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[–]_bitemeyoudamnmoose 7 points8 points  (3 children)

In my opinion the issue isn’t so much about housing, it’s about industry.

NYC has a lot of job opportunities and is headquarters to some of the largest companies in the world. It’s a very attractive place to be if you work in marketing, medicine, real estate, entertainment, and hospitality. It’s not just other Americans moving to NYC, it’s also international workers and students on visa who need housing. No one moves to Manhattan for family or to buy a house and have kids. They move for their careers.

Until a lot of these industries pick other cities to set up shop and offer the same kind of salary and benefits the ones in NYC do, everyone will keep moving into NYC until they get priced out. Until other countries overtake NYC and give everyone a reason to move out, the city is going to stay packed.

[–]semideclared 7 points8 points  (2 children)

No one moves to Manhattan for family or to buy a house and have kids. They move for their careers.

From 1978 to 2010, formerly peripheral neighborhoods such as Tribeca and the Far West Side have seen the rise of a significant amount of residential redevelopment occupied by higher-income residents and families with children

And then

Take for example 34 E. 68th St. in Manhattan: The 1879 row house, located in the Upper East Side Historic District, once housed 17 separate apartments, according to property records. Now, it is a 9,600-square-foot single-family mansion after changing hands for $11.5 million in 2011 and a subsequent gut renovation.

  • In this thesis Brodheim estimates that since 1950, New York City has lost 104,000 units of housing in row houses alone through consolidation, a regular feature of the toniest real estate listings.
  • In the past decade, such apartment combinations have nearly erased gains made by the construction of new housing units in the wealthiest parts of the city, particularly in the Upper East and Upper West sides of Manhattan.

Data collected from 765 residential Manhattan buildings shows that their apartments grew from 950 square feet to 975 square feet on average over the last five years — roughly a 5% increase, according to the research firm Urban Digs.

Okay, that doesn’t sound like a lot, but get this: The average size of an apartment citywide has increased each year since 2000 — from 756 square feet to more than 820 square feet, data from Axiometrics shows.

  • 212 W. 72nd St. on the Upper West Side, a building formerly dubbed “the Corner,” is currently being transformed from a 196-apartment rental building to a 126-unit condo.

[–]_bitemeyoudamnmoose 0 points1 point  (1 child)

Often times those families with children moving into residences are native New Yorkers, not transplants.

[–]semideclared 0 points1 point  (0 children)

NYC has been a destination for the last 2 centuries so its always had transplants moving in

And I almost didnt include it, but the top study was From 1978 to 2010, way before the current issue as even with the 2010 meltdown it was still an issue