Comment Comment by WarmWash New York City rent exists at an equilibrium.The draw for people to move there is so intense, that any draw downs in rent are met with upticks in immigration.Adding housing stock in NYC is not like adding housing stock in Lawnsdale Ohio. Almost by definition you cannot out build the demand for housing. parent WarmWash 5 months ago
The draw for people to move there is so intense, that any draw downs in rent are met with upticks in immigration.
Adding housing stock in NYC is not like adding housing stock in Lawnsdale Ohio. Almost by definition you cannot out build the demand for housing.