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>There isn’t enough housing. Last checked at least 10% of NY apartments sat empty (landlords holding out for rents to go up). https://www.wsj.com/articles/man
by iwwr 5y ago
>There isn’t enough housing.
Last checked at least 10% of NY apartments sat empty (landlords holding out for rents to go up).
https://www.wsj.com/articles/manhattans-apartment-vacancy-rate-is-stubbornly-high-11621519206 https://www.wsj.com/articles/manhattans-apartment-vacancy-ra...
- sumedh 5y agoI dont think those landlords want low income tenants.
- Red_Leaves_Flyy 5y agoI don’t think these landlords should have the privilege to refuse willing tenants at any price without paying handsomely for the wasteful privilege of keeping potential homes off of the market.
- wan23 5y agoThe vacancy rate is generally low in New York. During Covid, it rose as high as 10% in Manhattan, as many well off people left the city, but at the end of 2019 the vacancy rate in the entire city was just under 2%. The easy way to tell that there isn't enough housing is to think about how many people live in undesirable living situations such as living in an illegal basement or having a roommate in a 1 bedroom apartment. That's how we fit as many people we have into the space that is available.