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The Rent Relief Portfolio: 3 High-Yield Dividend Stocks to Help You Make Ends Meet
GAINGladstone Investment(GAIN) InvestorPlace·2024-04-01 17:37

“The rent is too damn high!” That was the campaign slogan of New York City mayoral candidate Jimmy McMillan in 2010. At the time, the average rent in the city was 1,216permonth,271,216 per month, 27% higher than the 955 a month national average.Some 13 years later, the situation dramatically deteriorated. Median rents in Manhattan at the end of last year was 4,457permonth,a3664,457 per month, a 366% increase in 13 years! That works out to  a 10.5% compounded annual growth rate (CAGR). Nationally, median rent is 1,317 per month, a 2.5% C ...