The possibility of a small studio apartment for $50k in San Francisco (2016)
strongtowns.org
strongtowns.org
You don't have to please everyone for this to be viable.
Illustrating why they aren't available for $50,000.
Thus you can't just shrink lot sizes by 90% and expect to shrink per-lot tax bills by 90%. The average tax, in dollars per acre, must increase in order to compensate for the extra people.
The limit of 1% of the property value looks to be a deal killer here. Cities have an incentive to zone for very low density.
The limit of 2% increase per year is also a huge problem, but not specific to small lots. If inflation ever goes above 2%, disaster strikes all California cities.
Well, there is one other way. Forget about property taxes. Set them all to 0%. Get the required 2/3 majority vote to raise income taxes, then grant a big chunk of that to the cities based on the number of people living there. Perhaps a UK-style council tax would also work.
I'm not an expert, but I would think that holding period for smaller, less expensive, 'starter' homes is shorter than larger homes. If that's the case, you want to zone for that. But, zoning is more about not upsetting voters than grand fiscal planning, in my understanding.
And it would, because property tax is assessed not just on the land but also on the structures. For condominiums each unit is assessed separately.
In addition, the greater the density the lower the cost of infrastructure. I don't think people, especially suburbanites, appreciate how ridiculously expensive roads and sewers are to build and maintain. Mostly because suburbanites tend to move on long before needing to rebuild, leaving behind broken, decaying landscapes. But that game can only last so many decades before society will be forced to deal with the consequences. The consequences are slowly coming into focus across the U.S. but are often couched in terms of affordability in more urban areas (because fewer places to move on to) and the broken finances of municipalities in more rural areas (because they're stuck with what turned out to be inherently unsustainable infrastructure costs).
120 square feet is a prison cell, not a home.
Sinking 50k into SF for a prison cell ( that for most house guests is socially unacceptable ) is a bit of a tough sell for me!
I reckon the problem here, isn't the problem of packing in homes, its land-use approvals.
This is why a poorly-built trailer in North Dakota's oil fields can still be 100k (instead of 20k in Maine), whereas a beautiful mansion in rural Texas can be 200k (instead of 900k in New Jersey)
Yep, that's what you get exactly. I mean, the space is only the size of 4 queen size beds edge to edge. Typically people in those quarters sleep on futons and fold them up during the day to make more room. The real killer is that cooking in these is tough, because your "kitchen" is 2x2 or smaller with a tiny sink next to a 1 or 2 hob (small ones) electric stove over a dorm-style mini fridge. If you like making real meals and not getting everything from Picard, you have to get very creative.
Not really. I lived for years in an apartment like that and cooked just about anything you'd care to mention without too much effort.
https://www.thekitchn.com/how-to-entertain-in-a-teeny-tiny-f...
Maybe if somebody forced you to live in a situation you don’t want to be in, you’d find it oppressive. But when you build your own home, you get to learn what you really need in a home. (And tons of square footage probably isn’t one of those things)
I mean, consider that there's a lot of single introverts around here. If there are smaller places they can move to, there will be less competition for the giant places that introverts with children need.
It might cause me to be more minimalist and to spend more of my time outside, but I consider that a good thing.
The next proposal, "low rise" apartment block:
> Let's assume a 6000sf building footprint. This would contain twenty 250sf units per floor, with some shared space. Four stories means eighty units. With 80 units, we have 80 x $10,000=$800,000 budget for land. Our 6000sf building footprint sits on a quarter-acre (10,500sf) of land, so the land costs could be as much as $800,000 X 4=$3.2 million per acre.
And next, the "medium-rise" plan:
> Next, we have a six-story structure, which is about the upper end of the Traditional City or "low-rise" format. We will step up here to a better standard of construction, such as brick or steel-frame, with a cost of $200/sf. This reduces our unit size to a fairly tiny 120 square feet, plus some common areas. Our footprint is still 6000sf, but since the unit size is smaller, we can get 40 units per floor, or 240 units for a six-story building. At $10,000/unit for land, that gives us a budget of $2.4 million for land. We will use more of an "attached" format here, with a little space in the back, or a 7000sf (sixth of an acre) plot. This translates into $2.4m x 6=$14.4 million per acre land and other costs.
The author is saying something about the density required to support affordable housing in San Francisco.
I imagine the low-end is substantially less than the average, or could be if SF zoning and permitting wasn't so screwed up and we were actually building more low-end housing. The point of the article is to show what's financially viable if the system weren't so screwed up; that low-end housing is viable even in the face of absurd land-value prices.
$30,000 construction costs
$10,000 land & other non-construction costs
$10,000 profit margin
The cheapest lot I can find in San Francisco is $200k, not counting the lots that are being foreclosed on because land is so expensive there.
https://www.zillow.com/san-francisco-ca/land/
I mean, I love the idea. This is the sort of thing I wish we could do. But this does not sound realistic to me. The numbers look like they were pulled out of thin air.
If such a thing came to be in San Francisco I'd absolutely move.
And to your main question - if you are somehow blessed with the opportunity to make a buttload of money and live on the (relative)cheap for a little while in SF, then your future is probably looking pretty good. We are fortunate to live in a country where you can go wherever the heck you want at any point that you want, especially if you're financially able to do so.
Honestly I’m not sure what changed in my opinion. I’m generally very pro-building, but I realize different people want different things.
But you need to understand that many of us (myself included) really don't want to have children ourselves.
We are people, too... and saying that all housing needs to be built large enough to accommodate a family with children is unfair and a waste.
I mean, sure, I pay more taxes than someone of my own income with children... and I think that's fine. If the additional taxes were spent on things like education, I'd even be okay increasing that difference and paying even more, but it does nobody any good to say I can't buy a smaller place because you want to have a kid.
This meant that there were at least six of them in a 25m^2 (277-ish sq ft) studio. While it was physically possible to fit three bunk beds there - albeit barely, they would have no space left for a wardrobe.
They spent two years like that and I imagine it was hell.
(120cm3 + 60cm) 200cm = 8.4m^2.
There is absolutely no reason for stacked beds to be queen size.