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To meet demand, US needs 4.3M more apartments by 2035

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Re: To meet demand, US needs 4.3M more apartments by 2035

#41

Apartments are terrible for people. Why not talk about needs for homes? Why can't America make small 2 bedroom homes anymore as seen in 1950s suburbs. It's either a mansion or an apartment now for new housing.

Suburbia is TERRIBLE from long-term efficiency and sustainability point of view. They create car-centric living style which is very hard to get rid off after it settles in.

Here is a really good video about it: https://www.youtube.com/watch?v=7IsMeKl-Sv0

Re: To meet demand, US needs 4.3M more apartments by 2035

#42

Earlier quoted context omitted.

Let me put this in a way you might understand. Person A: My machine needs 4 GPU to train this model in Person B: There are 1000000 GPUs in Japan. Do you see how that's not helpful?

Are you suggesting that there are vacant homes in Japan that it wouldn't make sense to house US citizens in, or just saying random stuff?

The empty dilapidated homes are in rural Vermont and flooded Louisiana. If you want to force people to move there, fine. I'd rather they be granted an chance to live in high economic mobility areas like NYC, SF, and Seattle without having to have wealthy parents.

Re: To meet demand, US needs 4.3M more apartments by 2035

#43
post #6

We're in luck. There are 16 million abandoned homes in the US https://www.lendingtree.com/home/mortgage/vacancy-rates-stud... Easily takes care of the half a million people experiencing homelessness as well.

16 million homes where? silicon valley? or like 20 miles outside detroit where the only jobs are at fast food places. Is it worth spending unholy sums to renovate inefficient old homes? Your comment is almost embarrassingly bad.

Re: To meet demand, US needs 4.3M more apartments by 2035

#44
There is no such thing as "to meet demand." If there were suddenly 4.3M more apartments, prices would drop, and suddenly there would be more demand as more people believe they can afford to have an apartment. Students who previously would have lived with their parents would want their own apartment. People with roommates would suddenly want their own place.

Re: To meet demand, US needs 4.3M more apartments by 2035

#45
ITT

>but, but, apartments are bad.

Or

>nuke the suburbs

Both these takes are wrong. We need diversified development that meets peoples needs at all levels of society. From soviet style concrete apartment blocks to 3 acre single lot McMansions and everything in between.

F unbridled YIMBYISM, but especially F “BUT it will ruin neighbor character” NIMBYISM.

Fill in the gaps, be empathetic, and welcome new people to the neighborhood.

https://missingmiddlehousing.com/

Re: To meet demand, US needs 4.3M more apartments by 2035

#46

I feel like we need 4.3M new units just to catch up to where we should be. https://i.imgur.com/2lZgEDz.jpg

Household formation is tricky. With total fertility rate continuing to decline, it’s important to shift away from singe family starts to higher density (duplex, quads, mid rise mixed use, and condo towers, depending on what the local market calls for); as older cohorts age out and Boomers transition into senior or assisted living, that’ll free up housing stock. TLDR take the population pyramid into account, but still…

>With total fertility rate continuing to decline, it’s important to shift away from singe family starts to higher density (duplex, quads, mid rise mixed use, and condo towers, depending on what the local market calls for)

Maybe I have a dirty mind, but is the higher density supposed to help people meet others and promote reproduction or something? It seems kind of cynical that people are forced to pay more for less in modern times, especially with higher taxes. I wish I had a house vs. having a 1 bedroom priced at ~3k per month. My rent is basically the equivalent of a mortgage at this point. I don't really want to have to have a car though so I guess that limits my living options.

Re: To meet demand, US needs 4.3M more apartments by 2035

#47
post #6

We're in luck. There are 16 million abandoned homes in the US https://www.lendingtree.com/home/mortgage/vacancy-rates-stud... Easily takes care of the half a million people experiencing homelessness as well.

I think this is pretty much the most important point: we already have the houses, so we could save so much in CO2 emissions and materials if we don't build 4.3M more homes and instead just pay to put people in existing homes (via eminent domain or subsidized rents or whatever.)

edit to add: A couple of people have mentioned that the vacant homes are not in desirable locations. As an anecdote, I live in Park Merced in San Francisco and there are dozens and dozens of empty units here ready to move in. There are also dozens of families living in RVs around Lake Merced a few blocks away. I'm saying that the obvious thing to do is for SF to exercise eminent domain, pay the company that owns Park Merced for the property, then let the people in the RVs live in the homes. That might seem a bit expensive, but SF's annual budget for dealing with homelessness is one quarter of a billion dollars.

We could convert Park Merced into a place of healing and renewal where folks who need help can come and live in a home and have access to e.g. addiction treatment or whatever.

Re: To meet demand, US needs 4.3M more apartments by 2035

#48

Apartments are terrible for people. Why not talk about needs for homes? Why can't America make small 2 bedroom homes anymore as seen in 1950s suburbs. It's either a mansion or an apartment now for new housing.

I'd really like to know the reasoning for that as well. I was in the market for a year and was interested in something outside of a city. I could afford the larger 5 bedroom homes, but had absolutely no use for that amount of space. Nice 2 bedroom homes in the suburbs just aren't a thing for some reason. Smaller homes exist, but the quality drops dramatically. Perhaps there is an untapped market for high quality 1-2…

Town houses are currently the answer. I understand they aren't like single family houses but they are better than apartments...

Re: To meet demand, US needs 4.3M more apartments by 2035

#49
'While the immigration rate stands at a record low, a reversal of this trend could significantly raise apartment demand, according to a press release on the report.'

This seems off - do they mean legal documented immigrants, because there are reports of 3000 undocumented people a day illegally coming into Texas via Mexico, some of whom are being bussed to other parts of America?

The concerns with 'building more apartment buildings' are resources in area - water, energy, transportation - and past disasters with places like Geneva Towers in South San Francisco which deteriorated into a crime ridden hell that had to be demolished in the '90's.

https://www.foundsf.org/index.php?title=Remembrance_of_Genev...

I'm all for more housing but the US is a big place yet everyone seems to want to live in very small areas of it, egged on by the YIYBY crowd.

Re: To meet demand, US needs 4.3M more apartments by 2035

#50
post #8

Earlier quoted context omitted.

Vacant != abandoned. Right from the article you linked, 2nd parg: "But this doesn’t mean millions of abandoned and dilapidated homes are withering away in the suburbs. Vacant homes can be unoccupied for many reasons beyond being uninhabitable. For example, a house can be vacant because it’s still on the market to be sold or rented or it’s a vacation home not currently in use."

There are approx 5.7M vacation homes in the US. There are also approx 550,000 homeless people in the US. A system which allows such misallocation is fundamentally broken. If this is what effecient resource allocation looks like, then I want something else.

One can argue that those homes wouldn’t have existed in the first place without wealthy people to commission them for vacation homes. After all, homes aren’t just built for no reason, but because someone is willing to buy it
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