OWNER-INVESTOR DEVELOPMENT FRAMEWORK
Rising home prices often occur because of a local housing shortage. Medium density housing is a solution profitable for landowners and beneficial to renters. However, there is a coordination problem for existing residents to release control of their neighborhoods.
Here's the solution: Current homeowners do not need to give up their land. They can attract investment and income by making way for new residents.
What if a framework guided homeowners to collectively negotiate as investors in medium density housing? Developers wouldn't need to negotiate sale prices with separate homeowners, making these deals more efficient. Then homeowners could live in the resulting condos while earning a percentage of the profits from the development.
Contact info@outsideinnovation for details and research.
Developers would get free land and split profits with homeowners
Residential condos typically require negotiating with homeowners to leave.
But one hold-out or refusal can halt the deal