Answer the following about plans to increase affordability and density in response to housing shortages, for 10 points each.
[10h] In October 2023, this city’s mayor Ken Sim announced a plan to incentivize the construction of mixed-use “village” developments along SkyTrain lines to combat rising prices for multi-family dwellings in this city.
ANSWER: Vancouver, Canada
[10e] One approach driven by a pandemic-influenced decrease in demand involves converting this type of property where white-collar employees work, such as the former Pfizer headquarters in Manhattan, to residential property.
ANSWER: commercial property [or commercial real estate; accept office buildings]
[10m] To address the shortage of single-family homes, some politicians have targeted companies backed by these firms that include Blackstone and KKR. These firms invest in homes at scale solely for the purpose of renting them.
ANSWER: private equity firms [or PE firms or private equity funds; accept alternative investment managers; accept hedge funds; accept multi-asset investment funds]
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