Rents in New York City under far-left socialist Mayor Zohran Mamdani have reached an all-time high, according to a new report.
A new report has revealed that rents in New York City have increased significantly under socialist Mayor Zohran Mamdani, compounding the city’s pre-existing affordability crisis. PULSE POINTS WHAT HAPPENED: Rents in New York City under far-left socialist Mayor Zohran Mamdani (D) have reached an all-time high, according to a new report. DETAIL: According to a new report from The Corcoran Group, a real estate brokerage firm, rent in New York City (NYC) has reached an all-time high. Specifically, compared to last year, the median rent in Brooklyn rose by eight percent to $4,350, while the median rent in Manhattan rose by eight percent to $5,295. In Queens, specifically Rego Park, the cost of renting a studio apartment rose by over 20…Open
Rent control, like every other socialist policy, has been tried and has only made problems worse, not better. Yet every generation of socialists believes socialism is the answer. Photo courtesy of StreetEasy. Published July 5, [...]
About 40% of rentals on Zillow offer move-in deals, like a month of free rent, thanks to a construction boom that created an apartment surplus in some parts of the United States.
A new study by the Citizens’ Budget Commission has revealed that New York City lost 114,000 more residents than it gained in 2025. This continues a trend of population decline caused by people abandoning NYC for other cities.
A new study reveals New York City lost more residents than it gained in 2025, driven by major affordability issues. PULSE POINTS WHAT HAPPENED: - DETAIL: Fresh data from the Citizens’ Budget Commission, a non-profit public finances watchdog, published on Monday, has revealed that more people are leaving New York City than moving there. The report showed that this exodus occurred across all income levels . It also noted a large number of low and middle-income residents leaving between 2023 and 2024. New York City Mayor Zohran Mamdani has pledged to address affordability issues through initiatives such as rent freezes . However, rising property taxes , along with rising electricity and water bills remain major obstacles to living…Open
Data: Apartment List ; Map: Axios Visuals A building boom across the South and Mountain West has cooled rents — but that relief could fade as new construction slows. Why it matters: Housing is unaffordable for many. Although the median U.S. rent for new leases is down 1.5% from a year ago, it's still roughly 20% above pre-pandemic levels, at $1,400 a month, per Apartment List. - And a new Harvard report finds a record number of renters are "cost-burdened ," spending more than 30% of their income on rent and utilities. Zoom in: The median rent in Austin, Texas — a building hot spot — was down nearly 6% this February from a year earlier. - It fell roughly 5% in San Antonio, New Orleans and Denver, according to data from Apartment…