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Can building luxury condos fix the affordable housing crisis?

The answer is more complicated than you think If you’re paying a lot of money to live in a city, you probably eye the cranes clustering around new housing megadevelopments with suspicion. Surely all those high-priced, cloud-piercing skyscrapers are the reason your rent keeps going up, right? This, in fact, is the million-dollar question facing cities today: Aren’t all these new luxury towers just making the housing crisis worse? When I started talking about New York City skyscraper “myths” with economist Jason M.
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