REMARKS
Overview of New York City's housing crisis
0:00:54
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18 sec
Council Member Sanchez outlines the severe housing crisis facing New York City, emphasizing low vacancy rates and rising costs.
- The city has a 1.4% vacancy rate, which is effectively 0% for low-rent apartments
- Housing prices and inflation are increasing, affecting families across the city
- New Yorkers are struggling to afford everyday necessities due to the housing situation
Pierina Sanchez
0:00:54
As we all know, our city faces a dire house housing crisis.
0:00:57
We have a 1.4 vacancy rate that's a functional 0 if you live in a low rent apartment.
0:01:04
Ever rising housing prices and inflation is hitting families across our city.
0:01:08
New Yorkers are strained to afford the cost of everyday necessities.
