News for hackers. Stuff that matters.

A comment on Winners Take All: The Elite Charade of Changing the World [video]. Parent comment

Re:Winners Take All: The Elite Charade of Changing the World... by poulsbohemian on Wednesday October 24, 2018 @07:06PM (#18297242)
>When you put 5 units where there was 1, the value generally doesn't multiply like that

But it does in Seattle. Have you looked at any of those new units they've put in through Phinney ridge and Ballard? That's exactly how it works - tear out one, put up X, and sell at a multiple of what the original would have gained.

[ Parent | on HN ]
Re:Winners Take All: The Elite Charade of Changing the World... by losteric on Wednesday October 24, 2018 @10:33PM (#18298185)
I have seen $K single-family homes get replaced by $K condos in SF, but only because the original home was uninhabitable (ie property value discounted to offset demolition/construction) while the new condos were legitimately luxurious...
[ Parent | on HN ]