Mayor de Blasio has so far stayed in consistency with his plan to create more affordable housing here in NYC. One method of making NYC a more affordable city would be pursuing a renters’ freeze of regulated rents. The Rent Guidelines Board, which is comprised of nine people, had five seats on this board that were recently up for re-appointment or new appointments in March. De Blasio had finally filled these five of the nine seats. The other four seats left for re/new-appointment will be filled in December 2014.

Twenty-somethings have all the responsibilities of adulthood, but more often than not, they lack apartment hunting experience. Renting in New York City can even prove challenging for the most learned rental veteran, so for someone fresh into the market, it can easily overwhelm. It doesn't have to, though. We're here to help learn from mistakes of renters past. From budgeting to neighborhood research to lease comprehension, these are the top 5 mistakes 20-somethings make when renting in New York City.

Moving in and out might be an exciting experience but it’s also tiresome, and when it is in New York City, that experience can turn into a real brainteaser. As the average rent in the city keeps rocketing, so does the number of people living with roommates. 

Source: CoreLogic It seems New Yorkers are on the right track. Back in 2010, the risk of default for renters applying for apartments was at a mundane 98 for 2 bedroom apartments, and close to 99 for 1 bedroom apartments. Being as numbers below 100 increases the risk of default for applicants, New Yorkers were in a position - financially - of having property managers more readily deny their applications. According to CoreLogic, in a short two year period this risk of default has dramatically changed.