Tech Workers With $135K Salaries Can Only Afford 35% Of NYC’s Rentals

Tech Workers With 5K Salaries Can Only Afford 35% Of NYC’s Rentals

New York has always been expensive, but as housing prices continue to rise, the Big Apple is setting new records. Data indicates that rent costs increased seven times faster than earnings last year, and over half of New York’s residents are paying more than 30 per cent of their before-tax earnings on housing. In other … Read more

London Rent To Increase 13% in Next 3 Years; Officials Want Better Protection of Renters

London Rent To Increase 13% in Next 3 Years; Officials Want Better Protection of Renters

London’s rental crisis will worsen as monthly payments in the UK are expected to further increase in coming years, outstripping any growth in earnings, a prominent think tank warns. The Resolution Foundation anticipates millions of households will experience further strain as rents are likely to increase by 13 per cent in the next three years. … Read more