[digitallagasse]

If you artificially constrain the market then supply can't meet demand. Prices rise and only those with deep pockets can afford the available supply. In this case mom and pops and smaller companies being priced out by large companies. Combine that with supply being used as a piggy bank buying and holding can be worth it. This isn't just a NYC thing either. With those things in play the result is the same else where and likewise the complaints are the same as well.