Re:90-minute ‘super commutes’ more common as Bay Area housin...
by ummonk on Wednesday April 25, 2018 @01:50PM
(#16924117)
Even with a massive drop in rents, rents would still more than cover development costs. The limiting factor isn't the cost to construct high density housing units - it's the difficulty of getting permission to build high density housing units.
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Re:90-minute ‘super commutes’ more common as Bay Area housin...
by timr on Wednesday April 25, 2018 @03:14PM
(#16925010)
"Even with a massive drop in rents, rents would still more than cover development costs."
Citation needed. You might also want to tell the construction finance industry of your discovery.
Re:90-minute ‘super commutes’ more common as Bay Area housin...
by x3n0ph3n3 on Wednesday April 25, 2018 @02:00PM
(#16924236)
The permission (via zoning and permitting) is part of the cost.