Some people in New York are starting to ask questions about housing subsidies. Especially housing subsidies for rich people.
Again, I know New York and Pittsburgh are different markets. REALLY different. But this is a pretty broad issue. It's not so much about whether people should build luxury apartments. It's about whether or not luxury apartments are the best investment, given finite resources.
What's also striking is how incredibly complex these programs are. No, it's not surprising. But even in this short article, you get a sense of all the horse trading that goes on. Maybe the market ain't perfect. But neither is this.