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Expensive debt, eye-watering broker fees and hefty insurance policies are beginning to weigh heavily on mortgage borrowers who never knew anything other than rock–bottom interest rates.
To the editor: (re: “Broker fee bill bad news for Bronx renters, agents,” Aug. 31) It does feel bleak sometimes living in present-day New York City. We are told that there are no new apartments being built. No room for people who are moving here. And, if you are living in a bad situation — roommates, family, partners, the building is decrepit — it can cost on the low end as much as $6,000 — all cash, no credit — just to move out.
As a real estate agent active in the Bronx for the past eight years, I’ve been proud to help residents find their next apartment here. I also know firsthand the increasing challenges of finding a quality, affordable apartment amid a lack of housing supply.
Rep. Blas Jonathan T. Attao (Ind-Saipan) has introduced a local bill that seeks to appropriate $1.93 million in poker fee revenue to the Saipan Higher Education Financial Assistance program, Saipan
Here, tenants in the competitive Boston rental market may find themselves paying a broker fee equivalent to one-month of rent to secure an apartment – even if they didn’t choose to use a broker in the first place.