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Is the Rent Too Damn High?

Rebecca Baird-Remba Reporter, Commercial Observer
Eric Kober Senior Fellow, Manhattan Institute
David N. Schleicher Professor of Law, Yale Law School
Michael Hendrix Senior Fellow; Director, State and Local Policy, Manhattan Institute
Tue, Aug 9, 2022 EVENTCAST

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Is the Rent Too Damn High?

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Forum

Is the Rent Too Damn High?

Rebecca Baird-Remba Reporter, Commercial Observer
Eric Kober Senior Fellow, Manhattan Institute
David N. Schleicher Professor of Law, Yale Law School
Michael Hendrix Senior Fellow; Director, State and Local Policy, Manhattan Institute EVENTCAST 01:00pm—02:00pm
Tuesday August 9
Tuesday August 9 2022
PAST EVENT Tuesday August 9 2022

In June, Manhattan's average rents hit a record high at over $5,000 a month. Applying the 40X rent rule for July prices, the median one-bedroom in New York City requires a $150,000 salary. But why are rents so high? Who's driving rental demand today? What role do rent regulations play? Does Mayor Eric Adams's housing plan do anything to tackle today's rental woes? What does the current state of New York City's housing mean for the future of the city?

This event will explore the drivers behind surging rent prices and the solutions for lowering costs.

TOPICS
Urban PolicyHousing
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