Quote:
Originally Posted by red-beard
The answer to that is commuter traffic. I was trying to show how much would fit in a Levitt-town style area. But now grab 50 acres of blighted urban area and put in 500 of these units. Maybe even make it a gated community. You now have a hipster place close to the city center. There is even space for off street parking, maybe an attached car port.
~2000 to 2500 square feet of land plus 400-500 sq. feet of house. Around here, that would be well under $100K. Instead of developing mini-condos, you have a Tiny House village.
Looking at the pricing of townhouses in area I'm looking, they go for $200-300K. Hmmmmm. This could be quite profitable.
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You're not the only one to think this way... This could get quite interesting and exciting - and the houses needn't be ultra-tiny, just reasonable, efficient, trendy (good design features), etc. Kinda like loft conversions but everyone gets their own patch of dirt. All the upsides of a community without the pitfalls (you keep good buffers between neighbors, no HOAs, no shared utilities, etc.). Living well within one's means without feeling "house poor" shackled to a stupidly expensive mortgage or (worse still) rent payment...
There are people out there for whom this makes a helluva lot of sense.