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It might be manufactured, but building high-density housing is not going to bring any prices down. I lived in downtown Sacramento for a few years. I moved into
by Domenic_S 13y ago
It might be manufactured, but building high-density housing is not going to bring any prices down.
I lived in downtown Sacramento for a few years. I moved into new high(er) density apartments [0] the first year they were built. I paid $1000/month for a 400 sq ft studio with parking. For price reference, later I rented a more traditional apartment that was twice as big, several blocks away for only $650.
The takeaway is that until everyone who can pay ridiculous prices has housing, prices are going nowhere but up in SF. Decent middle-class apartments with a couple bedrooms in Mountain View are $3k+.
Prices are expensive because the SF bay area is awesome. It has a massive number of high paying jobs, ridiculous natural beauty, a gorgeous climate, tons of culture, diversity, and history.
Contrast to Stockton, a mere 90 miles away, where you can buy a 2,000 sq ft 4bd house for $276k [1]. But Stockton's got none of the appeal of the SF bay, and it certainly doesn't have the jobs that SV does.
People will fight hand over fist to get into SF, nobody's sprinting to live in Stockton.
(nothing personal against Stockton).
[0] http://1801l.com/ http://1801l.com/
[1] http://www.redfin.com/CA/Stockton/9467-Ravenna-Ln-95212/home/19720757 http://www.redfin.com/CA/Stockton/9467-Ravenna-Ln-95212/home...
- SamReidHughes 13y ago> It might be manufactured, but building high-density housing is not going to bring any prices down. Where's the part of your post that backs up this statement?
- Domenic_S 13y agoUm. The entire post. Takeaway: density doesn't cause affordability. Examples: Nob Hill and Telegraph Hill in SF, Wilshire Corridor in LA, and downtown SD. All examples of expensive areas where housing densities are high. Manhattan is quite dense and nobody asserts that it is affordable. Affordability is a separate issue from density.
- SamReidHughes 13y agoAll you've done is tell a story about how upscale apartments cost more per square foot than traditional apartments. > The takeaway is that until everyone who can pay ridiculous prices has housing, prices are going nowhere but up in SF. Decent middle-class apartments with a couple bedrooms in Mountain View are $3k+. So you're saying that adding more housing will make prices stop going up. So why do you simultaneously claim that building more housing won't bring prices down?