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It can also be 100% affordable to moderate income although that's almost assuredly less lucrative.
by HDThoreaun 4y ago
It can also be 100% affordable to moderate income although that's almost assuredly less lucrative.
- danans 4y agoPerhaps it's less lucrative, but it would still allow for increasing the housing stock without putting a 50 unit building in the midst of an existing SFH neighborhood. Developers will also need to weigh the desirability of what they build into the equation. There's quite possibly a sweet spot of desirability and affordability at 3 dwellings per lot. As an example, I live on a multi-dwelling lot (effectively town-homes without shared walls) in a predominately SFH neighborhood. It's very high density by California standards, but it's quite desirable and not apartment-block style living.
- crooked-v 4y agoUnfortunately, many California cities are so incredibly far behind what's actually needed for equitable housing costs that the only practical way for them to catch up is a lot of 50-unit buildings built yesterday.
- jahewson 4y agoIt’s not less lucrative, it’s non-lucrative. Labor, materials and land in California all cost a small fortune.