A great example of why housing shouldn't be a commodity. All the zoning and legislation and agreements in the world will never change the fundamental fact that as long as these buildings are owned by speculants they will work tirelessly to make them as profitable as possible to them.

This is not a radical position. Most developed capitalist economies realised this and built public housing to ensure an adequate supply. Where this housing has not been wrecked by neoliberalism it always outperforms speculative housing in terms of rents, cost of operations and availability.