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I don't understand. Investment growth means house/condo prices keep going up. New houses/condos sell for market rates. The smallest places, studios, are already

I don't understand. Investment growth means house/condo prices keep going up. New houses/condos sell for market rates. The smallest places, studios, are already out of control. Building more at these prices is not building affordable housing. And everything is interconnected because it is a market. The only way things get better for renters is if they get a lot worse for owners.

jayd16 7y ago
Single family homes and cheap apartments serve different populations. There's some market pressure, sure, but the family looking to buy a $1m+ home is not in the same market as a studio renter. Adding more studios won't crash the single family home market but will mean cheaper studios.
- twiceaday 7y ago
  Studios are already ridiculously expensive.
  - jayd16 7y ago
    More supply would lower the cost. My point is more supply of studios would not greatly lower the cost of single family homes so we can have our cake and eat it too. Landlords would take a hit but they could also decide to redevelop at a higher density for more revenue. No one has to get screwed as long as we're willing to live near higher density construction.
    - twiceaday 7y ago
      Actually affordable studios would have impact, significant impact up stream. Also, what are you trying to solve? A semantic argument or the need for people to live comfortably? Last generation got there first so they get houses, this generation got here last so they get studios?
      - jayd16 7y ago
        >Last generation got there first so they get houses, this generation got here last so they get studios? This is a self defeating sentiment. You're not going to drive homeowners out without buying them off. You're not going to serve more people with low density housing. Its just how it is. With the availability of cheaper high density housing young people can at least start saving. There can still be nice high rise condos but the idea that everyone in LA and SF can have a single story home is just not going to happen.

jayd16 7y ago

Single family homes and cheap apartments serve different populations. There's some market pressure, sure, but the family looking to buy a $1m+ home is not in the same market as a studio renter. Adding more studios won't crash the single family home market but will mean cheaper studios.

twiceaday 7y ago
Studios are already ridiculously expensive.
- jayd16 7y ago
  More supply would lower the cost. My point is more supply of studios would not greatly lower the cost of single family homes so we can have our cake and eat it too. Landlords would take a hit but they could also decide to redevelop at a higher density for more revenue. No one has to get screwed as long as we're willing to live near higher density construction.
  - twiceaday 7y ago
    Actually affordable studios would have impact, significant impact up stream. Also, what are you trying to solve? A semantic argument or the need for people to live comfortably? Last generation got there first so they get houses, this generation got here last so they get studios?
    - jayd16 7y ago
      >Last generation got there first so they get houses, this generation got here last so they get studios? This is a self defeating sentiment. You're not going to drive homeowners out without buying them off. You're not going to serve more people with low density housing. Its just how it is. With the availability of cheaper high density housing young people can at least start saving. There can still be nice high rise condos but the idea that everyone in LA and SF can have a single story home is just not going to happen.