Good News Everyone

Honestly when I see "tech millionaire" and "altruism" in the same article, I don't expect to see someone actually using their wealth to do something decent.

Rent pricing is what the people should target first. Hard to fight the nutjobs when rent is so expensive

This is good, but if we address this at a systemic level, we don't need to put people in tiny low-density homes unconnected to anything for it to be affordable.

China addresses it by looking at how much labor and materials is required and ensuring the price of concrete, steel, glass, etc is sufficiently low for the number of homes they need constructed, and that there is enough of each type of skilled labor that goes into building a home.

Presumably local governments have some mechanism for when they know a house costs X materials and Y labor, and they see new construction costing significantly more than that.

The result is detached homes@avg 75USD/sqft and apartments@55/sqft. With current interest rates of 6.768%, you'd get ~400 sqft homes with a $200/mo 30 year mortgage at those prices, 600sqft if interest rates were 3%.

As for the residents of the houses, rent is kept at 30% of income, which means the large majority of residents pay a maximum of $200 — including all utilities and internet — every month.

How are they planning to sustain this long-term?

Surely, someone is paying for the difference. Unless I totally missed it from the article 🫣

When I lived in germany full time, I would've loved to live in a tiny home, but germany would've rather put me on the street than allow a tiny home lmaoo.

These units may be basically sheds, but I've seen people pay half a million to have the same thing three floors up in central London.

If it was possible to build co-ops of these it'd be what I've been suggesting for like 9 years.

Impressive, it's even a walkable place seen that it is a mixed use neighborhood with commercial buildings too

This is really great to see. So glad there are people like this out there willing to extend empathy to people who are struggling. I love that this project also respects their clients' autonomy as well. The fact that you don't have to stay sober to be there, I think it's great. Just give someone a stable roof over their head, a small support network, and I believe they can turn around their addictions and their lives.

My grandma lived in this trailer park for 40 years until she died. Pretty low overhead.

Damn, $200 sounds low, on the other hand 30% is a crazy share. I'm targeting 10-15% at most.