Rents Continue to Increase in Highly Desirable Areas

Courtesy of NPR, a very well thought out summary of the many reasons why apartment rents in highly desirable urban areas have continued to increase. The growing recognition that supply and demand is what drives housing prices may also be the reason that Mayor Bill de Blasio has committed only to producing more affordable housing, not making New York City a more affordable place to live, which is an entirely different and more difficult proposition. Click here for the story.

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