News for hackers. Stuff that matters.

A comment on Solving the housing crisis requires fighting monopolies in construction (2020). Parent comment

Re:Solving the housing crisis requires fighting monopolies i... by teakettle42 on Sunday June 05, 2022 @01:33AM (#31628320)
A duplex or quadplex in a desirable area being upzoned is still going to be well outside the realm of what anyone but the “big boys” can reasonably afford to develop.

They’re going to turn it into rentals, and do their best to maximize rent for each unit.

End result is paying an obscene monthly rent for ever-shrinking square footage, while anyone being paid below a living wage sits in the 20+-year-long queue for employer-subsidizing “affordable” apartments.

[ Parent | on HN ]
Re:Solving the housing crisis requires fighting monopolies i... by whimsicalism on Sunday June 05, 2022 @09:35AM (#31630861)
It's more than what your typical person can do, maybe, but the cost of the loan to develop a duplex in SF is not as large as you are making it out to be. There could be plenty of entrants to that market.
[ Parent | on HN ]
Re:Solving the housing crisis requires fighting monopolies i... by imtringued on Sunday June 05, 2022 @05:43AM (#31629419)
You can avoid this with condominiums.
[ Parent | on HN ]