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This is an interesting thought. It's like how we want developers to build affordable housing, but through the market they are forced to only create "luxury" dev
by CincinnatiMan 6y ago
This is an interesting thought. It's like how we want developers to build affordable housing, but through the market they are forced to only create "luxury" developments in order to make up for the large fixed cost of the land.
- username90 6y agoLarge apartment complexes are typically worth a lot more per land area than luxury developments.
- chillacy 6y agoFood for thought: profit per square foot could stay the same by decreasing unit size and increasing the number of units if zoning allowed it.