Oxford University Press's
Academic Insights for the Thinking World
In today’s world of big data and mass media saturation, statistics and graphs are constantly being thrown at us. For researchers, wading through, and making sense of, the sea of numbers is as much about the journey as the destination. But for most people who are simply trying to live their lives, all these facts […]
New York City is the midst of a housing affordability crisis. Over the last decade, average rents have climbed 15% while the income of renters has increased only 2%. The city’s renaissance since the 1990’s has drawn thousands of new residents; today, the population of 8.5 million people is the highest it has ever been. But New Yorkers are finding that the benefits of city living are not without its costs. The demand for housing has outstripped the real estate community’s ability to supply it; as a result, prices have been rising.