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Re: 1. Like I said, it's sad, pathetic, and shouldn't have happened, but you have no choice. Re: 2. This is some of the most valuable real estate in the world. Sell the land to private developers and rebuild nice housing projects outside of areas like Manhattan.
2 (continued), It will create homelessness, it will be sad, and it will be painful but with the looming tax crisis it simply does not make sense to have people paying $300/month rent on land that, in aggregate, is probably worth ~500 billion.
