The foreign money was a problem in NYC too. Lots of new buildings with empty apartments owned by international buyers. I like to view myself as a capitalist,

The foreign money was a problem in NYC too. Lots of new buildings with empty apartments owned by international buyers. I like to view myself as a capitalist, but this seems like a break-down of the system. I'm not sure if the problem is regulatory overhead making low-cost housing impossible to build, or what, but it does cause resentment.