Understanding NYC Rent Stabilization Statistics New York City’s rent stabilization laws play a crucial role in providing affordable housing for millions of residents. These regulations limit rent increases and ensure tenants’ rights in a competitive housing market. Understanding the statistics surrounding...
The report,from Realtor.com, quantifies the dramatic rent increases in the Big Apple, which have been rising annually since spring 2022, when they first rebounded to pre-pandemic levels. According to the report, the median asking rent citywide in October was approximately $3,374 — a 1.7% ...
just as they have been for the last eight years. In addition, the BLS drones are no longer able to hide the true inflation affecting average households across the nation. Even their “fake numbers” show inflation at 3.6% over the last four months. We know...
Despite the jump in rental costs, the share of renter income spent on rent and utilities stayed at 31.0% at the median last year, unchanged from 2022, indicating renter household incomes kept pace with the rent increases. It may also be due to higher-income househol...
Despite 1.4% total revenue growth in March and April combined, an 80-basis point contraction in GOP margins led to a 0.8% decrease in profit dollars. Insurance and property tax increases present additional challenges to EBITDA growth. Food for Thought ...
While the fates of the lawsuit and the proposed legislation remain unknown, one thing is certain: the resolution of the Carnegie House dispute is likely to set a precedent for other ground lease co-ops facing large rent increases. Hirsch tries to put it in perspective: "We'r...
Length of Time for Your Move If you are planning to put your home on the market because you're moving for a period of five years or more, then selling could make more sense than renting out your home. You can use the profit from the sale to purchase a new home, which helps to...
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[66]. Consequently, they are more likely to understand and promote the adoption of digital technologies to strengthen internal controls and the transparency of processes. This approach increases agency costs for executives and ultimately reduces the opportunities for improper transactions and rent-seeking...
TheLos Angelesseasonal chart is a bit messier than the New York one. In fact, while there appears to be price increases during the summer (between May and September) they are generally milder than the ones we saw above (for New York). The slower season, though, abruptly starts around Nov...