A Boring Dystopia

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Los Angeles renters now need $117K a year to live comfortably, study says (www.ktla.com)

submitted 6 months ago by return2ozma to c/aboringdystopia

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[–] [email protected] 11 points 6 months ago (2 children)

Is there a big nimby resistance to residential towers?

[–] [email protected] 9 points 6 months ago* (last edited 6 months ago) (2 children)

Those towers have a higher rent due to amenities and location. Converting SFH to multi-unit condos/apartment buildings are a better way to increase the housing supply for less.

[–] [email protected] 2 points 6 months ago

I think you can have towers in residential areas too.

[–] [email protected] 1 points 6 months ago

I think you spelt "REIT dividends" wrong.

[–] iamdisillusioned 2 points 6 months ago

I'd guess that regulations for earthquake safety make tall buildings very expensive to build. The only way it makes financial sense to build them is to put them in the most expensive areas and load the units with luxury finishes to increase profit. It's far more common to see 5 over 1s, and yes there is a lot of resistance to even those.