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VulcanMind1 t1_iya5gd3 wrote

Reply to comment by ballsohaahd in D.C. lawmakers pitch a plan for ‘Green New Deal for Housing’ by stache_twista

Lame wall of text with no numbers. Typically McMansion is $1,500,000 at 4,000 square feet. That can be subdivided into 4 condos at $375,000 units at 1,000 SF. This would be massively affordable to a lot of middle class people.

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ballsohaahd t1_iya7m5s wrote

Better than some made up numbers lmfao. How would a 1.5 mil mansion just be divided by 4 into 4 units at 375k?! Please explain, Makes absolutely no sense.

You need 4 full kitchens, 4 sets of full bathrooms, 4 master bed rooms. 4 living rooms next to the kitchens at an absolute minimum. That’s the Bare minimum for 4 1BR condos. The bedrooms need big windows to crawl out of for emergency, so a basement room usually can’t count as a legit room. The original house will have at most 2 full bathrooms, one master bedroom, one kitchen, and massive renovations to just separate the units.

You need to spend a ton of money to retrofit even a big house. They’re not designed to be easily converted into anything leastwise 4 separate units, and it could even be cheaper to tear it down and build from scratch.

Also there are no 1000 sq feet 1 BR condos, most are 700-800 sq feet and if theyre a newer building ain’t anywhere near as cheap as 375k. So these ‘affordable’ 1 BR condos would end up easily costing 500K+, which is much less affordable than existing 1 BR condos available.

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dc_co t1_iyab9a3 wrote

Yep have a 20+ year old 812/sqft condo and it would resell for $550k with a $450/hoa.

Statements like the one above yours says a mcmansion is $1.5m/4000 sqft. That's $375 a square foot. Prices in the district are over $500.

https://www.redfin.com/city/12839/DC/Washington-DC/housing-market

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ballsohaahd t1_iyae46q wrote

Haha yea stuff is real expensive now. Love these actual accurate numbers too 😉🙃

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CaptainObvious110 t1_iye27w1 wrote

Those should become illegal to build altogether. Build apartment buildings there instead.

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