"I'm against bailing out developers by overpaying, and then raising taxes and slashing services to provide cheap housing for political insiders who get the units. HOWEVER, buying the half-finished buildings after the developer goes under, from the bank at auction, then finishing them while paying less to contractors due to the recession, and selling them for a price that gets the city's money back, could work." [Condo Bailout Has Fans]
Filed under:
Loading comments...