Revision as of 02:32, 25 October 2021

Data

Cheapest new house is $94/sf at $200k - [1]
Median house cost - $128k Mayville mo. [2].
South midwest and south east, at $250k around for median price. [3]
Detroit is like 1/3 the average housing cost! [4]
Cost of low rent afforded by the poorest people makes apartment operating cost unsustainable? [5]
Tax credits apply to those whose income is 60% of median [6]
Extremely low income means 30% of median (AMI) [7]
Current standard for affordability: no more than 30% of gross income [8]
60% of median rent in Denver is $900/mo. [9]
Favela property values are on the rise and speculation + forced removals are in. [10]
It costs $10M on average to build a 50 unit apartment. [11]
For apartment building - 20% is land, 40% construction. About 50% is capital and soft costs. About $70k/unit for construction, not including land. Average apartment is 900 sf. average $125/sf for construction. [12]
Management expenses for apartments are 3-7% [13]. Ex. $25k for a complex that makes $500k/year. Also, cap rate is ratio of return after operating expenses to what you paid.
Kanye West got into homeless housing, but no substance is apparent online -[14]
Zero-down loans do exist - for rural homes, and veterans, and native Americans [15]
Brookings Institution suggestions - good ones. One is a call for transparency of build (open source). [16]
It costs $100-200/sf to build a house. [17]

KC situation. Affordable is rent only of $700. [18]. If SEH costs $100k, can we do rehnt at $700/month? Link to a guy building affordable homes, 5 per year.
Inclusionary (affordable) zoning - actually increases housing costs? [19]
Essential conflict of interest between big builder profits and affordability? [20]

Habitat does CEO Builds - [21]. May not scale well without Extreme Manufacturing principles

Apartment complex economics. $700/mo. One year at $8.4k. Works with free land and utilities using Radical Waste Treatment.

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+#Cheapest new house is $94/sf at $200k - [https://www.apartmenttherapy.com/cheapest-states-to-buy-a-house-36672551]
 #Median house cost - $128k Mayville mo. [https://www.rockethomes.com/blog/housing-market/the-7-most-affordable-big-cities-in-the-us-and-what-they-really-cost].
 #South midwest and south east, at $250k around for median price. [https://www.rockethomes.com/blog/housing-market/the-7-most-affordable-big-cities-in-the-us-and-what-they-really-cost]