🛑️New York City has a record high number of homeless students, with almost 120,000 experiencing homelessness during the last school year.
🗾️The solutions being proposed, such as rental controls, will not solve the housing crisis and may lead to more government housing and higher rents for those who do not receive subsidies.
🏙️The increase in minimum wage in New York City to $16 an hour will not solve the affordability problem, as the average rent for a one-bedroom apartment is $3,646 per month.
💸️The concentration of jobs in metropolitan areas like New York City contributes to the housing crisis, as the demand for housing outweighs supply, driving up rents.
🙁️The homelessness crisis in NYC is a sign of a larger problem in the US, where the lack of affordable housing and rising rents are pushing more people onto the streets.