More apartments built will not help make housing more affordable for normal people.
Learn about the NYC real estate market- even pre covid apartment vacancy was extremely high, and the true numbers are unknown because building developers are manipulating the market by releasing units slowly.
With all the excessive inventory in NYC, you'd think that a normal person (defined by median income) could afford to buy... But it's still not possible here.
More apartments built will not help make housing more affordable for normal people.
Learn about the NYC real estate market- even pre covid apartment vacancy was extremely high, and the true numbers are unknown because building developers are manipulating the market by releasing units slowly.
With all the excessive inventory in NYC, you'd think that a normal person (defined by median income) could afford to buy... But it's still not possible here.