4 ms·
A duplex or quadplex in a desirable area being upzoned is still going to be well outside the realm of what anyone but the “big boys” can reasonably afford to de
by teakettle42 4y ago
A duplex or quadplex in a desirable area being upzoned is still going to be well outside the realm of what anyone but the “big boys” can reasonably afford to develop.
They’re going to turn it into rentals, and do their best to maximize rent for each unit.
End result is paying an obscene monthly rent for ever-shrinking square footage, while anyone being paid below a living wage sits in the 20+-year-long queue for employer-subsidizing “affordable” apartments.
- imtringued 4y agoYou can avoid this with condominiums.
- whimsicalism 4y agoIt's more than what your typical person can do, maybe, but the cost of the loan to develop a duplex in SF is not as large as you are making it out to be. There could be plenty of entrants to that market.