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Market rate apts do not outnumber RR apts two to one. Unless you are counting owner occupied units.
There are 3M houing units in NYC.
1M are owner occupied - meaning that they are not part of the rental stock.
1M are Rent Stablizid
about 50K are Rent Controlled
1M are market rate.
A more accurate statement with the correct emphasis would be that 50% of the rental units in nyc are rent regulated.
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Market rate apts do not outnumber RR apts two to one. Unless you are counting owner occupied units.
There are 3M houing units in NYC.
1M are owner occupied - meaning that they are not part of the rental stock.
1M are Rent Stablizid
about 50K are Rent Controlled
1M are market rate.
A more accurate statement with the correct emphasis would be that 50% of the rental units in nyc are rent regulated.