Why Rent In NYC Is Out Of Control Right Now (CNBC Make It) Flashcards
My mom called me the other day and she’s like, “You’re 31, you should own property.” And I literally said “With what money? Because it all goes to my rent.”
In 2021, New York City surpassed San Francisco as the most expensive city in the US to rent a one-bedroom apartment.
For market rate apartments, rent increases aren’t regulated, meaning landlords can charge as much as they think they can get on the open market.
regulate: control or maintain the rate or speed of (a machine or process) so that it operates properly.
就是說他們rent不受監管。
So what’s causing these unprecedented rent hikes and is there an end in sight?
unprecedented: 史無前例的
rent hike: a sharp increase, especially in price.
“a price hike”
If something is in sight or within sight, you can see it. If it is out of sight, you cannot see it.
no end in sight -> used to say that the point at which something will be finished is not known. There is no end in sight to this heat wave. Prices continue to go up with no end in sight.
I saw an episode with my mom about making a vision board
a board representing a person’s wishes or goals, intended to serve as inspiration or motivation.