Quote:
Originally Posted by Pete
Which is why, as Sig noted, local governments try and tweak the system by offering deals to developers - we'll give you a permit to build a 20 floor multi use building if you make 3 floors of affordable housing.
Builders put a lot of study into any deal like that because they want a profit at the end.
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And then the existence of 'affordable housing' in a development suppresses the values of the rest of the units because those that can afford the primary residences don't want to share or be co-located with 'affordable' tenets.