Reply to MoCo Council Vote Today

Forum Index » Metropolitan DC Local Politics

Reply to "MoCo Council Vote Today"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So many NIMBYs here concerned about "affordable" housing, yet not a single one is talking about raising taxes to pay for these subsidized units. Because yes, they need taxes to subsidize them, because nothing is free.

It's almost as if "affordable" is a fake argument, used to stop any housing construction.

Hmmmm, but why would people be so disingenuous? Hmmmm.[/quote]

We’ve spent all our subsidy money on market rate housing and on bailing out land speculators, at Friedson’s urging, so unfortunately we don’t have the money to subsidize enough affordable housing. Maybe your heroes the developers will take lower profits. [/quote]

Please look up the typical profit margin of these "evil developers" and get back to me.

Oh, wait, you won't, because they are in line with most industries because they are not monopolies and there is abundant competition in the space.

Please tell me how much "profit" a homeowner in their 60s is sitting on due to land appreciation? Millions. And you think "developers" are the enemy.  :roll:  :roll:  :roll:  :roll:  :roll:  :roll:  :roll:  :roll:  :roll: [/quote]

Equity Residential: 63.2 percent gross margin
Avalon Bay: 63.8 percent gross margin
American Assets Trust: 63.4 percent gross margin

Amazon: 50.55 percent gross margin
Apple: 46.33 percent gross margin
Safeway: 27.4 percent gross margin 
Kroger: 23 percent gross margin

See how the other companies providing essential goods have lower margins (by more than half?)

Very few homeowners are sitting on millions of dollars of appreciation in land value alone. When you annualize their appreciation, it’s generally in single digits, just a fraction of the profits that developers are making every year.

Want to keep playing? [/quote]

Sorry, you think 15% higher profit margin than Amazon or some tech companies is .... evidence of some massive corrupt cabal or undue benefit?

AVB brought in 1.8B in profit last year. Apple... 186B.

If you think comparing those companies is helping your argument, I can't take you seriously.  :roll:  :roll:  :roll:

People here would really benefit from taking Econ 101.

lol.[/quote]

Sorry you’re bad at math. A 63.8 percent gross margin is actually 26.2 percent higher than a 50.55 percent gross margin. And your original post said that we should look at profit margin, which is measured as a percentage, not profit, which is expressed as a dollar value.

You would benefit from Econ 101 (and stats 101 too!) more than most here. Look up how the law of supply and demand applies to essential goods and then tell us what Adam Smith said most influences rents. Hint: It wasn’t zoning.

You don’t seem to know much about business or economics but you insist that your housing approach is the only one and you mock people who disagree with you (much to my entertainment). [/quote]

Obvious rounding was obvious.

I've been in the RE industry for 10 years. Fact is these margins are not obscene, sorry pal. Move on to your next anti-housing nonsense.[/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