Supply for the vast majority of New Yorkers, and supply for the very poorest // These problems must be disambiguated // Supply for the vast majority is the key to addressing both supply problems
Agree that that increasing the production and thus the supply of market rate housing units (for sale or rent) is a key to solving the affordability problem. But isn’t part of the problem a change how residential units and land zoned to allow their production are being consumed? When units purchased or rented as pied-a-tierre they are not available to individuals or families shopping for a full-time residence. https://rpa.org/news/lab/nyc-hits-new-pied-tierre-peak-amidst-housing-crisis
Agree that that increasing the production and thus the supply of market rate housing units (for sale or rent) is a key to solving the affordability problem. But isn’t part of the problem a change how residential units and land zoned to allow their production are being consumed? When units purchased or rented as pied-a-tierre they are not available to individuals or families shopping for a full-time residence. https://rpa.org/news/lab/nyc-hits-new-pied-tierre-peak-amidst-housing-crisis
Nor are units lost to consolidation, perhaps to accommodate a family comfortably, but also to recreate gilded age size mansions. https://www.nytimes.com/2023/10/19/nyregion/nyc-apartments-housing-crisis.html
And some of the largest new luxury towers fill massive interior space with very large units (thus relatively few), many of them uses as pied-a-terre. https://www.6sqft.com/infographic-how-nycs-supertalls-compare-in-height-and-girth-to-international-towers/