I think everyone who has posted here - with the exception of 313WX and Hermod - need to take ECON 101.

Subsidies always distort the normal supply vs. demand pricing mechanism. The developers are still having to rely on economic development subsidies to make their business case and now the new CBD and Midtown residents are relying on $2,500 annual or $20,000 one-time payments to make their housing decision "business case".