We Are All Renters . . .
. . . in a city of slumlords:
Posted: September 12th, 2007 | Filed under: Real EstateHome ownership in New York City is barely half the rate of the rest of the country, new figures show.
More than two-thirds, or 67.3 percent, of single-family homes, co-ops and condos nationwide were owner-occupied in 2006, the last year for which figures were available.
The figure here was just 34.4 percent, according to a Census Bureau report released yesterday.
About 1 million New Yorkers owned their own homes last year. The New York housing market consists of approximately 3 million residences.
“New York City has a low home-ownership rate compared to other large urban areas,” said NYU professor Ingrid Ellen.