Define small? Even an additional 2-3% increase in supply can have quite a large affect on prices. For example, pre-covid, there was a vast number of vacant apa

Define small? Even an additional 2-3% increase in supply can have quite a large affect on prices. For example, pre-covid, there was a vast number of vacant apartments in NYC. https://www.6sqft.com/nearly-250000-nyc-rental-apartments-sit-vacant/ https://www.6sqft.com/nearly-250000-nyc-rental-apartments-si... But also being in NYC during COVID and watching the real estate market react, it feels far from an efficient market, as one side has more information, resources and time. https://www.businessinsider.com/new-york-city-rent-deals-landlords-holding-apartments-2021-3 https://www.businessinsider.com/new-york-city-rent-deals-lan...