I know friends and family, whom have ended up homeless and living in their car, because either they didn’t have the credit score or three way fee to acquire an apartment in NYC. I think it’s atrocious how your expected to come up with three times the rent, sometimes even four just to move into an apartment. The realtor fee being the same exact amount as the rent, is excessive. I understand maybe half or a percentage. For example you could be looking for a 3 bedroom apartment, and the listings are going for 2300$. Then having to pay that 3 ways, that’s damn near a down payment for a house. Bad enough rent prices are so high , to live in a tiny apartment, where utilities aren’t always included. GIVE US NYERS A BREAK!
Then this credit score fiasco, if you don’t have a foreclosure or repossession, nor any previous apartment balances on your credit. Why does your score have to be 700 plus to get an apartment. You are not buying the property, nor renting with the option to buy. I think it’s ridiculous what’s happening. The mayor, governor whoever needs to do something to help NYERS afford to move into a simple over priced box.