Quick math here would be that Charlotte would have to get to around 980,000 to match Raleigh’s current density. So maybe by the end of the decade if 2010s growth stayed the same. Except that presupposes Raleigh stops growing. So at best maybe the better part of two decades.
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i thought it was location location etc that generally drive real estate…newness wasnt much of a factor?
If you’re talking about rentals, it’s newness (amenities play a role in this). General resell real estate is less about newness.
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you may be right. when i lived in charlotte for a while i would have chosen some older units called selwyn (like built in the 60s) but couldn’t afford them and moved into some much newer units that i didnt like as much.
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Ohhh, now I know why they have the most homeless people in America.
That’s Palo Alto, with a poverty rate less than half of Raleigh’s, and median household incomes 2.5X that of Raleigh. There are clearly people who can’t afford to buy homes in the town but I wouldn’t say that they have people living in the streets.
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I was in town two weeks ago, it’s not looking as good as it used to. Mo money, mo problems.
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Well, I’ll give him the point that housing unaffordability in the greater Bay Area, of which that obscene listing is a symptom, is a major factor in their homeless epidemic. Even if the actual homeless camps are in SF and Oakland.
Yet this interactive says that the San Jose market, of which Palo Alto is part of, is not overvalued and Raleigh is.
Look, I grew up in the south Bay and I work for a Silicon Valley company. I have zero affection for the area today and will never return there, but supply and demand drives up costs and there still is limited supply. This is especially true for high demand places like Palo Alto. If someone’s willing to pay that price, that’s all that matters. While prices are definitely sky high in the south Bay, that price is not indicative of what you’d get in other places in the valley. San Jose itself, while high, is half that price. https://www.zillow.com/homedetails/1711-Hallmark-Ln-San-Jose-CA-95124/19695468_zpid/
https://www.zillow.com/homedetails/354-Bluefield-Dr-San-Jose-CA-95136/19705592_zpid/
https://www.zillow.com/homedetails/376-Arleta-Ave-San-Jose-CA-95128/19585178_zpid/
On the other hand, towns like Palo Alto, Cupertino, Los Gatos, Saratoga, etc. are substantially higher.
https://www.zillow.com/homedetails/10395-Judy-Ave-Cupertino-CA-95014/19643611_zpid/
https://www.zillow.com/homedetails/12440-Titus-Ave-Saratoga-CA-95070/19651766_zpid/
https://www.zillow.com/homedetails/227-Nob-Hill-Way-Los-Gatos-CA-95032/19679486_zpid/
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This could be an option if you love dystopian living.
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That thing is a giant cruise ship stuck in the sand.
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i thought there was an article on this board many weeks ago about the Hyatt behind Bahama breeze being tuned into… something other than a hotel? was i wrong or is that structure a candidate for some type of non-affordable housing? comparison. this structure in reno, nv was a former casino/hotel, the renowned silver club!.. turned into mostly studio apts at around 1000/usd per month 4.5 years ago for a lot of incoming tech grads from California and not too far from tesla/Panasonic. nice shellacked concrete floors.
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This article is a year old, but it discusses how housing affordability affects many other significant problems, and why building more housing needs to be a priority especially in desirable places (like Raleigh). It’s about a 15 minute read but worthwhile when you have the time.
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For me, the key here is making a city a nice place to be through density in housing. This is where Raleigh really has an opportunity to differentiate itself and change its brand as a boring suburban style city. While the majority will clearly remain suburban for many decades to come, creating a housing dense core has the real possibility to change how people see the city. It’s a win/win in my opinion.
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Build more housing!
Good thread on homelessness that addresses some data
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Does anyone know how competitive (and also, how rough) the subleasing market is here? I saw this CityLab article on how people in Stockholm have to compete for rent-controlled apartments and are forced to sublease in less-than-ideal conditions, and it made me wonder how the Triangle’s doing…
(Also, wrong thread, but it seems like commercial real estate in the Triangle has a similar problem too.)
Eligibility Criteria
Conventional Public Housing
Minimum Eligibility Criteria:
The applicant must meet the below listed minimum eligibility criteria:
Individual or family with household income less than 80% of the local area median income.
Meet citizenship/eligible immigration status. i found this here, i guess its true? https://www.rhaonline.com/public-housing/eligibility-criteria-for-public-housing/
i sometimes compare Raleigh to yonkers NY if Raleigh got to near (even if 8k peeps per square mile) 12k peeps per sq mi which yonkers is at. yonkers seems to have 22 properties devoted to 'affordable housing" Properties – Municipal Housing Authority and some that appear to be above 5 stories. is this the model that which Raleigh should be shooting for at just under 4k people per square mile with ever increasing density and growth? https://www.rhaonline.com/public-housing/eligibility-criteria-for-public-housing/ ? i still seem to notice vibrant car traffic and a good amount of busses in yonkers when i see videos of traffic there.
Driving Downtown Yonkers, New York 4k - YouTube im sure raleigh cant wait.
more raleigh? Yonkers, NY | Full length of Broadway - South side to north side | westchester County - YouTube
if i recall the most recent city council meeting had a property on louisburg rd (z2451) in which the developer requested a zoning change to make the property denser and ensure a ‘10 percent affordable housing’ promise. is this a rather bold move for a suburbanish developer and possibly a model many new developments might pursue regardless of location or proximity to downtown…as most jobs arent downtown anyway? at 55:40 Raleigh City Council Afternoon Meeting - October 18, 2022 - YouTube
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