King-of-New-York OP t1_j1yl5ia wrote
“Housing in New York has become so unaffordable that it is impossible to ignore. Rents in already famously expensive New York City have reached mind-bending new records, and the vacancy rate for inexpensive homes is almost zero. But the crisis doesn’t end at city limits; the lack of housing in New York’s major suburbs is also a major contributor to soaring rents in the nation’s largest metropolitan area. NYU’s Furman Center found that “New York’s suburbs are failing to build any significant amount of housing,” as Long Island permitted barely 3,000 new homes per year over the last two decades, while Westchester and the Hudson Valley permitted under 5,000 new homes per year.”
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