tag:blogger.com,1999:blog-6244999628674918029.post2135359954258577077..comments2024-03-29T04:54:50.435-05:00Comments on Bayou Renaissance Man: Money is the problem, not the solutionPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6244999628674918029.post-19538311291446847402019-10-04T13:51:19.613-05:002019-10-04T13:51:19.613-05:00A $700K house in the bay area is what would be a $...A $700K house in the bay area is what would be a $200K house in most of the country (possibly less)<br /><br />see: https://www.zillow.com/homedetails/1577-Chabot-Way-San-Jose-CA-95122/19726974_zpid/<br /><br />3 bedroom, 2 bath, 1283 sq ft on a 5662 sq ft lot for $735K<br /><br />what would a house like this cost in your area?Unknownhttps://www.blogger.com/profile/12084309137541367977noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-32354700287167344312019-10-04T09:00:20.805-05:002019-10-04T09:00:20.805-05:00$14 billon to build 20,000 thousand houes? That...$14 billon to build 20,000 thousand houes? That's $700,000 per house. Maybe Alexa can figure it out.Chuck Pergielhttps://www.blogger.com/profile/14473338620167201696noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-30426136711140791992019-10-02T07:47:50.710-05:002019-10-02T07:47:50.710-05:00Ray is right but I've added a critical piece i...Ray is right but I've added a critical piece in bold: "...the only thing that makes sense to build is higher end units" <b>or subsidized housing units</b>; there is often a ratio of subsidized units to non-subsidized units mandated for every project larger than a four or so apartments.<br /><br />Dave S and Will are right on the money as well.<br /><br />Don't forget corruption, either. Given some or all of the following<br /><br />• low income housing mandates<br />• bans on taking rental units off the market<br />• rent control <br />• "green" building requirements <br />• minority contracting and employment requirements on construction related projects<br />• "green" energy boondoggles<br /><br />why, you need <i>consultants</i> (often former public officials) to help you navigate the regulatory maze and get your projects approved, all of whom need to get paid for their services. A big chunk of Google's money is going to go into that sector of the economy.<br /><br />The homeless industrial complex isn't going to give away its piece of the pie without a fight, either.<br />Peter Bhttps://www.blogger.com/profile/15122781534685443942noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-24467072982688174152019-10-01T20:04:47.527-05:002019-10-01T20:04:47.527-05:009th circuit ruling allow camping in public, due to...9th circuit ruling allow camping in public, due to shortage of housing.<br /><br />Constitutionally dubious ruling.<br /><br />Rental unit selling prices historically track housing price changes in Ca.<br /><br />Ray - SoCalhttps://www.blogger.com/profile/11293232996007277071noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-73760694915691199652019-10-01T19:50:29.647-05:002019-10-01T19:50:29.647-05:00California is home to quite literally millions of ...California is home to quite literally millions of foreign nationals who have no legal right to be here.<br />AND a "housing shortage". Think there might be a connection? a correlation?<br />I'm watching this strip-mine development go on every day. You could drop a compass point on my house, draw a 2 mile radius, and find well over ten thousand new "dwellings" ie: high density tenements that weren't here five years ago. And it continues. Every failed strip mall or retail property gets re-zoned, and re-built with hundreds of new units. Every one of those units puts two cars into the local traffic stream, and stretches an already very thin supply of water, and now electricity. Traffic is locked up solid through town every afternoon and morning.<br />I'll add another factor that you hear very little about. The media always focuses on border jumpers from Mexico and Central America. In the mean time huge swaths of Orange County are now solidly Korean and Chinese. You see strip malls with no English signage. They don't need it. I see no evidence that any of our new "citizens" are here in America for any other reason than it's an easier life here than at home. They don't come here to be Americans. They come here to establish their own country on our soil.<br />It's the same with the homeless.<br />Our town is under invasion.<br />Other states send their bums to us. The buses out of Downtown LA drop off here. <br />This is the result (from our local Next Door site)<br />We discovered a new encampment behind Goodwill and Harbor Freight on Whittier Boulevard. The drug-addicted vagrant there is deranged and dangerous. He has been feeding off the carcasses of dead possums, littering the area with human waste and syringes. He’d also set up a portable, medical-type, commode, defecating in the alleyway. When approached, he became aggressive, threating me with a crowbar – But I kept my distance and called WPD. Upon hearing the call, he quickly fled the area, leaving behind over a dozen syringes and several, half-eaten marsupials, piled together by his blanket.<br /><br />And we’re in a “very nice” part of town…<br /><br />JWM<br /><br />JWMhttps://www.blogger.com/profile/05564732483476859555noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-61815052130873764742019-10-01T16:46:35.183-05:002019-10-01T16:46:35.183-05:00When and how did vagrancy laws and poorhouses ceas...When and how did vagrancy laws and poorhouses cease to be valid social policy? If they were rolled in unction and sprinkled with glitter I'd bet you could sell them to Californians. <br />. <br />stencilhttps://www.blogger.com/profile/10301529692425359238noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-69297384737104767882019-10-01T16:28:38.078-05:002019-10-01T16:28:38.078-05:00Milpitas, a small town on the north border of San ...Milpitas, a small town on the north border of San Jose, decided to chase out as much of the industrial businesses as they could, and convert the properties to high density housing. Mostly 5-6 story apts. <br /><br />I expect them to start condemning single home developments when they run out of commercial areas. Not sure why the home owners didn't object, but the fact that the town has a growing Asian immigrant population might be key, as they have mostly grown up with high density housing in Asia. <br /><br />I suspect that they will be unhappy with the resulting home values when the city starts taking them away. I expect the prices to drop as the non-Asians bail first. This used to be a cheap housing area, but now homes can bring $1m. <br /><br />When the big earthquake hits, this will become a very bad place to be, as the city will have no resorces to deal with the high numbers of apartment dwellers. Willhttps://www.blogger.com/profile/00722792638246578812noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-14696565793532248882019-10-01T12:20:07.154-05:002019-10-01T12:20:07.154-05:00Yeah...I've seen this before in another state ...Yeah...I've seen this before in another state - the "low income housing" that these wonderful, kind, caring, lying, cheating, thieving bastards want to get the public to fund end up costing anywhere from 150% to 200% of what a "normal" 1500 sq ft 3 bedroom 2 bath house would cost. All of which tells me that there's a LOT of money in this game - being ripped right out of the taxpayer's pockets. DaveShttps://www.blogger.com/profile/01688116113875695262noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-23863640029425339452019-10-01T11:54:35.275-05:002019-10-01T11:54:35.275-05:00California - following one bad idea after another ...California - following one bad idea after another chasing the perfect socialist state. <br /><br />Oy vey.<br /><br />Well, what's that they say about drunks? You can't start going back up until you hit rock bottom. Unfortunately Rock Bottom will come with a very huge monetary bill, which California can't afford right now or, well, ever.<br /><br />There was that brief moment, when Prop 13 was passed, where all the stupid could have been stopped, quickly, mostly painlessly and certainly inexpensively. But, nooooooooooo... The legislatorists were already installing work-arounds before the ink was dry on Prop 13. Doomed to fail. A valiant last ditch effort to save the state from itself.<br /><br />And, well, right now I say unto California and its residents, fine. You broke it, you bought it. <br /><br />Until someone with a lick of sense takes the helm of government out there, you will continue to walk in people poop of all varieties.<br /><br />As to rent control, well, it's done so darned much to help NYC, right? Where people sublet closets and individual rooms of apartments because the rents too damn high on non-rent controlled apartments, while at rent-controlled buildings, the management can't afford to maintain them. <br /><br />Noooo. Not like anyone could have used any of the hundreds of studies for and against rent-control that all except the most blatantly false show to be one of the biggest knuckle-headed suggestions ever.<br /><br />As to building apartments to handle the homeless, well, once again NYC is a perfect example of how not to do it. I'm referring to all the 'Projects' to provide low cost housing that just turned into open warfare places full of drugs and people sleeping on the floor to survive (hopefully) the night that are basically towers of garbage and open sewers...<br /><br />Huff, huff, huff, huff... (Beans, it's not your blog, quit ranting.) huff, huff...<br /><br />Well, you get the idea. Nothing that CA is thinking of implementing will solve the underlying problem. It will only make it worse.Beanshttps://www.blogger.com/profile/15293778848879361153noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-41202219371225735752019-10-01T10:39:26.635-05:002019-10-01T10:39:26.635-05:00I watched a Bollywood movie on netflix the other d...I watched a Bollywood movie on netflix the other day that had as its central conceit that 2 people were willing to enter into a sham marriage to take advantage of government subsidized housing. The 2 characters in question were practically falling all over themselves to jump at the opportunity to buy an "incredibly spacious" 550 square foot apartment together, and spent quite some time rhapsodizing about how they'd feel so spread out with so much space for just the 2 of them.<br /><br />As you noted -- It's all in expectations.Magsonhttps://www.blogger.com/profile/05870589034885773525noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-35663790321537243912019-10-01T10:17:41.714-05:002019-10-01T10:17:41.714-05:00Actually, it will cause a tent market bubble. :-)...Actually, it will cause a tent market bubble. :-) It's the *rental* market that's going cock-eyed.<br /><br />And $14 billion for 20K homes is 700k per; nice digs if you can get them . . .Bob Gibsonhttps://www.blogger.com/profile/01605741445499179146noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-43663172628738935992019-10-01T09:57:19.813-05:002019-10-01T09:57:19.813-05:00It’s going to get worse.
Rent Control is going to...It’s going to get worse.<br /><br />Rent Control is going to devastate the Ca tent market, just as it has done to nyc and sf.<br /><br />In Ca there is a huge amount of fees and building code requirements to build anything new. The economics translates as the only thing that makes sense to build is higher end units.<br /><br />And environmental lawfare can be used to either kill projects, or force the use of union labor.Ray - SoCalhttps://www.blogger.com/profile/11293232996007277071noreply@blogger.com