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> rent in NYC hasn’t gone down

NYC hotel and housing prices have been artificially inflated by government buying accommodations for homeless during 2020/2021, then migrants.



So prices have been inflated by people living in them?

Is that artificial?


It is when the government, not the tenants, pay the rent


How so? What about if the government pays 50% and the tenant pays 50%? Where exactly is this line drawn?


In this specific instance, city government bought out entire hotels, reducing room inventory.


Yep, that would be artificial inflation too.




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