sam_schneider

4 ms·

1.
by sam_schneider 5y ago
Yes.
2.
by sam_schneider 5y ago
Seems like a by your own logic comment here.
3.
by sam_schneider 5y ago
You're right—we are limited in what is and isn't an HOA—the public data isn't great. We're working on it! For space—you'd be surprised what we can fit, but there are certain lots where it will be impossible without
4.
by sam_schneider 5y ago
This law actually exists in Oregon and parts of Minneapolis. ADU laws were only in Oregon and Washington until recently, California's State-wide ADU push was part of a nationwide reform towards ADUs. The same is happening for SFRs. Our
5.
by sam_schneider 5y ago
We aren't solving the affordable housing crisis in one fell swoop. We are bending/slowing the insane growth in SFR prices and slowing/ending homeowner displacement. As we scale we'll make a meaningful impact, but the sol
6.
by sam_schneider 5y ago
For home value: It's about 5-12% decrease depending on the setup--in extreme cases as bad as 15%. We haven't had a pre-assessment come in lower than 15% (the homeowner still going to make a lot——it's a large property). Most
7.
by sam_schneider 5y ago
I mean, in theory me, who has spent their whole life working on solving problems in the physical world at scale—-for the last 4 years working on housing—- could run a scam that was horrible for homeowners and then get sued for price gouging
8.
by sam_schneider 5y ago
Great Q! As of now, the homeowner has to refinance on the smaller lot. We have a partner that will do it at the time of application, and underwrite it in consideration of the future income.It hasn't been a problem to date, though it ma
9.
by sam_schneider 5y ago
No, I'm so sorry! We'd love to one day, but we avoid consulting—we find that without an eye on the whole process, projects can still go very awry and the consultant is left with the blame. It's why we started homestead—these
10.
by sam_schneider 5y ago
To date, every infill residential project is custom. Even if its a pre-designed plan on the internet, its a different city, different material supplier, different local architect, different contractor--every time. We just put the whole proc
11.
by sam_schneider 5y ago
Amazingly, the state minimum is 2,400 sq ft. If you can split into two 1,200 sq ft units, you are allowed to build 800 sq ft single unit or two 800 sq ft units as-of-right! Tiny homes for everyone!
12.
by sam_schneider 5y ago
I am doing it as soon as I purchase a house! I couldn't afford one until SB9—I could make the down payment, but because of my low income (obviously its relative) it would be hard to make loan payments. With SB9, I can develop with Home
13.
by sam_schneider 5y ago
Well, voters capped their ability to make money on property tax, so is that the state's fault? (Also it has a budget surplus?)
14.
by sam_schneider 5y ago
I think this is sort of a memory bandwith/memory capacity metaphor mix.
15.
by sam_schneider 5y ago
Hi! Great questions and let me see if I can answer them: HFZ: Yes, sadly—though i think there is good logic to prohibit more density in fire prone area, and HOAs are already dense, so in your case it doesn't make sense. HOA: yes, for n
16.
by sam_schneider 5y ago
Uh... do you want this ( https://www.neom.com/en-us/regions/whatistheline ) ? There is a prince in Saudi Arabia who'll do it for you! Interestingly, California is one of the lower direct carbon footprint per ca
17.
by sam_schneider 5y ago
We pass through building costs, there is perfect alignment in our incentives, which is to maximize sales price.
18.
by sam_schneider 5y ago
There is a non-zero chance—-very unlikely: it would require a 50%-60% decrease in housing prices—-that they could lose the backyard without making income. The weighted probability might lower the Expected Value 1k. That said, foreclosure wo
19.
by sam_schneider 5y ago
We disagree! Most people do not have access to the equity underneath their feet—they do not have the income to utilize it as cash, and so it amounts to golden handcuffs. We enable middle and lower income homeowners to access it without movi
20.
by sam_schneider 5y ago
Great Q! For a sb9 lot split, the homeowner legally must intend to stay in place on one of the lots for 3 years—we haven't seen a measurable price hike for SB9 eligible lots. We've built a lot of ADUs and they rent about 40% above