"New York City's Housing Crisis Hits a New Low: Thousands of Buildings at Risk of Financial Collapse. A staggering number of New York City apartment buildings are facing financial disaster due to a simple yet devastating math problem: many buildings are struggling to cover their costs, including expensive maintenance and taxes, let alone make a profit. With rising expenses and stagnant rents, thousands of buildings are at risk of foreclosure, leaving thousands of tenants facing uncertain futures. As the city's housing market continues to grapple with affordability and gentrification, the looming threat of financial collapse poses a major challenge to the stability of New York's already-strained housing market."
For Thousands of New York City Apartment Buildings, the Math Doesn't Math Yahoo Finance
