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by callmeal
744 days ago
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>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.
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[1]: https://www.nytimes.com/2023/04/20/nyregion/rent-stabilized-...