rockypoint


I’m Zackary Zarrillo, and I’m a music blogger, artist manager, record label owner + employee, and podcaster in Philadelphia, PA and New York City, NY.
Stash Pad
Stash Pad

parislemon:

Andrew Rice:

And so New Yorkers with garden-variety affluence—the kind of buyers who require mortgages—are facing disheartening price wars as they compete for scarce inventory with investors who may seldom even turn on a light switch. The Census Bureau estimates that 30 percent of all apartments in the quadrant from 49th to 70th Streets between Fifth and Park are vacant at least ten months a year.

30 percent. That’s insane.

Hard to know what a good solution is. A law requiring you to be present for a certain amount of time seems too restrictive. So does one requiring you rent it out full-time. So maybe Airbnb? I’m only half kidding.

This is wild.

Reblogged from: parislemon