3 ms·
> rent in NYC hasn’t gone down NYC hotel and housing prices have been artificially inflated by government buying accommodations for homeless during 2020/2021,
by walterbell 2y ago
> rent in NYC hasn’t gone down
NYC hotel and housing prices have been artificially inflated by government buying accommodations for homeless during 2020/2021, then migrants.
- lostlogin 2y agoSo prices have been inflated by people living in them? Is that artificial?
- readthenotes1 2y agoIt is when the government, not the tenants, pay the rent
- dubcanada 2y agoHow so? What about if the government pays 50% and the tenant pays 50%? Where exactly is this line drawn?
- walterbell 2y agoIn this specific instance, city government bought out entire hotels, reducing room inventory.
- HDThoreaun 2y agoYep, that would be artificial inflation too.
- deleted 2y ago[deleted]