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>The city government on Friday announced it’d buy nearly 15,000 apartments from two large corporate landlords for 2.46 billion euros ($2.9 billion) to expand su
by closedloop129 4y ago
>The city government on Friday announced it’d buy nearly 15,000 apartments from two large corporate landlords for 2.46 billion euros ($2.9 billion) to expand supply.
How do you expand supply if you buy existing apartments? If they had taken the $2.9 billion and had built 15,000 new apartments, that would have expanded the supply.