Quote:
Originally Posted by BVictor1
Depends on if the parking slab is flat. Ramps can be removed, but if the entire floor plate is sloped, and conversion from parking to active would be unlikely.
|
I have noticed more buildings providing speed ramps, and the parking area actually flat which is good for future re-use. Of course there are way more factors that go into it - plumbing stacks are a big one. It's hard to add those later especially if the ground floor is occupied with a retail tenant.
Quote:
Originally Posted by 10023
The point is that the only way to make highly desirable neighbourhoods cheaper is not simply to build more housing, but to make them less desirable. So you can actually build your way to affordability, but only by building so much affordable housing that affluent people don’t want to live there anymore.
|
You assume that neighborhoods are intrinsically desirable, but in US cities there's a lot of spillover effect. Wicker Park became desirable because Lincoln Park got too expensive, then Bucktown became desirable because Wicker Park got too expensive, and so on. In those cases, adding housing at the higher levels of the chain reduces pressure on the lower levels by redirecting the demand.
Also, you can't totally discount supply-side effects. If you add a lot of inventory to a given market then landlords will have to compete for tenants, and will lower rents as a result (in the US they're more likely to offer incentives like a free month of rent, which is effectively the same thing).