The weird part is, in New York vacancy is because the rent is so high or the price is so high that investment firms are unwilling to let people live there for f

The weird part is, in New York vacancy is because the rent is so high or the price is so high that investment firms are unwilling to let people live there for fear that it'll drive down prices. They rather make 300% gains on 70% of their properties and let 30% go vacant, than let those 30% get sold/rented and let all prices drop to normal rates.