I think you're describing a different thing. Those vacant residential properties could be owned from someone overseas who has never been to NYC. I interpret pu

I think you're describing a different thing. Those vacant residential properties could be owned from someone overseas who has never been to NYC. I interpret pushing out wealthy residents to mean someone moving to Florida and living there most of the year to avoid paying NYC income taxes, even if they choose to keep their NYC condo. NYC suffers a drop in tax revenue and the housing supply doesn't necessarily get better.