A report from state Senator Zellnor Myrie reveals that median home sale prices in New York have soared more than 75% since 2011, with Brooklyn experiencing a staggering 104% increase. Myrie criticizes former Governor Andrew Cuomo for neglecting to tackle the housing affordability crisis during his decade-long tenure, during which prices rose 77% and rents increased by 52%. He argues that the growing shelter population—up 41%—is part of Cuomo’s failed legacy as mayoral candidate Myrie campaigns for change in leadership.
During Cuomo's tenure as governor from 2011 to 2021, the median home sale prices in New York City surged by 77%, reflecting a stark increase in housing costs.
Myrie asserts that the significant increase in home sale prices and rents under Cuomo's administration is indicative of a larger housing crisis that needs urgent addressing.
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