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CactusBoyScout OP t1_izfu2qe wrote

Reply to comment by [deleted] in “Adams Plan Would Relax Rules for Developers Amid N.Y.C. Housing Crisis” The mayor proposed reducing requirements that he said slow the construction of new homes as the city contends with a housing crisis. by CactusBoyScout

This is just inaccurate, sorry.

NYC's population has grown by hundreds of thousands while housing supply has grown far more slowly.

We need 400,000 new housing units just to make up for the deficit we got ourselves into over the last decade.

There aren't half a million vacant apartments lying around. Supply is absolutely the problem. And there are only 38,000 rent-stabilized units being held vacant... mostly because the rent doesn't justify the renovations required.

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[deleted] t1_izfujy8 wrote

[deleted]

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CactusBoyScout OP t1_izfv2kk wrote

Sure. Here's a good starting point: https://en.wikipedia.org/wiki/New_York_City_housing_shortage

> Between 2009 and 2018, according to the New York City Comptroller, New York gained 500,000 new residents, but built only 100,000 new housing units.

And for vacant stabilized units: https://citylimits.org/2022/11/17/empty-rent-stabilized-units-in-nyc-decreased-this-year-as-warehousing-debate-rages/

> Property owners have registered 38,621 of the city’s roughly 1 million rent-stabilized units as vacant, according to the 2022 records provided by New York State Homes and Community Renewal (HCR).

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WikiSummarizerBot t1_izfv482 wrote

New York City housing shortage

>For many decades, the New York metropolitan area has suffered from an increasing shortage of housing. As a result, New York City has the second-highest rents of any city in the United States. Shortage has long been usual. World War I and World War II left housing shortages that persisted in peacetime.

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[deleted] t1_izfvv6c wrote

[deleted]

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CactusBoyScout OP t1_izfyyze wrote

You're not going to get super accurate population numbers after 2020 because that's when the last census was done. So it's just estimates after 2020.

But that census showed a growth of 629,000 people between 2010 and 2020.

Source: https://www.nytimes.com/2021/08/12/us/new-york-city-population-growth.html

And housing supply grew by 193,000 in that same period.

Source: https://storymaps.arcgis.com/stories/1c9138dc24064b2e8142ff156345a719

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