The answer is that governments like Jersey’s and New York’s just do not regulate the rental space at all. They let it run amok, and there’s just tons of skyscraper loft buildings that need to be filled and it drives up the rent for everything else around it.
elkishdude t1_j9tbkfw wrote
Reply to How are rents going up 10% again? by russokumo
The answer is that governments like Jersey’s and New York’s just do not regulate the rental space at all. They let it run amok, and there’s just tons of skyscraper loft buildings that need to be filled and it drives up the rent for everything else around it.