/n/ - Transportation » Thread #1331546

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Anonymous Tue 14 May 2019 21:16:16 No.1331546 View View Reply Original Report

Quoted By: >>1331547 >>1331563 >>1331582 >>1332705

Question to my /n/ bros.

Do you follow real estate developments in your city?
I live in a southern city that was really sprawled, but in the last several years has seen a lot of downtown development focused on pedestrianism and transit-oriented stuff. That breathes life into the city and makes a lot of transportation/infrastructure projects possible. So I was wondering if I’m the only /n/erd who follows commercial real estate news.

Anonymous

Anonymous Tue 14 May 2019 21:19:27 No.1331547 Report

Quoted By: >>1331560

>>1331546
Real estate is boring. I rather jerk off.

Anonymous

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Anonymous Tue 14 May 2019 21:40:31 No.1331560 Report

Quoted By: >>1332707

>>1331547
It's the largest industry in America, the world's largest economy.

Anonymous

Anonymous Tue 14 May 2019 21:49:22 No.1331563 Report

Quoted By: >>1331564 >>1331567 >>1331640 >>1333618

>>1331546
Walking and inner cities are for poor people. White people drive because we are successful as shown by our cars and houses and lawn

Anonymous

Anonymous Tue 14 May 2019 21:50:26 No.1331564 Report

Quoted By:

>>1331563
May I admire your inedible plants for a minute? Their luster really speaks volumes about your place in society.

Anonymous

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Anonymous Tue 14 May 2019 21:58:05 No.1331567 Report

Quoted By: >>1331601 >>1332836

>>1331563
Houses and lawns which are being devalued in favor of city centers. And the suburbs have been growing increasingly black for several years.
The most valuable asset in real estate is walkability.

Anonymous

Anonymous Tue 14 May 2019 22:34:17 No.1331582 Report

Quoted By: >>1331586

>>1331546
Absolutely! I get excited every time I see a big pit replace a parking lot and I go look up the permits to see what is being built. There’s a local forum/blog that tracks this stuff and other urban issues. Do you have a local one? Skyscraper City used to serve a similar function for many cities but I think it’s faded away.

Anonymous

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Anonymous Tue 14 May 2019 22:40:23 No.1331586 Report

Quoted By:

>>1331582
Usually the local Business Journal and/or newspaper will cover them all.
There's also a subreddit for my city which is pretty good for getting news.

The only thing the bugs me is people complaining about gentrification as if it were an issue in this town (it's not).

Anonymous

Anonymous Tue 14 May 2019 23:55:36 No.1331601 Report

Quoted By: >>1331606

>>1331567
This. I swear these posters live in the fucking 80s thinking "inner cities" are all black and not increasingly white due to gentrification. Honestly the most white people i have ever seen in one place is probably williamsburg in brooklyn. Meanwhile most historically white suburbs near any non bumfuck city are 65% white at best

Anonymous

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Anonymous Wed 15 May 2019 00:24:03 No.1331606 Report

Quoted By: >>1331644 >>1331993 >>1333618

>>1331601
Yeah I think they have a bad idea of what “city” means. There are all kinds of architecture styles, different buildings with different uses and different relationships to the street.

I know some people want us to just plop down high-rises to get density but I think an incremental approach is best.

Anonymous

Anonymous Wed 15 May 2019 02:14:17 No.1331640 Report

Quoted By:

>>1331563
Somebody should start counting how many times this poster has said "poor" on /n/. He must have an insane inferiority complex to be this obsessed with not appearing to be poor. Probably childhood trauma.

Anonymous

Anonymous Wed 15 May 2019 02:27:44 No.1331644 Report

Quoted By: >>1331647

>>1331606
I think bureaucracy is the issue here. There is way too much that goes into building a project with all the permits and fees that the only projects that get built are the high rises and large subdivisions.

Anonymous

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Anonymous Wed 15 May 2019 02:43:44 No.1331647 Report

Quoted By:

>>1331644
I think you're onto something, but plenty of mid-rises (4-7 stories) get built. It's probably the most popular structure lately and I'm glad to see they've made a huge boost in population density, given a lot of life to formerly-dying places.

But I think from here out we need smaller infill with more personal touches. And for that we need to minimize red tape so small developers can step up. Fourplexes, Sixplexes, rowhouses etc.

Anonymous

Anonymous Wed 15 May 2019 04:15:41 No.1331677 Report

Quoted By: >>1331852

I don't follow real estate aside from when it makes the news, because it's just too depressing where I live. There's at least 1000 new suburban homes and 2 new huge stripmall shopping centers with parking footprints big enough to contain multiple skyscrapers for each lot redeveloped in a walkable neighborhood.

Anonymous

Anonymous Wed 15 May 2019 15:37:31 No.1331852 Report

Quoted By: >>1331878

>>1331677
Where the fuck is that? Multifamily is more popular than single-family the last several years.

Anonymous

Anonymous Wed 15 May 2019 17:07:34 No.1331878 Report

Quoted By: >>1331920 >>1331989

>>1331852
Every growing southern city pretty much. Go visit atlanta, dallas, charlotte, releigh etc

Anonymous

Anonymous Wed 15 May 2019 19:06:11 No.1331920 Report

Quoted By: >>1331993

>>1331878
I’ve been to all those cities within the last 2 years. Most of the development I see is multifamily. Atlanta and Dallas especially have giant residential towers going up all over the place.

Anonymous

Anonymous Wed 15 May 2019 22:21:06 No.1331989 Report

Quoted By: >>1331993

>>1331878
Anyone who's been to Atlanta, Raleigh or Dallas in the last several years can tell you this is patently untrue.

Anonymous

Anonymous Wed 15 May 2019 22:31:15 No.1331993 Report

Quoted By: >>1331995 >>1332273 >>1332274

>>1331920
See>>1331606
Giant empty glass towers used by chinese/russian millionaires as investments are part of the problem, too.
>>1331989
10 minute(at night lol), drive outside the downtown and its mcmansions, subdivisions and big box stores galore

Anonymous

Anonymous Wed 15 May 2019 22:39:38 No.1331995 Report

Quoted By: >>1332498

>>1331993
There are like 10 of those in NYC and they are basically irrelevant. Nobody wants to admit it but the problem is rent stabilization laws. I live in a neighborhood that's 90% rent stabilized and 10% coop. Needless to say the coop prices are jacked up like mad because there's so little inventory, the rental stock gets neglected because the statutory rent limit doesn't incentivize renovations, and so you end up with people desperate to buy into a coop because it's the only way to have an apartment that isn't infested with vermin and doesn't have leaks coming out of every wall. The few market-rate buildings are also ridiculously expensive because they know there's no competition, it's either brand new carrerra marble and hahnsgrohe everything and a tuxedoed doorman, or it's a mold infested slumlord complex, with absolutely nothing in between.

People act like lifting these regulations are going to hurt the middle class but they won't admit the regulations ARE what's hurting the middle class.

Anonymous

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Anonymous Thu 16 May 2019 02:47:22 No.1332139 Report

Quoted By: >>1332240 >>1332279

A golf course was closed in my hometown 3 years ago, and a developer wants to put in a 55 and older community with over 500 single family homes (plus some offices on the main road). The pitch to the village is that the homes generate tax revenue without straining the schools. People who live around the golf course tried to make the village buy and operate it, but that won't happen as the golf course was losing over $1M per year. Don't buy a home for a view you don't own.

I say, since it's a sprawling suburb and the plot isn't particularly central, let it grow into a forest preserve. I kind of wish forest preserve districts were given more money to buy up plots like this.

Anonymous

Anonymous Thu 16 May 2019 10:55:14 No.1332240 Report

Quoted By:

>>1332139
Ugh those "55 and older community" pitches are the worst. They always throw that in there so they can be like "huh? so you hate old people?" but they're a farce, anyone who knows old people knows IRL they want a 99 walk score and access to culture but these developers know they can never deliver that and have no intention of doing so either.

So after the development goes up they have an abandoned building that doesn't get occupied but got them massive concessions anyway, and they just go "well it didn't work so we're converting this to a shelter/toxic waste dump/5 story cager garage"

Anonymous

Anonymous Thu 16 May 2019 13:25:00 No.1332273 Report

Quoted By:

>>1331993
Yeah and none of those McMansions are new.
If you look at any real estate data you know that no one builds McMansions anymore.

Multifamily development has surpassed single-family for several years straight and grown year-over-year.

Anonymous

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Anonymous Thu 16 May 2019 13:27:57 No.1332274 Report

Quoted By: >>1334705

>>1331993
Yeah, and none of those McMansions are new.
You should look at data sometime.

Multifamily development has surpassed single-family for several years straight and grown year-over-year.

Anonymous

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Anonymous Thu 16 May 2019 13:37:17 No.1332279 Report

Quoted By: >>1332456 >>1332502 >>1334706

>>1332139
>The pitch to the village is that the homes generate tax revenue without straining the schools

That's weird as fuck, neighborhoods like that cost the city a lot of money.
Mixed-use development generates a lot more revenue per acre.
I would say let the city buy at least part of it and make a park. But that design is atrocious.

Anonymous

Anonymous Thu 16 May 2019 23:35:04 No.1332456 Report

Quoted By: >>1332683

>>1332279
Yet city and urban dwellers pay more for shit... Hm... Makes me think

Anonymous

Anonymous Fri 17 May 2019 01:03:37 No.1332479 Report

Quoted By: >>1332482 >>1332683 >>1332708

Why do people want to turn every city into some half assed fake New York?

TheBoringBiker

TheBoringBiker Fri 17 May 2019 01:12:43 No.1332482 Report

Quoted By:

>>1332479
>half assed fake New York?
>implying they isn't already half assed and fake

Anonymous

Anonymous Fri 17 May 2019 02:01:24 No.1332498 Report

Quoted By: >>1332503

>>1331995
>Nobody wants to admit it but the problem is rent stabilization laws.
Actually pretty much every single economist who writes on rent regulation admits that rent regulation leads to scarcity and deterioration of the housing stock. Also every single economist who writes about the failures of price control always brings up rent regulation as an example.

Anonymous

Anonymous Fri 17 May 2019 02:10:02 No.1332502 Report

Quoted By:

>>1332279
The idea would be that the empty nesters buy the homes and pay property taxes without sending kids to public schools. I think it's a flawed concept because the idea of retiring in a community of 1000 other old people isn't that attractive, and yet it decreases the demand on the property by limiting who can buy the homes.

Anonymous

Anonymous Fri 17 May 2019 02:11:50 No.1332503 Report

Quoted By: >>1332683

>>1332498
Remind me of what percent of the voting public in NYC has a PhD in economics?

Also whether it's true or not, "economists say so" is not a good way to get people to listen to your argument when your argument sounds like it's pushing for taking away people's cheap rent. The fact is lifting rent regulations would hurt a lot of people very quickly. In the long run it's the right thing to do but it's very obvious why the idea would not go over very well.

Anonymous

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Anonymous Fri 17 May 2019 12:58:48 No.1332683 Report

Quoted By:

>>1332456
Yes, and because infrastructure is MUCH cheaper to provide in dense buildings/neighborhoods, urban dwellers effectively subsidize utilities for those in suburban and rural areas. Don't even get me started on the expense of highways and overpasses for suburbanites.

>>1332479
Gotta admit I enjoy how buttmad you are. Consumer preference has spoken and people want walkability. Get over it. You probably hate the real New York too so no matter how things are built you're going to whine.

>>1332503
I have an unpopular opinion, but it seems everyone else in America (even hard urbanists) misses the point. City living has a lot of desirable qualities and Americans want to pay for those qualities. Therefore rent goes up in our most walkable and transit-oriented cities. Blue-collar people are driven out and that sucks for them.

But the silver lining is, many people could return to America's 2nd-tier cities and drive new development and transit. I think America's cities have been undergoing such a big transformation the last several years, there are inevitable growing pains.

Anonymous

Anonymous Fri 17 May 2019 13:53:35 No.1332705 Report

Quoted By:

>>1331546
I follow development closely in my area. It all about infill and activation here.

Anonymous

Anonymous Fri 17 May 2019 13:54:41 No.1332707 Report

Quoted By:

>>1331560
It tends to be a large industry, but its terribly interesting.
So anything that is built, is limited by city planning and existing infrastructure. Road, water pressure, pipe quality, existing firms doing maintenance, etc.

Like, Real Estate in itself is not a large industry. The maintenance industry is, and most of the corporations doing maintenance can also do parts of the process for building new infrastructure.
Now, centralization itself makes owning and developing land a safe and profitable venture, with good % yields per decade.

Anonymous

Anonymous Fri 17 May 2019 13:55:44 No.1332708 Report

Quoted By: >>1333539

>>1332479
"Manhattanization" is the biggest NIMBY myth there is.

Anonymous

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Anonymous Fri 17 May 2019 18:09:28 No.1332836 Report

Quoted By: >>1333086

>>1331567
>The most valuable asset in real estate is walkability.
I may not have a yard, a parking space, a wall that can block about my neighbor's sex acts, a place where I can escape the constant droning of the machine shop next door, but whoa, I can actually walk to the local Circle K!

Anonymous

Anonymous Sat 18 May 2019 11:11:14 No.1333086 Report

Quoted By:

>>1332836
>living next to a machine shop
Wtf is “circle K”, a christian cult of some kind?

Anonymous

Anonymous Sat 18 May 2019 23:25:35 No.1333332 Report

Quoted By:

Another infill project got announced in my city. Boutique hotel and some condos across the street from one of our biggest parks.
I am amazed at how much investment and construction happens in my mid-size city. It seems like 90% of the activity is downtown.

Anonymous

Anonymous Sun 19 May 2019 08:22:25 No.1333539 Report

Quoted By: >>1333623

>>1332708
All NIMBY myths are true, and if the guy proposing upzoning isn't from New York, the developers and bankers supporting him sure are

Anonymous

Anonymous Sun 19 May 2019 13:55:13 No.1333618 Report

Quoted By: >>1333623

>>1331606
I live in a live/work and it's nice, family. Unfortunately it's on a cageway where everything is sprawled to shit. the buildings are half empty and the sidewalk is torn up disrepaired garbage. I'm one of the very few people who walks anywhere. But our building serves as an anchor--there's been tons of infill developing around it. It's like a seedbomb. Toss it in, shit develops around it. We need to start from city center and work outwards sowing seeds of mixed use construction into the empty spaces, while introducing better rail lines, which lessens the need for cages and allows for removal of cage infrx like parking lot craters and street parking (holy hell FUCK STREET PARKING let's make roads 2x as wide as they need to be so everyone can park in 3 seconds and pedestrians have to add that distance in to walk past every day! it adds up...it's an entire parking lot distributed across 10 road crossings.) But anyway. Build mixed use housing, businesses will develop around it. put a grocery store in walking distance and the residents will walk there. put a restaurant down the street and the residents will walk there. put other businesses in the vacant lots they walk past. boom, revitalized. they're tearing down the dilapidated single family housing that's been a hobo squat for 10 years and building fancy new condos and townhouses now.
>>1331563
only debt slaves trying to look wealthy have mcmansions and SUVs. Actual money lives in the rich part of city center and uses Lyft exclusively where light rail doesn't go and they can't reach by walking. dumbass white nigger.

Anonymous

Anonymous Sun 19 May 2019 14:18:43 No.1333623 Report

Quoted By: >>1334245

>>1333618
>We need to start from city center and work outwards sowing seeds of mixed use construction into the empty spaces, while introducing better rail lines, which lessens the need for cages and allows for removal of cage infrx like parking lot craters and street parking

Yes exactly.
The suburbs of my city are extremely phobic of mixed-use and walkable development. Even when someone tries to build luxury condos all the boomers put picket signs in their yard protesting the development.
But hey that means builders just put more stuff in the city center and the central city improves.

>>1333539
t. doesn't even know what NIMBY means

Anonymous

Anonymous Mon 20 May 2019 17:19:02 No.1334245 Report

Quoted By: >>1334447

>>1333623
A suburb near me is trying to approve an apartment development in their dying downtown. Residents are putting "Save Main" signs in their lawn, which are ironically in opposition to the project. Boomers would rather downtown be a place where they have their doctor visits and buy some pottery, rather than a complete livable space.

Among the bullshit reasons for opposition: "asbestos removal within 100 feet of a school."

Anonymous

Anonymous Tue 21 May 2019 00:13:49 No.1334447 Report

Quoted By: >>1334448

>>1334245
How big is the development?

Also recently a guy tried to put in a new hotel in a suburb’s dying downtown.
All the boomers protested because the hotel didn’t provide enough parking. So the developer had to change plans so much, he didn’t have enough space to build a profitable hotel. So he just decided not to build.
Now there’s a giant empty block in their downtown and their downtown’s still dying.

Anonymous

Anonymous Tue 21 May 2019 00:14:51 No.1334448 Report

Quoted By:

>>1334447
I should clarify. Their downtown’s not DYING dying, but on that side they’re having trouble keeping retail tenants. And they probably always will because the residents won’t let them build any population center to support them.

Anonymous

Anonymous Tue 21 May 2019 01:51:51 No.1334478 Report

Quoted By: >>1334489

They're tearing down all the historic houses downtown and building 20 story apartment buildings they can rent for 1500 a room for 4 bedroom apartments. Haven't really done anything for transportation except a street car that doesn't have any use except for students and tourists. Still have my studio duplex for 400 a month but a megaplex is being built across the street and it won't be long im sure

Anonymous

Anonymous Tue 21 May 2019 03:09:52 No.1334489 Report

Quoted By:

>>1334478
Your city doesn't have historic preservation?

Anonymous

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Anonymous Tue 21 May 2019 13:56:26 No.1334696 Report

Quoted By: >>1337002

SB50 just failed in the California Senate.

I’m amazed at how phobic this country is of multifamily development, even unobtrusive stuff like fourplexes.

Multifamily is still banned in most of Chicago.

Anonymous

Anonymous Tue 21 May 2019 14:28:27 No.1334705 Report

Quoted By: >>1334725

>>1332274
Doesn’t know about DFW

Anonymous

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Anonymous Tue 21 May 2019 14:29:37 No.1334706 Report

Quoted By:

>>1332279
Propaganda from agenda 2030

Anonymous

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Anonymous Tue 21 May 2019 15:13:47 No.1334725 Report

Quoted By: >>1334786

>>1334705
What’s wrong with DFW? They build smart.

Anonymous

Anonymous Tue 21 May 2019 18:36:40 No.1334786 Report

Quoted By:

>>1334725
They build new homes too!

Anonymous

Anonymous Sun 26 May 2019 18:23:04 No.1337002 Report

Quoted By:

>>1334696
Care to explain what does that mean?

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