Comment by purrcat259

Its definitely mostly entrenched interests that are the issue.

Funny you mention mercury tower. Thats a rich person's idea of what good housing is... which is way over the price any middle or even upper class person can afford. It isn't affordable housing, it's a parking lot for excess liquidity.

For what its worth it's the raising of property height limits that helped kick off a lot of the construction boom. One could argue the situation was better when the restrictions were bigger.