A Hoboken Renters Big Mistake

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A Hoboken Renters Big Mistake

You’ve heard the cliche Too Smart For Your Own Good or As easy as sliding off a greasy log backward. (Actually, I have no idea about that last one but made me laugh.) Well here is a true Hoboken tale from the front that occurred awhile back this winter.

It might have been cold outside but the Hoboken rental market was heating up. Everything getting gobbled up. Prices rising faster than a gallon of gas. Landlords just waiting for people to move so they could jack up those market rate rents.

One renter I know, thought they might get cute. Without doing his homework and without a lease, he asks the landlord for a reduction in the rent. Did I mention the rent was more than 10% below market.

You all know the end of this story. It’s bye-bye Mr. I want to save $100 a month and hello I can’t believe I am living in The Heights for the same price.

Lesson: Always check with your local expert before flying off the handle or you might just find yourself taking the 9th Street Wonkavator each morning.

A Hoboken Renters Big Mistake

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