Metro East REIA
- Jan 30, 2021
- 1 min read

NY City Renters Owe More Than $1 Billion in Unpaid Rent

The Wall Street Journal (reposted on Realtor.com) is reporting that renters in New York City owe in excess of $1 billion in unpaid rent during the Coronavirus pandemic, according to data from a recent survey. The WSJ says this figure is the most recent indicator that unemployment benefits & federal stimulus packages have been inadequate to alleviate what they say is a growing financial burden. Interestingly, they do point out that both landlord and tenant advocacy groups have lobbied heavily for more government rental assistance during the pandemic. Continue reading HERE...

Recent Posts

See All

Consumer Price Index Up 3.7% Year Over Year

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.6% in August, 2023. The all items index was up 3.7% for the 12 months ending in

Reserves are Important

None of us knows what life will bring. All of a sudden, your ability to generate income may be severely restricted by an illness or injury. In the past few months, my office has worked with several in

Gap in Urban & Suburban Rent Growth Widened During the Pandemic

A recent report from Apartment List says the gap in urban and suburban rent growth widened during the pandemic. However, they do point out that while rents are now falling, they’re falling slower in