Thursday, April 21, 2016

Rent devouring 2/3 of NYers' incomes

DNAinfo:  Rent Will Devour Two-Thirds of Your Income This  

MANHATTAN — New York City renters are likely to spend nearly two-thirds of their income on rent this year, according to a report released Thursday from real estate search engine StreetEasy.
Typical renters are likely to devote 65 percent of their income on rent — up from nearly 60 percent in 2015, the report found.
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