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Not everyone in a city has a car or needs a car?Quote:
Originally Posted by rideit
I don’t know the circumstances of those owners/renters, but I feel like if that was their concern that would make for a better argument than ‘the garage is the center of this communities existence’.
It's an emotional argument.Quote:
Originally Posted by J. Barron DeJong
But there is not enough garage space for all existing units. Build the garage into ADUs and you lose all those spaces, pushing those people onto the street parking competition, where they will also compete with the new tenants.
What I would recommend (without having studied the issue at all) would be to have the city charge for on-street parking, and allow builders to build with the number of parking spaces they see fit.Quote:
Originally Posted by summit
My favorite part
It was built by an architect!
Was he famous?
No, but his Dad was!
He kinda sucked, basically the Marty Howe of architecture, but we painted it peach!
I guarantee that having a parking space was a selling point originally when people purchased or rented these units. That would have to be factored in.Quote:
Originally Posted by J. Barron DeJong
If MEH is proposing the garage conversion they would have to be owner-affiliated and the residents renters; i.e., a case of renters vs landlord. I bet both are assholes. An under-structure garage seems like a good place for one if it's going to exist.
They didn't even name him.Quote:
Originally Posted by LHutz Esq
Yep, free street parking doesn't make any sense. That space could allow wider sidewalks or bike lanes or more traffic lanes. Instead we pay to pave it/maintain it and give it away for free. Let the market decide what parking is worth.Quote:
Originally Posted by J. Barron DeJong
For sure. If they’re owners, they should make that case. If they’re renters then the company can hold of building until everyone’s lease is expired.Quote:
Originally Posted by rideit
My opinion of the current real estate mkt.
https://www.instagram.com/reel/Cpxsl...d=YmMyMTA2M2Y=
There are upsides and downsides to having the ability to fix rates for 15/30 years.
Countries where you can only get ARMs probably aren't experiencing the same issue, but they, I suspect, will end up with a rash of forced moveouts and financial hardships looking like US 2009 when people see they monthly payments nearly double.
So, maybe avoid having a decade of near zero rates... but it's done. What now will solve a high-price low-inventory environment where current owners don't have enough profit motive to sell because they gotta live somewhere once they sell their 3% 30yr financed place?
Is the solution time... wait 15 years while the boomers die and their property sells? No no too long...
Could the solution be to ban mass commercial purchasing of SFHs? No Blackrock needs to make a profit!
Apparently the solution is to build ADUs in people's backyards and tear down SFHs to build 6 plexes? Yes. That is it. DO IT
Maybe if SF public transit wasn't horrifically bad. Seriously, BART was great but muni and buses were terribly unreliable and the streetcars were always jampacked with tourists, also LOL if you want to get out to sunset or anywhere that wasn't directly adjacent to downtown. Walking was often faster from lower haight to deep soma (1st/Fremont) if you weren't taking BART. They should spend money fixing that and eliminate as many garages and lots as possible.
The listing of this project on YIMBY made me chuckle. How does removing the garage reduce car dependence?
https://sfyimby.com/2023/03/hearing-...francisco.html
based on the renders, I wouldn’t want to live there when they did the work
That is EXACTLY how i feel haha. Time to go throw some velcro midgets to celebrate....Quote:
Originally Posted by Cono Este
House accross from me sold in a weekend (not listed on redfin). the house next door went on the market the same day and still hasnt sold (listed on redfin). Market still seems hot despite high-er interest rates and widespread layoffs in our local tech-heavy job market.
2.375 baby! Buying those points was one of the better decisions I’ve made.Quote:
Originally Posted by californiagrown
My guess is that they don’t mean car dependence for the people living there, but car dependence for the people that could move into the new units.Quote:
Originally Posted by dunfree
Allowing more dense building reduces the need for cars in the city, taken as a whole.
removing the garage doesn’t change (from YIMBY!)Quote:
Originally Posted by J. Barron DeJong
which to me translates to “car dependent, but you don’t have a car”Quote:
The area is admittedly inhospitable for cyclists and pedestrians, though not impossible.
it’s only 8 units of infill
Every proposed increase in building is ‘only’ something, so each individual rejection doesn’t have much cost, but it all ads up.Quote:
Originally Posted by dunfree
That area might not be good for walking/cycling now, but maybe it could if density was allowed to increase throughout the area? But each rejection eliminates that future possibility.
This thought process is the basis for nearly all development code in play today.Quote:
Originally Posted by J. Barron DeJong
Yeah, they're going from 21 to 29 units - a 40% increase. If all our multifamily housing increased capacity by 40%, it would solve the housing shortage.Quote:
Originally Posted by J. Barron DeJong
Appraisal theory indicates that in times when the market can't provide viable/competitive financing, sellers will (I say may) do so. That is, a seller may offer a more attractive rate than the bank, but that comes with a higher price tag. Similarly, if anyone that has a 2.75% mortgage from 18-24 months ago that is assignable/transferrable (unlikely), that has value to a prospective buyer and the seller should account for that.Quote:
Originally Posted by summit
Listed my place on Friday at noon. Had a showing within hours, and an offer the next morning, full price, no inspection. Six more viewings Saturday, one more cash offer incoming, maybe more. Unreal.
Are these offers from actual families that need a home? Or from investors?
Offer is from a family who want this neighborhood for the school, cash offer are penciling out a remodel and want to live here. Crazy.
That is crazy. Are you in the Bend area? A buddy of mine who'd lived in Bend for 15 years just moved to Hood River, said that Bend was getting too crowded for him (his exact words were "Reno North"). Nice if you're selling a house though.
I'm sure the locals from Hood River are looking forward to being a refugee sanctuary.
No kidding. I see that lots in Mosier are going for $350k now, it's bonkers. I looked at buying this house with my sister in 2016, I wish we had: https://www.redfin.com/OR/Hood-River...home/105537021Quote:
Originally Posted by Conundrum
Yep. Sold my place in Feb. Listed on a Friday, 12 showings over the weekend, 9 offers by Wednesday, several were cash. Closed 40k over asking. All offers were from families or individuals who wanna live here.Quote:
Originally Posted by Flyoverland Captive
Problem is now I have to buy a place.
I met an auz / canadian couple that just sold out of Bend and moved Narth, it sounded like they did so good ( tripled ?) on the RE they they didn't seem too concerned about buying into the local RE market said they might have even paid a bit high but whateverQuote:
Originally Posted by dan_pdx
he asked me last summer if E-bikes were OK up here ... ya man
Seems like the west coast market had a downturn March to December 2022, but has since started to very quickly move higher again. Anyone purchasing with a mortgage at todays prices and rates is getting bent over compared to people who bought anytime before 2022. If I were to purchase the house I bought in 2020 today, my mortgage payment would be almost 3x.
Shit is fucked.
Yes, everyone deserves to pay 1/3 the current going rate to move to a resort town and live out their western dreams of WFH while skiing the pow. Just be happy you're smarter or at least quicker than the average bear.
This is reminding me to get pre-approved as I think this is the year we buy a new england mountain outpost as we now have year round justification and the drive sucks.
Boom. Craft beer glasses full of tears. For better or worse. Plenty of those with their feet in the door and some cheddar are Mountains Please as fast as then can. If WFH sticks and the cities continue to be a dumpster fire, it ain't gonna change.
Sent from my Turbo 850 Flatbrimed Highhorse
^ exact.
My dad had the opposite experience selling his twin home in Maricopa, AZ. Market is dead there. Maybe the variable mortgage rate situation in Canada has stifled the snowbird market in AZ, at least in Maricopa, which is a weird place between Phoenix and Tucson. Anyway he started at 350k on the rec of his realtor, reduced it to 325, then 300. Very little interest. Finally got an offer of 225, his realtor was embarrassed to even tell him but he said sell the friggin place. He paid 175 five or six years ago.
Maybe people are realizing that trucking in water is going to be expensive.
Bingo.Quote:
Originally Posted by Conundrum
House across from me sold in 3 days. Listed at $835k, sold for $1mil even. It's a not very nice 2000sf 3bd/2ba
apt complexes and buildings are down 20% from their covid highs
whens the single family market going to catch up
What part of CA are you in?Quote:
Originally Posted by californiagrown
I can tell you now that there are a plethora of companies across the US now who said “fuck it” and threw their doors open to WFH. Hell, our company already had one foot in the door pre-pandemic, so it was an easy jump for us and we’ve not looked back since (at least for the good-paying positions that generate value for the company.Quote:
Originally Posted by Foggy_Goggles
For a lot of us, this is becoming a permanent change. Many others who fall short will still try and make remote work/ mountain town living work for them.
The paradigm has shifted.