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A comment on Goodbye, New York, California and Illinois – Hello where?. Parent comment

Re:Goodbye, New York, California and Illinois – Hello where? by jefftk on Saturday January 18, 2020 @07:18AM (#22084016)
Your article talks about 16k condos over 6y, which is ~3k/y. That's not zero, but that's really not very much housing compared to the ~8M population of NYC. I know this isn't the total of New York housing construction, but it's so little you wouldn't expect it to help much.

For example, during the 1920s NYC was building housing at about 7%/y! Housing was much cheaper then, and through the period of low demand, but when demand picked up again we didn't let people resume building at anywhere near historical rates.

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Re:Goodbye, New York, California and Illinois – Hello where? by jefftk on Saturday January 18, 2020 @02:08PM (#22086357)
I found total construction numbers: ~25k new units in 2017, depending on how you count (https://www1.nyc.gov/assets/rentguidelinesboard/pdf/18HSR.pd...)

That's only about 0.3% housing growth.

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Re:Goodbye, New York, California and Illinois – Hello where? by jefftk on Saturday January 18, 2020 @02:57PM (#22086693)
Sorry, I used 8M people as the denominator for growth instead of 3.5M units, so it's more like 0.7%
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Re:Goodbye, New York, California and Illinois – Hello where? by jefftk on Saturday January 18, 2020 @03:54PM (#22087123)
Expanded this into a post: https://www.jefftk.com/p/is-nyc-building-much-housing
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