here’s why it’s so hard to find an affordable apartment to rent

 0    6 speciālā zīme    guest3262819
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slog
Finding a new apartment to rent can be a slog
sākt mācīties
(noun) a period of hard work or effort
the rental vacancy rate
In New York city, the rental vacancy rate, which is the share of habitable unoccupied units, has dropped to a record low 1.4%
sākt mācīties
(noun) the share of habitable unoccupied units
landlord
Lower vacancy rates favor landlords and often lead to higher rents.
sākt mācīties
(noun) owner of the house for rent
dense
The main way to lower rents is to expand the housing supply, which is hard to do in dense urban areas.
sākt mācīties
(adj) thick, heavy or condensed
prohibitive
Those expenses can be cost prohibitive, locking renters into their current homes and reducing the number of new rentals coming to market.
sākt mācīties
(adj) exorbitant, so high cost or price
in tandem with
Broker’s fees can swing higher - in tandem with the price of rent - when there is more competition among renters.
sākt mācīties
idiom - they work together or happen at the same time
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