LIVE IN ZE POD

[Anonymous No.54112751]

Old albeit really interesting article I found the other day:

https://www.npr.org/local/309/2019/05/27/726811306/factory-built-three-flats-are-chicago-s-newest-affordable-housing

>A Chicago company claims to have a unique answer to the city's affordable housing shortage: modular homes.
>Sterling Bay, developer of the Lincoln Yards megaproject, says it's planning to buy 100 vacant lots on the South and West sides to plant modular housing there.
>"We're completely changing the paradigm here for the construction process, which will drive the price of the home down," said Stacy Scopano, Skender's chief technology officer.
>Production time for a fully constructed three-flat is just six days. After that, the completed "modules' — think of them as rooms or partial apartments, complete with windows, flooring and painted walls — get shrink-wrapped, put on a truck and driven to vacant lots where they will be stacked into three flats.

This seems like an excellent idea. Especially in Chicago where
>every single lot is a standard size (25x125)
>multifamily housing is encouraged and zoned
>massive tax incentives exist for building in low-income neighborhoods
>there is an unwavering demand for dense, urban housing in the US
>land costs are still very affordable in these neighborhoods

Seems to be a huge opportunity in buying distressed lots in soon-to-gentrify communities, building this modular housing, and renting the homes out to wealthy urbanist bugmen.

Not only that, but these are the same areas where city government is essentially begging for development. Tax abatements, TIF bonds, and all the rest considered - they'd effectively be paying YOU to develop the land.

[Anonymous No.54112775]

Here's where it gets interesting:
>large portions of the south and west sides are losing population, quickly
>many of the blighted historical homes in the area are being torn down (bad)
>much of this new available land is located along transit corridors and is primed for much denser housing than what currently exists
>areas like Bronzeville and Woodlawn (both historically high-crime neighborhoods are rapidly gentrifying
>white liberals are no longer afraid to move into these rapidly gentrifying neighborhoods
>rents in bronzeville are at an all-time high, housing stock in the neighborhood at a historical low
>these modular homes can be deployed on any standard chicago lot
>buy up distressed land for under 50k/lot
>apply for property tax waiver
>hold and construct homes
>modular construction takes ~6 days, theft risk is effectively eliminated
>as neighborhood improves, gradually raise rent

[Anonymous No.54112890]

>>54112775
>large portions of the south and west sides are losing population, quickly
source