If you build it (outside of the trendy part of town), will new residents still come? In many of America's most expensive cities, builders are faced with an Apartment Complex of Dreams dillemma as they run out of space to build in the areas people most want to live.
From Bloomberg:
What happens next depends on whether voters and their elected officials rewrite zoning rules to allow denser construction, said [economist Issi] Romem, particularly in neighborhoods currently limited to single-family homes. Under current rules, he said, it's unlikely new housing will get built at affordable prices, pushing city-dwellers into a game of musical chairs rigged to favor the rich.
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