The Coalition must introduce lower tax rates for small landlords as a way to keep them in the market and not further exacerbate the rental crisis, the Society of Chartered Surveyors Ireland (SCSI) has claimed in a submission to government.
Since 1960, New York has been in a state of housing emergency, meaning a vacancy rate of 5% or less; today the vacancy rate is 1.4%, which, in turn, has driven up housing costs higher than ever. According to Apartments.com, the average rent for an available studio apartment is around $3,270 per month. In 2021, 53% of households in the city were spending over 30% of their income on rent.