After offering deep discounts and incentives at the height of the pandemic, now New York City landlords are jacking up rents, pushing out many tenants. New York City’s pandemic rent deals initially sounded like a good idea for many. But as the deals expire, many renters are being priced out of their apartments. New Yorkers are now paying the price of what were known as pandemic-era deals, according to a new report from StreetEasy. The report found that 44% of Manhattan’s inventory was likely made up of tenants being priced out. The Real Deal reporter Sasha Jones called the city’s real estate market a “pressure cooker.” Jones said the rental market is showing no signs of slowing down, forcing some renters to look for affordable units outside of Manhattan. But rents are rising there, too. StreetEasy reported a 9% decrease in available units in Queens from the previous quarter. The report also found that the median asking rent in Queens rose to $2,600 by the end of Q2, a 13% jump from the end of Q1.
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oh, I thought city living was dead. 😂
New Yorkers are buffoon voters who continue to rubber stamp the problem (Democrats) every single election cycle.
NYC is going to be a ghost town at some point.
Atlanta too my rent went up $700+ and they say I have be on month so they can add $300 each month
TOO SMALL & TOO EXPENSIVE
STUPIDNESS! Many people with money around the world want to live in New York City. Give them very easy requirements to immigrate to NYC and that city will grow up in population.
The people who got a really good deal and thought that it would last forever is unrealistic.
Had the pandemic not occur, you would have never been able to move into the city.
When society operates from a profit before people, the people suffer.
We need to figure out a way how we can provide everyone with at least the basics so they can survive.
We need to rethink how we want society to be like.
Every problem that you see can be traced back to money or profit.
Literally all problems. When there's inequality, these are some of the symptoms that you see
“We have landlords who gave up rent for a year and are now seeking to recoup that rent…” yes as they should!! Do you have any idea how expensive it is to maintain an apartment building??? That’s their income/livelihood! Good on the landlords for working on getting their lost and stolen money back!! 👏🏻👏🏻👏🏻
This should be illegal
The fact that people are still moving to NYC is really astonishing.
What a Crappy City.
SHOCKING…the “pandemic eviction relief” plans are backfiring now?! THIS IS WHAT HAPPENS WHEN YOU GET “GOVT RELIEF” so now landlords nationwide have skyrocketed rents to make up for all the people who stayed for FREE months or years 🤷🏼♀️ it’s not just NYC it’s everywhere nationwide.
It's such a dump there… wouldn't live there for free
hate to admit but my previous 2 dumpster size of room (1 single bed and 1 desk could fit only literally ) in QUEENS Not MANHATTAN is $900~up
Couldn’t pay me to live in NYC or any big city.
My husband and I, gave up on having a wedding because the wedding is considered a "luxury" thing now. just renting a small venue is literally 20k and up. instead, we bought a place. A lot of people made fun of us because the interest rate is the highest right now. although we did lock in at 5.50(800 credit score. ) I do not regret it. rent is already way higher than our mortgage. All the people who called us dumb are still wasting money on rent.
This should have been illegal. This is what happens when Fannie and Freddie are under gov conservatorship. None of this was happening when the Fannie and Freddie was part gov and part public entities. Check the data, for real
This is what happens when you continue to support corporate backed politicians.
Well, it's a capitalist market economy…supply and demand. Either America is capitalist free market economy and the landlords just doing whats right for them, or America is a hybrid economy and the government can step in and help the tax payers
This called getting screwed. Even if you can afford the rent you are paying over 50% of your check per year just to live not counting basic bills like water, electricity, cable and internet.
Why not everybody leave the city and make it where no one wants to rent. Then the real estate market would crash.
When will people wake up and realize New York sucks! In every way possible!!!! Get out while you can. When the police force collapses, you’re going to regret you missed your chance.
The rat population is growing in New York City
Landlords set the price, but tenant decide what the market price they are willing or able to pay. Most people have budgets for rents based on their salaries
The UN: Housing is a human right.
The USA: We agree!!!
Also the USA: If you can't afford a home, you don't deserve one.
But…. The pandemic isn’t over
You live in hell what do you expect? Lol.
Crazy how nyc prices are starting to look similar to places in Fl 👀
… so we're going to ban air B&B's in nyc where they are taking up real housing, right?
Anybody who thought they were be living in Chelsea. At. Less than. Atleast $2500 or more. You were following yourself ..now alot of people who are getting kicked out Manhattan are trying to move to Brooklyn mostly. Good luck with that
As long as the term of the lease was honored what is the problem? The contract was fulfilled. This is happening all over the country. You got a good deal during the pandemic. Doesn't mean it's going to last forever. If you don't like rent hikes then buy a house. If you can't afford to buy in New York then move somewhere cheaper. Life is all about choices and tradeoffs. I'm so tired of hearing these entitled people thinking everything should be free for them.
The government must print more money
It’s incredible as a 24 year old watching the government running my country attempt to help its people during a global crisis, switch leadership in the middle of said crisis, and said new leadership then proceeding to swipe those the crisis crippled under the rug of “economic inflation” while the dust settles. It’s heinous and I dare say criminal. As an American, I feel abandoned by my leadership.
Horrible city to live in. The money you make is pay via tax and livening maintenance. Also the whole city is humid. sticky to just to travel
She should of stayed in jackson heights the rents are more reasonable. That should be illegal to raise rent 65%
It’s poverty even with a good wage. NY is toilet
Good! The landlords got screwed
greedy landlords
LOL New York is overpriced and over hyped. Also overrated 😂
Lissette did an excellent job.