tag:blogger.com,1999:blog-1110014885778996459.post9024656812525937025..comments2024-03-28T11:48:09.419-07:00Comments on Idiosyncratic Whisk: Housing: Part 280 - Mood, priors, conclusions, and epistemic closureKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1110014885778996459.post-77515616439915290642022-04-18T18:48:11.738-07:002022-04-18T18:48:11.738-07:00URGENT LOAN IS AVAILABLE NOW
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I dunno.
If you could get permitted t...Matthias:<br /><br />I dunno. <br /><br />If you could get permitted to build a 50-story condo tower in Beverly Hills, you could sell for maybe $3 mil a pop. Call it four units per floor, and you are talking $600 million in sales. If you think my prices sound high, see this: <br /><br />https://www.trulia.com/for_sale/Beverly_Hills,CA/CONDO_type/<br /><br />So, whose four to six homes will be flattened to make way for the condo tower, and in whose neighborhood? Mr BH Manse Owner wants a 50-story condo across the street? <br /><br />So, in this regard, the Erdmann's taxi driver is correct. It is only the middle-class housing that gets bulldozed, and expensive housing supplants it. It is still a positive, but the optics are horrible, and there is ton of class bias going on. <br /><br />Let's face it, the people who control property zoning in most cities are not going to bulldoze luxury neighborhoods, and treat middle-class neighborhoods sacred and off-limits. <br /><br />Once again, I say the solution is a Supreme Court ruling that property zoning is not constitutional. Let it rip. In every neighborhood. <br /><br />Yeah, free markets in property development. Not a polite topic of discussion, btw. <br /><br />Here is a story, not sure what it means. <br /><br />https://www.bisnow.com/national/news/multifamily/10-markets-that-will-be-flooded-with-new-apartment-supply-in-2018-84030<br /><br /><br /><br /><br /><br /><br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-49082663098289930852018-01-27T02:14:33.891-07:002018-01-27T02:14:33.891-07:00If building anything requires so much effort and c...If building anything requires so much effort and cutting red tape, we'll only see condos going up when they replace something much cheaper. No one will be more incremental upgrades in land usage.<br /><br />That would explain part of your observation. But I don't know if it's enough.Matthiashttps://www.blogger.com/profile/13665641102508209349noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-17281196900078963152018-01-26T21:43:01.078-07:002018-01-26T21:43:01.078-07:00Add on: the anti-developers do have one point: Den...Add on: the anti-developers do have one point: Dense luxury housing is rarely proposed to supplant single-family detached luxury housing. Somehow it is always the middle-class housing that must be obliterated.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-1342540423622981122018-01-26T19:19:41.394-07:002018-01-26T19:19:41.394-07:00Great post.
Yes, gentrification displaces resident...Great post.<br />Yes, gentrification displaces residents. Tough sell to public.<br />In L.A. you also have an overwhelmed transportation infrastructure.<br /><br />But there may be early signs of prices topping out in closed access cities. If so the CPI will flatten even more...Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com