LMAO. It's not giant real estate corporations controlling the supply. Its local homeowners. There was one neighborhood activist group that fought to preserve a parking lot.

>they can keep it low and prices high simply by sitting on units and not putting them on the market, and then use those vacancies to claim losses. it's a win-win for them to keep rents high even while building more units.

This is also bullshit. Look up vacancy rates in New York.

Also, why do people think that landlords are playing this convoluted long con of keeping units off the market for long periods of time, earning zero rental income, in the hopes of earning more rental income sometime int he distant future? How does that work?