Multiple luxury condos? Definitely. Multiple luxury apartments? Maybe? Depending on amenities and view. But multiple non luxury apartments for the hoi polloi?

Multiple luxury condos? Definitely. Multiple luxury apartments? Maybe? Depending on amenities and view. But multiple non luxury apartments for the hoi polloi? Not a chance. I challenge even the politicians championing non luxury apartments to run the numbers and make them work. They just don’t. People are out here advocating that we make multiple apartments available all under 3K. That’s insanity. The same space can easily be rented for much more than 3K. If I’m a developer, what’s my motivation to forgo that ludicrously high return? Being a good guy? I’ll take the return and make a donation to the boys and girls club instead thank you very much.