The Negative Equilibrium of the Baptists and the Bootleggers

The only way of building more housing is to create incentives for private developers to build more. The new beneficiaries aren't voters, they're not living in Mumbai now. They'd like to live here. There's plenty of people who would like to come in, but they're not current voters. This is an unseen issue. It seems very simple to say that if we allow the greedy developers,. the greedy owners to raise prices, people, poor people, are going to be kicked out of their apartment buildings. And, of course, there's some truth to that. But it literally sometimes is killing people.