Re:Los Angeles is spending up to $837k to house a single hom...
by wolverine876 on Thursday February 24, 2022 @12:41PM
(#30457742)
> $837,000
That's not what is happening. Per the article:
14% of the units build exceeded $700,000 each, and one project in pre-development is estimated to cost almost $837,000 per unit.
Re:Los Angeles is spending up to $837k to house a single hom...
by dahfizz on Thursday February 24, 2022 @02:10PM
(#30458870)
This is a meaningless nitpick. Spending "over $700,000" to house an individual is just as insane as spending "up to $837,000". Its embarrassing and ridiculous either way.
Re:Los Angeles is spending up to $837k to house a single hom...
by wolverine876 on Friday February 25, 2022 @01:25AM
(#30464236)
It's not meaningless. 86% cost less than 700K.
I don't think it was known, in advance, that this would be the resulting cost, assuming that figure is accurate. I don't think any rational person would put forward such a program and that $837,000 to build a single studio house seems insane to everyone, not just non-Californians.
I think the point OP is trying to make is that the skyrocketing cost is partly caused by a certain class of privileged Californian's continuing to fight the effort to build more housing.