Greenbriar Sustainable Living Inc V.GRB

RE:RE:RE:RE:Southern California is an epicenter in the housing crisis

[SvenVandeBroek]

shneps wrote:
No offence but the biggest detriment to affordable housing being built are (NIMBY- Not In My Backyard) and perhaps developers taking 67% profit margins.
Governments don't build housing, developers and builders do.

The state of California is addressing NIMBY (Not In My Backyard) in the housing crisis by passing legislation to incentivize cities to build more affordable housing. This includes the More HOMES Act, which provides funding for affordable housing and rental assistance, and streamlines the approval process for housing projects. Additionally, the state has passed legislation to reduce fees for developers and provide incentives for cities to build more affordable housing. Finally, the state has also passed legislation to provide more funding for homeless services and rental assistance.

The profit margins for U.S. home builders vary depending on the company and the market. Generally, the profit margins for home builders range from 5% to 15%. However, some home builders have higher profit margins, depending on the market and the type of homes they are building. Additionally, the profit margins for home builders can be affected by factors such as the cost of materials, labor costs, and the availability of land.

Sage Ranch profit margins were indeed estimated at 66.67% in the beginning of the year. This is a much higher profit margin than most other housing projects in the U.S.

This margin can largely be explained because GRB bought the project land on the cheap in 2009. This is a good thing for Greenbriar as they have pricing power this way to aid affordable housing. It's not detrimental at all, shnepps.