Rent Fractions Dividing Tenants From Money

One third of all New Yorkers now give one half of their paychecks to landlords for rent. The number of renters coping with this new math is up 15% from just 9 years ago. With rising costs and a fairly liberal Rent Guidelines Board, don’t expect the numbers to head down in the tenants favor anytime soon. We can’t really fault the landlords here though. It’s simply another sign of our economic times. But, they’re still the easiest villains to target.