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Re:Manhattan rents cross $5k threshold for first time by Spooky23 on Thursday July 14, 2022 @10:05AM (#32096261)
That represents like a half million tenants. “Nothing” isn’t how I would describe it!
Re:Manhattan rents cross $5k threshold for first time by spaniard89277 on Thursday July 14, 2022 @10:19AM (#32096385)
It is nothing. For public housing to make sense it has to be a considerable amount of the supply, and be universally available, not only for low-income people.
Re:Manhattan rents cross $5k threshold for first time by klyrs on Thursday July 14, 2022 @11:23AM (#32097192)
[1]> NYCHA has approximately 13,000 employees serving about 173,946 families and approximately 392,259 authorized residents. Based on the 2010 census, NYCHA's Public Housing represents 8.2% of the city's rental apartments and is home to 4.9% of the city's population. NYCHA residents and Section 8 voucher holders combined occupy 12.4% of the city's rental apartments.

1 out of 20 of the city's residents, 1 in 8 if you count voucher programs. That's far from nothing, but you're right, there's definitely room for improvement if you can cut through the red tape of nimbyism and corruption.

[1] https://en.wikipedia.org/wiki/New_York_City_Housing_Authorit...

Re:Manhattan rents cross $5k threshold for first time by trident5000 on Thursday July 14, 2022 @11:26AM (#32097251)
Its about the 70th percentile, above average. But you're not living an extravagant life.