zlacker

> rent in NYC hasn’t gone down

NYC hotel and housing prices have been artificially inflated by government buying accommodations for homeless during 2020/2021, then migrants.

>>walter+(OP)
So prices have been inflated by people living in them?

Is that artificial?

>>lostlo+p1
It is when the government, not the tenants, pay the rent

>>readth+L1
How so? What about if the government pays 50% and the tenant pays 50%? Where exactly is this line drawn?

>>dubcan+p4
In this specific instance, city government bought out entire hotels, reducing room inventory.

>>dubcan+p4
Yep, that would be artificial inflation too.