Re:California’s housing crisis: how a bureaucrat pushed to b...
by Robotbeat on Friday February 14, 2020 @01:53PM
(#22329146)
> 1) made for high-income dwellers, thus not reducing prices, because the high-income and low-income housing markets are often effectively separate markets, like cars and semi-tractor trailors.
This is really a misnomer (and it is the linchpin of NIMBY arguments, especially in the Bay Area). If high income housing is not built, then high income people will inhabit and buy up the middle income housing, who in turn will inhabit and buy up low income housing, if they can find any at all.
You can see this clearly in the Bay Area. You have tiny houses going for like a couple million dollars.
In such an environment it's impossible to build stuff (at least, legally) that ISN'T high income housing as high income people are the only people who can afford any kind of housing in the area.
"But it's only made for high income dwellers." Build a cheap (but code-compliant) 600sqft studio in the Bay Area? Around $900/ft^2 would be the market price. It's only affordable to high income folk. A studio. This 161sqft studio in San Fran is $2300/month: https://www.businessinsider.com/smallest-apartment-for-rent-...
How is it even possible to build housing that isn't for high earners in San Francisco?
The only way to change is to build a LOT more and keep building. Or, I guess, destroy the entire local economy.
This is really a misnomer (and it is the linchpin of NIMBY arguments, especially in the Bay Area). If high income housing is not built, then high income people will inhabit and buy up the middle income housing, who in turn will inhabit and buy up low income housing, if they can find any at all.
You can see this clearly in the Bay Area. You have tiny houses going for like a couple million dollars.
In such an environment it's impossible to build stuff (at least, legally) that ISN'T high income housing as high income people are the only people who can afford any kind of housing in the area.
"But it's only made for high income dwellers." Build a cheap (but code-compliant) 600sqft studio in the Bay Area? Around $900/ft^2 would be the market price. It's only affordable to high income folk. A studio. This 161sqft studio in San Fran is $2300/month: https://www.businessinsider.com/smallest-apartment-for-rent-...
How is it even possible to build housing that isn't for high earners in San Francisco?
The only way to change is to build a LOT more and keep building. Or, I guess, destroy the entire local economy.