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A Renter's Market, If You Can Keep It: How NYC's Past Housing Booms Unlocked Tenant Power, Unit Quality, and Choice
https://www.maximumnewyork.com/p/the-joys-of-high-vacancy-rates
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The historical record is clear: high vacancy rates (5–8%) are great for renters, and more supply can get us there. NYC has solved housing supply crises before.