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> Fewer people living in one unit is how you get a shrinking population while the housing supply remains static. No, that's not how normal distributions work.
by chrisco255 3y ago
> Fewer people living in one unit is how you get a shrinking population while the housing supply remains static.
No, that's not how normal distributions work. Among the 5.3%, some significant portion of those left empty housing units in their wake. They weren't all 3rd roommates that left.
- CydeWeys 3y agoThe vacancy rate in NYC is really low right now. Those units aren't "left empty", they're quickly re-rented back out. It's just that the new tenants on average have fewer people living per unit than the old tenants.