Reply to What's the deal with Developers?

Forum Index » Metropolitan DC Local Politics

Reply to "What's the deal with Developers?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Explain to me why developers are bad. I see this take so much whether it's in DC with the Mayor, Montgomery County or any other place. What is it about the developers that makes them awful people?[/quote]

It's not that they are intrinsically bad.  Developers are necessary.  But, they are typically entirely profit motivted, meaning they view every deal as the maximum amount of cash they can get per square foot.  Thus, left to their own devices they would prioritize building [b]luxury apartments[/b], luxury office spaces and high end retail.  They don't care as much about green spaces, or families, young working people, children, and affordable establishments.  They also don't care about the impacts on infrastructure, traffic, police or other services, they leave taxpayers holding the bag.  It's typically the communities that have to keep them in check and push for those things.[/quote]

"Luxury apartments" just means new market-rate apartments. All new market-rate apartments have the meaningless term "luxury" slapped on them.[/quote]

Using the term "market rate" is a joke - you can only afford them if you're part of the top 5-10%[/quote]

Supply/demand dictates market price.  If most people are outpriced and management companies run out of top 5% looking and being able to afford their rentals, then they drop the price or risk high vacancy rates.   [/quote]
Housing is not corn. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics