3 ms·
The article gets into some technical rules consequences that are fresh and interesting relative to the usual zoning and NIMBYism discussions. I think they would
by closeparen 5y ago
The article gets into some technical rules consequences that are fresh and interesting relative to the usual zoning and NIMBYism discussions. I think they would apply to markets where developer interest, rather than a planning commission, is the limiting factor.
- Condo projects are uniquely sensitive to credit availability for first time buyers. Shifting credit towards established buyers naturally shifts housing starts towards SFHs since that is what established buyers want. I would imagine this would also be at play in the disappearance of starter houses.
- Developer warranty encourages HOAs to become involved in litigation right as the building starts to be occupied. You can’t get a mortgage in a building with ongoing HOA litigation. Once the developer has sold enough units to generate a lawsuit but not enough units to cover his costs, he gets stuck in limbo squatting on inventory until the lawsuit settles. You could imagine ways of fulfilling both intents without such an unfortunate interaction.