Quote:
Originally Posted by GullFoss
I think it's more just about cost cutting which (1) expands the opportunity set to less desirable neighborhoods and (2) allows developers to lower prices which drives more demand in existing neighborhoods
You can already see that in more desirable r-2 neighborhoods there is far less r-cg. I've had many discussions with developers about how they can make more money doing r-2 or even r-1 in desirable neighborhoods (even if r-cg was an option). It's not an upscale product so it largely won't be going in upscale neighborhoods.
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But you said this earlier when I said it won't be going in upscale neighbourhoods.
Quote:
Originally Posted by GullFoss
I disagree. Oversized lots on elbow drive could be prime spots for townhouses. Even mc2 apartments after the lap process.
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