Rufus Hickok: Okay, but: "The vacancy rate is calculated by first totaling the number of homes “available to rent” in the city. This does not include vacant apartments that are “dilapidated” or empty because the owner uses the unit as a pied-à-terre or a short-term rental, like an Airbnb."

Okay, but: "The vacancy rate is calculated by first totaling the number of homes “available to rent” in the city. This does not include vacant apartments that are “dilapidated” or empty because the owner uses the unit as a pied-à-terre or a short-term rental, like an Airbnb."

New York City’s Housing Crunch Is the Worst It Has Been in Over 50 Yearswww.nytimes.com Only 1.4 percent of the city’s rentals were available in 2023, according to new data, the lowest portion since 1968. The market was even tighter for lower-cost apartments.

Look, I agree they need to build a cubic fuckton of new apartments. No doubt. I'm just trying to figure out how the NYC population declining by roughly 9.26% since 2020 has accelerated the housing crunch.

The city lost more than half a million people, which has, somehow, led to far fewer apartments being available and the highest rents in North America.... and it's apparently because "so many people want to live here".

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