that seems... less than ideal
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it'd be nice if we didn't have to worry about the profits of middlemen when trying to build affordable housing
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but the, I work for a cooperative, so I would think that :P
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mm, publicly-held firms are a bit more transparent - so, we can look more closely at Lennar than others
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@dashstander Important to look at level of activity--if very few willing to build, likely that non-viability point is close -
if real estate development is so profitable why don't local governments step in and do it?
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@dashstander Yes, but the pro-formas for non-profit developers are often public. We have a good idea of costs.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@dashstander You may find this useful/interesting: http://ternercenter2.berkeley.edu/proforma/Thanks. Twitter will use this to make your timeline better. UndoUndo
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@dashstander Worth remembering it's highly variable based on price paid for the plot, location, and the economy. -
and at the point the BMR % is set, there are a lot of unknowns about what economy & market will be when finished.
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