It depends on a number of factors. Does the city already own the land? If so, you can shave maybe even $200K right off right there. If not, non-profit built housing tends to be $100-200K more expensive because A) it takes longer to assemble the capital financing from myriad
-
-
This Tweet is unavailable.
-
- 6 more replies
-
-
-
Have you seen any of the PHIMBY identified folks address the math of the situation in an honest way? I feel like we keep saying “it’ll take somewhere around $25-75B to meet public housing demand”, but I never hear a rebuttal.
-
- 10 more replies
New conversation -
-
-
It's amazing to think that as recently as the 70s, San Francisco was building enough public housing to satisfy all demand.
-
Is this an ironic statement? There was a massive federal effort to move the middle and upper-middle-class away from cities, thereby depressing real estate values and the wealth of those left behind in cities.
- 3 more replies
New conversation -
-
-
I’m not aware of any situation where government owned housing works better, if ever. I like the idea of requiring large private developments to have a portion of housing designated as “affordable.” It addresses both the private market and affordability challenge at the same time.
-
Government housing is 80% of Singapore's housing stock and 50% of Hong Kong's housing stock. Social housing is 42% of Vienna's housing stock. It can work in other locations and.... Sing/HK are both city-states.
- 4 more replies
New conversation -
-
-
We need a really good explainer video on how cheap housing is created - old, fully depreciated housing stock not getting bid up because high end demand is drawn to new, expensive-to-build, paid-for-with-2018-construction-wages, and landlords lose pricing power on those old units.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This Tweet is unavailable.
-
Conor, do we know what Ed Lee's position was on this issue, after getting the letter?
End of conversation
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.