The average rent in Manhattan is $3,778, up 9% in a year.

And for a studio, it's $2,569 — up 18.8% in the past year.

Real-estate agent Josh Lichy, 27, appreciated the rental crunch first-hand when he and his girlfriend were hit with a $300 increase, from $3,000 to $3,300 for their 750-square-foot, one-bedroom apartment at 160 Riverside Drive. “It’s too much. We want to have money to spend so we’re not rent-poor,” he said.

Rent-poor. That's derived from house poor, but quite different. If you're house poor, you're building wealth in the form of equity (unless prices fall). But a rented apartment isn't a repository of money set aside for the future. It's as gone as if you'd blown it on a European vacation.

As for small apartments in NYC, we've been talking about Mayor Bloomberg's competition for designing tiny apartments called "micro-units." Well, here's a NYT article about furnishing your micro-unit. It's bizarrely — mockingly — unhelpful, suggesting a chewable toothbrush, a very small dog, and growing plants on your wall in some doodad that hangs over the fireplace. Hello? Get a normal toothbrush. Don't keep any pets. And you won't even have a fireplace. But I love the idea — in the photo at the NYT link — of putting your handgun right there next to your objets on one of the étagères that flank the fireplace that you won't have in your micro-unit.

But if you have a micro-unit, you may want to compensate by getting a gun.