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In California, you can now sell your ADU

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Re: In California, you can now sell your ADU

#41

Post by UncleOxidant »

game_the0ry wrote: post #26
UncleOxidant wrote: post #13

Earlier quoted context omitted.

What's the problem with being able to sell your ADU? Wouldn't this possibly incentivize more ADU building thus supplying more housing units to the market?

> What's the problem with being able to sell your ADU? There is nothin "wrong" or "right" about free market economics bc there is no concept of morality in free market economics. It is what it is. But it is the clearest of signals of what is going - US standard of living has peaked and is going down. > Wouldn't this possibly incentivize more ADU building thus supplying more housing units to the market? Is that trend…

ok, so NIMBY then.

Re: In California, you can now sell your ADU

#42

Post by 0_____0 »

netbioserror wrote: post #12
username321 wrote: post #5

“While the bar for affordability is low—one 748-square-foot property included in the report sold for $610,000 in 2022—“ Sorry, the bar is LOW?

I had to do a double-take at that. That's the (inflated) going price for a 2,000+ sq. ft. home in the Southeast right now. With land.

One might surmise that the demand for housing in the part of the Southeast you're thinking of is much lower than in urban California.

Re: In California, you can now sell your ADU

#43

Post by epistasis »

brvsft wrote: post #21

ADUs seem like a bandaid solution for lack of housing supply in desirable areas. Not that I think they shouldn't be legal, but we're talking about paying hundreds of thousands of dollars for what amounts to a shed in someone else's backyard just because you want to live in Seattle, SF, etc. It's so bizarre, and if this solution is taken to its logical end, you literally have cities full of single-family homes with a…

They are absolutely a bandaid for the politics of homeowners and their rule of housing supply.

Homeowners can see themselves benefitting from ADUs, so they support them. Apartments, townhomes, etc. only weaken their market power, make homeowners think about traffic, etc.

The politics of housing is completely broken because the incentives are broken, and so is the political discourse, which is dominated by creationist-level magical thinking that vacancies, or foreign buyers, or AirBNB, or "financialization" or literally anything could be the cause of the problem rather than a shortage of housing stock.

Re: In California, you can now sell your ADU

#44

Post by 0_____0 »

TheBlight wrote: post #40
bugglebeetle wrote: post #22

I’ve resigned myself to the fact that California has signed a suicide pact with real estate speculators that can’t be revoked because of the political consequences of enacting policies that cause prices to go down or even stabilize. Like with the homeless crisis (which is the direct result of the housing crisis), the state will waste billions doing anything and everything to look like they’re working on the problem,…

>which is the direct result of the housing crisis The homeless crisis is better described as a mental health and substance abuse and addiction crisis.

Homelessness tracks with cost of housing much more strongly than with mental health and substance abuse issues (see Colburn & Aldern's research here)

Re: In California, you can now sell your ADU

#45

Post by UncleOxidant »

ryeights wrote: post #34
UncleOxidant wrote: post #19

Earlier quoted context omitted.

I would think so. Not sure why there's so much negativity about it here.

The idea is degrading. A generation of people for which the only feasible path to home ownership is living in a mobile/kit home in someone else’s backyard.

First off, a lot of people jumped on the tiny home bandwagon in recent years, some seem to like them. Second, an ADU in a decent neighborhood would probably be a lot quieter than the various condo/townhouse/apartment options. Thirdly, it's not like they have to live in the ADU forever - if they could buy/sell it they'd actually have some equity built up for moving up to something bigger.

Re: In California, you can now sell your ADU

#46

Post by epistasis »

miguelazo wrote: post #39
umeshunni wrote: post #7

California politicians will do everything possible to relieve the housing crisis, except build new housing.

Plenty of new housing has been built-- luxury (mostly vacant) condos in downtowns and McMansions in the burbs. The real issue is affordability. Housing has been turned into a speculative commodity.

This is bullshit and lies. Almost nothing has been built compared to the past. There are not mostly vacant luxury condos in downtowns.

As is this absolute canard "the real issue is affordability." Well obviously. But where does the unaffrodability come from? What gives landlords and home sellers the power to price far above average incomes?

It's a shortage of housing. If there was enough housing they simply could not price at unaffordable prices, because there would be no buyers.

The simple inability to see this is like some Jedi mind trick that landlords and real estate interests have played on the populace. We need to fully reject any ideology that has been saying that there's enough housing, because it's a bad and harmful ideology.

Re: In California, you can now sell your ADU

#47

Post by game_the0ry »

UncleOxidant wrote: post #41
game_the0ry wrote: post #26

Earlier quoted context omitted.

> What's the problem with being able to sell your ADU? There is nothin "wrong" or "right" about free market economics bc there is no concept of morality in free market economics. It is what it is. But it is the clearest of signals of what is going - US standard of living has peaked and is going down. > Wouldn't this possibly incentivize more ADU building thus supplying more housing units to the market? Is that trend…

ok, so NIMBY then.

Is it my backyard if I do not even live in the state?

Re: In California, you can now sell your ADU

#48

Post by cheriot »

brvsft wrote: post #21

ADUs seem like a bandaid solution for lack of housing supply in desirable areas. Not that I think they shouldn't be legal, but we're talking about paying hundreds of thousands of dollars for what amounts to a shed in someone else's backyard just because you want to live in Seattle, SF, etc. It's so bizarre, and if this solution is taken to its logical end, you literally have cities full of single-family homes with a…

It's an odd political outcome, but serves as a model for other housing shapes.

The state defined specific things a city has to approve and a timeline they have to approve it in. Poof, we have ~100,000 new homes and a cottage industry building them that didn't exist beforehand. It's hard to blame the housing shortage on anything other than NIMBY municipalities.

Re: In California, you can now sell your ADU

#49

Post by ryeights »

ryeights wrote: post #34
UncleOxidant wrote: post #19

Earlier quoted context omitted.

I would think so. Not sure why there's so much negativity about it here.

The idea is degrading. A generation of people for which the only feasible path to home ownership is living in a mobile/kit home in someone else’s backyard.

To elaborate: this would be a fine policy IFF it were accompanied by other legislation that meaningfully improved the affordability of non-ADU homes as well.

Re: In California, you can now sell your ADU

#50

Post by miguelazo »

epistasis wrote: post #46
miguelazo wrote: post #39

Earlier quoted context omitted.

Plenty of new housing has been built-- luxury (mostly vacant) condos in downtowns and McMansions in the burbs. The real issue is affordability. Housing has been turned into a speculative commodity.

This is bullshit and lies. Almost nothing has been built compared to the past. There are not mostly vacant luxury condos in downtowns. As is this absolute canard "the real issue is affordability." Well obviously. But where does the unaffrodability come from ? What gives landlords and home sellers the power to price far above average incomes? It's a shortage of housing. If there was enough housing they simply could no…

>But where does the unaffrodability come from?

Hmm, maybe the type of housing being built.

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