Honestly, slums themselves meet that description. People who don’t need them just dislike having to look at or think about them, which is hella elitist.

New buildings won’t mean anything if the wealthy are building and running them (and charging rents). Send a respectful letter to your new government pointing this out!

You know, the actual quantitative evidence is pretty strong that particular market is competitive. If anything, being a landlord is a relatively bad investment of a million dollars. I fully expect that if the NIMBYs don’t derail it, more supply will end the problem.