Bloomberg’s Shrink Ray Hits Again: NYC Mayor Seeking Designs For Teensy Tiny Apartments

Bloomberg’s Shrink Ray Hits Again: NYC Mayor Seeking Designs For Teensy Tiny Apartments

For New Yorkers who already feel like they’re living in an expensive shoebox stacked into buildings with tons of other shoeboxes, it might come as no surprise that Mayor Mike Bloomberg is trying to downsize yet another part of city life. First it was sugary drinks, and now the mayor has launched a competition for plans to develop dozens of “micro-units.” In other words, teensy tiny apartments. [More]

Apartment Rents Rising Nationwide To Highest Average In Five Years

Apartment Rents Rising Nationwide To Highest Average In Five Years

Grumbling over the rising price of rent? You’re not the only one — across the country, it’s becoming more expensive to rent, with rates rising at a pace that hasn’t been seen since before the financial crisis. Fear of even higher rents might be keeping tenants in their apartments as well, as the vacancy rate was the lowest it’s been since 2001. [More]