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Metropolitan DC Local Politics
Reply to "We need homes. A lot of homes. Not just affordable, but also middle-income homes."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People don’t want to build duplexes on their property. Developers want to change zoning laws to allow duplexes for huge profits. [/quote] Hint: a "developer" built the house you're in right now for a "profit". :roll: :roll: :roll: :roll: [/quote] What a sick burn. I think the PP’s point was that this isn’t about affordable housing. It’s a cash grab and should be evaluated in that light. I still think we should upzone but we probably need to make some other adjustments as well. Also, hint: your apartment or house only exists because zoning protected the developer’s profit margin. Reducing certainty in the market introduces more downside risk, which could lead investors to seek higher returns to cover the additional risk. [/quote] A cash grab huh? You know, we're actually a society that's built around making profits right? If the companies weren't in it for the money they'd be bankrupt.[/quote]
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