5 ms·

> Lorena Plaza, which would cost about $23 million, would qualify for the funds. 49 units at $23 million or $469k/unit. Is it me or is this an insanely high nu

> Lorena Plaza, which would cost about $23 million, would qualify for the funds. 49 units at $23 million or $469k/unit. Is it me or is this an insanely high number? Remember, it's not even a house.

collias 9y ago
Welcome to the California housing market. It's very difficult to buy anything under $400k in any of the larger cities, even something like a two bedroom condo.
- sologoub 9y ago
  I’m LA resident and you can absolutely buy condos for less than that. In fact, here’s a whole house up the street from the lot for less: https://www.redfin.com/CA/Los-Angeles/411-N-Ditman-Ave-90063/home/6958329 https://www.redfin.com/CA/Los-Angeles/411-N-Ditman-Ave-90063... This project would be better off buying up some delapidated properties and making them habitable again.
  - dxhdr 9y ago
    > here’s a whole house up the street from the lot for less: https://www.redfin.com/CA/Los-Angeles/411-N-Ditman-Ave-90063.. https://www.redfin.com/CA/Los-Angeles/411-N-Ditman-Ave-90063.... LA housing: a 100 year old 900 sq foot place surrounded by chain link fences for the low price of $450k.
    - sologoub 9y ago
      Never said it was a palace, but it’s a house for less than what the program wants to spend on a unit, likely equivalent of a one bedroom.
kqr2 9y ago
In SF, some of the affordable housing units are from $600K - $825K. http://cityobservatory.org/the-high-high-price-of-affordable-housing/ http://cityobservatory.org/the-high-high-price-of-affordable...
- danjoc 9y ago
  I wonder if you asked a resident of said hovels if s/he would rather stay in SF, or accept a bus ticket and this place https://www.zillow.com/homedetails/12321-Fairhill-Rd-Cleveland-OH-44120/33416835_zpid/ https://www.zillow.com/homedetails/12321-Fairhill-Rd-Clevela...
  - blackguardx 9y ago
    I used to live a block from that house. There are many like that in Cleveland, especially on Fairmount Blvd. It is important to remember that the rust belt was the silicon valley of its day. No longer. Economic success is often ephemeral. At least there is still enough money in Cleveland to maintain these monuments to distant wealth.
jseliger 9y ago
49 units at $23 million or $469k/unit. Is it me or is this an insanely high number? Remember, it's not even a house. It is not just you, and I've worked for many LA nonprofit and public agencies, including some involved in homelessness and mental health services. It's not surprising to me that the city can't keep enough homelessness services, for reasons I write about in "L.A. digs a hole more slowly than economics fills it back in: The Proposition HHH Facilities Program RFP" http://seliger.com/2017/08/30/l-digs-hole-slowly-economics-fills-back-proposition-hhh-facilities-program http://seliger.com/2017/08/30/l-digs-hole-slowly-economics-f... . Oddly, one of the better descriptions I've read about why LA costs so much comes from Reddit: https://www.reddit.com/r/LosAngeles/comments/6lvwh4/im_an_architect_in_la_specializing_in_multifamily https://www.reddit.com/r/LosAngeles/comments/6lvwh4/im_an_ar...
- sologoub 9y ago
  There are ways around many of these things, including variance/non-conformity applications. But I’m sure you know that given your blog post. Boyle Heights is not a wealthy/expensive neighborhood and there is a large amount of housing stock that could be rehabbed/rebuilt for this project for far less. Even multifamily buildings.
starrychloe 9y ago
It's government. That explains everything. They don't have to be efficient with your money because they stole it, fuck you very much.
- sctb 9y ago
  We've banned this account because this ideological trolling needs to stop. If you've cooled down and want your account unbanned, you can email us at hn@ycombinator.com and we'll unban you if we believe you'll post within the guidelines in the future. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
  - starrychloe 9y ago
    Are you sure?

> Lorena Plaza, which would cost about $23 million, would qualify for the funds. 49 units at $23 million or $469k/unit. Is it me or is this an insanely high number? Remember, it's not even a house.

collias 9y ago

Welcome to the California housing market. It's very difficult to buy anything under $400k in any of the larger cities, even something like a two bedroom condo.

sologoub 9y ago
I’m LA resident and you can absolutely buy condos for less than that. In fact, here’s a whole house up the street from the lot for less: https://www.redfin.com/CA/Los-Angeles/411-N-Ditman-Ave-90063/home/6958329 https://www.redfin.com/CA/Los-Angeles/411-N-Ditman-Ave-90063... This project would be better off buying up some delapidated properties and making them habitable again.
- dxhdr 9y ago
  > here’s a whole house up the street from the lot for less: https://www.redfin.com/CA/Los-Angeles/411-N-Ditman-Ave-90063.. https://www.redfin.com/CA/Los-Angeles/411-N-Ditman-Ave-90063.... LA housing: a 100 year old 900 sq foot place surrounded by chain link fences for the low price of $450k.
  - sologoub 9y ago
    Never said it was a palace, but it’s a house for less than what the program wants to spend on a unit, likely equivalent of a one bedroom.

kqr2 9y ago

In SF, some of the affordable housing units are from $600K - $825K. http://cityobservatory.org/the-high-high-price-of-affordable-housing/ http://cityobservatory.org/the-high-high-price-of-affordable...

danjoc 9y ago
I wonder if you asked a resident of said hovels if s/he would rather stay in SF, or accept a bus ticket and this place https://www.zillow.com/homedetails/12321-Fairhill-Rd-Cleveland-OH-44120/33416835_zpid/ https://www.zillow.com/homedetails/12321-Fairhill-Rd-Clevela...
- blackguardx 9y ago
  I used to live a block from that house. There are many like that in Cleveland, especially on Fairmount Blvd. It is important to remember that the rust belt was the silicon valley of its day. No longer. Economic success is often ephemeral. At least there is still enough money in Cleveland to maintain these monuments to distant wealth.

jseliger 9y ago

49 units at $23 million or $469k/unit. Is it me or is this an insanely high number? Remember, it's not even a house. It is not just you, and I've worked for many LA nonprofit and public agencies, including some involved in homelessness and mental health services. It's not surprising to me that the city can't keep enough homelessness services, for reasons I write about in "L.A. digs a hole more slowly than economics fills it back in: The Proposition HHH Facilities Program RFP" http://seliger.com/2017/08/30/l-digs-hole-slowly-economics-fills-back-proposition-hhh-facilities-program http://seliger.com/2017/08/30/l-digs-hole-slowly-economics-f... . Oddly, one of the better descriptions I've read about why LA costs so much comes from Reddit: https://www.reddit.com/r/LosAngeles/comments/6lvwh4/im_an_architect_in_la_specializing_in_multifamily https://www.reddit.com/r/LosAngeles/comments/6lvwh4/im_an_ar...

sologoub 9y ago
There are ways around many of these things, including variance/non-conformity applications. But I’m sure you know that given your blog post. Boyle Heights is not a wealthy/expensive neighborhood and there is a large amount of housing stock that could be rehabbed/rebuilt for this project for far less. Even multifamily buildings.

starrychloe 9y ago

It's government. That explains everything. They don't have to be efficient with your money because they stole it, fuck you very much.

sctb 9y ago
We've banned this account because this ideological trolling needs to stop. If you've cooled down and want your account unbanned, you can email us at hn@ycombinator.com and we'll unban you if we believe you'll post within the guidelines in the future. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- starrychloe 9y ago
  Are you sure?