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Resource ID: #16917
Subject: Real Estate
Source: New York Daily News
Affiliation: 
Date: 6-Aug-00

Description

This CAR project show that rents in New York have gone up by 67% as compared to a decade ago. An average renter in a New York household in 1999 spent more than 35% of its monthly income on rent. The rising prices are not limited to Manhattan but also apply to historically less expensive neighborhoods far from Manhattan.

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