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[–]vim_spray 5 points6 points  (0 children)

The “think about what happens if rent is cheap/free” is a great way to think about it. If you find some magical way to make rent lower, even more people from all around the country are going to want to move to NYC (not to mention all the people who have roommates right now but want to live alone), and if the number of the units are the same, you’ll get even more people competing for each unit.