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Cities like Portland need more units, period. In your scenario a very small percentage of the city getting redeveloped would be plenty. Nobody is talking about quadrupling the housing stock.
As for prices, the point isn't that new market-rate units would be cheap (though they can be if small). Old units are the ones that tend to get cheap, mostly because their former residents move up.
More units...OR a more efficient use of the units which presently exist. How many units are "under-occupied" below capacity? (e.g. 3BR homes occupied by singles or empty-nester couples) Probably tens of thousands.
IMO: High cost f housing and rents a result of supply and demand due to manipulation by banks and government. Do you agree or disagree- and why?
Why would "banks and government" seek to incur this "manipulation". Banks want people to borrow and the events leading up to the credit crisis illustrate this very well. Mortgages generate income for lenders. Governments want GDP growth, which relies on demand, which relies on household formation. Demand drives spending and spending means taxes (revenue).
I have heard that a portion of the "housing shortages" are due to (1) older existing homeowners not putting their homes on the market for various reasons (2) a shortage of available skilled construction labor for new construction (3) a delay by younger people to take on home ownership (4) investors having bought a lot of inventory for rental purposes.
More units...OR a more efficient use of the units which presently exist. How many units are "under-occupied" below capacity? (e.g. 3BR homes occupied by singles or empty-nester couples) Probably tens of thousands.
Just because you are content to live in a house with a million adults, doesn't mean everyone wants to. Childless couple here, with a 3 bedroom house. If it's "under-occupied", it's just according to YOUR opinion. Since I can afford it and bought it, I can live there.
Are you suggesting that the government FORCE me to live in a smaller home, or cram more people in, just because you can't afford to live like I do? Me, a woman who entered the workforce the same time as you, without a degree, and yet still managed to afford 4 homes. If that's what you're suggesting, your envy has reached pathological proportions.
And poor people want affordable housing. People can't have everything they want, although investors are more likely than poor people in achieving their objectives.
Well when you're the one with money, you can do what you want i.e. whatever makes you more money. There's no money to be made in affordable housing.
It's not like builders in population centers can decide one day to buy a lot or land and build... building today has never been more regulated on every level...
Across the street from work a builder paid 1.1M for a property on the regional transit corridor with a bus stop out front and BART a short walk and a major Mall two blocks... it had a restaurant that was lost in the foreclosure crisis and the building was in sad shape... the buyer razed the building and submitted plans for housing... it has been nearly 5 years and the property sits with temporary cyclone fencing in place.
The land is not zoned for any type of housing and since the existing building was leveled nothing similar in size can be built again... the property was larger but over the years the city and state have through eminent domain taken about 30% for street and public works...
Doubt I will see anything built there anytime soon... the owner is now into it 1.4M with taxes and building demolition and permit application fees...
How could anything affordable housing wise ever be built at this point?
How could anything affordable housing wise ever be built at this point?
Is there evidence of there ever having been an interest in building affordable housing on the site? Otherwise, many more should be thankful than are for the existence of codes that keep profiteers from despoiling our towns and cities and putting our lives and health at risk.
I believe you are more right than you know...
How could anything affordable housing wise ever be built at this point?
Lucky thing though... they really don't need to build more low cost housing
to support people with less than adequate income capacity in those high COL areas.
What's needed is to relocate these folks to where the housing already exists.
Most of these points were covered in the first pages of this overlong thread.
The wisest will move themselves.
Lucky thing though... they really don't need to build more low cost housing
to support people with less than adequate income capacity in those high COL areas.
What's needed is to relocate these folks to where the housing already exists.
Most of these points were covered in the first pages of this overlong thread.
The wisest will move themselves.
If you're making burger flipper wages, sure, relocate them inland. For the top jobs not found anywhere else, there aren't many alternatives.
Is there evidence of there ever having been an interest in building affordable housing on the site? Otherwise, many more should be thankful than are for the existence of codes that keep profiteers from despoiling our towns and cities and putting our lives and health at risk.
It was a farm until the 1930's and then part of a horse racing track and became a restaurant in 1946 because it was a natural intersection of two State Highways...
The restaurant and bakery lasted for 56 years and then vacant and left to rot and then razed and now several years with cyclone temporary fencing with trash being dumped all the time...
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