Ford claims that this will provide 50,000 homes. His developer friends will make $8 billion in profit.
Easy math…
$8,000,000,000 / 50,000 homes = $160,000/home
Imagine how much more good those homes could do if they cost $160,000 less each.
Sure, the developers deserve to make a profit but maybe, just maybe, if other developers had had a chance to get in there the people of Ontario might have gotten better value for their land.
Look at it this way…
Ford claims that this will provide 50,000 homes. His developer friends will make $8 billion in profit.
Easy math…
$8,000,000,000 / 50,000 homes = $160,000/home
Imagine how much more good those homes could do if they cost $160,000 less each.
Sure, the developers deserve to make a profit but maybe, just maybe, if other developers had had a chance to get in there the people of Ontario might have gotten better value for their land.