I think the problem is too many people benefit from the shortage of residential space. It would only become feasible to convert these if all the right people co

I think the problem is too many people benefit from the shortage of residential space. It would only become feasible to convert these if all the right people could be arranged to benefit. Since many in city government already are involved in residential real estate, as are many of their friends and families, why should they facilitate a large sudden increase in housing stock?