The cost of construction is not why housing is unaffordable c'mon bro
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That's not aggressive enough: all those vacant storefronts could be dezoned to allow residential occupants. But more importantly, currently occupied non-primary residence units should also be eminent-domained. Even if 1% of those were seized it would wreak havoc with the market.
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The essential problem is this: it's considered politically untenable to seize the property of rich people, but it is absolutely tenable to have a permanent, multigenerational housing crisis in New York City.
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And properties that are mismanaged to be distributed to the tenants. Strip the slum lords of their properties.
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