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So where do the current residents live for the year or two it takes you to build your new apartment building? How do you expect residents to be able to afford t
by kec 11y ago
So where do the current residents live for the year or two it takes you to build your new apartment building? How do you expect residents to be able to afford their rent doubling or tripling in the new building once it's built?
- Kinnard 11y agoIf the plot is being sold for $50 Million and Real Estate Developers are getting involved there's more than enough cash on the table to put several families up for a year or two especially if they're paying part of the rent.
- kec 11y agoSo what happens after "a year or two"? Do you expect the new owners to agree to rent control in the new building for the families which used to live in the trailer park?
- Kinnard 11y agoYes, this is a large multiunit multistory multimillion dollar housing development for techworkers. They can handle having a few units for a few families, and they can build/budget with that in mind.