Data Explorer: Rent Burden in the US
Sorry it's been forever. New year, new NYC mayor, exciting times to be getting back to writing about housing. Also I finally have my very own ✨chart aesthetic✨ so get ready, dear nerds. As New York City approaches a rent freeze, people continue to be up in arms
The results of this one were a big surprise to me. The question I asked is, are rents high because the new housing that's being built is too expensive? There's a lot of attention on how expensive market-rate housing is and how much luxury vs affordable
The role of big finance in housing has been getting a lot of attention lately. TikTokers made a big scare and convinced a lot of people that 40% of single-family homes are owned by private equity companies, which is not even close to being true. This turned out to be
Many people, myself included, think that finance has some important role in why the rent is so damn high. There is a growing "housing financialization" literature about this. The idea is that banks, investors, and other financial actors are driving up home and rent prices. This was a