Real Estate Crash thread

[Foggy_Goggles]

@Single I don't disagree with you but I'm not sure what you are saying. For sure, in the Upper Fraser River Valley a majority of the spec developments are catering towards second homeowners because 80 of the homes (and condos) are owned by second homeowners. And pretty much by definition, more garage and more driveway is less residential density.

Re: Duplex the cost savings are basically limited to two less exterior walls to put finish on. The coding for fire (primarily) mandated that the separation wall is from foundation to roof. So basically it is two single family homes butted up to each other. They are very soundproof. And separate utility service is mandated. You do get more square footage per lot because you skip one side set back. Again, not considered the most profitable product for developers.

I think it is a pretty well know compromise that you go up valley for less square footage and storage or you go down valley and have a longer drive to the ski area. And its 30mins from the High School in Granby to Winter Park. Where do you want to live with your middle class family?

@Jong I don't disagree with you either but how do you extrapolate that idea? What are Planning and Zoning and Building and Infastructure requirements are you opposed to?

[Danno]

Got 900 grand? You could own this gem! https://www.zillow.com/homedetails/1...13180140_zpid/

[frorider]

103 yrs of history right there.

[Danno]

103 yrs of history right there.

But hopefully not designated "historical". Because whoever buys that very likely will want tear it down.

[byates1]

The lot is prob worth what 700?

[Danno]

Based on the location, 900 is my guess.

[alias#?]

103 yrs of history right there.

Historic piss and vomit from yours truly.

[ski-wpk]

Priced like a typical CU student rental. Boulder is getting wacky.

[yeahman]

The "Frozen" Montana Housing Market

https://www.kbzk.com/news/montana-ne...xR3vULZc0huxGA

[I Skied Bandini Mountain]

That was a pretty good article.

We couldn't afford our home right now, nor do we want to anymore. Two year plan is in effect, hopefully the economy doesn't crater before we blow this popsicle stand.

[S_jenks]

That article is exactly why we left the state. Fuck trying to get in on that market right now. We’ll make our money elsewhere and then reassess in x number of years.


Sent from my iPhone using TGR Forums

[skaredshtles]

Got 900 grand? You could own this gem! https://www.zillow.com/homedetails/1...13180140_zpid/

Excellent Hollywood lighting in the bathroom. [emoji1787]

[J. Barron DeJong]

https://bsky.app/profile/danbertolet.../3ld3ebrszf42u

[Ski220]

https://bsky.app/profile/danbertolet.../3ld3ebrszf42u

Quoted "Every sq in not devoted to living space is less profit. It doesn't mean that these people won't need transportation. Or that it should not be part of the plan. Unless you're willing to act as taxi for them"

^ This

https://city.ridewithvia.com/stamford

Then your government decides to pick up the tab for the problem they created
by allowing housing without parking.
But who is really paying (taxes) to support this ?
Don't we already have private on demand services ? Uber & Lyft

[californiagrown]

Quoted "Every sq in not devoted to living space is less profit. It doesn't mean that these people won't need transportation. Or that it should not be part of the plan. Unless you're willing to act as taxi for them"

^ This

https://city.ridewithvia.com/stamford

Then your government decides to pick up the tab for the problem they created
by allowing housing without parking.
But who is really paying (taxes) to support this ?
Don't we already have private on demand services ? Uber & Lyft

The only places i have seen significant reductions in parking allowed are when a development goes in across the street from large public transit (lightrail stop, bus station (not just stop) or when the development is an old folks home where the residents dont have cars and the only cars are the workers. Otherwise, parking reductions are pretty minor if allowed at all.


What we all could do, is shrink traffic lanes and sidewalks and getting rid of planter strips between streets and sidewalks to allow for more parallel street parking. It would have the added benefit of slowing down traffic in many areas making them safer overall, and forcing fatass americans to walk a little more to get from their car to their frontdoor resulting in a healthier populace.

[AdironRider]

This idea of not providing parking is such bullshit and only makes sense to the people who do not have to deal with the issues that creates.

Like it or not people need to get around and passing the buck to the neighbors, or the city as a whole is not the solution.

[J. Barron DeJong]

This idea of not providing parking is such bullshit and only makes sense to the people who do not have to deal with the issues that creates.

Like it or not people need to get around and passing the buck to the neighbors, or the city as a whole is not the solution.

Most people are going to want parking. That doesn’t mean that everyone does, and those people who don’t shouldn’t be forced to buy it.

[Conundrum]

The only places i have seen significant reductions in parking allowed are when a development goes in across the street from large public transit (lightrail stop, bus station (not just stop) or when the development is an old folks home where the residents dont have cars and the only cars are the workers. Otherwise, parking reductions are pretty minor if allowed at all.


What we all could do, is shrink traffic lanes and sidewalks and getting rid of planter strips between streets and sidewalks to allow for more parallel street parking. It would have the added benefit of slowing down traffic in many areas making them safer overall, and forcing fatass americans to walk a little more to get from their car to their frontdoor resulting in a healthier populace.

Some cities (the one I live in as an example) are reducing parallel parking space and adding buffers between traffic and bike lanes. Especially where high density housing is going in. Not saying wrong or right, just an observation.

[Skistack]

Yeah, even if investors, lenders and cities were OK with it, good luck leasing up that nice new multifamily development with no resident parking.

Parking to unit ratios are huge deal in these development's proformas, and parking costs have sunk many a deal. What works in alot of scenerios is a public-private partnership where the city helps the developer with the cost of structured parking in exchange for a dedicated amount of public parking. Housing gets built and parking supply is not reduced.

[californiagrown]

Some cities (the one I live in as an example) are reducing parallel parking space and adding buffers between traffic and bike lanes. Especially where high density housing is going in. Not saying wrong or right, just an observation.

City planners have an impossible job. No matter what, they piss off a very vocal crowd.

[schuss]

City planners have an impossible job. No matter what, they piss off a very vocal crowd.

Yep, that's why I'm psyched our small city next door (Dover NH), has basically said "we're getting denser because we have to, deal with it" after Portsmouth has been completely captured by retirees/NIMBYs.

[Conundrum]

City planners have an impossible job. No matter what, they piss off a very vocal crowd.

True. I've known a number of them locally who have switched from city to private work.

Personally, riding my bike into downtown is great now. And after 20 years of living in my house, we finally built a garage for off street parking. But, there is a palatable frustration from a lot of residents and business owners in the downtown core. I guess I shouldn't limit the frustration to just those two groups.

[dan_pdx]

Same in Portland. We relaxed parking minimums for housing near transit and (surprise!) all the residents of those new developments have cars that they park in the neighborhood. That might be fine though, at least it makes it easier to build housing, and the city has already paid to build that street parking anyway, might as well use it

[dan_pdx]

(also helps they're not parking in front of my house, hahaha)

[Name Redacted]

Our local town did a study that indicated that they had a plethora of parking, so that justified them closing two lots in order to build two condo buildings. Then, when the STR "Crisis" started affecting them they used parking as a way to charge us a yearly fee for our STR because they said that our building (built in the 70's) didn't have enough parking spaces (Never seen it full).

Parking is just another weapon for them to use to accomplish whatever the task of the day is for town council.