It's probably investment driven. I lived in a couple buildings with very bad landlord companies that basically didn't care about the conditions of the building. I had to call city authorities because there was a rat infestation. Meanwhile I was paying nearly 2K and this was 5-10 years ago.

There's something deeply wrong with that city, and everyone is a kind of in a trance trying to look away because they're all in the same political team or something like that. People suffer willingly as a form of weird self-sacrifice, so there is no accountability for the leadership that makes bad decision after bad decision (although of course they are making good decisions for the people who have the status and money).