That's only true in large cities which are effectively at 100% land usage.
That's only true in large cities which are effectively at 100% land usage. Meanwhile where I grew up in rural Tennessee not only are the houses cheap but the materials used to build them are lesser than anything you'll find within 50 miles of downtown Seattle (where I now live). My view is slightly more nuanced. Developing is expensive. Luxury properties, like all luxury goods, sell at a higher margin than non-luxury. Therefore developers will build higher margin luxury apartments until demand for luxury apartments is satisfied. At that point they'll build mid-tier. Which have lower margins but it's still profitable and better than not making money. Then, once the mid-tier is finally satisfied, the low end will be built. Margins are likely crappy but hey whatever. Once you reach full land use there's another layer of complexity. You can't build out so you have to build up. And building up is more expensive. In fact each floor is more expensive than the one below it. It doesn't take long for simply breaking even to be too expensive for even the lowest tier when land costs come into play.
Posted by forrestthewoods on May 9, 2015, 2:49 AM
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- Not at all, actually.
- A car battery with reduced range is still perfectly useable as a storage battery for a PV system.
- Here in Argentina we are in permanent summer time GMT-3 since a long time, but we should be in GMT-4.
- You should do some basic research yourself.
- Well, actually not.
- I have a 2022 mini that I use constantly.
Raise real-world problems, find people facing the same issue, and discuss solutions.6,500 issues0 comments
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Not at all, actually.
NewA car battery with reduced range is still perfectly useable as a storage battery for a PV system.
NewHere in Argentina we are in permanent summer time GMT-3 since a long time, but we should be in GMT-4.
NewYou should do some basic research yourself.
NewWell, actually not.
I have a 2022 mini that I use constantly.
Two observation: 1.
Cautiously optimistic for them.
That's only true in large cities which are effectively at 100% land usage.
That's only true in large cities which are effectively at 100% land usage. Meanwhile where I grew up in rural Tennessee not only are the houses cheap but the materials used to build them are lesser than anything you'll find within 50 miles of downtown Seattle (where I now live). My view is slightly more nuanced. Developing is expensive. Luxury properties, like all luxury goods, sell at a higher margin than non-luxury. Therefore developers will build higher margin luxury apartments until demand for luxury apartments is satisfied. At that point they'll build mid-tier. Which have lower margins but it's still profitable and better than not making money. Then, once the mid-tier is finally satisfied, the low end will be built. Margins are likely crappy but hey whatever. Once you reach full land use there's another layer of complexity. You can't build out so you have to build up. And building up is more expensive. In fact each floor is more expensive than the one below it. It doesn't take long for simply breaking even to be too expensive for even the lowest tier when land costs come into play.
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