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Bloomberg Television

Can Housing in New York City Ever Become More Affordable? #podcast 🤩

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when tenants sign a lease in New York City they often have to pay a fee of up to 15% of their annual rent to a real estate broker whether they hired that broker or not Chio grew up in Brooklyn and at the age of 23 he got elected to New York City Council he represents the 36th District but when he started on the council he didn’t have his own apartment how am I as a member of the city council and making six figures um why am I having this much trouble uh finding an apartment and what can I do about it just last week the council passed legislation sponsored by o that will shift the responsibility away from tenants by default and to whoever hired the broker this is the big Take podcast New York City’s attempt to make a dent in its rental affordability crisis how the real estate industry is reacting and what it says about the broader push to limit the barriers to finding housing in America

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