There are plenty of college grads looking for places to live this summer. But if you're working in Manhattan, where can you afford to rent with a starting salary? Fox's Allison Morris has some tips, but first she's got some big news on the market today. Yeah, we're talking about the stock market and the housing market, a little bit of everything today. So, to the markets first, where we had a record close on both the Dow and the S&P today. That is the third straight record close for the S&P. Not a lot of news though today. Apple was the big talker. Billionaire investor Carl Icahn says he thinks Apple shares are still undervalued, and the stock jumped up again. Keep an eye on the rest of the week though, we'll have some more news. We'll get the last of the earnings reports, some housing data, and minutes from the Fed Open Market Committee. So, you want to keep an eye on all that to see if the markets can sustain these levels. Alright, from the stock markets to the rental markets here in New York, this year's graduates have it tougher than ever before. The housing market in New York has been so tight. Last quarter, just 0.6 percent of the apartments in New York were for sale. So, with less to buy, more people are staying renters. That means less to rent and a whole lot more to pay. Don't spend more than 50% of your income on rent. Great advice from StreetEasy data scientist Allen Liefeld, but a tough thing to do if you're a new graduate looking for housing on a budget, especially in this rental market. The typical New York household will spend almost 60% of their income on median asking rent in the...
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How much can a landlord raise rent in nyc Form: What You Should Know
Com. The Rent Guidelines Board (RGB) is a City panel comprised of elected officials, real estate professionals and housing advocacy organizations. The RGB has been instrumental in creating the market-based rent increases that make New York housing so desirable. The RGB's goal is to: increase the rent of all apartments make rent more reasonable and fair help ensure that all tenants are adequately protected from unjust increases in rents caused by unregulated rents Rent Guidelines Board You can also contact the RGB by phone at or by email at. Or you can contact your local public or housing rights group. Learn More About NYC Law Prohibiting Tenant Evictions & NYC Law Protecting Tenants If you're facing an eviction, you can't stop it. Evictions are criminalized in New York, and tenants have many legal options to fight them. This article includes information about state laws that affect tenant protections. For a comprehensive look at tenants' legal rights in NYC, we recommend you read the Tenants with Rights Handbook by the RHC. Or you can find more information on tenant rights at NY CPA.
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