It's the Ryan Lair Show on WNYC, good morning everyone.

We will begin on this Monday with a question that could begin any show on any day around

here.

Why are rents in New York City going up?

If the population is going down, what happened to supply and demand?

Greg David covers business and economics for the news organization, the city.

He also runs the business and economics reporting program at the Craig Newmark Graduate School

of Journalism at CUNY.

And he's got a new article in the city that finally tries to address this question head

on.

We've been asking it on the show kind of tucked into other housing segments we've done.

And his article is called simply, why are New York City rents so high?

It's complicated.

Greg, thanks for coming on on this head scratcher that's so central to life in our area.

Welcome back to WNYC.

Thank you.

When it is a head scratcher, Brian, you know, I sent out to find some great smoking gun here

because as you said, and there are the population of New York is less than before the pandemic.

The numbers are a little uncertain, but we are sure it's less.

Secondly, despite the mayor's spin, the city said a relatively anemic economic recovery

from the pandemic.

We are about to recover all the jobs we've lost, but the nation as a whole has regained

...