The New Tenements

The shocking truth (courageously revealed in today’s Times) is that perfectly respectable middle- and even upper-middle class educated (albeit underemployed) youths (did we mention these youths are Ivy League or similar?) can no longer afford living in Manhattan:

As the apartment-hunting season begins, fueled by college graduates and other new arrivals, real estate brokers say radical solutions among young, well-educated newcomers to the city are becoming more common, because New York’s rental market is the tightest it has been in seven years. High-paid bankers and corporate lawyers snap up the few available apartments, often leading more modestly paid professionals and students to resort to desperate measures to find homes.