New Yorkers are feeling the squeeze from the city’s rising rents over the last decade, according to a new report released by Comptroller Scott Stringer. With median rents for one- and two-bedroom apartments increasing 4 percent each year, city dwellers saw a 61 and 53 percent rent increases, respectively, from 2005 to 2017, Curbed reported, citing the report. That comes as incomes lag behind. Over the same time period, typical single-adult households saw a 1.9 […]
source https://therealdeal.com/2019/06/21/stringer-sounds-the-alarm-on-the-housing-affordability-crisis-in-new-report/
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