That's... uh... a pretty normal price from what I've gathered talking to many folks around the Bay Area. Process is like a year, at minimum.https://twitter.com/michaeldlane/status/1133182850692370432 …
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As in, yes, it costs more to build a backyard granny flat in the Bay Area than it does to buy the median priced home in America. Construction is expensive and the permitting process is unpredictable and time consuming in the Bay Area, folks!
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Replying to @kimmaicutler
$460/sq ft inclusive is still pretty absurd for what sounds like a simple single-storey wood-framed unit. ADUs are being talked up as one part of the solution, but just affirms exclusivity for private property owners.
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Replying to @kiangoh
single-family home build costs are inching closer to $600/sq ft these days... from what I hear...
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Replying to @kimmaicutler
Unreal. It's been a while since I've had to cost something out, but that would have been high-end institutional construction cost in Manhattan not that long ago.
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Replying to @kiangoh
Kim-Mai Cutler Retweeted Matt Carvalho, CFA
Kim-Mai Cutler added,
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Kim-Mai Cutler Retweeted AnMarie Rodgers
Also, this is a senior planner in SF's planning dept. She thinks $250K sounds too low.https://twitter.com/heyanmarie/status/1133387734641455105 …
Kim-Mai Cutler added,
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