What do single women in New York City obsess about most—a nice apartment in a decent neighborhood—at an affordable price!

Today more than 725,000 never-married women between the ages of 20 and 24 call Manhattan home. Many have come here because they think NYC is the place to be. Especially for those just starting out, this usually means sharing an apartment with strangers in not the most ideal neighborhood because it’s the only way they can afford to live here.

Unfortunately for them, the young and unestablished are paying more than they should for their apartments because the rental market and rental prices are being distorted by rent-controlled and rent-stabilization policies. They pay in two ways: First they have fewer apartments to choose from and second the price of artificially lower rents in the regulated sector becomes artificially higher rents in the unregulated sector.

So for many women coming here, finding a decent, affordable apartment is more difficult than finding a boyfriend.

 

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