The rent in NYC isn’t just too darn high for “Generation Z”; a trifecta of problems has made it crippling, according to a new report released this week.
New research from the real estate site StreetEasy found that NYC has one of the nation’s most unaffordable rental markets for younger New Yorkers, specifically those aged 18 to 25. In fact, two in three renters in this demographic around the five boroughs are considered rent-burdened because they spend more than 30% of their income on housing costs.
