Rent in NYC without paying broker fees

Re:Rent in NYC without paying broker fees by ls612 on Wednesday July 20, 2022 @03:55PM (#32171297)

I think this is a purely New York problem because NYC has been captured by an alliance of property owners and leftist activists who both oppose new development (albeit for differing reasons)

The result is that there is a shortage of housing in NYC and this system pops up to try and extract economic rents from the situation.

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Re:Rent in NYC without paying broker fees by kar5pt on Wednesday July 20, 2022 @08:28PM (#32174290)

Can you provide any examples of "leftist activists" opposing building non-luxury housing?

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Re:Rent in NYC without paying broker fees by JustLurking2022 on Wednesday July 20, 2022 @09:06PM (#32174567)

Not the original commenter but, from past articles I've read the most effective way to create affordable housing is to let developers build new luxury housing. That has the ripple effect of directing the old luxury housing to become more affordable, since it's no longer the new thing.

Unfortunately, the economics of building new housing on extremely expensive real estate, targeting an "affordable" price point just don't incentivize as much construction as the city needs.

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