NYC rents outpace earnings, exclusive co-ops shift stance, & more

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By Emily Myers  |
October 6, 2022 - 10:30AM

Emily Myers for Brick Underground 

The gap between earnings and rent growth in New York City is its widest since 2008 with incomes down 9 percent and rents up 13 percent, according to StreetEasy (press release)

Some of the city's most exclusive co-ops are now allowing financing in order to attract buyers (Bloomberg)

A daredevil contractor jumps across rooftop awnings on the 23rd floor of a Manhattan rental building to spot a leak (New York Post)

Only 19 percent of the federal emergency housing vouchers issued to NYC last year have been used by recipients to secure an apartment (City Limits)

After failed attempts to house asylum seekers at Ocean Beach and Randall's Island, lawmakers suggest closed hotels and vacant churches as a solution (abc7)

A survivor of the Twin Parks fire is told to leave her hotel after the city could not match her previous apartment (The City)

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Emily Myers

Senior Writer/Podcast Producer

Emily Myers is a senior writer, podcast host, and producer at Brick Underground. She writes about issues ranging from market analysis and tenants' rights to the intricacies of buying and selling condos and co-ops. As host of the Brick Underground podcast, she has earned four silver awards from the National Association of Real Estate Editors.

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