Yeah. We have a bad housing shortage, but it's hard to buy land. Hard to get a permit. Hard to meet the regulations. Hard to get a mortgage. Hard to get the utilities hooked up.
And the resulting building costs so much to pay off that the rent is too expensive for potential renters.
So it just sits there, empty.

People build apartment buildings and then are forbidden to rent them out because a regulation was added that you need 2 parking spaces per unit and they only have 1,75 per unit.
So it just sits there, empty.