't willing to shell out safety deposits without experiencing atmosphere of a new apartment.</p>
<blockquote><p>"The rental customer—they like to stand in it, like to touch it and see  it and feel it. They want to see that their furniture is going to fit  and they want to see if that's the view they expected," said Clifford  Finn, president of new-development marketing at Citi Habitats. "I'm not  sure that people are that willing to take that leap of faith today."</p></blockquote>
<p>For some luxury apartment buyers, however, time is money, and wasting it touring new homes simply won't do. For bigwigs with hearts set on specific new buildings, buying off floor plans may just make sense. For the rest of us, however, it looks like apartment hunting will remain the same time old misery for the foreseeable future.</p>
<p><em>eknutsen@observer.com</em></p>
]]></content:encoded>
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		<title>Since When Can You Live &#8216;Too Close to the Office?&#8217;</title>

		<comments>http://observer.com/2011/02/since-when-can-you-live-too-close-to-the-office/#comments</comments>
		<pubDate>Mon, 07 Feb 2011 16:17:06 -0400</pubDate>
					<link>http://observer.com/2011/02/since-when-can-you-live-too-close-to-the-office/</link>
			<dc:creator>Matt Chaban</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/2011/02/since-when-can-you-live-too-close-to-the-office/</guid>
		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/cubiclejaydugger_4.jpg?w=300&h=225" />Melissa Tabatabai and David Spevak have a big heart but a bad apartment. The dating couple adopted an abused dog when they moved in together two years ago, but they made an impulse move and their midtown home was drab and dirty, especially the backyard their boxer named Max regularly romped in. A move was in order and became the subject of this week's Hunt column in <em>The Times</em>.</p>
<p>It seemed like the usual standard affair: couple with pet struggles to find pet-friendly home. Yet it turned into something entirely different along the way, presenting <em>The Observer</em>&nbsp;with a housing problem we never knew existed.</p>
<blockquote><p>A place on East 21st Street, renting for $2,400, was well kept. But Mr. Spevak was ambivalent about the loft bedroom, which to him seemed dormlike. Furthermore, the building was too close to his office at a small publishing company. After taking Max for an hourlong morning walk, "I want to take my time going to get an iced coffee or a coffee or whatever" before work, Mr. Spevak said.</p>
</blockquote>
<p>Maybe the Real Estate Desk is biased because we all live in the far reaches of Brooklyn (one of us so far down the N line you can sometimes hear the Atlantic churning upon exiting the train) and it takes us nearly an hour&nbsp;as a guest of the M.T.A.&nbsp;to get to work. Still, it sounds like the boyfriend, and not the dog, is in need of some serious house training.</p>
<p><em>mchaban@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/cubiclejaydugger_4.jpg?w=300&h=225" />Melissa Tabatabai and David Spevak have a big heart but a bad apartment. The dating couple adopted an abused dog when they moved in together two years ago, but they made an impulse move and their midtown home was drab and dirty, especially the backyard their boxer named Max regularly romped in. A move was in order and became the subject of this week's Hunt column in <em>The Times</em>.</p>
<p>It seemed like the usual standard affair: couple with pet struggles to find pet-friendly home. Yet it turned into something entirely different along the way, presenting <em>The Observer</em>&nbsp;with a housing problem we never knew existed.</p>
<blockquote><p>A place on East 21st Street, renting for $2,400, was well kept. But Mr. Spevak was ambivalent about the loft bedroom, which to him seemed dormlike. Furthermore, the building was too close to his office at a small publishing company. After taking Max for an hourlong morning walk, "I want to take my time going to get an iced coffee or a coffee or whatever" before work, Mr. Spevak said.</p>
</blockquote>
<p>Maybe the Real Estate Desk is biased because we all live in the far reaches of Brooklyn (one of us so far down the N line you can sometimes hear the Atlantic churning upon exiting the train) and it takes us nearly an hour&nbsp;as a guest of the M.T.A.&nbsp;to get to work. Still, it sounds like the boyfriend, and not the dog, is in need of some serious house training.</p>
<p><em>mchaban@observer.com</em></p>
]]></content:encoded>
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