Duck that. You’ have to waaaay over-build to get beyond the fact that people banks corps who need real estate to be expensive have the means to keep it so by buying everything and maintaining artificial scarcity. The houses are there, the condos, the starter homes, but they are not for sale. Lease only and they will often stand empty rather than be sold or rent reduced or even qualifications reduced (income four times rent, etc) because it looks better on the balance sheet. At least look carefully at the actual situation of your community and what guarantees you have that the resulting development will increase new home ownership by individuals and families, not just a forever burden on the city supplementing ridiculous “market rate” rents for crappy construction.
Duck that. You’ have to waaaay over-build to get beyond the fact that people banks corps who need real estate to be expensive have the means to keep it so by buying everything and maintaining artificial scarcity. The houses are there, the condos, the starter homes, but they are not for sale. Lease only and they will often stand empty rather than be sold or rent reduced or even qualifications reduced (income four times rent, etc) because it looks better on the balance sheet. At least look carefully at the actual situation of your community and what guarantees you have that the resulting development will increase new home ownership by individuals and families, not just a forever burden on the city supplementing ridiculous “market rate” rents for crappy construction.