The problem is the real estate market is very heavily regulated. So even if the market is demanding 50,000 more high-rise condo units be built...it can't happen

The problem is the real estate market is very heavily regulated. So even if the market is demanding 50,000 more high-rise condo units be built...it can't happen if the area only approves 5,000 units. That's why it is so important to have smart regulations that promote growth. In real estate, it is easy for certain groups to be anti-building because they know it will skyrocket their existing real estate investments.