Hacker News Reader

Comment by acover | Hacker News Reader

Toyota makes a new camry as well as a new lexus.

Sure but the new economy sedan is more expensive than the used economy sedan.

According to this interpretation therefore, if you build a new house, and it is broadly similar to houses in the neighborhood in which you build it… it’s going to be expensive relative to its neighbors. It will perhaps be perceived as “luxury” despite just being new.

> If the land is valuable, and all you can build on it is a single-family home, why not build a very expensive single-family home?

The article suggests changing zoning so triplex/fourplexes can be built. Even if they have marble countertops, they'd still be more affordable than a house.

Currently, I can't build the housing version of a Camry.

I live in a townhouse. Its land efficient, i have a garage w/ storage its relatively affordable to houses. What i dont like are HOA fees and useless common expenses (the pool) and forced rules (only white curtains). The space 3 units take up is about one house in same neighborhood.

The point he's trying to make is that a new house often costs less than a used house, which is the opposite in the car market.

No, the point he is making is not that they are actually less expensive than existing comparable homes, but that people complain that they do not meet affordability standards that would require them to be less expensive.

Right... and new camrys are more expensive than used Camrys...

Reply on news.ycombinator.com