Happy Tuesday, and welcome to this mostly accidental, special New York-focused edition of Rent Free. The country's largest city has been making housing headlines for none of the right reasons these past few days. This week's stories focus mostly on the Big Apple and its problems. That includes:
- Trouble at New York Community Bank, thanks to the plummeting value of rent-stabilized buildings.
- A public housing agency that just got hit with a single-day record number of federal bribery indictments.
- A vacancy rate so low that it might as well be non-existent.
