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Not true, at least if you are looking at the demand side. Micro-apartments got approved for building in a San Francisco suburb and got bought up right away. Pe
by nowarninglabel 9y ago
Not true, at least if you are looking at the demand side. Micro-apartments got approved for building in a San Francisco suburb and got bought up right away.
Perhaps your city is an outlier, but across the U.S. micro-housing is in demand. Here's a great starting off point to read about it (and do visit the linked research in the article):
https://www.forbes.com/sites/scottbeyer/2017/03/31/what-is-the-market-demand-for-micro-housing-in-san-francisco/#2860edfb5c05 https://www.forbes.com/sites/scottbeyer/2017/03/31/what-is-t...
- Spooky23 9y agoSFO is an outlyer. I said there's no demand for $500 apartments (implying a median market). Bay Area micro-apartments aren't $500/mo!
- jdavis703 9y agoI think there is demand. That's the niche that SROs used to fill in the Bay Area. Now a lot of people who would've been in units priced around $500 are living in their cars or in the street. The wait for affordable housing is long, and most landlords refuse to rent out to Section 8 tenants. That's why housing around this price point is needed by many.
- closeparen 9y agoIf there’s no demand, why do we need regulations to prevent them?
- GFischer 9y agoVery cool and exactly what I was mentioning. And the MicroPAD apartments look way cooler than my old studio :) Of course, I paid 200 dollars in rent, not 3500 !