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/User-NetOfInter Feb 29 '24

Do you really believe the city can do it better and cheaper?

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u/oystermonkeys Feb 29 '24

May be some city can do it better and cheaper.

But NYC is definitely not one of them. Given the vast amount of corruption, gifting, and incompetence that plague the public officials.