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CactusBoyScout OP t1_izhgwr3 wrote on December 9, 2022 at 3:23 AM

Reply to comment by Scruffyy90 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

Luxury apartments still take pressure off the market. Those rich people will just outbid you for your next apartment if they don't get built.

And vacant apartments are a vastly overstated problem. The city's vacancy rate is extremely low.