Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: The city is thriving, but many who scored a deal now face rent-renewal sticker shock. Rents rose 33 percent between January of 2021 and January this year, according to an online listing site.

Source: NYTimes.com

Date: Apr 08, 2022

Link: https://www.nytimes.com/2022/04/08/realestate/nyc-rent-cost.html

Questions for discussion:

  • What does this report illustrate about the laws of supply and demand?
  • Should government try to regulate these forces affecting rental pricing?
  • What solutions are available to owners, renters and governments?
  • What are the consequences of excessiveley high rents?

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