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REPORT ABUSIVE REPLY
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Message Subject
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Rental Control in California to help the homeless.
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Poster Handle
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Anonymous Coward |
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Post Content
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HERE'S THE REAL PROBLEM
LA, 3 years ago allocated 1.2 Billion dollars for housing for the homeless. A city audit report just published states that not a single unit has been completed and 35-40% has been spent on consulting fees. Also, the developers are saying cost over runs are pushing the per unit price to over $600,000 per unit. Anyone with a working brain cell knows the problem is not money or rent control, it's government corruption as blatant as you get. [ link to www.dcclothesline.com (secure)] Quoting: Remedial_Rebel This is exactly what I predicted. Too much greed in this country. A cheap house made with Chinese materials cost maybe 10,000 dollars but by the time the crony developers and their buddy politicians get their cut, it balloons to almost a million dollars for one unit. It is pretty apparent that private business and government are not the solution. They are a big part of the problem. That would be a great price for a house ... but what about the cost of the land under it? What about the cost of putting in Sewers? What about the cost of putting in Water Mains? What about the cost of building the street itself? What about the cost of putting in electrical distribution facilities? Around here, and this isn't California but a cheap place to build, it costs a developer from $90,000 to $150,000 per lot to develop a small single family house lot and from $50,000 to $100,000 per a condo or apartment. The actual construction cost for the building is ON TOP of those land development costs. California development costs have to be at least double that in the bigger urban areas and could actually be 3x that. (that is why REDEVELOPMENt of existing neighborhoods into MUCH higher density housing is really the only way to add a lot more living units at a reasonable cost) Sounds overinflated. Buddy of mine bought a piece of land and parked his camper on it with the intention of building a house on it. Every day after work, he would work on it. 2 years later it was done. He did all the electrical and plumbing himself. He said it only cost him $50,000 including sewer, water and electrical hookup. The house is worth $350,000.
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