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Market Urbanism @stephenjacobsmith@mastodon.social
@MarketUrbanism
I suspect financing issues are actually zoning issues. This type of building is allowed so rarely in America that I can see why it wouldn’t make sense for banks to spend resources creating loan products for it
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@carywesterbeck
@carywesterbeck
Developing a building and living in one unit & renting the others, living above the shop, has been done since ancient times. It's fundamental. But in the U.S. this is an alien concept when getting a construction loan or mortgage. Should be easy, and it's not. This is ours:
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@carywesterbeck
@carywesterbeck
You're not wrong. The gov't effectively stamped these out with financing programs, urban "renewal," and bias toward building suburbia and car-centric sprawl focused on SF homes. Now small mixed-use is rare, but many people want it anyway.
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ak
@ak47eating
nah, banks are worse than zoning cash & self-financed investors were able to buy up the rust belt bc banks don't lend to houses they deem "liabilities" we saw housing costs go up as abandoned homes proliferated, cities lost tax bases bc they couldn't transfer homes legally
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