5 ms·

Disclaimer: I know nothing about this sort of thing, just doing some napkin math. $15 billion for 15,000 homes is about a million dollars a home? Sounds... hi

Disclaimer: I know nothing about this sort of thing, just doing some napkin math. $15 billion for 15,000 homes is about a million dollars a home? Sounds... high. Especially when you're talking about multi-unit, higher density housing.

riku_iki 3y ago
It's current market price. Land costs money.
miohtama 3y ago
In San Francisco, a toilet alone may cost $1.7M https://abc7news.com/sf-bathrooms-noe-valley-public-toilet-17-million-restroom-donation/12739362/ https://abc7news.com/sf-bathrooms-noe-valley-public-toilet-1...
- coding123 3y ago
  > "Put it to better use. It's ridiculous. $1.7 million for a stupid bathroom," that was a resident interviewed in Oct. 2022. Wow Apparently it went down in price. But my only comment for the "put it to better use" would be that if a toilet is 1.7m, then anything else will consume 1.7m for just the meetings on what the alternative would be.
- walr000s 3y ago
  Still a long way to go to catch up to Geneva.
- mistrial9 3y ago
  most parties directly involved benefit from higher total sticker prices. See also Former SF building inspector took bribes headline.. as if only one did !
deleted 3y ago
[deleted]
dragonwriter 3y ago
> $15 billion for 15,000 homes is about a million dollars a home? > Sounds... high It would be high for that, but it wasn't $15 billion for 15,000 homes, it was $15 billion for a Google office expansion plus development of “residential, retail, hospitality, and community development space,”, the residential component of which would have included 15,000 homes.
- bombcar 3y ago
  This is the key here - and it's not just Google - many "large" developments of whatever often require or include housing as a factor, as part of the deal with the city. For example, a library project is occurring where the developer is getting the land for basically free, and building apartments on the land, but also paying most of the cost of the library.
HDThoreaun 3y ago
Also included office and retail space I think.
toddmatthews 3y ago
you also need to pay to install roads and utilities
ar_lan 3y ago
It's not that high in the Bay Area.
lost_tourist 3y ago
It's not that high in SF, look up condo and home prices. This also included retail and other business space, so you're probably not including at least 50% of the extra cost&benefit when saying $1 million

riku_iki 3y ago

It's current market price. Land costs money.

miohtama 3y ago

In San Francisco, a toilet alone may cost $1.7M https://abc7news.com/sf-bathrooms-noe-valley-public-toilet-17-million-restroom-donation/12739362/ https://abc7news.com/sf-bathrooms-noe-valley-public-toilet-1...

coding123 3y ago
> "Put it to better use. It's ridiculous. $1.7 million for a stupid bathroom," that was a resident interviewed in Oct. 2022. Wow Apparently it went down in price. But my only comment for the "put it to better use" would be that if a toilet is 1.7m, then anything else will consume 1.7m for just the meetings on what the alternative would be.
walr000s 3y ago
Still a long way to go to catch up to Geneva.
mistrial9 3y ago
most parties directly involved benefit from higher total sticker prices. See also Former SF building inspector took bribes headline.. as if only one did !

deleted 3y ago

[deleted]

dragonwriter 3y ago

> $15 billion for 15,000 homes is about a million dollars a home? > Sounds... high It would be high for that, but it wasn't $15 billion for 15,000 homes, it was $15 billion for a Google office expansion plus development of “residential, retail, hospitality, and community development space,”, the residential component of which would have included 15,000 homes.

bombcar 3y ago
This is the key here - and it's not just Google - many "large" developments of whatever often require or include housing as a factor, as part of the deal with the city. For example, a library project is occurring where the developer is getting the land for basically free, and building apartments on the land, but also paying most of the cost of the library.

HDThoreaun 3y ago

Also included office and retail space I think.

toddmatthews 3y ago

you also need to pay to install roads and utilities

ar_lan 3y ago

It's not that high in the Bay Area.

lost_tourist 3y ago

It's not that high in SF, look up condo and home prices. This also included retail and other business space, so you're probably not including at least 50% of the extra cost&benefit when saying $1 million