> you'd see 3-5x the number of proposed units as you do, or more. Why? I would think it depends on population growth, no? From what I hear [1] the population o

> you'd see 3-5x the number of proposed units as you do, or more. Why? I would think it depends on population growth, no? From what I hear [1] the population of NYC is actually shrinking (due to taxation and demographics). After seeing this number (127k units under construction) I'm actually optimistic that prices will drop medium term. [1] https://streeteasy.com/blog/nyc-population/ https://streeteasy.com/blog/nyc-population/