04-27-2023, 08:02 PM
(04-27-2023, 07:39 PM)DK519 Wrote: There is a listing for 744 King E. now that it has been approved.[url=https://housesigma.com/bkv2/landing/rootpage/listing?id_listing=GMnKYq0xqMb3w1Qr&utm_campaign=listing&utm_source=user-share&utm_medium=android&ign=][/url]
This kinda stuff annoys me when the nimby crowd uses the arguments like "there is x number of approved housing units, build those before approving more!" or "we have enough approved housing that hasn't been built to hit our goals, it's developers fault for not actually building any"
They ignore how there are entire businesses built on 'approval speculation' where they get projects approved to boost land value, but with zero intention of ever building them. When these do sell they're almost never built. Eventually an actual developers comes along and pays their inflated number, but then has to get the project reapproved to actually make the numbers work.
Even if they stick with the same density (they never do) the designs are always junk. They're made by people who don't build, and don't know better as to what is actually buildable, or what the market actually wants