this post was submitted on 12 May 2024
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I find it hard to blame people for doing what they are incentivized to do. Sure, I would love if everyone is morals first but given the open to build a "luxury" condo that gets N% return on investment or a "basic" condo that gets %M return on investment they are going to build whatever one is higher.
Most of the blame should lie on the government for not creating the correct rules and incentives.