Missed the forest for the trees. Supply is short, and lots of government regulations distort the market (mainly risk). Federal US has been chronically underperforming with regards to the supply of housing. Extra distortions on the margins in NYC.
Missed the forest for the trees. Supply is short, and lots of government regulations distort the market (mainly risk). Federal US has been chronically underperforming with regards to the supply of housing. Extra distortions on the margins in NYC.