Rent

Don't Blame the Rich for High Rents

One common explanation for the high housing costs of New York and San Francisco is that the wealthy are pricing everyone else out of the market.  According to this narrative, there are so many obscenely wealthy people in such cities that developers are only building housing for the rich, thus m... read more »

One reason why NYC is so expensive

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, yo... read more »

Gentrification and rent- a fuzzy connection

One common argument for allowing cities to continue to decay or de-densify is the specter of gentrification: the fear that a retrofitted city might price out the poor. ... read more »

Why the rent is too high

Today I began my apartment search, looking at an apartment in the neighborhood next to mine (a neighborhood less high-income than Forest Hills, Queens, where I now live).  In addition to being in a cheaper area than mine, the building is a fairly long walk to the subway (about 15 minutes, farth... read more »