atreyal t1_j9u7lkp wrote
Reply to comment by amitym in 95% of Bay Area Cities Lost Zoning Authority: In 105 jurisdictions of the Bay Area, anyone can build any residential projected at any height or density so long as 20% of the units are for low income. by dolphins3
Yeah the prices are so high because there is not enough supply. People bitch about the price of housing there. The people who all own don't want more houses though because it will tank the price of their own. Vicious cycle. Still change moves in small steps and hopefully this is the beginning. Dead right on there needing to be a lot of new houses built to have any real affect on price.
mtcwby t1_j9v82j0 wrote
Do you actually know how much it is to build a house? I think you're in for a bit of a shock and realize it's not all zoning.
atreyal t1_j9vq0im wrote
Considering I own one yeah. I also don't live in Cali anymore. You know you point isn't mute or anything but you could phrase it better to come off a little less condescending. Don't phrase your points in a question you are then gonna answer with no input back.
mtcwby t1_j9vtrst wrote
One of the big issues with our costs related to California housing versus other places is our code is rightly tougher seismic code and a lot of other code that isn't as necessary but adds on a lot of cost. The other part is the cost of permits, hookups and other fees. About 200k per house in my part of the Bay Area. That gets marked up. Single family house cost is over 800K now. They're not going to get cheaper.
atreyal t1_j9wrce7 wrote
That is insane cost wise, I dont see how a lot of people afford anything.
mtcwby t1_j9wsdlg wrote
It's worse than that with the current interest rates for mortgages and construction loans. The developers can't charge less than cost and their cost has gone up yet a huge portion of the population can't afford it either. So not much gets built because developer is also analyzing who is going to buy from them. Short of rates going down which I don't think will happen, only the state can step in and possibly take over some of the government associated cost. I don't think they will do it however.
atreyal t1_j9x61aq wrote
Yeah I think we are at a tipping point. Something has to give.
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