Unlock the inventory: Warehousing of rental units is one contributor to high rents ...Middle East

We all think we have a grasp of the basic economic principles of supply and demand, but New York’s rental market seems to run counter. Home prices are dropping, yet rental prices in this renters’ city keep going up. The city is supposedly losing population, yet would-be tenants are having bidding wars. We know that the city needs to build many more affordable apartments badly, but beyond that, what’s going on?

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