Re:Could Get Millions to Turn Factory into Condos, Is Not Se...
by dcosson on Friday February 08, 2019 @07:51PM
(#19119971)
You're making some big leaps in your interpretation vs what's actually being said. I don't see a single comment saying she should sell because money is all that matters. A few comments are saying if she sold it to a housing developer that would create more housing - which is objectively true - and then asserting that more housing would be a good thing given the housing shortage - which is a value judgement you are free to disagree with, but not at all the same as saying profit is all that matters.
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Re:Could Get Millions to Turn Factory into Condos, Is Not Se...
by nerdponx on Friday February 08, 2019 @07:55PM
(#19119989)
if she sold it to a housing developer that would create more housing
Maybe. In that neighborhood, it would likely be very expensive condos, which would likely not be rented by someone already living in New York. I really doubt the extent to which all this new luxury construction is actually easing the housing problem, versus just creating additional demand akin to what happens when you add a lane to a highway.