@AlexRMcColl @Prominent_Bryan strawman, basically all walking distance areas within transit transit are developed to condos not townhouses
We are talking about places 15 min *drive* from train stations or unis
@AlexRMcColl @Prominent_Bryan I've managed a lot of files where it's small condos without dedicated parking as long as it is within a rapid transit thing
What is the issue is when the developer gets greedy and then tries the same in areas without
@AlexRMcColl @Prominent_Bryan there's an informational asymmetry thing - given the GP / LP structure for most developments you can have LP in the dark about this who committed their $ to a white elephant 🐘 project
@AlexRMcColl @Prominent_Bryan Worse still, LP's are legally barred from sparring with GP's on this (because then legally they become GP's themselves) so they can't defend their interests
@AlexRMcColl @Prominent_Bryan Like I don't have a problem with "let developers do whateverz the market will sort it out" but the predicate is the govt managed the financial regulation part of it effectively so investors in LP's aren't defrauded by shady developers
@AlexRMcColl @Prominent_Bryan @UnrollHelper plz unroll
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.