"When rents skyrocket amidst a severe shortage of affordable housing and a shredded safety net, more people become homeless. It really is that simple—and preventable."
“Across the country, low-income renters are in an even worse situation than before the pandemic due to things like massive increases in rent during the pandemic, inflation and other pandemic-era related financial difficulties.”
The study is the latest piece of evidence to demonstrate the depth of New York City’s affordability crisis, which is reshaping local demographics and culture.
After surviving the worst of the pandemic, the city now faces budget cuts that seem to promise even more disruption. The average rent of a Manhattan apartment is now reaching $5,249 a month, an increase of nearly 20 percent over the previous year.
To challenge the GOP and corporate media narrative on inflation, start with exposing the underreported causes, identifying those exploiting rising prices, describing why the conservative fix of jacking up interest rates will cause far worse pain
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