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There is no theory by which less of them results in lower rents for you and me.

People move here from NYC because of lower income taxes and more space; people also move here from outside the NYC metro because of better job opportunities. Location is the #1 determinant of whether someone moves, not whether there is new housing there. This is why gobs of millionaires live in crumbling old buildings in Manhattan and parts of Brooklyn.

If you don't build the yuppie fishtanks, the yuppies will simply outbid for your housing. Don't be mistaken and think they'll simply stay away - that's what they thought in San Francisco (and Manhattan and Brooklyn), and then the rich moved into the old housing, because they care about location and proximity to jobs, not whether the housing is new. They can always move in and gut renovate the inside, after all, or the landlord does it to take advantage of the higher rent they can pay.

Go ahead and tell me the group of people who lobby against increasing housing supply

I think I might understand their solution.

Where did I say they were the same?

Explain to me why you think the central bank's rate is the same as what a mortgage rate is

Rentals are still needed, people who just moved and young students need a place to stay, people getting out of domestic abuse and such need a place to stay, also there should still be an option available for those who don't want to deal with maintenance if we're talking about an ideal society. The real problem is rent growth. If there was enough supply to stop rent growth then not only does renting becomes more appealing, there is also no reason to "invest in housing" at that point driving the investors out naturally.

This will be my 3rd year living near grove st. rent went from 3127 -> 3850 -> 4800

> and in the United States from December 2008 through December 2015.

Literally in the very first paragraph. Embarassingly schlubby

> conditions with a very low nominal interest rate,

Very low nominal interest rate. C'mon schlub.

The median 1 bed in the heights on Hotpads is 1850, cheapest is 1500.

In Houston the median is 1350 and you can easily find listings for 900-1100 in a walkable area like Montrose. Need to pay 1.5x the price to live in the Heights

You continue to show how uneducated you are, as you post a wikipedia article about Japan's interest-rate policy with a note about what the Fed's position was after The Great Recession. Moreover, you're comparing the fed's rate vs mortgage interest that a consumer exposed to which are not mutually exclusive.

Why don't you speak to any of your successful friends, or anyone who has worked in finance/accounting, if they think a 2% difference in mortgage interest is significant or not :]

Not only a pussy, but also showing signs of a brittle ego. Keep it up!

It should certainly be investigated and action taken against them, how much it would help remains to be seen.

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Thank God I own my own place.

yea i believe so

Not enough but it’s a start

How is it pointless?

> Most rental properties – about seven-in-ten – are owned by individuals, who typically own just one or two properties, according to 2018 census data.

Seems like you can get more properties on the market by going after those who own more than one.

Thank you for your answer. We are also interested in 2 family house.

So are we just supposed to let billionaires do whatever they want because they might sue if we don't?

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Honestly, it's a good time to buy property in the journal square area. It’s really not a bad neighborhood. Easy access to mass transit and nyc. There are many ethnicities in the area and mom and pop shops. It’s pretty safe. And there is a bit of hustle and bustle… which you might appreciate since you live in Queens.

If I had the money, I would buy. My cousin has a small 2 story house that is 3 blocks from the Path. Developers are constantly trying to buy it from him. It’s worth close to 700,000.

In 5 years it’s going to look like another disneyfied soulless corporate ghetto.

Also, if you want to live even a slower life look at Bayonne. The market is hot and is also a good investment.

You can find plenty of places in the heights for less than 2k, too.

The organic farm stand is definitely expensive but their produce is beautiful. I usually shop at the other (non-organic) ones and I agree with you, if you’re buying in season fruit and veg and not exotic stuff like avocados or their extremely overpriced mediocre baked goods, you can get a lot for your money. And it’s better/fresher than what you get at the store.

It’s easy to tell the difference between what they actually grew themselves and what they buy in bulk to resell. Look at the packaging (if any—like plastic containers of berries or twisty ties around greens) and think about whether it’s normal for a farm in NJ to be growing that thing in March or whatever.

Synthetic?

Any chance you can post a nice printout that people can distribute?