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Gentrification Gets A Middleman: Companies Offer To Broker Buyouts For Tenants

Gentrification Gets A Middleman: Companies Offer To Broker Buyouts For Tenants At 68, Aisha is a native New Yorker figuring out her exit strategy. In 2014, she moved to a rent-stabilized apartment in Brooklyn's Sheepshead Bay neighborhood. She pays $1,485 a month for a one-bedroom on a librarian’s salary. But Aisha, who asked that we withhold her last name to avoid problems with her landlord, figures it’s only a matter of time before her rent goes up beyond what she can afford. “It’s just not economically feasible,” she said, about staying in the city long-term. “I can live here but I can’t travel or do anything more than pay rent and just survive.” Even her financial adviser agreed, telling her, "Pray that you don’t get sick." [ more › ] Gothamist https://ift.tt/2TG3EPh March 28, 2019 at 11:00PM
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