Reported 9 months ago
To maintain stable housing prices, NYC launched an affordable housing lottery, allowing lucky individuals like a New York influencer to rent a luxury Manhattan apartment for just $1,000 instead of the usual $6,000 monthly cost. This three-year lease provides flexibility for better financial management, helping achieve dreams like homeownership without sacrificing living standards. Through this initiative, NYC aims to ease the housing burden on residents amidst rising real estate prices.
Source: YAHOO