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>you mean _because of_ supply and demand, rather than in spite of? GP means _in spite of_. It's the only way to explain the number of apartments kept vacant to
by callmeal 2y ago
>you mean _because of_ supply and demand, rather than in spite of?
GP means _in spite of_. It's the only way to explain the number of apartments kept vacant to artificially reduce supply.
See below for instance.
https://www.thecity.nyc/2024/02/14/rent-stabilized-apartments-vacant/ https://www.thecity.nyc/2024/02/14/rent-stabilized-apartment...
The latest New York City Housing and Vacancy survey estimates that last year 26,310 rent-stabilized apartments were “vacant but unavailable for rent,” down from about 43,000 in the same survey two years ago.
- rahimnathwani 2y agoWhy are you picking out 'rent-stabilized apartments'? These are exactly the apartments where landlords have exactly zero ability to set price, let along to collude to fix prices.
- crooked-v 2y ago26,000 out of 1,000,000 [1] is a vacancy rate of 2.6%, which is way below the expected vacancy rate of 6–8%. [1]: https://www.nytimes.com/2023/04/20/nyregion/rent-stabilized-apartments-nyc.html https://www.nytimes.com/2023/04/20/nyregion/rent-stabilized-...