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Old Posted Jun 19, 2019, 11:05 PM
CAGeoNerd CAGeoNerd is offline
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Join Date: Jan 2010
Location: Sacramento, CA
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Quote:
Originally Posted by j_deguzman10 View Post
On another note, can someone explain why there is literally no buyer's market in the urban core? Most of the urban projects around the grid are for rent and other than CADA Site 21, I can't think of any other projects that are for sale and not for rent.
Developers want to make money.. They make money by factoring in long-term rentals with the ability to sell later on in the money making.

A lot more money to be made that way than build and sell units.

Of course, something could be done by the city, like making stricter limits the number of rental units that can be in new residential housing developments... but they're more interested in generating tax revenue and increasing units period, rather than increasing home ownership on the grid.
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