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By Capitalist (anonymous) | Posted September 23, 2009 at 13:20:11
@Ryan
"$18.6 million for 100 units works out to $186,000 per unit. At current downtown property values, that money could be used to buy a hundred four-bedroom houses and give them to people. Alternately, the $18.6 million could provide a 20 percent discount on the purchase price of approximately 500 homes."
Good analysis Ryan. Your starting to sound like an economist!
Many people (including myself) propose that investments in social welfare follow the course of reasoning you outlined above.
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