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Rent Burdened New York
+ How Many Miles is it to Grand Central?
The Harlem Neighborhood Block Association
December 25, 2023 • Estimated Reading Time: 2 minutes
In NYC, about one out of every three homes is owned by the person living there - about half the national average. Owning a home is a powerful way to build intergenerational wealth, but historical and contemporary disinvestment and housing discrimination has made it hard for many New Yorkers to own homes.
Meanwhile, rising housing costs increase the rent burden for many New Yorkers living in homes they cannot comfortably afford.
See more, here:
How Many Miles is it to Grand Central?
One of the things we’re likely to lose when the new Metro North tracks replace the old ones is this view of 120+ year-old steel:
In addition, we’ll likely lose this sign (below) that would have told train drivers they’d now traveled 4 miles from New York’s Grand Central Station:
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