in 2009 when this project was being planned housing was soooo cheap in San Diego Existing apartments for 100k in nice areas, why even try to build for 400k on

in 2009 when this project was being planned housing was soooo cheap in San Diego Existing apartments for 100k in nice areas, why even try to build for 400k on prime beach areas? Think about it: Miguel Zamora has been living on government housing vouchers since 1992 waiting for an apartment whose cost rose from 400k to 1MM. If he had received as settlement enough money for a downpayment (20-50k) he would own his own place and would have participated in the equity growth