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Why do ppl w middle class salaries rent luxury apartments

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Grant William Robicheaux MD
  11/08/18
http://autoadmit.com/thread.php?thread_id=4127908&mc=1&a...
..,.,.,.,.,..,,,,,...,.,.,...,..,.,,,,,,
  11/08/18
Salary for “middle class”? Cost of luxury apartm...
.,.,...,..,.,..:,,:,...,:::,...,:,.,.:..:.,:,::,.
  11/08/18
$90,000 for a couple $50,000 for one person 1 bedroom/1 ...
Grant William Robicheaux MD
  11/08/18
Who does this? Don't you need income 3x rent for most places...
.........,,;,;,;,,,............,,;,;;,.;.
  11/08/18
50,000 for one person is not middle class. 80k is the low...
Wilbur Mercer, the supreme gentleman
  11/08/18
only like 20% of americans earn more than 80k are you say...
Grant William Robicheaux MD
  11/08/18
not really a controversial thing to say
Wilbur Mercer, the supreme gentleman
  11/08/18
but it's a depressing thing to say
Grant William Robicheaux MD
  11/08/18
...
dirte
  11/08/18
...
Obongo
  11/08/18
...
Taylor Swift was not a hobby she was a lifestyle
  11/08/18
50 is lower middle
leolenin
  11/08/18
wrong
Wilbur Mercer, the supreme gentleman
  11/08/18
Well obviously it's different in different places. Most plac...
leolenin
  11/08/18
50K is lower middle in most places.
Obongo
  11/08/18
Lol at this delusion
Morning In America
  11/08/18
...
Grant William Robicheaux MD
  11/08/18
...
Morning In America
  11/08/18
not everyone lives in nyc, dc, or the bay area
no waste raw vegan
  11/08/18
I live in the USA's cheapest city and could not afford a mid...
Wilbur Mercer, the supreme gentleman
  11/08/18
then you have a warped idea of what a middle class lifestyle...
no waste raw vegan
  11/08/18
maybe you are overspending . how about not buying a new c...
Grant William Robicheaux MD
  11/08/18
I drive a 2000 Lincoln Town Car which I bought in 2013 after...
Wilbur Mercer, the supreme gentleman
  11/08/18
Sorry friend, LOLing addy this thought. That said, very fru...
dirte
  11/08/18
180. I love those cars. My car has 230K miles on it cu...
Obongo
  11/08/18
...
Wilbur Mercer, the supreme gentleman
  11/08/18
$30k doesnt get you that much car anymore. 30k is a camry w...
The Buzz Aldrin Spacelaw Fellowship
  11/08/18
aka an ALPHA MUSCLE CAR to nyuug
Taylor Swift was not a hobby she was a lifestyle
  11/08/18
it's true. $30k is a standard middle class car. My wife's ou...
Dupa
  11/08/18
no you don't
.,,,.,.,,...,.,:,:,,...,::,...,:,....:..,:.::,.
  11/08/18
lol, if "city" = 1mil pop+ maybe.
Andrew Jackson's record of tremendous success
  11/08/18
80k is a fuckload of money. The average person makes less th...
CapTTTainFalcon
  11/08/18
$90K couple has a choice between a shitty 1br to save like $...
.,,,.,.,,...,.,:,:,,...,::,...,:,....:..,:.::,.
  11/08/18
How about get an apartment that is not 'luxury'
Grant William Robicheaux MD
  11/08/18
my shitty vs. nice distinction is more like stuff like share...
.,,,.,.,,...,.,:,:,,...,::,...,:,....:..,:.::,.
  11/08/18
(my gf)
Mormon missionary (only posts on WSHH and xo)
  11/08/18
...
Grant William Robicheaux MD
  11/08/18
...
Grant William Robicheaux MD
  11/08/18
They're the only apartments available anymore, especially if...
(\/)(;,,;)(\/)
  11/08/18
titcr
Sir Incelot
  11/08/18
...
Metal Up Your Ass
  11/08/18
Crtitcr its incredible
leolenin
  11/08/18
titcr wapo had an article about this last week, almost ev...
ma anand sheela
  11/08/18
This has to be the next bubble
Sir Incelot
  11/08/18
cr. "luxury" just means silver colored appliances,...
Baron Mark von Ironside
  11/08/18
...
Grant William Robicheaux MD
  11/08/18
It does "feel" nice compared to the apartments I'm...
(\/)(;,,;)(\/)
  11/08/18
It also generally means only minorities are Indians and Asia...
JewJew Smith-Shyster
  11/08/18
I live in one of those "luxury" apartments that we...
Taylor Swift was not a hobby she was a lifestyle
  11/08/18
...
Grant William Robicheaux MD
  11/08/18
...
TRUMP rulez
  11/08/18
...
Grant William Robicheaux MD
  11/08/18
because luxury apartments are the only things that are being...
.,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,.
  11/08/18
LJL wrong. They're being built by mexicans who are using the...
Taylor Swift was not a hobby she was a lifestyle
  11/08/18
...
and when i started to squeeze the bar brother
  11/08/18
the fuck is a luxury vs non luxe apt
Non sequitur
  11/08/18
If entrances to individual apartments are on exterior, it's ...
(\/)(;,,;)(\/)
  11/08/18
A big part of my job is to "spec and mass" potenti...
.,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,.
  11/08/18
...
.,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,.
  11/08/18
...
Thunder Collins
  11/08/18
I thought this was your original thought until I got to the ...
Sir Incelot
  11/08/18
Seems to be a subtle way of saying "I fucking hate deal...
(\/)(;,,;)(\/)
  11/08/18
dude fuck copying some reddit queer's rant and acting like i...
.,,,.,.,,...,.,:,:,,...,::,...,:,....:..,:.::,.
  11/08/18
...
melena
  11/08/18
...
Grant William Robicheaux MD
  11/08/18
Replace the living room with a garage for the car
Morning In America
  11/08/18
proles, strivers, dumbs
aunt jemima
  11/08/18
Where else will they live? It's that or have roommates or ha...
(\/)(;,,;)(\/)
  11/08/18
average (not "luxury") apartments? Who really nee...
aunt jemima
  11/08/18
Did you see the rest of this thread? They don't exist
(\/)(;,,;)(\/)
  11/08/18
...
Grant William Robicheaux MD
  11/08/18
Urban middle class childless white couples renting will help...
Sir Incelot
  11/08/18
Idk why do I rent a studio walk-up? because fuck you that's ...
Oh, you travel?
  11/08/18
This is me except we make a combined 130k and pay 2400/mnth ...
Mormon missionary (only posts on WSHH and xo)
  11/08/18
Are u in your 30s?
Grant William Robicheaux MD
  11/08/18
20s
Mormon missionary (only posts on WSHH and xo)
  11/08/18
180
Grant William Robicheaux MD
  11/08/18
that sounds horrible.
Dupa
  11/08/18
cost of not having to live next to minorities
Maori woman performing defiant haka
  11/08/18
most "luxury" apartments accept section 8
Taylor Swift was not a hobby she was a lifestyle
  11/08/18
Most "luxury" apartments are similar to tract home...
corporate slave posting from a bathroom
  11/08/18
Why do ppl still buy into this $cam
Grant William Robicheaux MD
  11/08/18
They're still new and clean and have cool amenities and gene...
corporate slave posting from a bathroom
  11/08/18
It’s just a ruse by idiot realtors. Price is about loc...
community_account
  11/08/18
YOLO
USSS Hillenkoetter
  11/08/18
ITT: third world real estate discussion
nyuug
  11/08/18
Never understood this. Most modern "luxury" apartm...
XIV
  11/08/18
Every apartment is a "luxury" apartment. It's adve...
..............;...................
  11/08/18


Poast new message in this thread



Reply Favorite

Date: November 8th, 2018 8:07 AM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37187537)



Reply Favorite

Date: November 8th, 2018 3:03 PM
Author: ..,.,.,.,.,..,,,,,...,.,.,...,..,.,,,,,,


http://autoadmit.com/thread.php?thread_id=4127908&mc=1&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191275)



Reply Favorite

Date: November 8th, 2018 8:17 AM
Author: .,.,...,..,.,..:,,:,...,:::,...,:,.,.:..:.,:,::,.


Salary for “middle class”? Cost of luxury apartment?

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37187559)



Reply Favorite

Date: November 8th, 2018 8:18 AM
Author: Grant William Robicheaux MD

$90,000 for a couple

$50,000 for one person

1 bedroom/1 bathroom = $2,300/month



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37187567)



Reply Favorite

Date: November 8th, 2018 10:41 AM
Author: .........,,;,;,;,,,............,,;,;;,.;.


Who does this? Don't you need income 3x rent for most places?

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188868)



Reply Favorite

Date: November 8th, 2018 10:42 AM
Author: Wilbur Mercer, the supreme gentleman

50,000 for one person is not middle class.

80k is the lower bound of middle class

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188881)



Reply Favorite

Date: November 8th, 2018 10:49 AM
Author: Grant William Robicheaux MD

only like 20% of americans earn more than 80k

are you saying the middle class doesn't exist anymore?

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188960)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: Wilbur Mercer, the supreme gentleman

not really a controversial thing to say

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188968)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: Grant William Robicheaux MD

but it's a depressing thing to say

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188985)



Reply Favorite

Date: November 8th, 2018 11:50 AM
Author: dirte



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189494)



Reply Favorite

Date: November 8th, 2018 11:58 AM
Author: Obongo



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189561)



Reply Favorite

Date: November 8th, 2018 2:59 PM
Author: Taylor Swift was not a hobby she was a lifestyle



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191241)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: leolenin

50 is lower middle

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188964)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: Wilbur Mercer, the supreme gentleman

wrong

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188969)



Reply Favorite

Date: November 8th, 2018 10:51 AM
Author: leolenin

Well obviously it's different in different places. Most places 50 is lower middle but it's not in places where rent is 2.3k

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188996)



Reply Favorite

Date: November 8th, 2018 11:58 AM
Author: Obongo

50K is lower middle in most places.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189566)



Reply Favorite

Date: November 8th, 2018 3:17 PM
Author: Morning In America (馃檹 )

Lol at this delusion

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191382)



Reply Favorite

Date: November 8th, 2018 3:22 PM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191422)



Reply Favorite

Date: November 8th, 2018 3:17 PM
Author: Morning In America (馃檹 )



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191380)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: no waste raw vegan

not everyone lives in nyc, dc, or the bay area

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188974)



Reply Favorite

Date: November 8th, 2018 10:51 AM
Author: Wilbur Mercer, the supreme gentleman

I live in the USA's cheapest city and could not afford a middle class lifestyle on 50k

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188991)



Reply Favorite

Date: November 8th, 2018 10:52 AM
Author: no waste raw vegan

then you have a warped idea of what a middle class lifestyle is

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189007)



Reply Favorite

Date: November 8th, 2018 10:52 AM
Author: Grant William Robicheaux MD

maybe you are overspending .

how about not buying a new car worth 30k

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189009)



Reply Favorite

Date: November 8th, 2018 10:54 AM
Author: Wilbur Mercer, the supreme gentleman

I drive a 2000 Lincoln Town Car which I bought in 2013 after the gas tank fell off my 97 Continental

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189023)



Reply Favorite

Date: November 8th, 2018 11:51 AM
Author: dirte

Sorry friend, LOLing addy this thought. That said, very frugal of you.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189506)



Reply Favorite

Date: November 8th, 2018 12:00 PM
Author: Obongo

180. I love those cars.

My car has 230K miles on it currently and it is a 2009 Taurus and I bought it in 2011 for about $17K. I'll replace it at 300K. That's about 12 times around the earth's equator.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189577)



Reply Favorite

Date: November 8th, 2018 1:02 PM
Author: Wilbur Mercer, the supreme gentleman



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190109)



Reply Favorite

Date: November 8th, 2018 11:38 AM
Author: The Buzz Aldrin Spacelaw Fellowship

$30k doesnt get you that much car anymore. 30k is a camry with a v6.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189378)



Reply Favorite

Date: November 8th, 2018 3:15 PM
Author: Taylor Swift was not a hobby she was a lifestyle

aka an ALPHA MUSCLE CAR to nyuug

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191368)



Reply Favorite

Date: November 8th, 2018 10:50 PM
Author: Dupa (bloodacre@gmail.com)

it's true. $30k is a standard middle class car. My wife's outback cost about that much.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194401)



Reply Favorite

Date: November 8th, 2018 10:54 AM
Author: .,,,.,.,,...,.,:,:,,...,::,...,:,....:..,:.::,.


no you don't

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189025)



Reply Favorite

Date: November 8th, 2018 11:59 AM
Author: Andrew Jackson's record of tremendous success

lol, if "city" = 1mil pop+ maybe.



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189573)



Reply Favorite

Date: November 8th, 2018 10:58 PM
Author: CapTTTainFalcon

80k is a fuckload of money. The average person makes less than 30k and 60k is the median household income.

http://www.pewresearch.org/fact-tank/2018/09/06/are-you-in-the-american-middle-class/

"Middle-income households – those with an income that is two-thirds to double the U.S. median household income – had incomes ranging from about $45,200 to $135,600 in 2016."

This definition is absurd, because $136,000 would put your household in better shape than 85% of households.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194451)



Reply Favorite

Date: November 8th, 2018 10:53 AM
Author: .,,,.,.,,...,.,:,:,,...,::,...,:,....:..,:.::,.


$90K couple has a choice between a shitty 1br to save like $400 a month, a shitty 2br that will probably cost more, or the nice 1br. nice 1br is probably the credited move.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189021)



Reply Favorite

Date: November 8th, 2018 11:25 AM
Author: Grant William Robicheaux MD

How about get an apartment that is not 'luxury'

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189250)



Reply Favorite

Date: November 8th, 2018 1:06 PM
Author: .,,,.,.,,...,.,:,:,,...,::,...,:,....:..,:.::,.


my shitty vs. nice distinction is more like stuff like shared vs. in unit laundry, big enough living space/bathoom/closets/etc, decent parking, better access to transit. paying a premium for some big building that has stainless appliances and nice "amenities" I agree is dumb.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190165)



Reply Favorite

Date: November 8th, 2018 12:33 PM
Author: Mormon missionary (only posts on WSHH and xo)

(my gf)

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189851)



Reply Favorite

Date: November 8th, 2018 10:22 AM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188700)



Reply Favorite

Date: November 8th, 2018 10:39 AM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188844)



Reply Favorite

Date: November 8th, 2018 10:43 AM
Author: (\/)(;,,;)(\/) (馃)

They're the only apartments available anymore, especially if you don't want to live in a "diverse" neighborhood

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188889)



Reply Favorite

Date: November 8th, 2018 10:49 AM
Author: Sir Incelot

titcr

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188951)



Reply Favorite

Date: November 8th, 2018 10:49 AM
Author: Metal Up Your Ass



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188961)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: leolenin

Crtitcr its incredible

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188978)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: ma anand sheela

titcr

wapo had an article about this last week, almost every apartment complex approved in DC/VA in the last five years has had "luxury" in the marketing materials

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188967)



Reply Favorite

Date: November 8th, 2018 11:39 AM
Author: Sir Incelot

This has to be the next bubble

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189391)



Reply Favorite

Date: November 8th, 2018 11:40 AM
Author: Baron Mark von Ironside

cr. "luxury" just means silver colored appliances, a thin slab of the cheapest granite available, and a few token "common amenities"

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189395)



Reply Favorite

Date: November 8th, 2018 11:41 AM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189404)



Reply Favorite

Date: November 8th, 2018 1:00 PM
Author: (\/)(;,,;)(\/) (馃)

It does "feel" nice compared to the apartments I'm used to tbf

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190083)



Reply Favorite

Date: November 8th, 2018 1:44 PM
Author: JewJew Smith-Shyster

It also generally means only minorities are Indians and Asians.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190562)



Reply Favorite

Date: November 8th, 2018 3:03 PM
Author: Taylor Swift was not a hobby she was a lifestyle

I live in one of those "luxury" apartments that went up seemingly overnight. This is what luxury prices bought me: https://i.imgur.com/smROiR6.mp4

The "community manager" strung me along for about six months and then, all of a sudden, the investors who bought the building sold it to another group of investors. That group of investors claims that we need to give them an opportunity to fix the problem and Florida law doesn't really give me any other choice but to move out.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191271)



Reply Favorite

Date: November 8th, 2018 10:45 PM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194379)



Reply Favorite

Date: November 8th, 2018 12:27 PM
Author: TRUMP rulez



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189796)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188977)



Reply Favorite

Date: November 8th, 2018 10:46 AM
Author: .,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,.


because luxury apartments are the only things that are being built due to the high cost of land and regulation.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188925)



Reply Favorite

Date: November 8th, 2018 3:06 PM
Author: Taylor Swift was not a hobby she was a lifestyle

LJL wrong. They're being built by mexicans who are using the absolute cheapest knock-off luxury materials available on alibaba. "Luxury" is a marketing gimmick and prole catnip.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191296)



Reply Favorite

Date: November 8th, 2018 11:01 PM
Author: and when i started to squeeze the bar brother (http://youtu.be/sqLsqHctThU)



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194462)



Reply Favorite

Date: November 8th, 2018 10:50 AM
Author: Non sequitur

the fuck is a luxury vs non luxe apt

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37188979)



Reply Favorite

Date: November 8th, 2018 1:01 PM
Author: (\/)(;,,;)(\/) (馃)

If entrances to individual apartments are on exterior, it's probably nonluxe/older. Newer/luxe apartments always seem to have interior entrances, also common spaces

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190101)



Reply Favorite

Date: November 8th, 2018 10:55 AM
Author: .,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,.


A big part of my job is to "spec and mass" potential new large scale developments for developers who are considering building in LA at a particular site. Understanding the code and limitations makes it pretty easy to understand why no developers in the city seem to be making the lower cost units everyone wants.

EVERYTHING built in LA is defined by parking, whether we like it or not. More specifically, everything is defined by our parking code. Los Angeles, unlike, say, New York, has extremely strict parking code for all residential occupancies. For all buildings in an R4 zone (AKA condos and rental units with more than 3 units) each unit is required to have 1 full size dedicated parking space. Compact spaces are not allowed, nor tandem spaces. In making our assessments as to required space for parking, the typical calculation is that each full parking stall will require 375sf of space (after considering not just the space itself but also the required drive aisle, egress, out of the structure, etc. So that 800sf apartment is actually 1175 sf to build.

But wait, there’s more! That parking space for each unit either has to be at ground level (which is the most valuable real estate on the whole project), or it has to be above or below ground. Going underground is astronomically expensive, primarily due to removing all that dirt, and the fact that earthquake zones such as LA have expensive requirements for structure below grade. Even going up above grade is problematic, given that the required dead load of vechile parking makes for expensive structure. So not only is 32% of your apartment just for your car and otherwise useless, but its also by far the most expensive part of that apartment to build.

Now we have to consider the required open space. Unlike most major urban cities such as New York or Chicago, Los Angeles has a requirement for each unit to have at minimum 100sf of planted open space on site. At least 50% of that open space must be “common open space”. What that means in real terms is that you are required, by code, to have a rooftop or podium garden on your building. As a developer you want as many balconies as possible, since you can charge more for a balcony and typically not so much for a nice communal garden / roofdeck. But even if you give every single unit a balcony, you STILL are required to have that stupid garden to a size of 50sf per unit. At least 25% of that garden must be planted with heavy plants / planter boxes that jack up your dead load and thus jack up the cost of the building’s structure.

So now that 800sf apartment you are building is actually a 1275sf apartment, with a garden and a large parking space.

Can we take at 800sf and divide it into smaller rooms? So a low income family could live there?

No we can’t. The required parking and open space are defined by the “number of habitable rooms” in the unit. Take that 1 bed room unit and make it a 3 bed room unit and now you have a requirement of 1.25 parking spaces (which rounds up) and 175sf of open space instead of just 100sf.

What if my apartment is right next to the metro? Do I still need all that parking?

In January 2013, LA enacted its first major parking reduction, essentially giving developers the option of replacing up to 15% of their required residential parking with bike parking if they are within 1500ft of a major light rail or metro station. However, these bike spaces must be “long term” spaces, which require locked cages, a dedicated bike servicing area. Also, each removed parking stall requires 4 bike spaces and all spaces must be at ground level, the most valuable real estate on the project. All this means that the trade is barely less costly than the parking spaces it replaces.

Another thing to consider with building near the metro is something called “street dedication”. A street dedication is the area between the existing street and the area on a building site that you are allowed to build on. Essentially its space the city is reserving for future expanding of the streets (for wider sidewalks, more lanes, etc. Because the city expects more traffic near these new metro stations, they have altered their plans to have much larger street dedications near the metro stations, squeezing the neighboring lots and raising the cost per square foot of each of these lots. Understandable, but it does not help the issue at hand.

OK, fine. So how affordable can I make my new rentals / condos??

All developers consider this as a cost per square foot (CSF). While all the parking and open space requirements make the CSF grow, lets just assume that its all the same. A modest, relatively affordable development might be $130 per sellable square foot to build and sold at $165 (these numbers are VERY oversimplified). If we built our tower in New York code, our cost to build would be $15,600,000. The same tower in Los Angeles would be $24,862,500 after the premium for shakeproofing and higher dead loading. Now we price both buildings at $165 per square foot, and sell all units. We get 19,800,000. That New York building makes us 4.2million. The Los Angeles building? You LOSE over 5 million dollars.

This is why you will never again see a new skyscraper in Los Angeles with condos selling for the lower middle class. They literally can’t build a legal building to code and charge acceptably without destroying their own business.

Just to break even, our developer for this project would need to charge $207 per square foot. Now consider the cost of land (all time high), cost of tower capable contractors in Los Angeles (at an all time high due to demand), as well as marketing, and paying your employees, architects, surveyors, required consultants over the course of multiple years. $300 per foot would be little more than break even. What if something goes wrong? A delay? What do you pay yourself and your investors?

TLDR: Los Angeles, right now, is simply incapable of building affordable rental and condo towers. The only way to make a new highrise building cost effective is to make luxury units, because what would be luxury amenities in New York or Chicago are required in Los Angeles by the building code, not optional. That was OK back when LA had cheap land and cheap construction, but our land and labor costs have caught up to other cities.

edit: adding this from something I wrote in the comments because I completely forgot to mention:

Traditionally, contracting was the best paying "blue collar" job out there, and to a certain extent it still is. If you were smart, hardworking, but didn't go to college, you started hauling bricks on a construction site and then worked your way up to general contractor over the course of years. Lots of the best GCs out there did this. But, as less and less of super capable kids DON'T go to college, there are less super capable 18 yearolds hauling bricks and 10 years later, less super capable GCs.

All that was manageable to an extent before the crash of 2008. Architecture (my job) was hit VERY hard, but it was the construction industry that was hit the hardest. A massive portion of the best (older and experienced) contractors left job sites, either to retire or go into consulting. Now that development has exploded and we need as many GCs as possible, we architects have to deal with less and less experienced contractors, who charge more and more.

While there are LOTs of guys and gals out there who can swing a hammer and go a good job on site, being the GC of a major project we are talking about is one of the hardest, most underappreciated jobs out there.

Its like conducting an orchestra where, for every missed note, thousands and sometimes millions of dollars are lost. Everything is timed down to the day, sometimes the hour. Hundreds of people, from suppliers to subs are involved. Any mistake will gouge you. Safety must be watched like a hawk or OSHA will eat you. Its a rare breed of construction worker who can handle this job, and they've never been in higher demand or shorter supply in Los Angeles. In 10 years this problem won't exist (we may have a surplus of good GCs actually), but right now its a dog fight getting the good ones to work with you. They have all the power and charge accordingly.

https://www.reddit.com/r/LosAngeles/comments/6lvwh4/im_an_architect_in_la_specializing_in_multifamily/

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189031)



Reply Favorite

Date: November 8th, 2018 11:25 AM
Author: .,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,.




(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189252)



Reply Favorite

Date: November 8th, 2018 11:44 AM
Author: Thunder Collins



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189443)



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Date: November 8th, 2018 11:47 AM
Author: Sir Incelot

I thought this was your original thought until I got to the end 馃槬

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189472)



Reply Favorite

Date: November 8th, 2018 1:07 PM
Author: (\/)(;,,;)(\/) (馃)

Seems to be a subtle way of saying "I fucking hate dealing with Mexican contractors"

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190176)



Reply Favorite

Date: November 8th, 2018 1:10 PM
Author: .,,,.,.,,...,.,:,:,,...,::,...,:,....:..,:.::,.


dude fuck copying some reddit queer's rant and acting like it's your own thought until the end

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190206)



Reply Favorite

Date: November 8th, 2018 1:41 PM
Author: melena



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190529)



Reply Favorite

Date: November 8th, 2018 3:17 PM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191377)



Reply Favorite

Date: November 8th, 2018 3:25 PM
Author: Morning In America (馃檹 )

Replace the living room with a garage for the car

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191444)



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Date: November 8th, 2018 10:55 AM
Author: aunt jemima

proles, strivers, dumbs

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189033)



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Date: November 8th, 2018 1:29 PM
Author: (\/)(;,,;)(\/) (馃)

Where else will they live? It's that or have roommates or have a 1 hour commute

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190400)



Reply Favorite

Date: November 8th, 2018 1:46 PM
Author: aunt jemima

average (not "luxury") apartments?

Who really needs a Pet Concierge. Or a theater in their apartment building?

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190580)



Reply Favorite

Date: November 8th, 2018 2:01 PM
Author: (\/)(;,,;)(\/) (馃)

Did you see the rest of this thread? They don't exist

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37190763)



Reply Favorite

Date: November 8th, 2018 11:08 AM
Author: Grant William Robicheaux MD



(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189158)



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Date: November 8th, 2018 11:38 AM
Author: Sir Incelot

Urban middle class childless white couples renting will help subsidize my retirement.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189379)



Reply Favorite

Date: November 8th, 2018 12:01 PM
Author: Oh, you travel?

Idk why do I rent a studio walk-up? because fuck you that's why.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189580)



Reply Favorite

Date: November 8th, 2018 12:32 PM
Author: Mormon missionary (only posts on WSHH and xo)

This is me except we make a combined 130k and pay 2400/mnth to live in a shitty apartment in MFH

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37189844)



Reply Favorite

Date: November 8th, 2018 2:57 PM
Author: Grant William Robicheaux MD

Are u in your 30s?

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191227)



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Date: November 8th, 2018 10:35 PM
Author: Mormon missionary (only posts on WSHH and xo)

20s

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194328)



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Date: November 8th, 2018 10:38 PM
Author: Grant William Robicheaux MD

180

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194345)



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Date: November 8th, 2018 10:40 PM
Author: Dupa (bloodacre@gmail.com)

that sounds horrible.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194357)



Reply Favorite

Date: November 8th, 2018 2:58 PM
Author: Maori woman performing defiant haka

cost of not having to live next to minorities

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191237)



Reply Favorite

Date: November 8th, 2018 3:08 PM
Author: Taylor Swift was not a hobby she was a lifestyle

most "luxury" apartments accept section 8

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191316)



Reply Favorite

Date: November 8th, 2018 3:07 PM
Author: corporate slave posting from a bathroom

Most "luxury" apartments are similar to tract homes. Cheap cookie cutter construction. It's just branding and using scale to throw you a few extra amenities.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191312)



Reply Favorite

Date: November 8th, 2018 3:11 PM
Author: Grant William Robicheaux MD

Why do ppl still buy into this $cam

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191332)



Reply Favorite

Date: November 8th, 2018 3:13 PM
Author: corporate slave posting from a bathroom

They're still new and clean and have cool amenities and generally young single professionals living at them so super safe

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191349)



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Date: November 8th, 2018 3:11 PM
Author: community_account

It’s just a ruse by idiot realtors. Price is about location. If you put an ordinary non-“luxury” apartment building in the middle of a major metro the monthly rent will largely be the same as a newly built “luxury” building. Every newly built building is just called luxury now because it’s easy to do.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191335)



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Date: November 8th, 2018 3:30 PM
Author: USSS Hillenkoetter (馃憘 馃憙 )

YOLO

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37191494)



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Date: November 8th, 2018 10:47 PM
Author: nyuug (讗谞讬 讗讜讛讘转 讗转 讛讝讬谉 讛拽讜专讬讗谞讬 砖诇讱 - u mad?)

ITT: third world real estate discussion

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194389)



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Date: November 8th, 2018 10:51 PM
Author: XIV

Never understood this. Most modern "luxury" apartments are built as cheaply and quickly as possible with garbage laminate floors, particle board cabinets, ugly counters, etc. If you're living in a building built after ~1930, you're doing it wrong.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194411)



Reply Favorite

Date: November 8th, 2018 11:45 PM
Author: ..............;...................


Every apartment is a "luxury" apartment. It's advertising dumbass.

(http://www.autoadmit.com/thread.php?thread_id=4127321&forum_id=2#37194718)