Why Developers Build Expensive Units

The rent is too high…even for high-earning New Yorkers. In the wake of unprecedented rent hikes, residents across America's largest city are finding that not even a six-figure salary can protect them from the squeeze.

On today’s Big Take podcast, host Sarah Holder talks to Bloomberg Real Estate Reporter Paulina Cachero and Fiscal Policy Institute Chief Economist Emily Eisner about New York City’s stressed rental market, the domino effect it has on everyone and the proposals on the table to fix it.

Read more: Even New York City’s Wealth Renters Can’t Avoid the Housing Crisis

Listen more: Odd Lots - Zohran Mamdani, the Socialist Who Could Be NYC's New Mayor

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