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You're playing semantics. If there aren't physically enough homes in NYC for the number of interested buyers there is Scarcity. Talking about that source of tha
by fusionbro 5y ago
You're playing semantics. If there aren't physically enough homes in NYC for the number of interested buyers there is Scarcity. Talking about that source of that scarcity is irrelevant. Re-Zoning fixes nothing in the short term and scarcity will remain. Even if you re-zoned you need to physically build up inventory which takes years.
- ajsnigrutin 5y agoYes, and new york (and san francisco, and many other places) are in a housing crisis for years now, and have not started any major building projects nor liberalized building larg(er) apartment buildings (in case of san francisco). The best time to start building was 10, 15, 20 years ago, the next best time is now.