3 ms·
What % of a development's budget goes to this? I expect it to be less than 2% on the average, across the whole city. It's not the first, second, or even fifth
by vkou 3y ago
What % of a development's budget goes to this? I expect it to be less than 2% on the average, across the whole city.
It's not the first, second, or even fifth reason for the supply-side shortage. The costs are passed on to the buyers/renters, and despite that, demand continues to massively exceed supply.
- itake 3y agoRent control is amazing deal for old people: Multi-million dollar payouts and insanely cheap rent, but these benefits are paid by the future generation of residents. As you said, eliminating rent control would lower prices by 2% on average (saving future residents millions) and helps projects be built faster (by removing red tape).