​Tough Luck For NYC Apartment Hunters: Bargains Scarce As Rents Hover Near Record Highs – Tyler Durden

Tough Luck For NYC Apartment Hunters: Bargains Scarce As Rents Hover Near Record Highs Tens of millions of Americans have been battered by a multi-year housing affordability crisis, mainly during the Biden-Harris administration’s first term. With high interest rates and record-high home prices, many prospective buyers have been sidelined and forced to remain in their parent’s basement or stuck in expensive rentals. Despite a hotter September CPI print, this morning’s inflation report offered some good news: “The silver lining is that shelter inflation continues to slow.” Yet rents are still at or near record highs in markets like Manhattan, giving apartment hunters minimal…  — Continue at ZeroHedge News : Read More