They did that too. Remember the townhouse apartment? Each unit has an up and a downstairs, sometimes with garages, 4 or so units to a building? They built a lot of those, tightly packed, but they’re not rentals. They’re condo/houses being sold for $550k, same as the SFH home development across the street.
I feel like each area picks their price and every livable, buyable space is the same price.
Notice how you cannot buy a backyard shed with a doors and windows for a reasonable price any more? It’s likely because houseless relatives were getting set up in those as renovated backyard ADUs.
Sure, but they were still proportionally cheaper the SFHs, as were condos, but the overall median price is through the roof. I also seem to remember some statistic that upwards of 20% of housing stock sits vacant for some ass backwards tax purpose, though I couldn’t quote that article right now. I dunno, perhaps we need more at the legislative level.
And per your shed comment, the price of those skyrocketed when building materials went bananas and demand during covid outpaced supply as everyone was stuck at home and had nothing better to do than house renovation projects. They never came back down because retail outlets and suppliers are greedy dicks. But I don’t think demand for them as a living accomodations was a catalyst, though I could be wrong.
They did that too. Remember the townhouse apartment? Each unit has an up and a downstairs, sometimes with garages, 4 or so units to a building? They built a lot of those, tightly packed, but they’re not rentals. They’re condo/houses being sold for $550k, same as the SFH home development across the street.
I feel like each area picks their price and every livable, buyable space is the same price.
Notice how you cannot buy a backyard shed with a doors and windows for a reasonable price any more? It’s likely because houseless relatives were getting set up in those as renovated backyard ADUs.
Sure, but they were still proportionally cheaper the SFHs, as were condos, but the overall median price is through the roof. I also seem to remember some statistic that upwards of 20% of housing stock sits vacant for some ass backwards tax purpose, though I couldn’t quote that article right now. I dunno, perhaps we need more at the legislative level.
And per your shed comment, the price of those skyrocketed when building materials went bananas and demand during covid outpaced supply as everyone was stuck at home and had nothing better to do than house renovation projects. They never came back down because retail outlets and suppliers are greedy dicks. But I don’t think demand for them as a living accomodations was a catalyst, though I could be wrong.