Quote:
Originally Posted by Crawford
I'm not saying multifamily lowers property values, but rather the only way you could make SFH cheaper is by making CA less desirable. And I don't think the housing shortage can really be fixed via multifamily, as that doesn't appear to be in short supply.
Yeah, obviously in SF and the like, urban-style multifamily holds great appeal. But I'm not sure that the same people bidding up $2 million ranches in Cupertino will be persuaded to live in multifamily.
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I certainly haven't seen evidence of multi-family not selling? Do you have some links of condos on the peninsula selling for low price per sqft amounts? Or listing for low price per sqft amounts and not selling?
(I'd be curious to buy them and rent them out if they exist, but I've never seen such a thing)