You were told build housing for the wealthy and it will open up housing for the poor? Is that what you heard?
You were told build housing for the wealthy and it will open up housing for the poor? Is that what you heard?
I’m asking because I read that the abundance people are arguing that and it is one of the most ridiculous concepts I’ve ever heard.
The issue is California legit does not build anything. California is so bad that the on ironically have to build quadruple the amount of units just to keep up with literally just tech Brose California. Is that well successful it’s why it’s becoming Richard and Richard because all the poor people are
Maybe something has changed, but for quite sometime, LA had a glut of luxury condos(maybe during the pandemic?) and then a huge homeless population. It didn’t create housing for poor people. Surely, there are a multitude of zoning issues in CA, but just building for wealthy people did not work.
something that may have misled you is that "vacancy" does not mean long-term vacant units. Usually - for rentals, 75% and for-sale, 58% of units are vacant for *less than 6 months*. That's simply the time it takes for units to change hands and be remodeled. They're not off-market or "empty", really
publish.obsidian.md/jortscity/po... This page has the relevant tables for vacancy duration, nationally, by rent and for-sale, and also links you to the Census page with additional tables if you want to peruse by states or specific metro areas- it has those.
I know what vacancy means. JFC, I’m a property manager.
Then you shouldn't have made such a dumbass comment. Leech.
I didn’t make a dumbass comment.
 You are literally the sith Lord we’ve been looking for you literally are the problem and you’re yelling at people wanting to build more houses. You just wanna make more money.
 I know how you property managers work you make percentages off the rent. That’s how they all work so high rent mean you make money I knew it.
I don’t rent property at all. Lol. It’s a condominium.
Nor am I yelling at people wanting to build more housing. Just the opposite. Did you read anything I wrote? Jesus. I said in my state, the Governor forced every community on the T line to allow multi family housing development on the T line. That’s 177 communities.
I said the governor forced every community in the state to allow backyard dwellings that can be rented out, and can’t be torn down right before resale. What I said was just allowing all kinds of luxury building won’t allow for poor people to get housing. That’s a false promise. That’s what I said.
My governor’s plans are going to mean affordable housing. More luxury housing ain’t gonna do that. That’s what I said.
What are you talking about? I manage a building for a homeowner’s association. I neither sell nor rent. Try again.
LA does not have a glut of “luxury condos”, nor was that true during COVID. The city downzoned in 1986 (Prop U) and affordability has gone downhill since
Go back and search “glut” “luxury condos” around 2019/2020. They most certainly did. At least on the rental side. It was quite a story.
You can’t gaslight me shit boxes in Compton are going for 3/4 of $1 million Long Beach is that high
We don’t even build enough for the wealthy, much less everybody else. That’s the entire problem!
Now don’t get me wrong, exurban gated communities are probably the slums of the distant future, but that’s not a good thing.
It has been a thing for a while and I have been in the discourse for YIMBY for ummm since 2019. My definition of rich people doesn’t help my perception.
Rich starts at 60k for me. 30k is middle class. And it doesn’t matter if true. Its about relativity to myself and how I see money.
I make 13k combined with my partner. Not including snap and healthcare through medicaid which I can’t use for rent unless I went through a medical housing program. Its been really messed up watching people claimed 100k isnt rich. So I feel polarized to label rich as affording an apartment alone.
And poor is not affording an apartment with two people making the same income.
Here’s an older article on it since some of the abundance people obviously take issue: slate.com/business/202...
Anyway, you are right to be skeptical. Have you ever heard of the kind of housing where they set aside a certain percentage of rentals need to be affordable income? After about 10 years, that phases out in many cases. And I’ve seen landlords evict for minor things to get market rate tenants.
Its so bad on the west coast… we will accept any deal I think…
Well, that’s why I really like my states accessory housing law. These backyard houses by law can only be so big, about 900 square feet. Less costly, more efficient.