4 ms·
Is that "mass exodus" really that sticky though? At least in NYC, rents are back up above what they were pre-pandemic. Nobody I know can find an apartment.
by heyjamesknight 3y ago
Is that "mass exodus" really that sticky though? At least in NYC, rents are back up above what they were pre-pandemic. Nobody I know can find an apartment.
- gotaran 3y agoNYC’s population is still below pre pandemic levels. . Exorbitant rent prices there are due to multiple factors, but population increase is not one of them: https://www.thecity.nyc/2023/8/4/23819420/why-is-nyc-rent-so-high https://www.thecity.nyc/2023/8/4/23819420/why-is-nyc-rent-so....
- jeffbee 3y agoYes but this is not really exodus. What happened at the onset of COVID was that the domestic migration out of coastal megacities continued apace, and the international migration into coastal cities abruptly stopped. You have to look at both flows to understand the population process.
- eru 3y agoIsn't not being able to find an apartment more of a function of rent control than anything else? In eg Singapore rents are also up, but finding an apartment is just as easy (or hard) as ever. You just have to pay up.