{"id":1603158,"date":"2022-08-12T11:39:11","date_gmt":"2022-08-12T15:39:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1603158"},"modified":"2022-08-12T11:39:22","modified_gmt":"2022-08-12T15:39:22","slug":"new-yorkers-flee-big-apple-amid-surging-rents-high-taxes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-yorkers-flee-big-apple-amid-surging-rents-high-taxes\/","title":{"rendered":"New Yorkers flee Big Apple amid surging rents, high taxes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnew-yorkers-flee-big-apple-amid-surging-rents-high-taxes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1603158&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2737133\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2737133\" class=\"size-full wp-image-2737133\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/GettyImages-600966512-scaled.jpg\" alt=\"NEW YORK, NY - SEPTEMBER 8: in The Statue of Liberty stands in the foreground as Lower Manhattan is viewed at dusk, September 8, 2016 in New York City. New York City is preparing to mark the 15th anniversary of the September 11 terrorist attacks. (Photo by Drew Angerer\/Getty Images)\" width=\"2560\" height=\"1707\" \/><\/p>\n<p id=\"caption-attachment-2737133\" class=\"wp-caption-text\">NEW YORK, NY \u2013 SEPTEMBER 8: in The Statue of Liberty stands in the foreground as Lower Manhattan is viewed at dusk, September 8, 2016 in New York City.\u00a0 (Photo by Drew Angerer\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>Updated 7:55 AM PT \u2013 Friday, August 12, 2022<\/h5>\n<p>New York City is one of the most expensive markets worldwide. Due to surging housing costs, high taxes and the negative effects of COVID-lockdowns, a rising number of New York residents are fleeing the Big Apple.<\/p>\n<p>When COVID-19 hit New York in early 2020, the mass exodus of people from the city led landlords to offer tenants months of free rent to persuade residents to stay. Now, as the housing market recovers from the lockdowns nearly three years later, the residential rents are hitting new record highs every month. New York rents set records in the second quarter, which stressed out apartment owners throughout the city. Some residents have reported that their monthly rent has jumped from $1,800 to $2,500 a month.<\/p>\n<p>The US Department of Housing and Urban Development characterizes spending more than 30 percent of income as rent burdened and more than 50 percent as severely rent burdened. Economist Kenny Lee spoke on the topic.<\/p>\n<blockquote>\n<p><strong>\u201c\u2026 As we look into the second half of this year, the renters are really being squeezed out due to very low inventory, even though month-over-month basis the inventory has been rising steadily,\u201d said Lee. \u201cSo, we looked into the data to really find out what\u2019s going on, and we realized that a lot of renters are being priced out of their own home as the landlords seek to reverse the deals they offered during 2020 and 2021.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>Housing policy solutions to restrict rent to increase in market-rate apartments have struggled to gain traction among New York lawmakers.<\/p>\n<p>California has also experienced a mass exodus because of its severe housing crisis. Legislature has attempted to combat this by allowing multiple homes on previously single-family lots and by also increasing block rent in buildings that are over 15 years old.<\/p>\n<p>Additionally, a poll released this month by Zogby showed that nearly four of every ten New Yorkers are thinking of relocating because of the high taxes.<\/p>\n<p>MORE NEWS: <a href=\"https:\/\/www.oann.com\/desantis-debuts-new-spanish-language-ad-as-florida-hispanics-flip-for-gop\/\">DeSantis Debuts New Spanish-Language Ad As Florida Hispanics Flip For GOP<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, NY \u2013 SEPTEMBER 8: in The Statue of Liberty stands in the foreground as Lower Manhattan is viewed at dusk, September 8, 2016 in New York City.\u00a0 (Photo by Drew Angerer\/Getty Images) OAN NewsroomUpdated 7:55 AM PT \u2013 Friday, August 12, 2022 New York City is one of the most expensive markets worldwide. &hellip;<\/p>\n","protected":false},"author":1209,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1603158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1603158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1603158"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1603158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1603158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1603158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1603158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}