There’s too much luxury housing. It’s weighing down prices — and slowing development

There is something I call the Dictator's Treadmill: once you get on, you can’t get off, because falling off means ending up in jail. It's something I often consider wherever I report. What options does the leader have, and what is he/she willing to do not to fall off?

— Richard Engel (@RichardEngel) October 25, 2019