New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much?

. According to these stories, New Yorkers hadn’t come flooding back at all. In fact, they were probably still leaking out.

As you’d expect, USPS stats show that lots of New Yorkers skipped town during the pandemic. Between March 2020 and December 2021, there was a net loss of 317,107 permanent movers from across the five boroughs. In July 2020 alone, when moving companies were, a net 25,439 movers left the city. Outbound migration has slowed since then, but it hasn’t changed direction. By my count, the city lost another 97,794 in 2022, ranging between about 6,000 and 11,000 per month.

In Chicago, they all came back. Lol.

disgusting

Land lords and banks are gonna be the responsible for the incoming crisis.

Excellent piece - should be a full-on inquiry into the real estate industry in NYC - most definitely distorted - interesting the big about realpage

danawillcutyou Because New York sucks

Odd to re-up this article, which was short on reliable data and long on innuendo, at a time when recent data suggests the city has pretty much reattained pre-pandemic job levels

So what’s keeping property prices up?

I’m sure there are a number of different opinions and theories, but I’m going with greed.

Because landlords are hoarding apts.

Is there A Group of State and City Politicians Ineptitude You Can Blame That On let alone At The Federal Level. RCJLEO 🦁♌

LaneBrown The rents however unsustainable have been established by agreements with greedy financiers

LaneBrown You wrote a very well researched piece of investigative reporting. Reading it was interesting, educational, and it confirmed that when it comes to landlords there really is no bottom.

LaneBrown Rent prices help push up GDP. They will never fall as it's good for the country and prevent recessions. Vote Biden

LaneBrown This is also true in the NYC suburbs. We have relatively low occupancy in the units at The Cove and the new Harper. Lots of ads to try and change that. But rents skyrocketed....

LaneBrown This is not getting the coverage it deserves. You could take the entirety of the civil rights movement, BLM, police reform, war on drugs, war on poverty — and it wouldn’t compare to the galactic scale of progress we’d see if this theory were prosecuted by lawyers, journalists and…

LaneBrown Hiding supply? ROFL...yes, the landlords are hiding their apartment buildings in their pockets...

LaneBrown I think it’s collusion among the largest landlords and private equity funds

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Yorkers looking to buy a home struggling in current housing marketSky-high mortgage rates, dwindling inventory and sellers expecting to get more than their homes are worth have some families worrying it could all represent the death of the American dream. CBS2's Jessica Moore reports on New Yorkers feeling the squeeze in the housing market.
Source: CBSNewYork - 🏆 268. / 63 Read more »

Adams to New Yorkers: Memphis police video will be ‘graphic and disturbing’ as he urges calmIn anticipation of a weekend of protests against police violence, Mayor Eric Adams on Friday delivered a somber address to the public that drew from his own painful experience as a Black teenager while also urging New Yorkers to engage in peaceful protest. 🐷 Yet the NYPD are flooding the streets and taking over parks and subway stations right now…. His solution? More cops
Source: Gothamist - 🏆 456. / 53 Read more »

Demanding justice for Tyre Nichols: Furious New Yorkers take to the streets in protest | amNewYorkOutraged over video showing Tyre Nichols' fatal beating at the hands of Memphis police officers, hundreds of New Yorkers took to the streets Friday night to decry the widely-condemned act of police brutality. Dean_Moses racist black police officers
Source: amNewYork - 🏆 336. / 59 Read more »

New booster falls short on US protection against COVID: new CDC reportHowever, the new booster reduced the risk of death from COVID by more than twofold compared to vaccinated people without it, and by nearly 13-fold for unvaccinated people. Good luck 🤣 Scamdemic How the public lost ALL faith in the medical industrial complex scam.
Source: nypost - 🏆 91. / 67 Read more »

Rutgers Finds Shocking 500% Increase in Autism in New York-New Jersey RegionContrary to previous findings, the increase in prevalence disproportionately affected children without co-existing intellectual disabilities. Documented cases of autism spectrum disorder (ASD) in the New York–New Jersey metro region increased by as much as 500 percent between 2000 and 2016, with
Source: SciTechDaily1 - 🏆 84. / 68 Read more »

New Orleans cocktails celebrated in special bar takeover at JulepNeal Bodenheimer, owner of Cure in New Orleans and author of the new ‘Cure’ cocktail...
Source: HoustonChron - 🏆 609. / 51 Read more »