Jan 192020

New York’s luxury real-estate market has been in freefall for years, and now the city’s super-luxe buildings are sitting empty — even as property prices in the city remain stubbornly high, prompting 300 New Yorkers to move out of the city every day, and filling the homeless shelters to capacity and beyond. New York — like most overpriced cities — has failed to build enough low- and middle-income housing of the sort that people use…

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