4 ms·
Ever been to NYC?
by TedShiller 5y ago
Ever been to NYC?
- kevinburke 5y agoYes, New York is expensive because it doesn't build enough housing. Per capita, New York builds less new housing than California (1.8 permits per 1000 residents vs. 2.7 permits), and that's saying something, because California does not build a lot of housing. New construction in NYC is opposed by residents who are opposed to the Manhattanization of Manhattan. Michael Bloomberg significantly downzoned the city while he was in office. Tokyo is even bigger than New York, and you can rent a one bedroom in the heart of downtown for $1,000 a month, because they actually build a lot of new housing there. "New York City issued fewer housing unit permits on a per capita basis than nearly every other large city, including not only fast-growing Seattle and Austin, but also cities that face similar constraints to development. New York issued permits for 40 percent fewer units per capita than San Francisco, half as many as Boston, and nearly two-thirds less than Washington, D.C. New York also lags on other metrics like the net change in the number of housing units." https://cbcny.org/research/strategies-boost-housing-production-new-york-city-metropolitan-area https://cbcny.org/research/strategies-boost-housing-producti...
- TedShiller 5y agoWell there ya go
- TulliusCicero 5y agoAre you talking about the place that made 40% of the buildings in Manhattan illegal by passing stricter zoning regulations? That NYC?