[merkleee]

There is a limit, true, but that limit is 60 story high-rises. I doubt foreign demand would hold up very long if we built a few of those, but in any case, the union construction jobs, the aggregate demand, the development fees, and the letup in competition for ordinary housing would all be welcome.

[bottled_poe]

It is an interesting problem, since the construction of said high-rise buildings would itself affect the value of property in the area for many reasons (beyond just the increase in the supply).