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| Re: I Am Not Panicking (1975911) | |||
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Re: I Am Not Panicking |
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Posted by AlM on Tue Jan 9 10:48:38 2024, in response to Re: I Am Not Panicking, posted by Peter Rosa on Tue Jan 9 10:11:02 2024. TNHIW.Rents are lower because of regulation. Supply is kept down by regulation. Also, that is only a fully sound economic argument if all rents are regulated. But rents on new construction are not regulated at all. So you can't actually demonstrate that rent regulation is reducing supply. I would say that NYC's excessive regulation of new construction (zoning, Buildings Department rules, etc.), not related to rents, is reducing supply. |
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