And I thought everybody is leaving NYC, so why are rents going up?
Landlords took tens of thousands of apartments off the market after the city illegally implemented the eviction moratorium for COVID-1984. More will come off the market until landlords have ironclad protection from such Communist diktats in the future.
Landlords still owed taxes to the city for properties they couldn't collect rent for. Some owners were forced into bankruptcy while their tenants continued to live in apartments without paying rent.