Why developers seem to only build luxury housing (2018)
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Re: Why developers seem to only build luxury housing (2018)
#2> We need a more sophisticated understanding of these problems, so we can have more sophisticated conversations about what to do about them.
This should be pasted liberally across the internet
Re: Why developers seem to only build luxury housing (2018)
#3There's a great reddit thread exploring much the same issues at https://www.reddit.com/r/LosAngeles/comments/6lvwh4/im_an_ar...
Turns out, requiring little houses for cars be added on to every house for people gets expensive.
Re: Why developers seem to only build luxury housing (2018)
#4No post body was provided.
Re: Why developers seem to only build luxury housing (2018)
#5It strikes me that new anything is usually better than older, used things. So almost by definition, anyone building a new version of X is going to build something nicer than the old, used versions of X and this will be perceived as a luxury.
Sure there are edge cases like nice antiques and the building where they filmed Downton Abbey but for the most part older stuff is just less nice.
Re: Why developers seem to only build luxury housing (2018)
#6It strikes me that new anything is usually better than older, used things. So almost by definition, anyone building a new version of X is going to build something nicer than the old, used versions of X and this will be perceived as a luxury. Sure there are edge cases like nice antiques and the building where they filmed Downton Abbey but for the most part older stuff is just less nice.
I can't fathom the logic behind the idea that we'll get people to build brand new housing to a high spec and sell it for less than existing, very expensive housing. Every time anyone builds stuff near me there's cries of "BUT IT'S NOT AFFORDABLE!!!" and I just think... duh? New cars are expensive too, which is why you buy a used one....
Re: Why developers seem to only build luxury housing (2018)
#7It strikes me that new anything is usually better than older, used things. So almost by definition, anyone building a new version of X is going to build something nicer than the old, used versions of X and this will be perceived as a luxury. Sure there are edge cases like nice antiques and the building where they filmed Downton Abbey but for the most part older stuff is just less nice.
I can't fathom the logic behind the idea that we'll get people to build brand new housing to a high spec and sell it for less than existing, very expensive housing. Every time anyone builds stuff near me there's cries of "BUT IT'S NOT AFFORDABLE!!!" and I just think... duh? New cars are expensive too, which is why you buy a used one....
Toyota makes a new camry as well as a new lexus.
Re: Why developers seem to only build luxury housing (2018)
#8Earlier quoted context omitted.
I can't fathom the logic behind the idea that we'll get people to build brand new housing to a high spec and sell it for less than existing, very expensive housing. Every time anyone builds stuff near me there's cries of "BUT IT'S NOT AFFORDABLE!!!" and I just think... duh? New cars are expensive too, which is why you buy a used one....
Toyota makes a new camry as well as a new lexus.
The point he's trying to make is that a new house often costs less than a used house, which is the opposite in the car market.
Re: Why developers seem to only build luxury housing (2018)
#9Earlier quoted context omitted.
I can't fathom the logic behind the idea that we'll get people to build brand new housing to a high spec and sell it for less than existing, very expensive housing. Every time anyone builds stuff near me there's cries of "BUT IT'S NOT AFFORDABLE!!!" and I just think... duh? New cars are expensive too, which is why you buy a used one....
Toyota makes a new camry as well as a new lexus.
Sure but the new economy sedan is more expensive than the used economy sedan.
According to this interpretation therefore, if you build a new house, and it is broadly similar to houses in the neighborhood in which you build it… it’s going to be expensive relative to its neighbors. It will perhaps be perceived as “luxury” despite just being new.
Re: Why developers seem to only build luxury housing (2018)
#10It strikes me that new anything is usually better than older, used things. So almost by definition, anyone building a new version of X is going to build something nicer than the old, used versions of X and this will be perceived as a luxury. Sure there are edge cases like nice antiques and the building where they filmed Downton Abbey but for the most part older stuff is just less nice.
In the UK new-builds are seen as the worst option. Most people want a house from the 20s or 30s if they can. Every decade beyond that the quality of housing got worse and worse and worse. These days buying a new house is a desperate option for people who can’t afford anything else.