3 ms·
Sure, but then he's building for $100/sqft in SF, which is laughable. Going rates right now are closer to $400/sqft at the low-end, without permitting. I get
by drinkzima 8y ago
Sure, but then he's building for $100/sqft in SF, which is laughable. Going rates right now are closer to $400/sqft at the low-end, without permitting. I get aiming for smaller units to improve affordability, but the assumptions aren't grounded in reality.
- wahern 8y agoAccording to a recent report the average total cost is $330/sqft: https://www.spur.org/news/2018-05-09/it-all-adds-growing-costs-prevent-new-housing-california https://www.spur.org/news/2018-05-09/it-all-adds-growing-cos... I imagine the low-end is substantially less than the average, or could be if SF zoning and permitting wasn't so screwed up and we were actually building more low-end housing. The point of the article is to show what's financially viable if the system weren't so screwed up; that low-end housing is viable even in the face of absurd land-value prices.