Posted by opinionated on February 15, 2020, 9:16 pm, in reply to "Re: Edison Lofts"
Again, since some of you probably don't have a pot to piss in, your economic predictions are probably not worthy of a Wall Street investment.
Here's the deal. If you read the articles and understand them, you realize that "some" low income is available to veterans (thank God), to start up artist who don't earn huge livings, etc...
Do you really think these things are going to be sold for $200 grand? LOL. If so, I have a bridge over the Mississippi we need to discuss.
Nor will you see a single mother with 7 kids living in a one bedroom artist loft.
Guess what, St. Louis has similar set ups right in the heart of downtown. Investors understand that the tax credits and low income status will yield a great return in about ten years. My guess is this group will make a fortune on this deal and look to buy up several blocks of downtown GC to create similar ventures.
How about looking on the bright side instead of forecasting doubt and negativity for a change. That or run for the mayor's job and see what you can do.