LunchMasterFlex

LunchMasterFlex t1_izh86qu wrote

Yeah. It didn’t work then because you can’t withhold things people don’t want. People left faster than they could replace and they already held some stock vacant. Look at commercial rentals in manhattan. Land lords would rather hold a storefront empty and wait for another Starbucks than lower the price and give it to a small business owner.

And what’s the metric for vacancy? Actual empty units or units left in the market? Who reports the vacancies?

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LunchMasterFlex t1_izh1wap wrote

Build as much as you want, but as long as VC and developers are allowed to hold a percentage of their stock vacant to drive up scarcity, the prices will only go up. Tax pied a tierres, tax vacant rentals and real estate.

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