Re:San Francisco's zoning makes it illegal to build apartmen...
by sandworm101 on Thursday July 19, 2018 @12:26PM
(#17567845)
>>> .. it's a great deal.
Which is why we have elected officials run cities rather than property developers. The goal is not to make a profit today. The long term goal is a pleasant city with happy residents. Look at the Spanish neighbourhoods that were overbuilt only to be abandoned when the bubble burst. Think gentrification is bad? When an underused building looses its value it becomes blighted, saddling the city with all sorts of social problems.
Which is why we have elected officials run cities rather than property developers. The goal is not to make a profit today. The long term goal is a pleasant city with happy residents. Look at the Spanish neighbourhoods that were overbuilt only to be abandoned when the bubble burst. Think gentrification is bad? When an underused building looses its value it becomes blighted, saddling the city with all sorts of social problems.