Quote:
Originally Posted by TorqueDog
We're gonna have an awesome selection of $1m+ executive townhomes in the inner city once everything is said and done, though, let me tell you.
|
If your preposition holds, no one will want these, and thus they won't sell for $1m and we'll end up with some affordable housing stock.
That's the thing, the developers aren't dumb, they build the maximum intersection of what people want and what makes them money.
We have two problems - things that limit what can be built have unintended consequences and we end up with some janky housing options emerging, and people very frequently want dumb things that don't actually make them happy. Humans typically optimize for themselves only and not anything around them, despite things around them (like the fabric of the community they live in) being big drivers of their happiness.