New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much?

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Lane Brown
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Getting to the bottom of a COVID-era real estate mystery in New York City. All of the people who left the city should have left behind a surplus of empty apartments. What happened to them? And why is it so difficult and expensive to lease one now?

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Matthew Yglesias 1mos

This article poses a good question: How can rents be up in NYC if the population is down? But it settles for unsatisfying conspiracy theories when there's actually a pretty clear answer.