In a new edition of his book 'Waterworks,' Stanley Greenberg documents his infrastructural adventures through NYC’s reservoirs, aqueducts and sewers.
Bloomberg CityLab
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Discover how cities work, the challenges they face, and the solutions they need.
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https://www.bloomberg.com/citylab
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Bloomberg CityLab reposted this
Manhattan rents just broke another record — again. In July, the median rent hit $4,700, up 9.3% from last year, the second-biggest jump since 2008. Bidding wars are now behind nearly a third of new leases, and even the “affordable” end of the market is surging, with the bottom 30% of units climbing 14% to $3,200. The squeeze isn’t just in Manhattan—Brooklyn and Queens are closing in fast. The drivers? A hot market where demand outpaces supply, policy shifts like the FARE Act shaking up inventory, and would-be buyers staying put until mortgage rates cool. It’s a pivotal moment for New York housing—one that raises hard questions about affordability and the city’s path forward. Read the full story here: https://lnkd.in/evxg-f72 Are you feeling squeezed by soaring rent prices in New York City? Tell us about your experience here: https://lnkd.in/eE8343jn
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Bloomberg CityLab reposted this
It's no joke that the cost of homeownership has gone through the roof. It's gotten to the point that renting is cheaper than buying in 49 of the 50 biggest US cities. My lead story in Businessweek, edited by Laura Bliss