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Comment of the Day

"Maybe 25,659 sounds like a lot of new units for one year, but it's not. In a city with 3M residential dwellings, that's less than the 1% necessary to replace units lost to demolition and obsolesence. New York is dying for lack of new housing and the recent boom barely put a dent in demand."?anon [Dissecting the Real Estate Boom: 23,691 New Condos Built]