Submitted by Blecher_onthe_Hudson t3_11a2qwh in jerseycity
DirectorBeneficial48 t1_j9rpbvn wrote
Reply to comment by PixelSquish in Want to know why NY metro housing is expensive? Answer in NYTimes OP-ED by Blecher_onthe_Hudson
We're not behind in supply. There are more empty homes than there are unhoused people even. There are hundreds of thousands of units unrented in NYC alone. The argument that building more and with more density will reduce rents has literally not held up anywhere. I'm just going to respond to this by calling you a fucking idiot who isn't showing their work because that's literally all you're doing.
You don't have a fucking clue because your argument is not holding water. There are other solutions. BUILD MOAR is not the answer. You're a fucking idiot who isn't showing their work
PixelSquish t1_j9rpub6 wrote
You are posting numbers with no context, because you want to ignore reality.
https://www.nar.realtor/magazine/real-estate-news/16-million-homes-vacant-in-us
Small town America is dying, as you see from this list, the highest ratio of empty homes are in places where nobody wants to live or can't be productive enough to live. Housing in those places is pointless and not solving anything. This is basic data and knowledge. Empty houses in those places is a pointless statistic.
Sure there are empty units sitting in populated areas where the wealthy park their money, and that should be addressed, I am all for that too, but it is nowhere near the big part of the problem.
You haven't posted an iota of work. Want me to link one of the many supported articles that shows we are over 4 million housing units short where people need and want to live? I suspect you'll gloss over that and repeat your nonsense that completely ignores reality and common sense.
DirectorBeneficial48 t1_j9rqxip wrote
https://www.thecity.nyc/2022/5/17/23108792/nyc-apartment-vacancy-rate-housing-emergency
>New York City has more vacant apartments overall than it did five years ago even as units with monthly rents under $1,500 have dried up, according to a new report that also shows maintenance issues are surging across the board.
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>...
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> The report found that 4.54% of all New York apartments are vacant as of 2021. That’s up from 3.63% in 2017, the last time the survey was completed.
Simply building more does not equate with lower rents. You're a fucking idiot who isn't showing their work
PixelSquish t1_j9rrn3d wrote
Those numbers are still drops in the bucket of what we need. And it would NOT be profitable to only charge higher rents, as that article states about most vacant spots, if there was enough supply where it would be a lot harder for landlords to hold out for higher rents. Now they can do it, and people like you make it possible. Renters and buyers would just have more supply to choose from if you let housing be built, and the prices would stabilize. That is the problem.
Tell me, why do you want to continue to fuck over the middle and lower classes by keeping housing prices so high.
Wall Street is buying up real estate like mad. And they'll gladly tell you why. Housing prices are artificially inflated because there are way too many obstacles to building new housing, so they can make bank due to lack of supply.
Do you work for unethical exploitative Wall Street corps? Because then this would make sense.
DirectorBeneficial48 t1_j9rsnaf wrote
>Tell me, why do you want to continue to fuck over the middle and lower classes by keeping housing prices so high.
You're even dumber than I think you are, and I think you're incredibly fucking dumb, because my own personal solutions to this problem are way more helpful to the poor and middle classes than BUILD MOAR. Think Mao.
You're a fucking idiot who isn't showing their work
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