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One reason why NYC is so expensive | Congress for the New Urbanism

One reason why NYC is so expensive

MLewyn's picture
Submitted by MLewyn on Wed, 05/07/2014 - 6:00pm

Between 2000 and 2010, the number of renter-occupied housing units in New York increased by only 1.8 percent, while the number of households increased by 2.9 percent.  I would imagine that if you add that to the increased demand arising from the post-recession difficulty of financing a home, you should have expected zooming rents, which is of course exactly what New York has.

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