Quote:
Originally Posted by MasterG
People who can't afford a 400K condo need a place to live too. This is a great fit for many people, particularly how little other housing stock exists to support exactly this kind of car-free lifestyle. Regardless of if this becomes primarily rental or if being a rental building makes it a "slum" as you seem to be insinuiating, I have no problems with allow the market to decide whether a project like this is worth it, not an outdated policy that artificially raises the price of units by 30%.
If they don't sell or rent, that's the developers issue, not something the city should use as a decision to whether to allow it or not.
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agreed. One as a tester is never a bad thing anyway. Just don't think it will be as successful as people think. At least in the long term. In the short term people get crazy fever and pile onto anything new. Like over valued IPOs. The newness of the whole idea will drive sales, but I'm just willing to bed 10 years down the road these units will be a tough resell.
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