Real estate prices (buying) in the city range from $400 to $1000 a sq ft. That's probably a better estimate, as you'd have to create new spaces. Taking the a

Real estate prices (buying) in the city range from $400 to $1000 a sq ft. That's probably a better estimate, as you'd have to create new spaces. Taking the average of that range, you get $700 * 100 * 7500 = $525M. I'm all for just setting the more salvageable homeless up in a 900 sq ft condo, and subsidizing it for them (i.e. free), then let them sell it in 3+ years. They can pay back the subsidies, and take the equity and move elsewhere. There would be other requirements as well (attending substance abuse programs, staying out of jail, etc)