Quote:
Originally Posted by JDMDreams
Yea but there's no money to be made with affordable so that's not gonna happen. Why would anyone go through the hassle of splitting their lot without any benefits.
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I don't think you've actually read what I've written. It's more affordable not because the land costs less but that we're making it more affordable b/c they don't have to buy as much land to get a house. It's the same principle as building townhouses instead of SFH - you spread the land costs out differently.
As for why anyone would do this - it's the developers who do this and it's profitable for them to do it b/c they can charge slightly more for what they build. Right now a 2800sf duplex ($2.8-3m) on a standard lot is more expensive to buy than an equivalent 3600sf SFH on that same lot ($2.5-2.7m). My idea is to build something in between a duplex and a full SFH which bridges the price gap today of $1.5m vs $2.5m, build something that can be bought for $1.8-2m. It's a win win for both parties - developer make more money while "regular" people can now afford a detached home on a smaller lot.