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Smythe posted:i spit at this place (in spirit) whenever i drive past its ugly rear end. hot gently caress its ugly and huge. out of place and tacky and dumb. always looks empty too. theres this one, the orsini, and like the medicinicinni or some bull poo poo part of the reason i was gized on the davinci fire is that that one and the orsini are the ones right at the 110 101 so it looked dope as hell  
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Mar 27, 2018 04:18
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hmm i can rent a classic hollywood courtyard bungalow that has the epic good vibes of ppl dancing, loving, and partying in them for literally 100 years that has kitch and charm and character or uhh i can rent in some huge piece of poo poo with no personality. tough call 
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Mar 27, 2018 04:29
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ProperGanderPusher posted:Prop 13 is never going anywhere, even after the last boomer draws their last breath. I’m set to inherit a dinky two bedroom ranch home in Menlo Park worth nearly a million dollars and so are many of my friends. We need that equity for when we get screwed out of social security. I don't know about that dude. I don't see homeownership in California rising anytime in the near future.  
Bodhidharma fucked around with this message at 06:37 on Mar 27, 2018 |
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Mar 27, 2018 06:29
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stone cold posted:part of the reason i was gized on the davinci fire is that that one and the orsini are the ones right at the 110 101 so it looked dope as hell It was pretty awesome. Shame it eventually got built. Not all new construction looks like the wet dick droppings of someone who totally backpacked through, like, Milan or whatever. Most juat have some color or lots of glass. All overpriced though!
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Mar 27, 2018 19:32
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that arson kicked loving rear end
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Mar 27, 2018 19:45
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fermun posted:SF has ~18,000 vacant luxury units. Even assuming YIMBY just makes more luxury units, isn't that a good thing? Wouldn't that drive down the value of the currently vacant luxury units?
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Mar 27, 2018 20:18
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Skyscraper posted:Even assuming YIMBY just makes more luxury units, isn't that a good thing? Wouldn't that drive down the value of the currently vacant luxury units? Depending on how the apartment buildings were financed, they may not be able to drop their rent by any reasonable amount in the first place. Check out how commercial financing works: value of property is contingent on rental values under many (most? all?)) loans, meaning that if you drop your rent rates, you can actually go upside-down on your mortgage and trigger clauses to have to pay up to reach parity again. It may be easier, from a funding sense, to just list everything on AirBnB and its equivalents for short-term rentals until you can find tenants, rather than trigger large payments to bring your loan to value again. I don't have much sympathy either way, to be honest.
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Mar 27, 2018 20:33
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Sundae posted:Depending on how the apartment buildings were financed, they may not be able to drop their rent by any reasonable amount in the first place. Check out how commercial financing works: value of property is contingent on rental values under many (most? all?)) loans, meaning that if you drop your rent rates, you can actually go upside-down on your mortgage and trigger clauses to have to pay up to reach parity again. It may be easier, from a funding sense, to just list everything on AirBnB and its equivalents for short-term rentals until you can find tenants, rather than trigger large payments to bring your loan to value again.
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Mar 27, 2018 20:55
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Shithead residents of shithead city Irvine successfully got the Orange County board of supervisors to scrap an emergency plan to relocate the homeless along the Santa Ana Riverbed into temporary housingquote:Hsieh, a tech company manager, said that he and his fellow demonstrators were compassionate, but “we just don't want to create more problems.” http://www.latimes.com/local/lanow/la-me-oc-homeless-20180327-story.html I guess now they just evaporate into the ether and are no longer a problem??? 
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Mar 27, 2018 20:56
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Cicero posted:I could've sworn there was a post on this exact topic somewhat recently from, like, Strong Towns or the Urbanist or City Observatory or Curbed or someplace similar, but now I can't find it. https://www.strongtowns.org/journal/2017/11/27/the-paradox-of-persistent-vacancies-and-high-prices
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Mar 27, 2018 21:03
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Aaaaaaa, thanks!
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Mar 27, 2018 21:06
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Love to run a "my dad says homeless people are all drug abusers" as a pull quote. Good job liberal media.
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Mar 27, 2018 22:21
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OC Resident chiming in - I'm really disappointed that the OC Board of Supervisors backed down on that plan. Huntington Beach's argument to not put theirs in made sense, because the site was a former landfill that was deemed uninhabitable. Irvine has zero loving reason to not put theirs in - their arguments were literally all just "it's going to devalue our homes." Some of the people at the meeting earlier last week were saying how they worked really hard to not have their kids grow up around homeless people, and how they just didn't want to see it. The most frustrating thing about all of this is that the county and cities don't have a plan - they're just proposing things which immediately turns into NIMBY argument. I live in Anaheim just up the street from where the camp was along the trail. I got into a few arguments with Irvine residents about this issues, with them repeatedly saying "well then put them in your backyard!" I would gladly shelter them in Anaheim if there was a place to do so. Irvine (and Laguna Niguel) seems to think the only areas they belong are in Santa Ana or Anaheim. The homeless vouchers of 30 days are going to run out, and who knows what they're going to do after that.
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Mar 27, 2018 22:57
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OC Board of Supervisors also just voted to join Trump's lawsuit against CA's sanctuary state status. Never been happier to leave OC behind than I am today.
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Mar 27, 2018 23:27
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Zuul the Cat posted:Irvine (and Laguna Niguel) seems to think the only areas they belong are in Santa Ana or Anaheim. because thats where the poors/mexicans live, meaning they're HELL on earth, and deserve to have all of the terrible hobos and drugs! fuckin bougie suburbanites gently caress irivine 
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Mar 27, 2018 23:27
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What's so frustrating is that OC is not just Irvine and Newport Beach. North OC, Garden Grove, Anaheim, Santa Ana, all great cities with vibrant minority communities and real cool and awesome stuff. But all these south coast assholes are just clinging on hard and ruining what should be a great part of the state.
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Mar 27, 2018 23:29
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WeIrvine, an Internet-based business that promotes Irvine to Chinese immigrants and helps them settle in the city, chartered 24 buses to take residents to the county meeting, WeIrvine Vice President Zhihai Li said. The buses, which took off from the Great Park and stopped at various Irvine neighborhoods, carried an estimated 1,200 resident to Santa Ana, Li said. companies bussing in their clients to council meetings, lol get hosed FCKGW fucked around with this message at 23:34 on Mar 27, 2018 |
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Mar 27, 2018 23:31
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Every OC piece of poo poo would rather have a rich authoritarian Chinese national around than a homeless person, so it seems like a match made in heaven.
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Mar 27, 2018 23:40
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Smythe posted:im watvhing this gubernatorial debate and its pretty funny. delaine eastin is owning which is cool i think. is she good? she seems cool. idk. Eastin is cool and good and also polling at like ~3%. Bow down to God-Governor Newsom.
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Mar 27, 2018 23:48
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Sydin posted:Eastin is cool and good and also polling at like ~3%. Bow down to God-Governor Newsom. I like Chiang, but he's polling about the same. https://www.sfchronicle.com/news/article/Gavin-Newsom-s-No-1-election-wish-A-12778008.php
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Mar 28, 2018 01:37
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FCKGW posted:Ava said. “My dad says there are needles everywhere where the homeless live." So compassionate 
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Mar 28, 2018 02:08
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Skyscraper posted:Even assuming YIMBY just makes more luxury units, isn't that a good thing? Wouldn't that drive down the value of the currently vacant luxury units? The half of the argument that typically goes unaddressed is that even if developers only ever make luxury units and their prices stay at luxury unit prices and they post NO POORS signs in their lobbies, every person who rents from them isn't outbidding someone else for the twenty-year-old shitbox down the block.
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Mar 28, 2018 02:28
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raminasi posted:The half of the argument that typically goes unaddressed is that even if developers only ever make luxury units and their prices stay at luxury unit prices and they post NO POORS signs in their lobbies, every person who rents from them isn't outbidding someone else for the twenty-year-old shitbox down the block. This doesn't seem to square up with there being 18,000 empty luxury units in SF (per previous poster; I haven't checked that stat). With that many luxury units empty and low/mid-tier rents continuing to climb, it would seem to mean that people are continuing to outbid lower-income tenants on the shitboxes, rather than rent the luxury units. Why would even more luxury units change that, if nobody's renting the current luxury units?
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Mar 28, 2018 06:07
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The home values must flow
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Mar 28, 2018 06:29
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If people aren't renting the current luxury apartments on the market why do they keep building them?
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Mar 28, 2018 06:32
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Squalid posted:If people aren't renting the current luxury apartments on the market why do they keep building them? Are they all on the rental market, or are they just empty because the owners don't want to rent them out (because they're an investment proprety/vacation rental instead)?
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Mar 28, 2018 06:41
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relevant, but PG&E is a massive piece of poo poo obstructing SF construction out of spite and shittiness https://www.sfchronicle.com/bayarea/article/SF-complains-PG-E-is-holding-up-major-projects-12786362.php i really hope we can just put out a statewide-energy utility at some point and they can go get hosed forever e: Also I'm not convinced there are actually 18k luxury apartments intended for renting sitting empty. I'm sure theres a shitton of luxury condos to own that are empty (probably low four-figures range) because investment vehicles, vacation homes, too much money-people, etc. Xaris fucked around with this message at 07:09 on Mar 28, 2018 |
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Mar 28, 2018 07:02
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Squalid posted:If people aren't renting the current luxury apartments on the market why do they keep building them? If you figure out where the fuckers hid all the sanity, let us know so we can spread a little around. 
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Mar 28, 2018 07:04
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Squalid posted:If people aren't renting the current luxury apartments on the market why do they keep building them? Also unlicensed hotels.
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Mar 28, 2018 13:45
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Xaris posted:relevant, but PG&E is a massive piece of poo poo obstructing SF construction out of spite and shittiness They're doing a massive PR campaign on television to repair their image after the Napa fires. So awesome for the energy monopoly to be spending our power bills on lovely commercials.
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Mar 28, 2018 15:55
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Nationalize PG&E
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Mar 28, 2018 16:05
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Sundae posted:This doesn't seem to square up with there being 18,000 empty luxury units in SF (per previous poster; I haven't checked that stat). With that many luxury units empty and low/mid-tier rents continuing to climb, it would seem to mean that people are continuing to outbid lower-income tenants on the shitboxes, rather than rent the luxury units. Why would even more luxury units change that, if nobody's renting the current luxury units? raminasi fucked around with this message at 02:09 on Mar 29, 2018 |
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Mar 28, 2018 16:20
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Sundae posted:This doesn't seem to square up with there being 18,000 empty luxury units in SF (per previous poster; I haven't checked that stat). With that many luxury units empty and low/mid-tier rents continuing to climb, it would seem to mean that people are continuing to outbid lower-income tenants on the shitboxes, rather than rent the luxury units. Why would even more luxury units change that, if nobody's renting the current luxury units? This figure comes from a SPUR report. It includes second homes, which make up about half of the "vacancies". Second homes, while gross, aren't part of rental stock. A very large portion of the vacancies are older rent control eligible units which haven't changed ownership in a long time. Holding a property vacant makes a lot more sense if the property tax assessment is 30 years old. This figure is deliberately misrepresented to claim that new construction isn't getting leased up. The SPUR report found 4 of 1,954 condos identified as "investment properties" which were not occupied by either the owner or a renter. IF all of these new luxury condos weren't being occupied by rich people, that's still better for the city than not allowing them, because then they get to collect the dev fees and the freshly assessed property taxes without having to provide any increased services. The logic which says "don't build new units, because they will stay empty and rich people will continue to displace long time residents at the same rate" falls apart on closer examination. Buildings don't ruin cities. A vacancy tax, on rent control eligible properties, which ratchets up the longer rentable units aren't leased isn't a bad idea, but it's not all that often talked about. Implementation of that would be prone to court challenges. edit: spelling mitsake. Hermsgervørden fucked around with this message at 18:28 on Mar 28, 2018 |
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Mar 28, 2018 18:18
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Hermsgervørden posted:This figure comes from a SPUR report. It includes second homes, which make up about half of the "vacancies". Second homes, while gross, aren't part of rental stock. A very large portion of the vacancies are older rent control eligible units which haven't changed ownership in a long time. Holding a property vacant makes a lot more sense if the property tax assessment is 30 years old. This figure is deliberately misrepresented to claim that new construction isn't getting leased up. The SPUR report found 4 of 1,954 condos identified as "investment properties" which were not occupied by either the owner or a renter. Thanks for this. Makes more sense. Agreed on the rest of your post re: vacancy taxes, though I'd still rather either eliminate Prop 13 or start a guillotine factory.
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Mar 28, 2018 18:32
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Sundae posted:Thanks for this. Makes more sense. Whynotboth.gif
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Mar 28, 2018 18:34
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Hey if you want your blood to boil read this article. http://www.berkeleyside.com/2018/02/27/proposed-el-cerrito-housing-10-affordable-units-meets-opposition-locals Pay special attention to the simulated picture of how much this building would "block views".
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Mar 28, 2018 18:59
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Megaman's Jockstrap posted:Hey if you want your blood to boil read this article. quote:Though Fortini said her own view wouldn’t be affected, she wrote, “If this passes, it’s only a matter of time before other similar projects are railroaded through, one of which may well block my view one day.”
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Mar 28, 2018 19:23
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Admiral Ray posted:Though Fortini said her own view wouldn’t be affected, she wrote, “If this passes, it’s only a matter of time before other similar projects are railroaded through, one of which may well block my view one day.” Guillotine is too good for her. Bring out the woodchippers.
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Mar 28, 2018 19:55
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Sundae posted:Guillotine is too good for her. Bring out the woodchippers. Feet first
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Mar 28, 2018 20:26
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OC Board of Supervisors agrees to build camps for the homeless in Irvine, then back pedals when the rich folks get mad. But full steam ahead on this dumb poo poo: https://voiceofoc.org/2018/03/oc-to-join-federal-lawsuit-against-california-sanctuary-laws/ I seriously do not understand how these people were voted in. The utter contempt for constituents and the way they talk to people at these meetings is loving baffling.
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Mar 28, 2018 20:36
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