#rising-rents

#rising-rents

These findings underscore the depth and breadth of the housing crisis, which is increasingly pricing out working families across the country regardless of geography or profession, said David M. Dworkin, president and CEO of the National Housing Conference. The housing affordability crisis is now hitting families in every metro area, for nearly every occupation. The analysis of 390 metropolitan areas found that nearly one-third now require double the income needed just six years ago to purchase a home.

Franklin Corner Cafe, a staple in Greenpoint for 17 years, is closing its doors on August 4, as the landlord did not renew the lease.

"I was waiting for the shoe to drop. I knew four and half years ago that the landlord was looking for a new tenant [who could pay more rent]."