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It's nice that this will theoretically lower rental prices, but in practice there's no way that will happen. Demand is just too high. I don't believe that the n

It's nice that this will theoretically lower rental prices, but in practice there's no way that will happen. Demand is just too high. I don't believe that the number of short-term rentals was the difference between supply matching demand. The real solution is to build more apartment units and crack down on people subletting rent-controlled apartments where they haven't lived for years.

dh2424 3y ago
It will not solve the problem, but it will help.
sfpotter 3y ago
What percentage of NYC apartments are rent-controlled?
- DANmode 3y ago
  According to the Rent Guidelines Board in New York City, as of 2020, approximately 44.6% of apartments in NYC are rent stabilized or rent controlled. However, it's important to note that within this percentage, there is a distinction between rent stabilized and rent controlled units. Rent stabilization accounts for the majority of this percentage, while rent-controlled units represent a smaller portion. The exact breakdown between these two categories may vary over time due to changes in regulations and market conditions. - you know what
  - jiofj 3y ago
    That doesn't answer the question, in case you haven't noticed.
    - DANmode 3y ago
      It's the (intentionally, I'd imagine) best answer available.
totallywrong 3y ago
Just looked at prices out of curiosity. Tiny studios in Manhattan going for 3500. Not sure how people rationalize paying that for such small space. That's crazy to me, and I've lived in some very expensive global cities.
- wenc 3y ago
  Location location location. I would pay $3500 if it meant I could live in NYC. (I'd rather pay less, of course)
  - totallywrong 3y ago
    Priorities I guess. I would feel pretty stupid paying that money to live in a shoe box, wherever it might be located.
    - JambalayaJim 3y ago
      It’s a different lifestyle entirely. NYC has a million things to do - you aren’t spending your nights sitting at home watching Netflix.
      - totallywrong 3y ago
        > you aren’t spending your nights sitting at home watching Netflix You are though, most nights too, because there might be a million options but a normal person needs to rest and recharge at home a lot of the time.
        gorjusborg 3y ago
        I imagine disposable income is needed for some of those activities as well. Paying 3k for rent probably limits your options.
        JumpCrisscross 3y ago

dh2424 3y ago

It will not solve the problem, but it will help.

sfpotter 3y ago

What percentage of NYC apartments are rent-controlled?

DANmode 3y ago
According to the Rent Guidelines Board in New York City, as of 2020, approximately 44.6% of apartments in NYC are rent stabilized or rent controlled. However, it's important to note that within this percentage, there is a distinction between rent stabilized and rent controlled units. Rent stabilization accounts for the majority of this percentage, while rent-controlled units represent a smaller portion. The exact breakdown between these two categories may vary over time due to changes in regulations and market conditions. - you know what
- jiofj 3y ago
  That doesn't answer the question, in case you haven't noticed.
  - DANmode 3y ago
    It's the (intentionally, I'd imagine) best answer available.

totallywrong 3y ago

Just looked at prices out of curiosity. Tiny studios in Manhattan going for 3500. Not sure how people rationalize paying that for such small space. That's crazy to me, and I've lived in some very expensive global cities.

wenc 3y ago
Location location location. I would pay $3500 if it meant I could live in NYC. (I'd rather pay less, of course)
- totallywrong 3y ago
  Priorities I guess. I would feel pretty stupid paying that money to live in a shoe box, wherever it might be located.
  - JambalayaJim 3y ago
    It’s a different lifestyle entirely. NYC has a million things to do - you aren’t spending your nights sitting at home watching Netflix.
    - totallywrong 3y ago
      > you aren’t spending your nights sitting at home watching Netflix You are though, most nights too, because there might be a million options but a normal person needs to rest and recharge at home a lot of the time.
      - gorjusborg 3y ago
        I imagine disposable income is needed for some of those activities as well. Paying 3k for rent probably limits your options.
        JumpCrisscross 3y ago