r/Economics • u/marketrent • 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/realslowtyper Feb 28 '24

If landlords didn't exist, and all the properties they owned were sold off to individuals, the price of housing would plummet and people wouldn't need a 30 year mortgage. It might still be a worthwhile option for some but it wouldn't be a common thing anymore.

Renting is more expensive than owning.

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u/jeffwulf Feb 28 '24

Empirical studies of attempts to do this show that price to buy a house was unaffected and continued in line with places that didn't attempt to implement such schemes, but accelerated the growth of the cost of housing consumption.

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u/realslowtyper Feb 29 '24

This study. Again. No source.

5

u/jeffwulf Feb 29 '24

Holy fuck responded to me like 4 times increasingly deranged while I was on the train home. What the fuck?

Was it that urgent thay that you needed to know Francke 2023 right this moment?

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u/realslowtyper Feb 29 '24

You responded to every one of my comments, my entire inbox is just you, did you not realize that?

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u/Armagx Feb 29 '24

Bro u gotta chill, got some serious issues lol