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Nyc Commercial Rent Tax Cr Q1 20  Form

Nyc Commercial Rent Tax Cr Q1 20 Form

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We saw the number and it was just insane. It's literally doubling what we're paying right now. We never expected that much. I mean, that was just a real shock to us. This apartment is not worth $3,500. There is nothing worth $3,500 in New York City. Rents in New York City are at an all-time high. In June 2022, citywide median asking rent reached $3,500. That's about a 35% increase from 2021. The median asking rent is $4,100 in Manhattan, $3,200 in Brooklyn and $2,600 in Queens. Half the renters in New York City spend more than 30% of their income on rent, and a third of renters spend more than 50%. My mom called me the other day and she's like, "You're 31, you should own property." And I literally said, "With what money? Because it all goes to my rent." In 2021, New York City surpassed San Francisco as the most expensive city in the US to rent a one-bedroom apartment. With the city entering the most competitive rental market in a decade, affordable housing is increasingly hard to find.

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