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Re:San Francisco braces for commercial real estate crash by downrightmike on Tuesday September 06, 2022 @01:34PM (#32740328)
The only way SF will be fixed is if there is massive earthquake to take care of all the nimby concerns. Can't be concerned and stop construction if you don't have a back yard anymore.
Re:San Francisco braces for commercial real estate crash by orangepurple on Tuesday September 06, 2022 @01:42PM (#32740433)
Blockbusting is a "thing" as well
Re:San Francisco braces for commercial real estate crash by treeman79 on Tuesday September 06, 2022 @02:03PM (#32740732)
Not again… last time was such a mess.
Re:San Francisco braces for commercial real estate crash by downrightmike on Wednesday September 07, 2022 @06:29PM (#32757971)
Might get a few covers of this https://www.youtube.com/watch?v=XoC_Kvel_vQ
Re:San Francisco braces for commercial real estate crash by coding123 on Tuesday September 06, 2022 @01:43PM (#32740450)
People in SF have backyards? I can see NIMBY as a concern in the rest of the bay area, but SF, it's already stacked housing.
Re:San Francisco braces for commercial real estate crash by jeffbee on Tuesday September 06, 2022 @01:45PM (#32740472)
Nope. On an area-weighted basis most of SF is wasted on detached single-family homes. https://www.google.com/maps/@37.7470676,-122.4914956,314m/da...
Re:San Francisco braces for commercial real estate crash by FartyMcFarter on Tuesday September 06, 2022 @01:55PM (#32740617)
Why "wasted" ? Does everyone need to live with the least amount of space possible?
Re:San Francisco braces for commercial real estate crash by abawany on Tuesday September 06, 2022 @08:43PM (#32745038)
Plus one thing that gets forgotten in dense housing is that most of them are infested (1) with HOAs (home owner associations) and associated 'management companies' that work hard to suck up the residents hard-earned funds. They, like political systems that don't have mandatory voting, take advantage of resident indifference to perpetuate astounding pilfering, malpractice, and incompetence. Most newer single family homes are also infested with these parasites so you are never safe but they almost seem to be mandatory in higher density housing; the best reason I can think of why newer homes have these is so the builder can milk the hapless buyers one last time as they usually maintain complete control of the HOA while the project is in the building phase. I pine for the old-school townhomes that were not thus infested - I suppose it is too much to hope that builders will build neighborhoods without encumbering them with this atrocity.

1: I use this term deliberately and with intention plus restraint, having suffered through these for years now. I hope you never experience the misery that is an HOA.

Re:San Francisco braces for commercial real estate crash by 14 on Tuesday September 06, 2022 @03:00PM (#32741638)
Even in a single family detached home my last neighbor was a nightmare. He was a drunk and would be loud and throw bottles into my yard and start arguments any time anyone said anything. He was a renter so eventually he got into bad terms with his landlord and she booted him. I would dread the thought of loving even closer to someone. At least I had a fence and some concept of space from him. I could only imagine the harassment living wall to wall with this guy. For me single family detached homes are not wasted space but the minimum people should strive for.
Re:San Francisco braces for commercial real estate crash by jeffbee on Tuesday September 06, 2022 @02:00PM (#32740693)
There is a large difference between a preference and a mandate. The city of San Francisco requires this development pattern. It is not known whether the owners prefer it or not. The existence of pre-down-zoning apartment buildings in this area of town suggests that the preference is not universal.
Re:San Francisco braces for commercial real estate crash by lokar on Tuesday September 06, 2022 @02:10PM (#32740826)
The majority of voters and neighborhood groups strongly prefer the current policy.

Prevent new housing and complain about prices is the dominant position. And elected officials comply. Democracy is functioning.

Re:San Francisco braces for commercial real estate crash by lokar on Tuesday September 06, 2022 @02:07PM (#32740793)
They don't. But if you want only detached single family homes you don't get to complain about prices.
Re:San Francisco braces for commercial real estate crash by JumpCrisscross on Tuesday September 06, 2022 @02:15PM (#32740914)
> if you want only detached single family homes you don't get to complain about prices

Or about a collapsing tax base when stuff like a commercial real estate collapse occur.

Re:San Francisco braces for commercial real estate crash by echelon on Tuesday September 06, 2022 @02:15PM (#32740908)
Those with the homes are not the ones complaining.
Re:San Francisco braces for commercial real estate crash by lokar on Tuesday September 06, 2022 @02:18PM (#32740957)
But they are! It's truly bizarre. Somehow the accepted narrative is that prices are high because greedy developers focus only on luxury condos.

I often see new buildings criticized because they will raise the average rent in the area. And people accept that argument. Think about that for a moment.

Re:San Francisco braces for commercial real estate crash by zdragnar on Tuesday September 06, 2022 @02:39PM (#32741287)
It is what happened in several neighborhoods that I used to live in or work near.

New construction was expensive, so they geared the apartments towards the upper end of the market. Rents at existing places didn't go down; if anything, it gave them an incentive to go up since they wouldn't be the most expensive place anymore if they did.

Loans and what not put a price floor on the rents of new units; given how hard it is to evict bad tenants (especially with the current backlog), and how hard it is to bring prices back up in rent controlled cities, they're just as well off leaving units empty at full price as they are renting below cost just to stop the bleed.

Re:San Francisco braces for commercial real estate crash by jdkee on Tuesday September 06, 2022 @01:57PM (#32740651)
Americans overwhelmingly prefer single-family detached homes when given other options. How is choosing a higher-quality of life option “wasted”?
Re:San Francisco braces for commercial real estate crash by JumpCrisscross on Tuesday September 06, 2022 @02:02PM (#32740722)
> Americans overwhelmingly prefer single-family detached homes when given other options. How is choosing a higher-quality of life option “wasted”?

It's not. But it's wasteful in an urban core, where that lack of density forgoes real economic opportunity. It also creates an easily-identified cause for the lack of housing supply.

Re:San Francisco braces for commercial real estate crash by pessimizer on Tuesday September 06, 2022 @02:39PM (#32741271)
> that lack of density forgoes real economic opportunity.

Which is why SF is so poor and underdeveloped.

> It also creates an easily-identified cause for the lack of housing supply.

An easily identified excuse. Now do suburban Tennessee.

Re:San Francisco braces for commercial real estate crash by smcl on Tuesday September 06, 2022 @03:21PM (#32741947)
> Which is why SF is so poor and underdeveloped.

No, it's one reason why some US cities are becoming increasingly unlivable for anyone outside the upper-middle class - those who sell your groceries, make your lunch or deliver your packages (to name only a handful of occupations).

> An easily identified excuse. Now do suburban Tennessee.

Is suburban Tennessee an urban core?

Re:San Francisco braces for commercial real estate crash by smcl on Tuesday September 06, 2022 @02:08PM (#32740797)
I think if people were given the choice - particularly somewhere like San Francisco - they'd would much prefer to live in an apartment they could reasonably afford vs a detached home they could only afford if they travelled back in time 30+ years.
Re:San Francisco braces for commercial real estate crash by pessimizer on Tuesday September 06, 2022 @02:36PM (#32741233)
They're given the choice, which is overwhelmingly taken by 99.9% of the people in the world, of not living in SF.
Re:San Francisco braces for commercial real estate crash by smcl on Wednesday September 07, 2022 @01:52AM (#32746851)
Very clever, but there is more than one city in the USA and, in fact, the world. Current trend is for people to choose to move from towns and villages - where detached housing is the norm - to cities where apartments are more common.
Re:San Francisco braces for commercial real estate crash by polotics on Tuesday September 06, 2022 @02:51PM (#32741498)
higher quality of life for the many who commute more than one hour each way in and out of SF this definitely is not...
Re:San Francisco braces for commercial real estate crash by thatfrenchguy on Tuesday September 06, 2022 @02:45PM (#32741380)
Yeah most historic apartment buildings in SF actually have a rear yard.