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My comment was written 13 days ago. I have since gotten off the street with a market based solution. I am in an SRO. Historically, we had a lot more SROs and b
by Mz 9y ago
My comment was written 13 days ago. I have since gotten off the street with a market based solution. I am in an SRO.
Historically, we had a lot more SROs and boarding houses than we do currently. Up to 80% of SROs were torn down in the 60s and 70s when they weren't needed by Baby Boomers, who were a demographic anomaly. As demographics returned to something more normal, we never rebuilt them.
They are less profitable than other land uses. This is not the same as being unprofitable.
In California, residential prices are skewed by protectionist government measures. Dismantling the government interference that pushes housing costs up in the state would very likely reduce the need for government vouchers et al for the poor.
I left California to find someplace I could afford.
- gamechangr 9y agoThat's great - congratulations. Less profitable - yet profitable - sounds reasonable. I'm not familiar enough with the builders pricing to know.