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> Currently developers build ultra-luxury property because it's way more profitable than building affordable property. This needs to change. It's possible that
by mullingitover 5y ago
> Currently developers build ultra-luxury property because it's way more profitable than building affordable property. This needs to change.
It's possible that developers build 'ultra-luxury' because building affordable property isn't profitable at all. Developing real estate in any major metro area in the US is insanely regulated and time-consuming.