Quote:
Originally Posted by wburg
Yes, yes, econgrad, we all know you like big suburban homes. Why do you think these lofts are overpriced? How much do you think they should cost?
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The costs of construction on DT and MT Sac are inflated because of bureaucracies. These are worth no more than $90,000 to $150,000. The costs of building them are so high not because of natural market causes. The costs are high to construct because too many people are involved. Also, downtown Sacramento will be a failure if it continues to avoid catering to families. Urban renewal will continue to be a failure and have to be tax funded if we cannot find a way to lower the prices and increase the size of what if offered for families. You will continue to see more and more companies locating in Folsom and Roseville, and more money and people continuing to move to those areas until Sacramento wakes up. You already know my opinion on this Wburg.... funny you even ask this question.
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