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It’s been almost two months since NYC’s FARE Act went into effect—and the results aren’t looking great. Rents are hitting record highs, inventory is shrinking, and frustrated renters are ghosting brokers over paperwork they legally have to sign. In this episode, we break down what’s really happening in the rental market right now: who’s winning, who’s losing, and how this law may be making the housing crisis worse, not better. Whether you’re a lifelong New Yorker or moving here for the first time, this one’s for you.
By Pinpointe GroupIt’s been almost two months since NYC’s FARE Act went into effect—and the results aren’t looking great. Rents are hitting record highs, inventory is shrinking, and frustrated renters are ghosting brokers over paperwork they legally have to sign. In this episode, we break down what’s really happening in the rental market right now: who’s winning, who’s losing, and how this law may be making the housing crisis worse, not better. Whether you’re a lifelong New Yorker or moving here for the first time, this one’s for you.