Introduction
The issue of high rental prices has not only been a challenge in New York, but also in other cities across the United States and other parts of the world. Cities such as San Francisco have also been associated with challenges emerging from high rental prices (Barro, Josh). In fact, the high rental rates have elicited debates among concerned stakeholders, including local governments that have seen the need to engage in the formulation of intervention mentions. Other regions such as the Manhattan as well as Brooklyn have been associated with challenges of high rental prices. In an annual report ...