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From: David Sucher <dsucher@xxxxxxxxxxxxxxxx>
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Date: Sun, 31 Mar 1996 16:27:08 -0800
At 12:41 PM 3/31/96, nic musolino wrote:
>
You _aren't_ creating
>buildings or something that no one else does. You are creating wealth for
>others, just like every wage worker under capitalism.
Two points:
1. Sometimes developers lose money on a project, you know.
I'm not talking catastrophics situations where everyone sues everyone else.
I'm simply talking about those ordinary & common situations where the
developer simply misjudges basic business issues (the market rents, the
appropriate design, the construction type, etc. etc.) and loses money
because the project sells too slowly or the construction budget goes
haywire etc. etc. etc.
In most cases with ethical developers, the architects still (I'll hear fron
JYA on this several points here, no doubt) get paid. As do the engineers.
The carpenters. The realtors. The escrow folks. The title insurance people,
the lawyers, the plumbers, all of whom (I imagine along with the
architects) 'create wealth' The developer may go bankrupt or just plain
lose money. Whether people want to believe it or not, it is a fact.
That's why development is called a risky business. Capitalists take RISKS
in hope of PROFIT. People who are hired by the hour do not take capital
risks (beyond professional negligence.)
2. Architects are free to become developers.
In fact one would think that they would be ideally suited to do so. It's a
question in itself why they so rarely do so.