2 REMB THE NEW YORK TIMES, SUNDAY, JUNE 28, 2020
Source: Zillow THE NEW YORK TIMESGreatest Generation Z
Rent Losses, in Dollars
Greatest Generation Z
Rent Losses, by Share
LOST
RENT IN
CITY MILLIONSSHARE OF
TOTAL RENT
LOSTNew YorkLos AngelesChicagoDallasWashingtonBostonSan FranciscoSeattleHoustonSan DiegoUnited States$44$36$19$19$18$17$15$15$13$12$7260.80.91.31.41.31.51.01.51.21.31.4%LOST
RENT IN
CITY MILLIONSSHARE OF
TOTAL RENT
LOSTBlacksburg, Va.Bloomington, Ind.State College, Pa.Morgantown, W.Va.College Station, TexasWest Lafayette, Ind.Columbia, Mo.Bloomington, Ill.Iowa CityAuburn, Ala.$1.4$1.5$1.3$1.0 $2.6$1.4$1.5$0.9$1.1$1.05.75.65.25.25.14.94.74.64.54.5%A record 32 million American adults
were living with their parents or
grandparents in April, according to the
latest American Community Survey
from the U.S. Census Bureau, an in-
crease of 9.7 percent over a year ago.
The data, analyzed by Zillow re-
searchers, showed that 2.7 million
adults moved back home in March and
April, and that about 2.2 million of
them were age 18 to 25 — also known
as Generation Z.
The trend began well before the
pandemic for what has been called the
“boomerang generation,” and these
returning adult children and their
parents have been known to clash as
they face the challenges of navigating
their new adult relationships.
Landlords, however, have a problem
that family meetings can’t solve: lostMore Adults Live With Parents
rent. Gen Zers who returned to their
childhood bedrooms in March and
April represent lost rental revenue of
$726 million a month, the survey
shows.
While that figure is only 1.4 percent
of the total U.S. rental market, losses
affect some landlords and areas dis-
proportionately.
This week’s chart, drawn from data
provided by Zillow, shows the cities
with the greatest dollar losses (New
York topped the list, along with other
large, expensive cities), as well as
those with the greatest share of the
market affected (overwhelmingly,
college towns). Should at-home learn-
ing continue, college-town economies,
and landlords, will suffer further.
MICHAEL KOLOMATSKYCalculatorBack Home Again
Even though New York is now in Phase 2 of
its reopening process, the board of my
Manhattan co-op is still following strict
rules about vendors and visitors. All guests
have to fill out a form providing their name
and address, and answer personal questions
about the reason for their visit, the state of
their health, and even the mode of transport
they used. Housekeepers, dog walkers and
nannies still can’t come in at all. Is the board
allowed to be this invasive and restrictive?New York City has begun the slow process
of reopening, but reopening does not mean
a return to normal. This next phase will
look quite different from the city we knew
before the shutdown.
The state’s guidelines set minimum
requirements for buildings, adding that
owners are “free to provide additional
precautions or increased restrictions.” The
guidelines require buildings to screen all
visitors with a questionnaire that asks
about Covid-19 exposure. So your co-op’s
form sounds like one that is in line with
current rules, even if it may seem prying.
Both the state and the Real Estate Board
of New York recommend restricting non-
essential visitors. Since the recommenda-
tions do not clarify whether dog walkers,
housekeepers or nannies are essential,your building has wide latitude there.
“Yes, things are beginning to open up,
but we’re living under certain restrictions,”
said Phyllis H. Weisberg, a real estate
lawyer and partner in the New York City
office of the law firm Armstrong Teasdale.
“I’ve been speaking with lots of boards, and
they’re wrestling with these issues. They’re
not black-and-white issues.”
Some buildings have been letting house-
keepers in for weeks, while others haven’t
loosened their restrictions at all. “In most
instances, boards have taken a more con-
servative approach,” said Daniel J. Woll-
man, the chief executive of Gumley Haft, a
property management company, adding
that boards can enact policies that are
more stringent than city or state rules.
Ask your board and managing agent to
provide you with clearer guidance and a
better sense of the timeline. When do they
plan to start letting vendors back in, and
under what conditions? You and your
neighbors should be able to start planning
for that date, so you can inform your serv-
ice providers of the new protocols. As peo-
ple return to work, they are going to need
nannies and dog walkers again.
“Certainly as New York City opens up,
you’re going to have people going out and
going to work, the buildings will be more
open to the outside world,” Ms. Weisberg
said.RONDA KAYSENCan Housekeepers Enter My Co-op?
That Depends on Your Board’s Rules
NADIA PILLONAsk Real EstateThe Coronavirus Reopening
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