The rent is too damn high! NYC tenants are being pushed out of the market…

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by Boo_Randy

When will NYC renters make the connection between the Fed’s “No Billionaire Left Behind” ultra-easy monetary policies that have created insane speculative property bubbles, and their own soaring rents

www.dailymail.co.uk/news/article-10897829/Renters-pushed-market-NYC-prices-hit-time-high-4-000-month.html

Rent is out of control in Manhattan, Austin, Miami and across other major cities in the nation that are primarily reeling from the economic consequences of the pandemic.

Median rent in Manhattan hit an all-time high of $4,000 per month in May, a 40 percent increase from a year ago and beating out February’s high of $3,700, according to a new report from real estate brokerage firm Douglas Elliman obtained exclusively by DailyMail.com.

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