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by callmeal 744 days ago
>you mean _because of_ supply and demand, rather than in spite of?

GP means _in spite of_. It's the only way to explain the number of apartments kept vacant to artificially reduce supply.

See below for instance.

https://www.thecity.nyc/2024/02/14/rent-stabilized-apartment...

  The latest New York City Housing and Vacancy survey estimates that last year 26,310 rent-stabilized apartments were “vacant but unavailable for rent,” down from about 43,000 in the same survey two years ago.
2 comments

26,000 out of 1,000,000 [1] is a vacancy rate of 2.6%, which is way below the expected vacancy rate of 6–8%.

[1]: https://www.nytimes.com/2023/04/20/nyregion/rent-stabilized-...

Why are you picking out 'rent-stabilized apartments'?

These are exactly the apartments where landlords have exactly zero ability to set price, let along to collude to fix prices.