Proof Housing Market In NYC Is An Actual Disaster
June 21, 2022
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3:47Now PlayingProof Housing Market In NYC Is An Actual Disaster
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as posted by the channelThese scenes from the NYC rental market are an absolute nightmare, with many reporting lines down the block just to view an apartment. Jayar Jackson and Francesca Fiorentini break it down on The Watchlist. Watch LIVE weekdays at noon ET.
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"New York City has more vacant apartments overall than it did five years ago even as units with monthly rents under $1,500 have dried up, according to a new report that also shows maintenance issues are surging across the board.
The highly anticipated 2021 Housing and Vacancy Survey (HVS) arrived a year late on Tuesday, delayed by the pandemic. A 91-page summary analysis of the report from the city Department of Housing Preservation and Development paints a vivid picture of the rental landscape across the five boroughs, the places where renters live — and what they can afford."
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