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Housing Realities and Inflation in New York Tenements
A reader asks why low rent tenements remain vacant amid new high price housing. The answer cites neighborhood quality and old construction, plus inflation from government credit and easy mortgages. Inflation favors remote modern houses. local labor costs and debt drive prices higher, risking an eventual adjustment.
MENTIONED IN THIS ARTICLE
Lewis
Haney Pulessor
Rebkemlen
N.Y
York
City Big 7
Harlem
New York
New York City