this post was submitted on 11 Mar 2025
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A Boring Dystopia

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The project is maybe not the worst idea, the $1400 rent a month though....

Oh and this was not the first plan:

“We were thinking of turning it into a WeWork space, a concert hall, a beer garden. We had no shortage of ideas on what to do with the space,”

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[–] Maeve@midwest.social 50 points 1 month ago (3 children)

I'd have loved to see them make them low income affordable.

[–] M0oP0o@mander.xyz 49 points 1 month ago

The whole story is oddly frustrating. The average rent in the area is $1189 FYI.

[–] JumpingSpiderMan@kbin.melroy.org 17 points 1 month ago (2 children)

Depending on where you live, $1400/month is REALLY cheap.

[–] TommySoda@lemmy.world 4 points 1 month ago

That's only a hundred bucks more than my studio that's in a bad neighborhood with drugged up neighbors that have not once, not twice, but three times hit the hood of my car with what looks like a metal bat or crowbar. I'll take an old school any day.

The good thing is I don't care about cosmetic damage and I have insurance, but it's the principle of the matter.

[–] SuiXi3D@fedia.io 1 points 1 month ago

I'm paying that in Austin. It's great.

[–] buttpooper@lemm.ee 9 points 1 month ago

it's pretty rare you get a developer who wants to enter the housing market at 'affordable.' more housing is good, people who can afford it will move to them if they're fairly priced, putting their older units on the market. if they're unfairly priced then the price will come down.

[–] kibiz0r@midwest.social 36 points 1 month ago (1 children)

Just some humble guys who pooled their money to buy it for $100,000 and then renovate it for $3.3mil.

[–] M0oP0o@mander.xyz 8 points 1 month ago

Come on anyone can do this, just pull yourself up by the bootstraps already!

[–] weremacaque@lemmy.world 7 points 1 month ago

Meanwhile, I'd just start a gay autistic commune in it.

[–] Cocopanda@futurology.today 2 points 1 month ago (1 children)

My uncle does this with elder care living.

[–] M0oP0o@mander.xyz 1 points 1 month ago

See that is a money making use I can get behind. There is such a shortage of elder care now.

[–] Damage@slrpnk.net 2 points 1 month ago

"I should have stayed in school"