Part 6/8:
Evidently, the problem of unaffordable housing extends beyond mere economics; it is also deeply rooted in the city's policies. New York's restrictive zoning laws inhibit the construction of new housing, exacerbating the existing crisis. With most of the prime real estate already occupied, the lack of sustainable new development leads to a dire shortage of starter homes. Potential building projects are often met with fierce opposition from current homeowners, who fear devaluation of their own properties.