If you believe that there really is some great demand for housing downtown, why hasn't a single building been built or renovated absent significant subsidies?
That's all the proof I need. Not a damn thing gets built without taxpayer dollars. There just isn't sufficient demand right now.
And you should call up the big downtown property owners, because strangely they have lots of advertised vacancies. Lafayettte Park has highrise doorman rentals available from $575, which is extremely affordable and not remotely indicative of some huge shortage of living space.
In a thriving city a downtown highrise doorman building will have rents starting at 3k a month or higher not $575. In a thriving city you don't have taxpayer subsidized buildings like Book-Cadillac that haven't sold out after nearly 10 years of marketing and price cuts.
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