Wednesday, April 23, 2014

Scott Stringer: City’s rent went up 75 percent between 2000 and 2012

At this point, living in New York and complaining about the rent go so hand-in-hand that you’d think someone passed a law requiring we all do that. But, we always welcome a new voice to the chorus, and today Scott Stringer joined in with a report laying out the stark numbers that the median rent in New York City as a whole went up 75 percent between 2000 and 2012. Since the rent in the rest of the country went up only 44 percent in that same time period, this is officially a big freaking deal. What caused this rent spike, gentrification? Well actually no, according to Stringer’s report as reported by Capital New York, the number of households making $100,000 or more only grew by 43,000 in the thirteen years the report covered. Which is a lot, but not as many new housing units the city built in that… Read More


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