Re: New York Times article on the Rocky Corner foreclosure | <– Date –> <– Thread –> |
From: R Philip Dowds (rphilipdowds![]() |
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Date: Mon, 14 Feb 2022 13:14:55 -0800 (PST) |
Speaking as retired architect who spent decades working in and for the real estate development industry — by definition, almost all my clients, even the NFPs, were real estate developers — I’ll pitch in my own two cents. First of all, blaming the public bureaucracy is misguided. Like most of us, most public officials are doing the best they can, within a context of limitations over which they have, at best, modest influence. But I must admit that in my nearly five decades of professional practice, it has indeed gotten a lot harder to get a building out of the ground. Let’s look at some of the context: ZONING: Yes, it’s true, there’s a lot NIMBY out there: Existing residents sitting in their single family bungalows, strenuously opposed to anything that doesn’t look like them and their bungalows. But it’s not always true everywhere, all the time. Many cities and towns are willing and able to experiment with novel zoning — inclusionary zoning, mixed use and planned unit development districts, and so on — and a skilled program of political persuasion can make cohousing headway in these communities. Do the work, and sometimes or often, get the result. And times are changing. When I started out in my own cohousing trip 15 years ago, my Mac spellchecker always changed “cohousing” to “choosing”. Now it accepts cohousing as a word. BUILDING AND LIFE SAFETY CODES: Like tax law, these have gotten wildly more complicated during my decades of practice. Sprinklers, structural peer review, egress and fire separation enhancements, mandatory contractor guarantees, you name it. State building codes have gone from 100 or 200 pages, to literally thousands of pages. Don’t like the building codes? Then you get the Bellevue-Stratford Hotel (legionnaire’s disease), the Kansas City Hyatt Regency (tea dance collapse), and Champlain Towers South. ENVIRONMENTAL PROTECTION: Since the mid-twentieth century, we’ve accumulated a wide range of environmental protection laws which require the collaboration and investment of both public and private actors, and generally make property development (and operation) more arduous and expensive. Some of these regulations are about containing or cleaning up past damage; others are about preventing future damage. Don’t like so much environmental red tape? Then you get Love Canal, Flint, and *A Civil Action*. Climate change is not actually a pollution problem like toxic contamination, but nonetheless states and localities are adopting rules about building energy usage, conservation and efficiency — all of which are driving up review, design and construction costs. I doubt that many of us want to make the case that that these costs are “extra” and “unnecessary”. FINANCIAL OVERSIGHT:. Real estate development is a legitimate and challenging profession … but it’s also the domain of scam artists — witness the career of a former President. Rules and regs governing the finance of property development come and go, but there’s no denying they can add time and cost to a development project. Don’t like this public meddling in the private world of finance? Then get acclimated to events like the collapse of the savings and loan industry in the 1980s, or the home mortgage industry implosion of 2007-2010. And while “cohousing” is in my spellchecker, it’s still beyond the ken of many conservative lenders who’ve learned the hard way that innovations like collateral debt obligations(?), credit default swaps(?), or “communal” living(?) can take down their banks. RESOURCE DEPLETION: Since I started practice, world population has just about doubled, to about 8 billion people. That’s a lot of us. And we’re all very hungry. In the same time frame, available land surface has slightly declined, due to oceans rising; and old growth forest coverage is withering away. So we have increasingly large numbers of people chasing declining resources. Timber used for house framing is skyrocketing in price, and this won’t revert back to the 1950s any time soon. And then there’s the cost of a buildable site. When I started my practice, the joke was, “All the good land is gone.” Not a joke any more. Unless you get lucky, expect to a pay a lot for a problem lot. … And … It goes on and on. My point is not that it’s hopeless, and we should give up. My point is: Life is getting harder, all around, for a whole bunch of mostly legitimate reasons. So don’t oversimplify, by pointing to just one factor. Like zoning. Or conservative lenders. If you really want to be a real estate developer, get ready for a long, hard haul. Thanks, R Philip Dowds 175 Harvey Street, Unit 5 Cambridge, MA 02140 mobile: 617.460.4549 email: rpdowds [at] comcast.net > On Feb 12, 2022, at 11:56 PM, Sharon Villines via Cohousing-L <cohousing-l > [at] cohousing.org> wrote: > > It shouldn’t be so difficult. Something is screwy with the system. Cohousing > is only good for society — there are no downsides. So why is it so hard? > > Sharon > >> On Feb 12, 2022, at 10:23 PM, Muriel Kranowski <murielk [at] vt.edu> wrote: >> >> What a heartbreaking story that is. I feel so very grateful and fortunate >> that my coho group succeeded after some hard times for a few years. A >> successful coho community seems like a miraculous accomplishment, given how >> hard and how rare it is to make it happen. >> >> Muriel at Shadowlake Village, Blacksburg VA >> _________________________________________________________________ >> Cohousing-L mailing list -- Unsubscribe, archives and other info at: >> http://L.cohousing.org/info >> >> >> > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://L.cohousing.org/info > > >
- Re: New York Times article on the Rocky Corner foreclosure, (continued)
- Re: New York Times article on the Rocky Corner foreclosure Sharon Villines, February 12 2022
- Re: New York Times article on the Rocky Corner foreclosure Diana Carroll, February 12 2022
- Re: New York Times article on the Rocky Corner foreclosure Muriel Kranowski, February 12 2022
- Re: New York Times article on the Rocky Corner foreclosure Sharon Villines, February 12 2022
- Re: New York Times article on the Rocky Corner foreclosure R Philip Dowds, February 14 2022
- Re: New York Times article on the Rocky Corner foreclosure marvin berkowitz, February 14 2022
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Re: New York Times article on the Rocky Corner foreclosure Sharon Villines, February 12 2022
- Re: New York Times article on the Rocky Corner foreclosure Abe Ross, February 12 2022
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