In response to the NY Times article on how to make New York City more affordable, some posts pointed to vacant units.
Chris in Queens, for example, wrote:
That's followed by a long discussion - including how one might show the apartment owner is not really living there. But that question doesn't matter where landlords of large buildings with many rent-stabilized apartments are refusing to rent out those that become vacant. We need a better law!I would also like to see some kind of residency requirement, where if you own a property and you don't either rent it out or live in it for a certain amount of time, you have to pay a stiff penalty. I don't like that people can just buy property and sit on it, driving up housing costs for everyone else.