PRESENTATION
Human consequences of the NYC housing crisis
0:23:46
·
59 sec
Garodnick outlines the various human consequences of New York City's housing crisis, emphasizing its impact on residents' quality of life and financial stability. He highlights how the crisis affects different aspects of urban living and tenant-landlord dynamics.
- The crisis leads to increased rent prices, displacement, and gentrification pressures
- It contributes to segregation and homelessness in the city
- The shortage results in poor housing quality for many residents
- The imbalance of power between landlords and tenants is exacerbated, making it difficult for tenants to negotiate or demand basic repairs
- Families are forced to spend a disproportionate amount of their income on rent, with an average household of three making $70,000 a year needing to spend 47% of their income on rent for a two-bedroom apartment
Daniel Garodnick
0:23:46
The the human consequences here are real.
0:23:49
What does that mean?
0:23:50
Well, the price of rent, displacement and gentrification pressures, particularly in those areas that are producing housing, segregation, homelessness, You saw the numbers 2 slides ago, poor housing quality, and of course, the imbalance of power between landlords and tenants in New York City.
0:24:07
If you're trying to negotiate the price of your rent, you're trying to get a a basic repair done in your apartment.
0:24:15
If you have no leverage as a tenant, it is very difficult for you to present that you have alternatives because you likely do not.
0:24:23
Next slide.
0:24:26
Families spend a huge portion of their income on rent, average household of 3, making $70,000 a year needs to spend 47% of their income on rent to afford an average two bedroom apartment, that 53% left for everything else.
0:24:42
I'll just note it again.
0:24:42
That also includes the taxes on the income.
0:24:45
Next.
