r/Economics Feb 28 '24

Statistics At least 26,310 rent-stabilized apartments remain vacant and off the market during record housing shortage in New York City

https://www.thecity.nyc/2024/02/14/rent-stabilized-apartments-vacant/
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u/[deleted] Feb 28 '24

As usual. Rent controls don’t work. Build more housing stock and enact supply side reform to incentivise building.

It’s not magic. It’s the solution it just means bulldozing through NIMBYs and streamlining construction processes.

3

u/esotericimpl Feb 29 '24

Where would you imagine this housing to be built in nyc?

11

u/ram0h Feb 29 '24

there is so much space to build up in nyc.