Recent reports have highlighted New York City's growing security deposit costs, a price that is making it that much more difficult to find an affordable place. For those in the luxury market, a more costly home usually means a more costly deposit.
"I think for the most part everybody expects they’ll be paying a security deposit,” said Mirador C.O.O. Melissa Noblit. “But you’ll definitely see listings advertised with no security, or reduced security for well-qualified applicants.”
To read more expertise, find the full Real Estate Weekly article here.
