Comment Re:First ask the question... (Score 2) 78
According to the article, they're focused right now on ADUs, or "Accessory Dwelling Units". That's corporate-speak for smaller units as 2nd dwellings on existing lots. Think "in-law suite". So cost of land would be close to zero as it is already a sunk cost. In reality the tax assessment would rise as the value of the property goes up, but that'd depend on the details of State law on propery tax increase limits, etc.
And a housing bill making its way through the Massachusetts Legislature could create a new market overnight for the company by making it much easier to plant so-called accessory dwelling units (ADUs) of up to 900 square feet in the backyard of any single-family home in the state.