Seriously. Instead of using that land to build a $250 million penthouse Ken Griffin only spends 10 days a year in, they could probably build enough housing for 500+ middle class families.
Who will build those homes? Who will pay for them? If it were a lucrative business to build those homes I'd assume someone would be building them but that does not seem to be the case. Why is this?
Upvoting you for a great question! Not everything has to be lucrative amigo. The city could build multifamily housing and finance it through municipal bonds that pay a reasonable rate (tax free, booyakasha).
Seriously. Instead of using that land to build a $250 million penthouse Ken Griffin only spends 10 days a year in, they could probably build enough housing for 500+ middle class families.
Who will build those homes? Who will pay for them? If it were a lucrative business to build those homes I'd assume someone would be building them but that does not seem to be the case. Why is this?
Upvoting you for a great question! Not everything has to be lucrative amigo. The city could build multifamily housing and finance it through municipal bonds that pay a reasonable rate (tax free, booyakasha).