Quote:
Originally Posted by topfiverecords
How do you incentivize developers that are sitting on epic amounts of land, along with the city sitting on loads of vacant or underused land, to get projects underway that would bring tens of thousands of units, perhaps even a hundred thousand units online within a few years? Interest rates, appear to the main impediment right now, with concrete construction costs second.
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Some of that is surely waiting on the City to approve new communities? Despite the City saying there's already enough new development in the pipeline for the next couple of decades, I'd fully expect if the City loosened some density requirements in exchange for more starter detached single family homes to be built, extra communities would sell out given the high demand and lack of new supply of that housing type.