4 ms·
Sounds a lot like what's been happening in Melbourne for a decade now. Lessons to be learned there.
by cylinder 10y ago
Sounds a lot like what's been happening in Melbourne for a decade now. Lessons to be learned there.
- ido 10y agoIsn't this a positive thing? Increased supply will reduce prices.
- cylinder 10y agoI don't mind it even if it's all to sell to foreigners, but I do mind when they don't rent it out and the apartments are built horribly, with major defects, unlivable sizes, paper thin walls etc because the overseas buyers don't care and just want bank accounts. You need strict minimum standards.
- woodpanel 10y agoI do think too there should be always quality standards for construction to secure a minimum quality of housing (Most of what attracts people to suburbia besides the price is privacy). But I think the biggest inflater usually is height-restrictions, parking-lot-requirements and a general uncertainty of what an ownership title actually means: in every municipality you'll find different possibilities of NIMBY-interference and likelihoods thereof.
- seanmcdirmid 10y agoIs there a lot of Chinese speculation in the Seattle market?
- cylinder 10y agoRecently more interest as Vancouver turned against foreign buyers with new taxes. However, the strong USD should clamp down a bit. Seattle also has strong local demand though, for now.
- woofyman 10y agoAtlanta as well. They're all "luxury" buildings and a 400 square foot studio is 1200 a month.
- santaclaus 10y ago> a 400 square foot studio is 1200 a month. Is this a good or a bad thing? That sounds cheap to my ears.
- woofyman 10y agoThat's very expensive for Atlanta. edit: it's the new normal for desirable in town neighborhoods.
- xapata 10y agoAbout 10 years ago I paid $800 monthly for a nice 550 sq ft studio in midtown Atlanta and thought that was pricey. The most luxurious studios were ~$1k at the time. The rate of increase seems reasonable.
- daveguy 10y agoWow. 20 years ago my roommates and I split a 3 bedroom / 3 bath apartment for 1200 / mo in Home Park -- just north of Georgia Tech in Atlanta. Crazy to think the same amount of money will now get you a 400 sqft studio.
- donretag 10y agoIIRC, my 2BR in Buckhead was $810 back in 1998.