3 ms·
This article is mostly about the NYC submarket of the metro NYC market. NYC used to contain much of the working-class housing in the NYC metro area, but as dema
by akgerber 13y ago
This article is mostly about the NYC submarket of the metro NYC market. NYC used to contain much of the working-class housing in the NYC metro area, but as demand for NYC housing has increased as urban living has become desirable, a lot of that working-class housing has moved upmarket, while new working-class housing has barely been created.
So in the NYC submarket, total demand has definitely increased.
Outside of city limits, it is often somewhere between illegal and very difficult to build new multifamily housing.