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...yes? If I can buy four adjacent $1,000,000 homes and put up a mid-rise with 25 units at $400,000/each, I've just made $9,000,000 minus construction expenses.
by ZoomerCretin 4y ago
...yes? If I can buy four adjacent $1,000,000 homes and put up a mid-rise with 25 units at $400,000/each, I've just made $9,000,000 minus construction expenses.
- SketchySeaBeast 4y agoThen why aren't they taking the time and energy to get those areas rezoned? It's possible, and I'm sure it's less expensive than the potential profit, especially if they choose an area far enough out that there are few neighbors to complain.
- ZoomerCretin 4y ago>Then why aren't they taking the time and energy to get those areas rezoned? Because of well-organized opposition from busy body homeowners. City governments aren't captured by business-interests the way state governments and the federal government are. >especially if they choose an area far enough out that there are few neighbors to complain. There are always enough people to complain about anything to kill it. A lot of people oppose anything new in their city entirely- not just in their neighborhood.
- philistine 4y agoWhy do you think those areas are restrictive with their zoning? Because people wrongfully want it that way. A developper is focused on making people and equipment work, not on being a provider of good zoning laws, and so won't fight against those tides.