Why 60,000 New York Apartments Sit Empty in a Housing Crisis, with Kenny Burgos

Podcast: Afford Anything | Get Smarter With Money · Paula Pant, Personal Finance Expert

Opublikowano: 2026-09-25

#753: New York City is short roughly half a million homes, yet at least 60,000 rent-regulated apartments sit empty. Under current rules, many owners lose less money by leaving them vacant than by fixing them up. Kenny Burgos is CEO of the New York Apartment Association, which represents owners of rent-stabilized buildings, and a former New York State Assemblymember from the Bronx. In this episode, we discuss: How New York's rent rules work, and why they've lasted since 1969 Why the typical New Yorker pays about $1,600 while listings ask $5,500 Why some...