LogFAQs > #941882023

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Topic	25% of NYC apt renters haven't paid since March. Pushing city to breaking point.
Questionmarktarius 07/09/20 11:00:19 AM #37:	MrFingers07 posted... Maybe I'm just a dumbass here but there should be no reason why apartments cost so much over there. Simple supply/demand mechanisms. A whole bunch of people want to live in "the city" instead of Yonkers or over in Jersey somewhere, and rent control has split the market into low-end and luxury, without a hell of a lot in the middle. <cite>Questionmarktarius posted [p:941882023] in 25% of NYC... [t:78834422]...</cite> <quote>MrFingers07 posted... </cite> <quote>Maybe I'm just a dumbass here but there should be no reason why apartments cost so much over there.</quote>Simple supply/demand mechanisms. A whole bunch of people want to live in "the city" instead of Yonkers or over in Jersey somewhere, and rent control has split the market into low-end and luxury, without a hell of a lot in the middle. </quote> ... Copied to Clipboard!
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