My friends and I are early 30s professionals living in one of America's most expensive cities and making middle-class incomes. None of us can afford to buy or save for a home here. We all rent, but we're not broke. We save for kids and retirement and illness, but a home isn't in the cards. But recently, we think we might have found an unconventional loophole.
The report, published Tuesday, calls for NYCHA to keep better tabs on its vacant homes, the majority of which are awaiting-often extensive, and legally required-remediation work after the prior tenant moved out and before they can be rented again.
I was shocked at how vividly the contrast of the city's low and high density came to life when I visited the new exhibit at the Museum of the City of New York. What the model most powerfully shows is that most of the city is actually a suburb of one and two-story buildings. The New York of our minds, towering structures and vast numbers of people, is really quite limited.
The New York Real Estate Board recently confirmed what every New Yorker feels: we are in a housing free-fall. With a staggering shortfall of up to 540,000 units and a vacancy rate of just 1.4 percent, the pace of new construction is glacially slow. But the solution might be hiding in plain sight, tucked away behind the chain-link fences of our city's woefully underutilized golf courses.
