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by kjksf
3384 days ago
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I used to live in Seattle in 20-something story building, paying $1250/month for 1 bedroom apt. In San Francisco, a similar apt. is $3000+. Clearly, the cost of building the skyscraper is such that the developer can earn their money at $1250/month. Not cheap but most standards but also not insanely expensive as SF. The issue in SF is not that we're building 7 story buildings instead of 30 story buildings but that it's hard to get approval for 4 story building unless you promise to sell 125% of capacity for below-market rates and even if you do, there will be neighborhood organization bad mouthing every project at best and suing you under any pretext they can at worst. Even if they eventually loose the lawsuit, they'll successfully delay construction. |
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I can't talk about your house obviously but the vast majority of Skyscraper in Europe have economics where the bulk of the investment cost is carried by expensive flats and not cheap ones. So yes, some people might have cheap flats but that does not mean that you can take the unit count of the Skyscraper and say "N cheap flats".
If you take the Triiiple in Vienna for instance the current quoted costs are 3500 euro per square meter purchasing price for the cheapest flats going up to 9000 euro per square meter for higher up floors. And the Triiiple is considered one of the more affordable projects.