5 ms·
Nice cherry picked data. That's a HUD report. Try checking the NYC Rent Guidelines Report for accurate data: Manhattan 2.57 and Queens 2.11 [1] That's from pa
by bogomipz 9y ago
Nice cherry picked data. That's a HUD report. Try checking the NYC Rent Guidelines Report for accurate data:
Manhattan 2.57 and Queens 2.11 [1]
That's from page 2. It also shows a -25% and -35% change for vacancy rates from 3 years prior for those two boroughs.
And you can't seem to produce any citation for your assertion about a piece of the tax code that allows landlords to make more money from empty apartments than renting them at market rate.
[1] https://www1.nyc.gov/assets/rentguidelinesboard/pdf/hsr00.pdf https://www1.nyc.gov/assets/rentguidelinesboard/pdf/hsr00.pd...
- busterarm 9y agoAs a lifelong NYC resident, I trust HUD a lot more than I trust the Rent Guidelines Board, appointed by the mayor and a total staff of like 9 people. The Rent Guidelines Board has been an advocate for landlords for as long as I've lived here. Even now: https://ny.curbed.com/2018/4/13/17234694/nyc-rent-stabilization-wars-2018 https://ny.curbed.com/2018/4/13/17234694/nyc-rent-stabilizat...