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Ehhh...I'm a bit skeptical. Isn't one of the other reasons for building the massive complexes because as long as you're going to be building something there, y
by danaris 4y ago
Ehhh...I'm a bit skeptical.
Isn't one of the other reasons for building the massive complexes because as long as you're going to be building something there, you might as well build what will get you the biggest profit?
I've heard of this being the case in several areas in recent years, and it seems to me to be just another casualty of the increasing obsession with maximizing profits at all costs on the part of far too many companies.
- zamfi 4y agoThat’s a convenient narrative, and the answer is “yes, where possible” — but replacing a single family home with a duplex is theoretically possibly anywhere, and would be extremely profitable — but is practically impossible (for the reasons listed in my earlier post) in too many locales. It’s only the huge developers that can acquire large parcels, or many parcels that can be joined together, that are able to push through the current nightmare to get projects done. The small developers that would be happy to do small conversions don’t bother — because they can’t spend 3 years fighting city hall with no guarantee of success, incurring taxes, fees, paying for staff, etc — for a measly $300k gross profit; it would be eaten up by all the waiting!