NYC: The world’s most expensive city.

[chris08876]

There just needs to be more units u/c. You know for all the large amounts of units that have risen or currently rising, say in the last 5 years, its still not enough. NY always underbuilds.

There has been some nice affordable housing momentum going on but as always, not enough of it.

Absolute crushing high demand and not enough fun to go around. This is where NJ is filling that void. Keep an eye on the units in Newark, Bayonne, and Jersey City; aiding that NYC demand.

Queens and Bronx are where a lot of units are rising, especially Queens.

[JManc]

Originally Posted by TWAK

^NYC is pretty awesome, especially from an urbanist point of view.
What's with the city vs poster stuff?

NYC is my favorite city in southern NYS.

[dc_denizen]

According to the census, NYC permitted 39,000 multifamily units in 2022 through October, 11,000 more than second place Dallas

Name 5 Units or More Num of Structures With 5 Units or More
New York-Newark-Jersey City, NY-NJ-PA 38908 1225
Dallas-Fort Worth-Arlington, TX 27632 556
Houston-The Woodlands-Sugar Land, TX 23353 745
Austin-Round Rock-Georgetown, TX 20120 417
Los Angeles-Long Beach-Anaheim, CA 16831 479
Washington-Arlington-Alexandria, DC-VA-MD-WV 16798 250
Atlanta-Sandy Springs-Alpharetta, GA 16594 407
Seattle-Tacoma-Bellevue, WA 15703 313
Phoenix-Mesa-Chandler, AZ 14853 462
Minneapolis-St. Paul-Bloomington, MN-WI 13721 238
San Antonio-New Braunfels, TX 11797 356
Denver-Aurora-Lakewood, CO 11334 227
Miami-Fort Lauderdale-Pompano Beach, FL 10944 293
Tampa-St. Petersburg-Clearwater, FL 10677 643
Orlando-Kissimmee-Sanford, FL 10546 279


https://www.census.gov/construction/bps/msamonthly.html

So it seems that the high cost is inducing a supply response.

for example

https://newyorkyimby.com/2022/12/con...te-plains.html

[Steely Dan]

Originally Posted by JManc

NYC is my favorite city in southern NYS.

Over Yonkers???

Surely you jest.