A question I have heard a lot lately is “why can’t developers build housing for the people who need it most instead of for the rich.” Let’s look at what a typical multi-family development project in a reasonably central part of San Francisco would cost to build (in a very simplified way). I’m assuming an 800 square foot apartment in a five story 100 unit wood-framed building over a concrete first story (very common in San Francisco)... — markasaurus.com
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Our society is just not working these days. People need to be paid more.
^ Some people are paid waaaaaaaaaaaaaaaaaaaaaay too much while others get squat.
“why can’t developers build housing for the people who need it most instead of for the rich.”
Because there isn't any money in it. Duh. Capitalism.
Exactly. Not everyone needs to get paid more, and some people need to be paid A LOT less.
I live in Oakland - in a tiny 300 SF studio - across the bay in SF, the internet programmers make 2.5 to 3 times what the under 5 year exp. non licensed architect makes - in today's Chronicle was a big article about this very issue -
http://www.sfgate.com/realestate/article/Rents-soaring-across-region-4924282.php
Donna I agree - we do need to get paid more - either that or I need to A. leave the Bay area, B. get Licensed, C. go back to the video game industry where I was making 90k/yr.- I regret having worked for free to get back into architecture - doing so undermined my pay level - and I complain about bay area rent prices?
I spend my days and sometimes nights designing condos that I will never afford for programmers that design the latest wowie zowie social app that get paid 80 - 120k - things could be worse - we can go back to the recession era.
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