Damn, msj, I used to think you're a pretty smart guy. You don't know what developer greed means even in the context of 'wanting to maximize profit'?
Duh, I guess I just expect greed to, you know, duh, be in conflict with a buyers’ desire to minimize costs.
To the extent that it is not is because of cheap money and an irrational debt bubble for which I will appluad those who are shown to be left with a bathing suit on when the tide goes out.
And I'm not talking about prices of homes. Even if the bottom falls and housing prices fall 50%, I think this idea makes sense given the limits of land and population growth in major cities.
Ever been to Hong Kong? Or any other major city?
HK is about 2,700 square km and has a population of about 8 million.
Metro Van is about 2,800 sq km with a pop of less than 2.5.
Lots of room left if people choose their councils carefully.
There will always be people who insist on having a lawn and they can buy their houses and do all the upkeep that comes with it. This concept is for people who want all the benefits of a condo as well as a house and are willing to pay a little less and have a middle ground.
I don't blame developer greed because that's what any company is supposed to do, but maybe non-profit or government agencies can take on the task of building these structures.
I honestly think single family units in urban centres are a waste of resources.
If only city councils had any control over the zoning of property in their own jurisdictions..... but, duh, what do I know.
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