UNEXPECTEDLY:
New York City implemented vacancy control, banned Airbnb, has rent control, etc
And the monthly rent on a one bedroom apartment
Just hit $4500 pic.twitter.com/UGNgvqgBCw
— Rohin Dhar (@rohindhar) August 27, 2024
If only there were some kind of law about the relationship between supply and demand and how they affect prices. Something so simple that you could plot it on a curve easy enough for politicians and voters to understand.