New York renters desperate as soaring rents exacerbate housing crisis

Draconian prerequisites to rent in New York aren't new: earn income 40 times the monthly rent, have perfect credit history, present the last two years of tax returns and current bank balances
Renting in New York has been a struggle, but recently costs have skyrocketed, jumping an average 20.4 percent in the second quarter of this year alone

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