hybrid: I like those Denver developments. So, apparently do the people who count, including the developers who build them, the municipalities who permit/encourage them, the tenants who occupy them, and the lenders who finance them.
Beauty of course [[is this about beauty or providing affordable housing?) is in the eye of the beholder. For every person with your view, however, I say there are several with a contrary view. That's what life, and real estate, is all about.
Personally, I would consider your view more positively if I knew your background: do you understand the multi-family development process? The market analysis, financing options if any, relatively construction costs based on materials, non-revenue producing amenities, land costs, availability of construction labor, confiscatory municipal regulatory environment [[Detroit's is terrible), and a hundred more considerations? If one believes you are knowlegable about those factors one might deem your views more credible.
By the way, I'm told Detroit has ordinances that require developers to hire a certain percentages of skilled and unskilled local residents or pay significant fines. The fact is there is no way for developers to comply with the ordinance requirements, especially when major projects such as the new hockey arena are being built, as there are few such workers available to hire. Therefore developers have to factor the fines into their construction budgets which are of course passed on to the consumer by increased rents, ticket prices etc. It's flat out extortion by the city. Kwame may be in jail but his spirit of corruption is alive and well in city governance. [[Don't claim the ordinance is designed to force skilled trades unions to increase their training programs to target the unskilled people who are supposed to be the beneficiaries of the ordinances. Talk to any developer or union leader and you will understand that they have introduced every possible incentive to get workers to enroll in their worker development programs and there are few if any takers apparently. Welcome to Detroit.)
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