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Detroit and Cleveland have cheap housing but anemic growth because the economy isn't good. "But that's different! People are going to move out because of the cold weather!" New Orleans metro has good weather but it isn't growing terribly fast either, because the economy there isn't good. "Yeah, New Orleans has good weather until it floods, so it's the floods scaring people away!" Greater Houston flooded during Harvey, and it's still growing fast. It so happens that Greater Houston has a stronger economy than NOLA or the Rust Belt. So yes, corporate growth matters. Even if San Diego became super YIMBY from now on, the business unfriendly policies of California would continue to drive businesses away from the state. And the latest in taxation: SANDAG proposes charging builders more to build in sprawly suburbs than in the urban core. I mean SANDAG has some great ideas for transit (the airport APM) but this is not one of them. This will only add to the cost of housing. Families with kids won't choose a Downtown apartment instead of a suburban SFH, because Downtown (and Mission Valley) have poor public schools. They're going to pack up and move to the suburbs of Dallas where they'll contribute to even more suburban sprawl. That's why I believe improving inner city education and quality of life to attract families is one of the biggest tools in our arsenal to fight sprawl. Lots of families would love to not have to drive everywhere and upkeep a gigantic SFH. Problem is dense urban areas in the US are overwhelmingly filled with failing schools, high crime, and/or homelessness. So families see no choice but to live in the burbs. |
Tailgate Park Now Residential
Hot off the press!
San Diego Padres offer $35M for Tailgate Park, planning $1.5B residential project BY JENNIFER VAN GROVE MARCH 3, 2022 2:29 PM PT The San Diego Union-Tribune Quote:
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The significant majority of people will say cost of living and cheaper housing is the number 1 reason they move, followed by a job. Most families don’t live in downtowns around the country is some combination of space and schools. It’s hard to afford space in downtowns, and for decades we have subsidized highways and the growth of those suburbs with more space. Personally I would stop subsidizing that type of growth and put that money towards schools and affordable housing. |
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I have a hunch that all these new condo/apartment towers are filled with a lot more remote workers and rich retirees than in your average neighborhood. Am I right? Because remote workers and retirees tend not to take many trips and therefore don't contribute to ridership. |
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Padres development team offers $35M for Tailgate Park, plans $1.5B residential project March 3, 2022 Jennifer Van Grove Quote:
https://archive.ph/Lpxco/048ad713edd...f55e89ee5.webp |
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I know post-COVID, teleworking is big. But look at Austin. It's still getting a ton of office skyscrapers. Maybe not as much as it would if COVID never happened, but still a lot. Which shows that if San Diego wants more office TOD, it's going to need to economically diversify beyond tourism and bring big corps who will demand big campuses near transit. Turns out NIMBYs may be bad but the biggest barrier to office TOD isn't NIMBYs, it's California's businesses hostile policies that curb office demand. Little office demand means developers build less office. Simple. |
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Thank goodness. |
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As far as office/residential goes, I go with the option that brings down the cost of housing.
More condos, increases supply, lowers prices. Right? |
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Average income is $68,000. Median home price January $764,000. |
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Is 7th/Market (Ritz Carlton hotel project) dead?
I can’t believe that prime site is STILL a surface parking lot. At what point can new plans be worked on? This is turning into another Manchester disaster. That prime bay front land rotted for years and years while Manchester sat on it with his lofty plans, then when he finally started his big development he couldn’t even finish it. |
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Waterfront - nope. Gaslamp - nope. Fronting a large city park - nope. Near the convention center - nope. Near the core of office towers and courts - nope. Busy, street with busses - yep. Homeless, street people presence - yep. I would scrap the Ritz and replace it with something that will work right away. A mixed use, apartments, maybe a smaller boutique hotel with ground floor retail. |
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