🧵Deep "Value-Add" - Additions on Single-Family Homes Want to be a developer but don't know how to start? Here's one way... Doing small single-family home additions.🧵

9/ We find that this is entirely due to the ban shifting activity from investors to owner-occupiers: BTL renters have incomes 19 percentiles lower in the income distribution than owner-occupiers in similar property, so banning these investors limited entry of low-income residents

Just got a call from our appraiser and they said they could find no comps like our ADU. We are THE FIRST modular ADU in Sacramento. Hello World, we are Bequall

Housing politics in Austin are red hot this week. @LesliePoolATX proposed a resolution to allow 3 homes per lot across the City. Imagine lots with triplexes/tiny homes sprinkled in central neighborhoods. Seems like a generational shift is brewing with no partisan lines

78,000 ADU permits applied for in California. via Denise Pinkston of Casita Coalition Just casually creating an $8 billion industry.

A developer who has no experience building anything is using laws passed by Senator Scott Wiener and California YIMBY to shoehorn an 8-story apartment building into a single-family neighborhood. He doesn’t need to pay a single dime to fund traffic improvements, transit, police or schools. And

Fresh confirmation that housing, like every other good, gets cheaper when there’s more of it to go around. trib.al/soT0iYq

Key takeaways from the report: - SB35 has streamlined 18,000+ homes - Most SB35 projects are 100% affordable - Speeds up entitlements and gives developers certainty, which saves $$$ - It took a couple years to get going, but now it’s the go-to option for affordable developers

If you’ve ever wondered how many times “she shed” has been mentioned in real estate listings in the Sacramento area…

Op-ed in Boston Globe Opinion: The key to more housing is in our own backyards trib.al/z4m2doK

If you can’t buy your next home, build it! In this market, so many families can’t sell their home to buy a larger one, and others can’t afford to buy their next rental property. Build on what you have! Create space, create neighbors, create income.

Matching ADUs to the primary home FEELS good, but is actually wildly prohibitive: -design and engineering cost go way up. -you have to stick build because factories won’t build custom -permitting will take way longer. Likely reduces potential for new housing by > 80%

Thank you kcranews for coming out to our Single Family Studio in Sacramento We are excited to help community members build #ADUs to meet regional housing needs

There's a shortage of real estate developers. Its just as important to fix as upzoning or permit reform to build enough to lower housing costs National developers do highrises & master plan communities ... we need many more small local developers who build the 2-20 unit projects

Very excited to speak at Sacramento City’s Missing Middle Housing event with CLTRE. Tiny homes will have a big impact, so if you’re in the area come learn more on 10/04

$450,000 to build a regulated affordable housing unit in Sacramento. Our ADUs are HALF of that!!! A for profit model of building naturally occurring affordable housing that enables locals to benefit from building the housing needed in their community is our answer. Build with us

What’s the best part of living in a studio ADU?

As an owners representative for local real estate investors and operators, we take care of the entire ADU process so your only decision is Yes or No

#ADU: The Boston Globe bullet points recommendations. Invite Bequall_official comment: "Dedicate add'l resources to studying modular, or factory-built, housing, w/ goal of opening large modular factories in MA to build units for local development projects." #MillionBackyardMarch