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Gazette Editorial

New York falling further behind on housing

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It should come as little surprise to New Yorkers that the state’s affordability index for housing has been falling over the last decade. The principal statistics in Comptroller Thomas DiNapoli’s survey told it all: for renters, median income declined 7.1 percent between 2002 and 2012, while housing costs rose 18.6 percent; for homeowners, income fell 1.6 percent while costs rose 9.9 percent. With numbers like those, it’s no wonder that the overall number of rental ...


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