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Updated 10 months ago on . Most recent reply

User Stats

94
Posts
32
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Alex U.
  • Investor
  • San Diego, CA
32
Votes |
94
Posts

High cost of Affordable housing

Alex U.
  • Investor
  • San Diego, CA
Posted

A new city heights affordable housing project has gone up at a cost of over $800k per unit.  Another one below at $600k+ a unit.  As the local governments struggle to manage tax payer money responsibly, they should really offer incentives to private builders to build "income restricted" at a much lower price. $220-$300/ft for vertical build costs.  Merge 56 is 41,257 sq ft ...works out to $708/per sq ft all costs.

Most Popular Reply

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28,076
Posts
41,082
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,082
Votes |
28,076
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Alex U.:

Are you expecting the California government to use taxpayer funds wisely, the same government that spends $42,000 per homeless person?

  • Nathan Gesner
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The DIY Landlord Book
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