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Old 08-01-2017, 12:41 PM
 
28,147 posts, read 24,679,387 times
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Quote:
Originally Posted by jsvh View Post
And how much do you think a brand new high-end single family home would rent for on this site if we had artificially limited density here?

Er, AMLI didn't suffer from artificially limited density and they didn't max out their site.

If you'd limited all of Midtown to single family density, you'd wind up with high-end neiglhorhoolds like Ansley, Sherwood Forest and Midtown.

And while they're not cheap neither is high-end multi family. Condos in One Museum Place are going for $1-4 million as I recall.
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Old 08-01-2017, 12:54 PM
 
Location: Atlanta and St Simons Island, GA
20,961 posts, read 32,944,970 times
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Originally Posted by jsvh View Post
And how much do you think a brand new high-end single family home would rent for on this site if we had artificially limited density here?

Remember Econ 101, high demand and low supply gets you high prices. People want urban living and we are not building enough is the problem.
And there you have it.
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Old 08-01-2017, 12:59 PM
 
Location: Prescott, AZ
5,405 posts, read 2,735,463 times
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Quote:
Originally Posted by LovinDecatur View Post
And there you have it.

Yeup. There must be enough demand to justify those price points or else you wouldn't get either tenants of investment.


Developers aren't driving prices, prices are driving developers. It's precisely because of those high prices that these projects can be justified to be built, not the other way around. How that's such a hard concept for some to grasp I don't understand.
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