It looks to me like you’re comparing the cost of constructing a unit to the price of renting a bedroom?
I don’t think you’re counting the cost of infrastructure construction?
Bulk fill is massively cheaper than the quantities you would use for pool removal.
Since this is a seismic area you can’t just use bulk fill: you need to do some amount of reinforcement/stabilization.
You’re talking about this as if the government would pay for all construction and then own all units and rent them out? I agree that governments are not typically interested in that kind of financing, especially in the US. If you sell the units, or the buildings, however, there is a thriving real estate market that does operate on these time scales.
I was trying to do a back of the envelope calculations of total cost of work and total value created (where I’m using cost of rent as a (bad) proxy for (capturable) value created).
I definitely wouldn’t assume that the government or any single agent would be doing the project, just that the overall amount of capturable value must be worth it for the investment costs, then different parties can pay portions of those costs in exchange for portions of or rights to that value, but I doubt adding in the different parties involved would make my estimates more accurate.
Do you have a source for cost of similar projects? My estimates are definitely very bad for many reasons.
It looks to me like you’re comparing the cost of constructing a unit to the price of renting a bedroom?
I don’t think you’re counting the cost of infrastructure construction?
Bulk fill is massively cheaper than the quantities you would use for pool removal.
Since this is a seismic area you can’t just use bulk fill: you need to do some amount of reinforcement/stabilization.
You’re talking about this as if the government would pay for all construction and then own all units and rent them out? I agree that governments are not typically interested in that kind of financing, especially in the US. If you sell the units, or the buildings, however, there is a thriving real estate market that does operate on these time scales.
I was trying to do a back of the envelope calculations of total cost of work and total value created (where I’m using cost of rent as a (bad) proxy for (capturable) value created).
I definitely wouldn’t assume that the government or any single agent would be doing the project, just that the overall amount of capturable value must be worth it for the investment costs, then different parties can pay portions of those costs in exchange for portions of or rights to that value, but I doubt adding in the different parties involved would make my estimates more accurate.
Do you have a source for cost of similar projects? My estimates are definitely very bad for many reasons.