Commercial property deals in the US are starting to pick up at deep discounts

Re:Commercial property deals in the US are starting to pick ... by hackerlight on Thursday February 15, 2024 @06:20AM (#39381407)

Your conclusion rests on a likely false assumption that things remain expensive in a world where more housing isn't illegal. If capsule (and indeed, all) housing is no longer illegal, the price of everything falls. Regular one-bedroom unit rental will become affordable for the majority of people, so there will be no desire to downgrade to a capsule home. This is not Hong Kong where land is so scarce that even building vertically is insufficient to keep rents low.

A small number of people who have the lowest incomes will probably downgrade to capsule homes, instead of the status quo of living far away from their work. So they'll make a conscious decision to trade-off living space for a shorter commute, and who are you to tell them that's not in their best interest? Forced hour-long commutes is bad for people's wellbeing, which is what's happening in the status quo.

This discussion is a bit of a tangent because most housing proponents don't care if capsule homes are illegal. All they want is for normal units to not be illegal. That will get you 95% of the way there, capsule homes is nothing more than a theoretical curiosity outside of extremely dense countries like HK.

[ Parent | on HN ]

Re:Commercial property deals in the US are starting to pick ... by candiodari on Thursday February 15, 2024 @06:53AM (#39381616)

Yeah, sorry, but this argument totally stops making sense when you consider:

1) safety: obviously people would not be safe in capsule hotels. This cannot be changed, and would fundamentally alter society if it became popular

2) It applies to other forms of safety. Collapse safety? Why? It's cheaper without (and the state will have to pay most damages anyway). Medical safety (e.g. anti-mold regulation)? Why?

Such a policy will not drop prices, except the sticker price and will cause untold misery in society. We can discuss individual measures, perhaps, but not that a lot of these price increasing really contribute to society.

[ Parent | on HN ]

Re:Commercial property deals in the US are starting to pick ... by hackerlight on Thursday February 15, 2024 @07:36AM (#39381940)

I was talking purely about the economics, challenging the idea that rent would remain unchanged, and so everyone would want to downgrade to a capsule dwelling. This is not true. Rents will go down, and a lot of people that can't currently afford a 1 bedroom unit will now be able to afford one.

As a matter of policy, I am in favor of safety regulations. If that makes capsule dwellings illegal then so be it. We can solve the housing crisis without resorting to capsule dwellings.

[ Parent | on HN ]