re: The median rent in Manhattan is $5,000 a month

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Milei eliminated the housing crisis in Buenos Ares in 10 months by greatly reducing zoning restrictions on building new housing, eliminating rent controls, and reducing restrictions on cohabitation. No reason to think a similarly radical approach couldn’t have similar results in NYC.

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Tell me how you’re going to build more housing in NYC. You’re space limited. Only way is to go up, but you’d have to take down old buildings to do that, which becomes very expensive.

Reducing rent control same issue. That’s a move to increase potential profits for builders and owners, which brings new investment and expansion. But there’s not enough space.

Reducing restrictions on cohabitation? Maybe it reduces some renters, but likely not a ton enough to significantly impact market prices