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by kristjansson 517 days ago
I suspect you're right, I was pointing out the current limits.

But so what if they do have full coverage in 10 years? We can build apartments with no/fewer parking spaces, and therefore somewhat lower costs. Why do we build those sort of apartments on some of the most desirable land on the planet? Look at the One Coast development on the bottom of Sunset - denser than SFH, plenty of parking, and no trouble selling condos starting at $3-5m. At that's at the bottom of the hill!
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whimsicalism 517 days ago
why should we only build large buildings in places where poor people live? i don't see why these neighborhoods should be reserved for the wealthy rather than mixed income if the demand is there. generally the market pressure for larger buildings is going to be highest in wealthy areas and for good reason
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kristjansson 517 days ago
They're not reserved for the wealthy, they're desirable. Self-driving and associated parking minimum reductions doesn't materially change those economics. If you had permission to build large buildings with an ocean view and beach access ... you'd build it with parking and start the studios at $1m like they do half a mile away on Ocean. Build 115% of the units by omitting parking, and you'd probably still sell a studio for $1m, honestly. The demand is deep, global, and pretty inelastic.

Does Monaco have apartments for $300k? Does the LES? West Palm Beach?

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