Draconian rent regulation works its magic. Market demand focused on a handful of deregulated units for rent.
Desperate NYC Tenants Are Waging Bidding Wars, As Rental Demand Surges https://gothamist.com/news/desperate-nyc-tenants-are-waging-bidding-wars-rental-demand-surges?utm_medium=social&utm_source=twitter&utm_campaign=shared_twitter … via @gothamist
Anyway I just read the first tweet. I don’t think RS is the culprit other than that it doesn’t cover everyone and a system where some units are regulated and some are not is not good for those that are not
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I’m sympathetic to the idea that we need to build more housing and think RS’s impacts on production are kinda overblown
Thanks. Twitter will use this to make your timeline better. UndoUndo
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