4 ms·
No, quite the opposite. A 500k house becomes 12 $250k 1000sqft condos is the actual math in SFH -> highrise conversion.
by mahyarm 11y ago
No, quite the opposite. A 500k house becomes 12 $250k 1000sqft condos is the actual math in SFH -> highrise conversion.
- ryandrake 11y agoMaybe in some other Bay Area, but not here. New construction in the SF Bay Area is almost always "luxury" townhouses and apartments.
- mahyarm 11y agoI always snort at what people call luxury in the bay area. 'luxury' here is the honda civic equivalent of new housing elsewhere in the USA. This is luxury housing: http://www.dailymail.co.uk/news/article-2793242/a-95million-view-inside-new-york-luxury-skyscraper-tallest-condo-western-hemisphere-1-396-feet.html http://www.dailymail.co.uk/news/article-2793242/a-95million-... I'm also surprised that you would still think the math does not apply. A 100 unit building taking up the space of 12 SFH $1.5mm homes will sell many more $800k 2 bedroom apartments comparing what houses and apartments sell for Build about 1000 of the buildings close to bart and muni tunnel stations and you would get 100'000 units for the price of 3000 SFH / in law units and a larger city budget to fund the new required transit system capacity.
- ryandrake 11y agoThat's why I put "luxury" in quotations. A "luxury" townhouse here is simply a very expensive tiny home, thrown together with cheap materials, faux-everything, bland interiors that look like generic hotel rooms, sometimes displaying a fake stone facade or arched entryway in an attempt to mimic class.