What’s behind New York’s sky-high rents?




Marketplace All-in-One show

Summary: <p></p> <p>During the early years of the pandemic, people throughout the country left major cities and never returned. But in New York City, it seemed people were coming back in droves. What else would explain the lower availability of apartments and the increasing rent prices? The real reason may not be that simple, and it may have to do with algorithms and something called “warehousing.” Also, the patent examiner who sought to demonstrate the ingenuity of Black Americans through their inventions is being honored. Plus, we play a round of Half Full / Half Empty!</p> <p> </p> <ul> <li style="list-style-type: none;"> <ul> <li> <a href="https://www.curbed.com/2023/01/nyc-real-estate-covid-more-apartments-higher-rent.html" target="_blank" rel="noreferrer noopener">“New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much?”</a> from New York magazine</li> </ul> </li> </ul> <p> </p> <ul> <li style="list-style-type: none;"> <ul> <li> <a href="https://news.gallup.com/opinion/gallup/471155/charts-russia-ukraine-war.aspx" target="_blank" rel="noreferrer noopener">“9 Charts on the Russia-Ukraine War”</a> from Gallup</li> </ul> </li> </ul> <p> </p> <ul> <li style="list-style-type: none;"> <ul> <li> <a href="https://www.uspto.gov/learning-and-resources/journeys-innovation/historical-stories/found-bakers-list" target="_blank" rel="noreferrer noopener">“Found on Baker’s list”</a> from the U.S. Patent and Trademark Office</li> </ul> </li> </ul> <p> </p> <ul> <li style="list-style-type: none;"> <ul> <li> <a href="https://apnews.com/article/us-food-and-drug-administration-business-health-nutrition-ed2acef14a014eef30a0fd24f98be07b" target="_blank" rel="noreferrer noopener">“No cow needed: Oat and soy can be called milk, FDA proposes”</a> from AP</li> </ul> </li> </ul> <p> </p> <ul> <li style="list-style-type: none;"> <ul> <li> <a href="https://www.marketplace.org/2023/02/22/united-launches-100-million-green-jet-fuel-fund/" target="_blank" rel="noreferrer noopener">“United launches $100 million green jet fuel fund”</a> from Marketplace</li> </ul> </li> </ul> <p> </p> <ul> <li style="list-style-type: none;"> <ul> <li> <a href="https://www.marketplace.org/2023/02/21/how-does-a-water-bottle-go-viral-and-stay-viral/" target="_blank" rel="noreferrer noopener">“How does a water bottle go viral — and stay viral?”</a> from Marketplace</li> </ul> </li> </ul> <p> </p> <ul> <li style="list-style-type: none;"> <ul> <li> <a href="https://www.marketplace.org/2023/02/24/new-york-citys-push-to-become-a-tech-hub/" target="_blank" rel="noreferrer noopener">“New York City’s push to become a tech hub”</a> from Marketplace</li> </ul> </li> </ul> <p> </p> <ul> <li style="list-style-type: none;"> <ul> <li> <a href="https://futurism.com/the-byte/samsung-cloning-voices-ai-phone-call" target="_blank" rel="noreferrer noopener">“Samsung Now Cloning Users’ Voices So an AI Can Answer Calls for Them”</a> from Futurism</li> </ul> </li> </ul> <p></p> <p> </p> <p>We love hearing and reading your questions and comments, so please keep sending them! You can write to makemesmart@marketplace.org or leave a voice message at 508-U-B-SMART.</p> <p></p>