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Brother, I am emphatically not missing the point. The problem requires radical solutions is the point. More immediately and completely realistically, massively raising taxes on luxury units would discourage glutting the market with new luxury developments while creating a tax penalty on underutilized residential units would discourage squatting on empty upscale units, which would create more supply in that market would which, ultimately, reduce some of the pressures on the overall market by creating more room at the top. Anyone who lives in New York can tell you there's people paying ridiculous rents for barely market-rate quality units because the jump in price from market-rate to luxury is incredibly high.