Story perspectives
New Yorkers Struggle with Housing Crisis and Rising Costs
9/29/2025
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Story summary
- New Yorkers face a housing crisis; many consider leaving due to costs, per Partnership for New York City.
- Legal costs are 67% above the national average, driven by lawsuits and the Scaffold Law; reforms could curb fraudulent injury claims.
- STAR tax relief aims to reduce property taxes for over 2.5 million households, while affordability remains a mayoral focus.
