NYC Rents Are Crazy! Why is Rent so High in New York City? | Reasons Why Rent is So High in New York

00:00-01:38 - Why is rent so high in NYC?
01:39-02:05 - Types of Apartments (Free Market, Rent Stabilized, Rent Controlled)
02:06-05:45 - Interview with Danielle Greco about experiencing Rent Increases
05:46-07:04 Housing Stability & Tenant Protection Act of 2019
07:05-13:42 - Interview with Jerrod Delaine as an affordable housing developer
13:43-16:39 - Touring a Rent Stabilized Apartment

From rent stabilization to vacancy rates to new legislation, there are many factors at play -
One challenge for renters is that they must earn at least 40 times the rent...

And have you ever heard of the 2019 Bill?

I spoke with real estate attorney Danielle Greco, who faced a drastic rent increase and consequently left the city. Additionally, I interviewed Jerrod Delaine, a developer.

What changes are necessary in the city to lower rents? What are the advantages of rent-stabilized apartments, and is it advantageous to be a developer for affordable housing projects?

Who are mom and pop landlords, and what is the deal with all these vacant apartments in NYC?

Comment below with any questions.

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