Updated almost 16 years ago on .
Another novice development idea
TWP's post "A development idea for a novice" inspires this post. I have another development idea which is probably silly, but perhaps there will come a time for this idea.
How about a building of say a dozen (give or take a few) energy-efficient, compact tiny condos. Like studios or maybe even SRO units.
If I'm going to live in tiny cramped quarters, I'd rather have an opportunity to own something (stabilize housing costs, lock in P&I, enjoy preferential property tax rates and income tax breaks, build equity over time plus a little appreciation on a good day) than continue to pay rent.