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New York City has long been a magnet for talent, but high housing costs risk driving it away. The tech firm Smart Asset recently found that Gotham lost young professionals at a higher rate than any other U.S. city in 2020. A major culprit is a housing market beset by rent regulations and insufficient new […]
The chief destroyer of rent-stabilized units since 2000 has been something called high-rent decontrol.
Supertalls proliferated. Cars gave way to busways. Outdoor dining everywhere. Nine neighborhoods have been rezoned. Here’s how the physical city morphed in the last eight years.
Supporters say the plans help address New York’s housing crisis and help integrate the city’s neighborhoods. Opponents see more gentrification and giveaways for developers.
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