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Think Tokyo type micro apartments. Should some properties consider a form of micro-apartments? I’m not talking about chopping up existing apartments to become multiple apartments. I’m talking about a new property development (new building or complete remodel of existing property. If planned properly it would be very efficient in living space and still be legal within local metro codes and housing regulations.
No. Cities should not. Cities should keep their hands off and allow the real estate developers to build what they think will sell, and leave the residents to rent what they need.
No. Cities should not. Cities should keep their hands off and allow the real estate developers to build what they think will sell, and leave the residents to rent what they need.
This is what I came to say. Let the free market decide.
What happens if the government is turning a profit?
The government's job is to regulate business, not be in it. The "government" is you and me, by the way. It wouldn't have any money if it were not for our taxes, so no thank you, I don't want to see any government get into business, real estate or otherwise.
Also, I'd rather not live in a government-owned apartment or house, thank you very much. (I wonder why the image of 1984's Winston in his dormitory just popped into my head...)
I don't believe cities should be forcing or banning the construction of any type of housing. Let the market determine the need and builders will meet the demand. It's really that simple. Cities should not be in the business of social engineering.
I think this is a good idea and would make a lot of money for urban real estate developers.
Quote:
Originally Posted by Listener2307
No. Cities should not. Cities should keep their hands off and allow the real estate developers to build what they think will sell, and leave the residents to rent what they need.
I think you are reading too much into the wording of the OP.
Media induced paranoia has you in a tizzy.
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