Rent prices around the nation continued to climb in April, but costs are especially burdensome for Angelenos, who need to make in excess of $100,000 a year to comfortably live and pay their landlor…
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.
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.
Is there a big nimby resistance to residential towers?
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.
I think you can have towers in residential areas too.
I think you spelt “REIT dividends” wrong.
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.