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> And, is this development really so bad? It depends on how it's managed. If there _happens_ to be enough demand that people will accept it and pay a profitab
by akira2501 2y ago
> And, is this development really so bad?
It depends on how it's managed. If there _happens_ to be enough demand that people will accept it and pay a profitable rate, it might be just fine, but the cart is before the horse on this, so I wouldn't necessarily expect that outcome without other evidence to support it.
- renewiltord 2y agoEven better if it's not profitable for Costco. That's like having business subsidize housing.
- actionfromafar 2y agoThat sounds like taxes. Heresy.
- mlyle 2y agoNot sure why whether Costco makes a profit on the housing is the crucial thing; perhaps they don't, and they're just ahead in that they got their store in place sooner.