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by ishan_chhabra
1627 days ago
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Thank you for doing this. A slight variation of this is a very common model in New Delhi in India. Builders contact Single family owners proactively to convert their residence into 4 units at 4 levels with a car parking at the 1st floor. Builders:
1. Find an equivalent rental unit for the owner, relocate them and pay their rent for a year.
2. Finance and build the 4 floors.
3. Owners relocate back to one floor and rent out 2 floors.
4. 1 floor is taken by the builder as fee for the project. Builder got paid, owner has a new home, and has lifelong rental income as well. All round win-win situation. This is what happens when governments and local authorities get out of the way and let capitalism work. |
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