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A comment on A Bay Area developer wants to build 4,400 homes where they may be sorely needed. Parent comment

Re:A Bay Area developer wants to build 4,400 homes where the... by jorams on Friday July 28, 2017 @04:08PM (#14877131)
> if a city could make as much money off housing as they could retail

The article points out concerns about the size of the expansion relative to the current city, which makes sense, but why is tax income a concern for a city? Surely it doesn't exist to make as much money as possible?

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Re:A Bay Area developer wants to build 4,400 homes where the... by patmcguire on Friday July 28, 2017 @04:23PM (#14877249)
Residents have kids who go to school, they need hospitals, they take up services. That million dollars a year net is only going to go down over time as things get more expensive and the real estate taxes stay the same. Eventually they'll lose money.

Cities don't have to make money they just have to not lose it.

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