Posted May 25, 2007, 8:59 PM
|
 |
Registered User
|
|
Join Date: May 2004
Location: Los Angeles
Posts: 6,610
|
|
^ Let's see how the Century, Carlyle, Ritz Carlton, 9900 Wilshire, etc. fare when they're done. If it sells out fast, there's a bigger pool of uber-rich out there than we think.
But I also agree that affordable housing should be built in the city center, but I don't understand how will expensive land acquisition costs allow greedy developers to gain enough profit margin to vehemently pursue affordable housing (esp. with all the headache from red tape).
|