re: Brooklyn's (Racist) Gentrification - In Picture Form

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NYC real estate is so regulated that only luxury housing is being built at this point.

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To be fair, NYC real estate prices don't have as much to do with regulation as it does bulletproof demand and wealthy foreigners buying property because all the investments in China and European investment markets are a complete shitshow. There was an article in the NY Times or WSJ about it. There are foreign investors buying floors of apartment buildings with no intent of ever moving in and furnishing them

Rental markets, now those are a shitshow because of regulation, but it probably helps as many elderly as it hurts young people.