NYC housing market grows more divided

Crain's New York Business reports:

The home-ownership rate in New York City reached an all-time high in 2005 but housing remained scarce for low and medium-income households, according to the city’s latest Housing and Vacancy Survey.

During the last three years the city added 52,000 units, and one in three households own a home -- the highest rate since the survey began in 1965. The median income for homeowners was $65,000.

You'll notice that's probably the lowest ownership rate in the United States.A true Blue city happening.Unions,rent control,and zoning have wiped out the middle class in New York city.Not the model for the rest of America.