"New York has the lowest homeownership rate in the country, with just over half the state's residents reporting owning a home in 2024. Most of the lawmakers who represent New York in Congress, however, own their homes."
"Rep. Dan Goldman reported having the most homes of any member of the delegation, disclosing mortgages on three residences in New York. His mortgages contributed to a total of somewhere between $11 million and $55 million of his debt."
"Rep. John Mannion reported that he made between $250,001 and $500,000 off renting out a property in Old Forge, New York, a ski town in the Adirondack Mountains. Rep. George Latimer reported the same range of income from renting out a home in Warren County, New York."
"Rep. Jerry Nadler made between $1,001 and $15,001 in rental income in 2024 off a bungalow, which he sold for between $100,001 and $250,000. His financial disclosure did not specify where the house is located."
In 2024, New York's homeownership rate is just over 50%, the lowest in the nation. Despite this, 24 out of 28 congressional members own homes. Many lawmakers have utilized real estate for wealth accumulation. Rep. Dan Goldman leads with three properties, while others report one mortgage. Several members earn rental income from properties outside their districts. Rep. John Mannion and Rep. George Latimer reported significant rental earnings, while Rep. Jerry Nadler disclosed income from a sold bungalow. Mortgages constitute the majority of liabilities for these lawmakers.
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