Which will directly translate into rents increasing at an even faster pace
mr_ji on
Where is there left to build?
GregBahm on
Weird chart given the headline. Is the idea here that housing production in New York City has been stagnate for the last hundred years?
I get that there’s a creepy alliance between real estate developers and easily manipulated Gen A kids on reddit who will happily upvote a policy to bulldoze every single-family-home to make way for ever higher apartment complexes.
But a chart showing “there has been a fairly stable rate of housing development in New York since the 1920s” is a very weird piece of data to show in support of this agenda.
getoutofmywhey on
Surely it has nothing to do with the city 20% affordable housing requirements and the statewide all-electric building mandate.
oatmealparty on
Jersey City with less than 4% the population of NYC has built more housing inventory than NYC in the last couple years. Idk what’s going in NYC but shit needs to change because it’s fucking up the house and rent prices in the entire region.
toodlesandpoodles on
3 decades with more bulding than the previous decade and 6 with less since 1920 and your takeaway is that housing production has stagnated? That is some long reaching. What is the housing demand? What is the vacancy rate? 10 years is a long time frame, and your data is missing the last 5 years.
Splinterfight on
Seems more like it’s been fairly consistent outside the 1920s
K04free on
Manhattan fights tooth and nail to save every scrap of land from development. It’s a bit tricky since Manhattan is so developed almost every new development involves tearing down an existing building or public space. There was a HUGE debate about building 300 units in east village (some were low income units) because it would involve limiting public green space.
Then you have rent control and rent stabilization leading to overhousing.
8 Comments
Which will directly translate into rents increasing at an even faster pace
Where is there left to build?
Weird chart given the headline. Is the idea here that housing production in New York City has been stagnate for the last hundred years?
I get that there’s a creepy alliance between real estate developers and easily manipulated Gen A kids on reddit who will happily upvote a policy to bulldoze every single-family-home to make way for ever higher apartment complexes.
But a chart showing “there has been a fairly stable rate of housing development in New York since the 1920s” is a very weird piece of data to show in support of this agenda.
Surely it has nothing to do with the city 20% affordable housing requirements and the statewide all-electric building mandate.
Jersey City with less than 4% the population of NYC has built more housing inventory than NYC in the last couple years. Idk what’s going in NYC but shit needs to change because it’s fucking up the house and rent prices in the entire region.
3 decades with more bulding than the previous decade and 6 with less since 1920 and your takeaway is that housing production has stagnated? That is some long reaching. What is the housing demand? What is the vacancy rate? 10 years is a long time frame, and your data is missing the last 5 years.
Seems more like it’s been fairly consistent outside the 1920s
Manhattan fights tooth and nail to save every scrap of land from development. It’s a bit tricky since Manhattan is so developed almost every new development involves tearing down an existing building or public space. There was a HUGE debate about building 300 units in east village (some were low income units) because it would involve limiting public green space.
Then you have rent control and rent stabilization leading to overhousing.