Irrespective of any economic or legal incentives or factors here, this comes down fundamentally to a lack of social trust in north america. It doesn't happen the same way anywhere else in the world like it does in US&Canada. People don't care about other people. "I got mine, ** yours." It's a problem without an easy solution.
How can you build social trust when there is no commonality with your neighbor? Without some commonality of principles how can I trust that any social contract would be recognized or understood. How do people flourish in that environment?
Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
81–90 of 165 posts
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#82Earlier quoted context omitted.
I'm not sure this is exactly true though. There's plenty of (common) ways to build intentionally expensive housing, whether that's large minimum square footage or fancy shared amenities that up the cost of living there. There's certainly demand for those things, and it's probably more profitable to saturate the most expensive "high rent" portions of the market first, but it's worth having incentives to also build sma…
The economics of this have been well observed in the car industry. Car makers prioritize luxury cars with higher margins when there is a restriction on how many cars they manufacture (due to supply or legal constraints), but if there is abundance, the lower end of the market is well served because there’s just more overall volume there.
If you wait for builders to "get around to" building cheaper houses, they'll be off in their own area instead of intermingled in the communities that they likely work and go to school in.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#83Earlier quoted context omitted.
I think the idea is that the margins are better on luxury houses/apts/condos (less plumbing per sq ft, etc), so developers are incentivized to build at lower-density than is optimal for alleviating housing supply issues.
The concept of a "luxury apartment" is an oxymoron. It's a rhetorical tool used by NIMBYs. Those apartments that get labelled this way are barely sufficient to fit a family and cost less than the median house, yet the median house would never be labelled a "luxury house".
Luxury apartments can absolutely be luxurious.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#84So, the title here is a bit misleading. It sounds like the particular lawsuits in question are all being flatly thrown out - the delays are normal parts of the design review process or self-imposed. > He said Mayor Harrell and Councilmember Dan Strauss are awaiting those findings before introducing legislation that would reform the design review process, including exempting design review from affordable housing proje…
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#85I am just curious why we are allowing foreigners to buy homes in the US when we have a housing crisis. Here in New England, Chinese/Russians came in and started buying homes in the past two decades. Not only that, we end up educating their children for free in our public schools. Why? They don’t even let our companies operate in their country. Edit: they should not be able to invest in real estate in the US if US cit…
I would simply avoid having a housing crisis by allowing people to build more housing. Seems pretty win-win to me.
We need to be forcing reciprocity to make sure we're actually maximizing available housing.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#86Earlier quoted context omitted.
The concept of a "luxury apartment" is an oxymoron. It's a rhetorical tool used by NIMBYs. Those apartments that get labelled this way are barely sufficient to fit a family and cost less than the median house, yet the median house would never be labelled a "luxury house".
How does that not make sense? It's totally possible to have an apartment that's luxurious. Luxury doesn't mean "large" - look at luxury cars, or watches. Most other major luxury products are almost defined by how expensive they are and how they're not meant for families. Luxury is defined by it being more expensive and presumably nicer to be in than the average thing it's competing with. A luxury apartment isn't tryi…
It's an intentional decision (one often done with malice where the objective is rhetorical persuasion) to run this comparison only with other apartments and not with general housing stock which is the real comparison that should be made. NIMBYs, in a stroke of genius, have managed to brand apartments that can barely fit a family as "luxury", yet the median house which costs more is just the "modest family home" that is being oppressed by the ghastly shadows imposed by said luxury apartments filled with, presumably, the rich elite, because who other than the rich elite could afford to live in "luxurious" dwellings? It is rhetorical trickery top to bottom with the objective of worsening the housing crisis and therefore adding to the suffering in the world.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#87I'm reminded of a recent housing development that was planned in the city where I live. They wanted to build a few hundred near zero-lot-line single family homes and townhouses. It was on land that was previously zoned industrial, so it required a pretty lengthy approval process. The neighborhood next to it fought the proposed zoning changes. Too many houses near by, increasing traffic, too close to the creek, etc. P…
Low income housing is associated with more crime, but warehouses are not. The residents were probably satisfied with the result.
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#88Earlier quoted context omitted.
How does that not make sense? It's totally possible to have an apartment that's luxurious. Luxury doesn't mean "large" - look at luxury cars, or watches. Most other major luxury products are almost defined by how expensive they are and how they're not meant for families. Luxury is defined by it being more expensive and presumably nicer to be in than the average thing it's competing with. A luxury apartment isn't tryi…
> Luxury is defined by it being more expensive and presumably nicer to be in than the average thing it's competing with. It's an intentional decision (one often done with malice where the objective is rhetorical persuasion) to run this comparison only with other apartments and not with general housing stock which is the real comparison that should be made. NIMBYs, in a stroke of genius, have managed to brand apartmen…
It's trickery, but the banal trickery of marketing a product that you want to sell at a higher price. I doubt they were off sitting in some room laughing about how miserable they were making the world when they named my apartment building. I'm not a family, I don't have one, I don't want a house, I want a nice apartment. Is catering to what I'm looking for "causing suffering in the world"?
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#89Earlier quoted context omitted.
The Boston setup works great. The folks on the Boston Redevelopment Authority make a ton of money on the DL. Oh did you mean work well for the general public?
Do you have evidence to support that accusation, or are you just cynically slinging mud?
Though it was recently restructured, the BRA's long history of corruption is extremely well-documented and publicized. I'm not sure what would compel someone to leave a comment like this without taking two seconds to google it. Cynically slinging mud, maybe?
Re: Lawsuits Block Thousands of Seattle Homes, $39M for Affordable Housing
#90I'm reminded of a recent housing development that was planned in the city where I live. They wanted to build a few hundred near zero-lot-line single family homes and townhouses. It was on land that was previously zoned industrial, so it required a pretty lengthy approval process. The neighborhood next to it fought the proposed zoning changes. Too many houses near by, increasing traffic, too close to the creek, etc. P…
Low income housing is associated with more crime, but warehouses are not. The residents were probably satisfied with the result.
Also, the residents were probably interested in increased property values, just like all home owners are.