Real Estate Crash thread

[californiagrown]

Sounds like you’re describing the workforce in general.

Eh, there are a good amount of folks in the middle i think. The two extremes above tend to exist much more commonly in the public/nonprofit sector than in the private/for-profit sector IME.

[californiagrown]

I owe an engineer 10k. Debating on paying them all they did was a pretty picture

Step 1 on any project once its through permitting: Go to the PreCon meeting and get buddybuddy with the site superintendent and their righthand helper. As an engineer it ALWAYS is hugely helpful to get the guys in the field on your side.

[Foggy_Goggles]

Blame aside, there is enough to go around, bureaucratic inefficiencies and developer incompetence are baked in the cake. It part of the high cost of housing.

Locally, the municipal affordable housing projects have build costs about 30% above equivalent private projects.

Heads will explode when market rate apartments will rent for less than the affordable income restricted option.

Demand wise, shitboxes in my hood are selling for a million and any up valley condo for 600k or less is getting bought for cash.

Sent from my Turbo 850 Flatbrimed Highhorse

[californiagrown]

Locally, the municipal affordable housing projects have build costs about 30% above equivalent private projects.

Interesting. Why do you think that is?

My affordable projects are large 5/2 zero lot line stuff, so quite different than SFR, but these companies rely on tax credits and IME cost is very much considered throughout design (we VE to the cheaper design all over the place). I dont see why costs would be higher?

[fastfred]

Eh, there are a good amount of folks in the middle i think. The two extremes above tend to exist much more commonly in the public/nonprofit sector than in the private/for-profit sector IME.

This and the public sector always pays less than private sector jobs

Productivity is at an all time low in my opinion

[fastfred]

Step 1 on any project once its through permitting: Go to the PreCon meeting and get buddybuddy with the site superintendent and their righthand helper. As an engineer it ALWAYS is hugely helpful to get the guys in the field on your side.

I'm the build design in design build we specialize

And fuck permitting the hoops constantly change and no one is ever clear on what they want

Just told someone their remodel polroject will coat 7k extra in stamps and approvals for some pretty basic shit they are fuming

[schuss]

Interesting. Why do you think that is?

My affordable projects are large 5/2 zero lot line stuff, so quite different than SFR, but these companies rely on tax credits and IME cost is very much considered throughout design (we VE to the cheaper design all over the place). I dont see why costs would be higher?

Because at least from what I've seen, affordable units generally have more standards than just a market unit (as you have to meet certain regs to get the grants/code etc.) and because fucking NIMBYs will be up your ass at every public review meeting and most city leadership is too cowardly to push back on their ridiculous demands.

[anotherVTskibum]

Because at least from what I've seen, affordable units generally have more standards than just a market unit (as you have to meet certain regs to get the grants/code etc.) and because fucking NIMBYs will be up your ass at every public review meeting and most city leadership is too cowardly to push back on their ridiculous demands.

NIMBY folks who can read codes can also lead to more attention to details that might otherwise go overlooked.

[Foggy_Goggles]

Kinda. Think more like the municipality is just a shitty customer that doesn't understand cost control.

Sent from my Turbo 850 Flatbrimed Highhorse

[Conundrum]

Kinda. Think more like the municipality is just a shitty customer that doesn't understand cost control.

Sent from my Turbo 850 Flatbrimed Highhorse

Weird when it's not directly their money...

[Foggy_Goggles]

Yeah, but these are pet projects. Ever seen a BOD try and pick granite, paint, appliances, approve exterior design? The GC and design professionals know this and charge accordingly.

If you've ever built a spec vs. built a custom you'd get it. Good decision makers are hard to come by.

Sent from my Turbo 850 Flatbrimed Highhorse

[californiagrown]

Kinda. Think more like the municipality is just a shitty customer that doesn't understand cost control.

Sent from my Turbo 850 Flatbrimed Highhorse

Ohhhh youre talking publicly built affordable housing. Publicly built anything is stupid expensive. Yeah, that shit doesnt work. Government should be offering tax credits and subsidies for private developers (who do this shit for their day job) to come in and build it, and that same govt should expedite their permitting process.

[I Skied Bandini Mountain]

so which taxpayers have to pay for nimby's restricting growth in their cities and billion $$$ corporations paying shit wages?

[neckdeep]

Jackson's population officially goes into decline. The only place where they build hundreds of new houses every year but the population actually declines by almost 2%. Not a town. It's just a storage facility for real estate portfolios.

NIMBY capital of the world. Probably the worst place in America to try to start a business that doesn't involve building or selling mansions.

Good luck with paying people $60k a year to do entry level jobs.

[altasnob]

Great news for outsiders like me, who just want to pass through Jackson as fast as possible on my way to the parks and national forest. Could you imagine traffic if people actually lived in those houses? Core Shot can always fly in his slaves, er, I mean, essential workers, from abroad.

[neckdeep]

Great news for outsiders like me, who just want to pass through Jackson as fast as possible on my way to the parks and national forest. Could you imagine traffic if people actually lived in those houses? Core Shot can always fly in his slaves, er, I mean, essential workers, from abroad.

Wrong.

Turns out having 10 000 workers commuting on two roads that junction in a shopping district was really shitty long term planning.

NIMBY at its finest. Bike paths instead of infrastructure.

[altasnob]

Why do you need workers if nobody lives there? Move all those jobs to Driggs and let Jackson go fallow. Problem solved.

[Core Shot]

Either a gondola from ID to stilson.

Or a monorail

Or a chunnel

[altasnob]

Wyoming's gonna have to start paying taxes if they want fancy boondoggle toys like that.

[byates1]

Upscale van fucks like me can roll in to Jackson make 40$, get a hot springs or fitness center membership, stay just outside of town or wherever and do pretty well.

I just landed a deluxe job w a private ranch or thats what if do. It's what I'm doing in bozo.

Easy life.

[fastfred]

Upscale van fucks like me can roll in to Jackson make 40$, get a hot springs or fitness center membership, stay just outside of town or wherever and do pretty well.

I just landed a deluxe job w a private ranch or thats what if do. It's what I'm doing in bozo.

Easy life.

don't give away the secrets bro then every altachub will wanna follow you and live the dream

I lived in a tent rec center membership $9.00 an hr life was good back then like real good then the internet ruined ski towns

[altasnob]

Upscale van fucks like me can roll in to Jackson make 40$, get a hot springs or fitness center membership, stay just outside of town or wherever and do pretty well.

I just landed a deluxe job w a private ranch or thats what if do. It's what I'm doing in bozo.

Easy life.

Great! Who needs subsidized housing then? Seattle is trying out vanlife for worker housing too, but it's not working out as well:

[byates1]

I'll be right over to post up, shoot up, shit and piss all over your front lawn.

[mud]

don't give away the secrets bro then every altachub will wanna follow you and live the dream

I lived in a tent rec center membership $9.00 an hr life was good back then like real good then the internet ruined ski towns

Jackson has the best rec center for dirtbags going way back.

[neckdeep]

Upscale van fucks like me can roll in to Jackson make 40$, get a hot springs or fitness center membership, stay just outside of town or wherever and do pretty well.

Yeah, good luck with that. Those days are gone.

Thanks to the housing shortage and instagraming vanlife douchebags, those dispersed car campsites are now designated site only and very tough to get. National forest rangers put a traffic counter on shadow mountain and there were 300-400 vehicles a day going up there vying for the handful of sites that open up. There's rangers up there every day and a host, writing down your plates.

Most places anywhere near Jackson, stays on national forest are now limited to 5 nights. If the rangers see you around too much, you'll be charged with "residing" on national forest lands, a misdemeanor, even if you are bouncing around between areas.