Rising Rent in New York City Essay

Rising Rent in New York City Essay

Length: 727 words (2.1 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Various individuals visualize New York City as a place that any person would love to live in, but what many do not to realize is the fact that the city has a continuously growing homeless population because of the rising cost to live within the city. Individuals in New York City are living in a time where not even a job may entirely support his/her daily finances.
New York City is not only a tourist attraction, but considered one of the most expensive cities in the world to fund because of its superb security, overall popularity, and partly its dependence on Wall Street to pay high income taxes to fund social programs, such as those who help homeless individuals and low-income residents. Ever since Bloomberg's re-election in 2005 he warned New Yorker's that because of a gaping budget deficit the city may have to raise property tax and state tax. The only people who struggle the most from increasing taxes are those who are barely able to pay rent and other expenses, such as utilities bills. One of the reasons why increasing taxes affect individuals is because as property taxes rise the property owner has to spend more, which means his/her profits may be affected, thus increasing the rent of tenants (the most current increase was 4% in one-year leases and 7.25% in two-year leases). In the other hand residents that currently live in homeless shelters have fewer chances of finding an affordable apartment even if he/she obtains a job (Most of the jobs homeless shelters refuges receive are low-paying jobs).
Pedro Vasquez a Bronx, New York native previously worked in a construction contracting firm and the least thing he expected was to consider himself a homeless person. Mr. Vasquez was laid off and was sadly unable to keep up with...


... middle of paper ...


...se your obligations will get you evicted.



Works Cited

Saul, Michael H. "New York City Leads Jump in Homeless." WSJ.com. Dow Jones, 4 May 2013. Web. 25 Dec. 2013.
Barbanel, Josh. "Panel Approves Rent Increase for New York's Rent-Regulated Apartments." WSJ.com. Dow Jones, 20 June 2013. Web. 25 Nov. 2013.
Barro, Josh. "DEAR NEW YORKERS: Here's Why Your Rent Is So Ridiculously High." Business Insider. N.p., 09 July 2013. Web. 25 Nov. 2013.
Park, Jung M., Angela R. Fertig, and Paul D. Allison. "Physical and Mental Health, Cognitive Development, and Health Care Use by Housing Status of Low-Income Young Children in 20 American Cities: A Prospective Cohort Study." Macfound.org. American Public Health Association, Dec. 2011. Web. 30 Nov. 2013.
Dawsey, Josh. "Apartments Rise as Shelter Option in New York City." WSJ.com. Dow Jones, 12 Sept. 2013. Web. 25 Nov. 2013.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

New York City : The City Of Dreams And High Expenses Essay

- New York City, the city of dreams and high expenses. That’s one of the things I have taken away from reading the census data and Florida’s Cities and the Creative Class. What is humorous to me is that the idea of how much residential places cost and how much space you get for the price leaves me wondering why New York City has the majority of the highest percentage of people living in the city with creative careers. However, I shouldn’t be the one questioning anything because here I am in New York City paying so much more for an education here than I would have paid at the other schools I got into....   [tags: New York City, Global city, United States, Toronto]

Strong Essays
1313 words (3.8 pages)

Role Of New York As An Economic Global City Essays

- Introduction: Over the 20th century, Mollenkopf and Castell (1992) argued New York City has become a poorer, smaller and in some respects less economically important part of the nation. Simultaneously, the global city has remained dominant in thriving economic activities often associated with the international economy. Ultimately, the city has had a long history of concurrent growth and decay. To provide an in-depth analysis of New York’s economic development path, the essay will focus specifically on the economic developments and challenges between 1940’s and 1990’s....   [tags: Economics, New York City, Economy, Manufacturing]

Strong Essays
1783 words (5.1 pages)

Contemporary Ballet Of American Ballet And New York City Ballet Essay

- Even though people always tend to attribute “authentic” knowledge of a practice or product by tracing its culture, in the currently globalizing world where the cultures are overlapped and intertwine with one another, the criteria is ineffective due to the difficulty of ascribing the practice to a specific culture; hence, the notion of cultural authenticity is no longer legitimate. The cross-cultural origins and further developments of the Contemporary Ballet illustrate that to simply consider this dance form authentically American is inappropriate, whereby demonstrates the high degree of illegitimacy in the pursuit of cultural authenticity....   [tags: Ballet, Classical ballet, New York City Ballet]

Strong Essays
1224 words (3.5 pages)

The Food Of The New York City Essay

- In the New York City, one of the wealthiest cities in the world approximately 1.4 million people go hungry everyday (“Food poverty in NYC”). Many neighborhoods in the New York city do not have an opportunity to make healthy food choices due to the fact that communities of lower-income and racial or ethnic minorities suffer from the death of private investment and the inequitable distribution of public resources. Numerous studies have shown that lack of healthy food options is linked to obesity, heart disease, and a wide variety of other chronic health diseases (“A Look Inside Food Deserts,” 2012)....   [tags: Nutrition, Food, Obesity, Eating]

Strong Essays
1071 words (3.1 pages)

Autism on the rise in New York City Essay examples

- Introduction Statement of the problem Autism treatment plans, treat autism as a psychiatric-behavioral disease, however, the ever-increasing population of children living with the disease require a multitude of supportive services that are not readily available. A multi-level treatment plan that encompasses integrated care of a physician, neurologist, gastroenterologist, nutritionist, psychiatrist, occupational therapist and a special educator is needed to treat the sleep and gastrointestinal disorders, nutritional deficiencies, metabolic and immune problems, seizures, psychiatric problems, and sensory sensitivities that range from mild to severe in children diagnosed with autism....   [tags: Learning Difficulties, Social Interaction]

Strong Essays
1211 words (3.5 pages)

The New York Stock Exchange Essay

- According to Investopedia (2003), the New York Stock Exchange, otherwise known as NYSE, is a stock exchange based in New York City. It is considered the largest equities-based exchange in the world based on total market capitalization of its listed securities. Additionally, it stated that NYSE was founded in 1972 but became a public entity in 2005 after the acquisition of electronic trading exchange Archipelago. The NYSE Euronext is the parent company of the New York Stock Exchange. This came into play when the company merged with the European exchange in 2007....   [tags: Stock exchange, Stock, New York Stock Exchange]

Strong Essays
1476 words (4.2 pages)

The New York Times And The Civil Rights Movement Essay

- Background In 1960, the New York Times(Defendant) ran a full-page advertisement paid for by civil right activists. The ad openly criticized the police department in the city of Montgomery, Alabama for its treatment of civil rights protestors. The Plaintiff ( Sullivan) was one of three Commissioners of Montgomery, Alabama, who claimed that he was defamed in a full-page ad taken out in the New York Times. The advertisement was entitled, “Heed Their Rising Voices” and it charged in part that an unprecedented wave of terror had been directed against those who participated in the civil rights movement in the South (Jones, 2016)....   [tags: Newspaper, The New York Times, Advertising]

Strong Essays
2264 words (6.5 pages)

Descriptive Essay - New York City in the Morning

- A violin song pulls us out of sleep, dreams of trains and pineapples, like a silk rope. He notices the morning light come to the wall. In the city we left only a few days ago, we learned about waking up before dawn, not to the light, but to the stirring that moves the blood in our thighs and hands. The morning was ancient before the sun even rose. Rising early in New York City allows you to hear the birds on the street. When we emerged from the tight doorway leading out of the apartment, I saw that the color of the sidewalk and street matched the tone of the sky....   [tags: Descriptive Essay, Descriptive Writing]

Strong Essays
513 words (1.5 pages)

Crime Decline Of New York City Essay

- Kelly Duffe Mr. Digiovanni November 25, 2014 Crime Decline in New York City There are many different theories that have developed to explain the steep decline in crime that began in the 1990’s following decades of the highest crime rates in history. There have been numerous studies and forums to gather, discuss, and interpret data. The one consensus among them all is that there is no easy answer to the question- why has the crime rate dropped. Some of the many factors that have been considered as possible contributors to the decline include- demographics, the drug market, the economy, increased policing efforts, incarcerations, handguns, lead paint and legalized abortion....   [tags: Crime, Violent crime, Criminology]

Strong Essays
1053 words (3 pages)

An Analysis of the New York City Soda Ban Essay

- Introduction The obesity epidemic is one of the most pressing issues at this point in both American society and U.S. public policy initiatives. According to the Center for Disease Control and Prevention 35.9% of U.S. adults over the age of twenty are obese (CDC, 2013). The CDC further notes that 69.2% of U.S. adults twenty years of age and over are overweight (this percentage includes those who are obese). The obesity problem is not exclusive to the adults in the U.S. The CDC notes that 18.4% of adolescents between the ages of 12 and 19 are currently obese (CDC, 2013)....   [tags: Public Policy Initiatives]

Strong Essays
1527 words (4.4 pages)