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?
hey better to keep new homes out of the rich than to have new homes at all! it’s still a win
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).