Well, how much is it going to cost?
You may be thinking of very large amounts like a trillion dollars for a good sized cube. And, you are right! Let's take a look, however, at the income of such a project.
Assume a Cube such that 10 million people can be comfortably housed. It will cost a staggering 2.22 trillion dollars. Where is that money going to come from? Why, the people that buy into it -- of course.
We pay roughly 600+ on our mortgages. And, we pay roughly 600+ on our cars, a not necessary item for a Cube. We purchase another 600+ of groceries, prescriptions, clothes, furniture, appliances, utilities, etc., each month.
Let's assume 1,800 per month per dwelling is returned to the building financing either directly, mortgage payments, or indirectly, purchasing in the Cube stores.
Multiply 10 million by $1,800: 18 billion dollars per month. Per year that is 216 billion dollars.
216 billion goes into 2.2 trillion: 10 times. Not counting interest the 2.2 trillion dollars will return to the builders and financiers in 10 years. Since, most such real estate deals have 30 year mortgages there is plenty of room for interest and various building expenses, such as repairs.
If successful, the Cube idea is not a federal aid project, though the federal government will be required to get it started to have timely impact on population growth.
///tomcat///