4 ms·
Seattle. And housing prices here are astronomical. My home has nearly tripled in value over seven years.
by Pfhreak 6y ago
Seattle. And housing prices here are astronomical. My home has nearly tripled in value over seven years.
- macspoofing 6y agoSo why wouldn't developers simply build higher-density housing to maximize this crazy profit per square foot? Why not buy your single-family home, demolish it, and build a multi-family/multi-storey apartment building and maximize the profit from that high-value land? Do they hate money? ... or are there regulatory barriers preventing them from doing that - barriers that are supported by existing property owners, who like their house prices tripling every 7 years. It must be that they hate money.