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Episode 3: The New York Housing Crisis.
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Housing is considered affordable when it costs about one third or less than a person’s total income, but in New York, people are often shelling out a lot more than that. New York City is an expensive place to live. This much is obvious. But in the months since the city has emerged from the doldrums of Covid-19, this feels especially true.
In this episode I look at rent controls, Laws, vacant appartments, and reasons why the housing stock lags so behind the demand for it, and the ever rising number of people wishing to live and work in this Great town which causes rents to skyrocket.
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