Instead, voters will weigh in on a measure that would
set the same lofty housing goals but wouldn’t force market-rate
developers to undergo a time-consuming review process they said
would have slowed down housing development.

Is it the review process that would slow housing development, or
the fact that few developers would want to build housing if they
are guaranteed to have their profits capped via price controls
before they even break ground?

It astonishes me that there are people who look at NYC’s rent
control policies and then say to themselves, “Golly, that really
solved the problem of inexpensive, plentiful housing for the poor
and middle class, didn’t it? Let’s try that here, since developers
will build lots of housing no matter what.” The cynic in me says
that they know more controls will reduce available housing, and
they’re doing it to win the economic illiterate vote while propping
up property values.

Dumb or evil, the eternal question.