According to the census over half a million people left NYC…The housing shortage in NYC is getting worse…The price of housing hasn’t dropped….
Now if over a half a million people people left the city one can reasonably expect there to be more houses and rental living space on the market…that doesn’t seem to be the case…Even if all the migrants were to get living space there are 5 times the amount of people who supposedly left the city then there are migrants…hmmm.
Well maybe landlords are hoarding livings space and losing money on Real estate taxes.. Mortgages and simple things like repairs …
Maybe the landlords are turning these living spaces into Airbnb but there is a crack in NYC on Airbnbs…
Perhaps there are even renters who are claiming to live in another state for lower tax purposes, but are really living in rent control apts…
Perhaps 🤔 yes perhaps the census Bureau is messing up….
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