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Projects that don't pencil don't get built. Constraints are costs and reduce the number of projects that make sense. There is only one way out of our housing cr
by zbrozek 4y ago
Projects that don't pencil don't get built. Constraints are costs and reduce the number of projects that make sense. There is only one way out of our housing crisis and it's removing constraints to construction. The biggest of those constraints right now is zoning law and the planning approval process that it creates.
- mixmastamyk 4y agoAlso, risk. It might "pencil" with 10% profit, but have risks approaching ~20% of total. Need to be reasonably sure, or what is the point?