21–30 of 215 posts
Earlier quoted context omitted.
Bobby Floorplans should know that the magic bullet is a land value tax, not single stair.
Land value taxes assume real estate values always increase, which they don’t
But almost most apartments are multi-bedroom???
I searched my area on Zillow for Apartments/Condos for rent. [1]
Studio - 85
1 bed - 225
2 bed - 233
3 bed - 39
4 bed - 1
https://www.zillow.com/salt-lake-city-ut/rental-buildings/?s...
> In February, I, along with real estate developer Bobby Fijan, went on the Bloomberg podcast Odd Lots to talk about why it’s so hard to find a family-sized apartment in the United States. I argued that North American zoning and building codes work together to drive up the size of multi-bedroom apartments in particular, putting them financially out of reach for many parents raising children. In other words, even if d…
I would argue the other way, as a European, I've been to multiple places Asia and the Middle East and everything is either the same size or smaller than in Europe.
I haven't been to Africa or the Americas, but I'd say from my perspective, that things in the US are just extra large.
I'm not an expert on building codes but a large difference in North America is there is much more space in general when building new so I don't quite think the argument is valid. Americans simply want a lot more space. If a developer built smaller sized 3 or 4 bedroom apartments they would have trouble selling to the price point they want.
Things here are really, really bad. Zoning is the only lever we have to fix it.
For the childless WFH-er trying to concentrate, it's not much fun when kids noisily use the communal areas of apartment buildings as a playground. I know this from experience. Thankfully, noise-cancelling headphones are pretty good these days.
> In February, I, along with real estate developer Bobby Fijan, went on the Bloomberg podcast Odd Lots to talk about why it’s so hard to find a family-sized apartment in the United States. I argued that North American zoning and building codes work together to drive up the size of multi-bedroom apartments in particular, putting them financially out of reach for many parents raising children. In other words, even if d…
> In other words, even if developers built more two-, three-, and four-bedroom apartments I'm confused. The overwhelming majority of apartments in my state are two and three bedroom ones.
Generally not the case in a lot of HCOL areas. For example in NYC, most new developments are built out something like this: 4 bedrooms - less than 5%, 3 bedrooms - 10%, 2 bedrooms - 30%, 1 bedrooms - 40%, studios - 15%. As a result, the larger units are not just more expensive due to square footage, but the pricing scales non-linearly per square foot because 3+ bedroom units are a rarity. Typically you'll see a 3BR h…
> In other words, even if developers built more two-, three-, and four-bedroom apartments, you probably wouldn’t be able to afford one But almost most apartments are multi-bedroom??? I searched my area on Zillow for Apartments/Condos for rent. [1] Studio - 85 1 bed - 225 2 bed - 233 3 bed - 39 4 bed - 1 https://www.zillow.com/salt-lake-city-ut/rental-buildings/?s...
> In other words, even if developers built more two-, three-, and four-bedroom apartments I'm confused. The overwhelming majority of apartments in my state are two and three bedroom ones.
Generally not the case in a lot of HCOL areas. For example in NYC, most new developments are built out something like this: 4 bedrooms - less than 5%, 3 bedrooms - 10%, 2 bedrooms - 30%, 1 bedrooms - 40%, studios - 15%. As a result, the larger units are not just more expensive due to square footage, but the pricing scales non-linearly per square foot because 3+ bedroom units are a rarity. Typically you'll see a 3BR h…
basically everything I read about the USA housing market seems so weird, especially in SF/Silicon Valley. They makret themselves as being this "tech area" yet they have 100 year old houses with limits of 2 floors. or big suburbs without anything in them. Where is the uber, airbnb and doordash for housing?
Outside of SF and Silicon Valley.