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A comment on Manhattan rents cross $5k threshold for first time. Parent comment

Re:Manhattan rents cross $5k threshold for first time by treeman79 on Thursday July 14, 2022 @11:05AM (#32096941)
New York did this. Rent control. It’s why they ended up with tons of slums.

We have tons of land In the US. Lots of people leave New York for cheaper places.

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Re:Manhattan rents cross $5k threshold for first time by shmatt on Thursday July 14, 2022 @11:18AM (#32097111)
I think a lot of office workers would love that idea, except they were told in the past ~3 months its back to the NYC office or they're fired.

The limited supply (3 years worth of eviction backlog) + office mandates hitting this spring are exactly why prices went crazy seemingly overnight after a pretty calm 2021

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