If some billionaire wanted to build a new dense, walkable city (even if it's a ghost city to start with) could they legally do it? Most zoning and setback laws are city ordinances, not state laws, right?
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One way to avoid this problem is to build the whole thing before allowing any tenants. Obviously this would make the capital costs even higher but hopefully after people move in and like it, they'll then be incentivized ot let it stay nice?
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Not sure I understand. OK, built the whole thing. Then let it out. Then after two years you hike rates by 12% (as allowed by contract) and 5,000 tenants go screaming to their state legislators "it's not faaaaair"
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