United States, Seattle, Kai Ryssdal discussed on All Things Considered
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And if you've got an even slightly discerning architectural, I you might notice that all the new apartment buildings in town, basically, look the same but behind that uniformity or some straightforward economic reasons why the financial crisis today's housing shortage, the high price of real estate right now also the trade war Patrick citizen rights for curbed, including recently apiece, headlined, why do all apartment buildings look the same patch. Thanks for coming in. Thanks for having me. So you start this piece up in Seattle with rise, ma'am is on in the building describe these apartments that are popping up in Seattle. And and all over. Yeah. It's really a nationwide phenomenon. Basically, they're just sort of these boxy somewhat bland apartment buildings release square kind of guilty. The edge of the lot line. Normally, you'll see something like a commercial or retail on the first floor, and then residential the next couple of stories you've seen rich about every big city in US. Okay. Why? Well, talking to a couple of experts kind of broke it down into for three reasons code cost in craft. The first thing is building. So most big cities are still zone most of the area for single family homes. So if you wanna go apartment buildings you want to create multifamily units, there's not a lot of them to do it. So that drives up the costs. And then you have a rising costs of construction building materials. Rising labour we're in a couple of tariff and trade fights under if you've done us a little bit about that a little bit and then finally craft this is a little bit nebulous. But a lot of people told me with these cost pressures developers are trying to ring every Sunday candidate the building. So there's a lot of computer aided design going on not that that it hasn't happened in the past. But we're able to sort of maximize provident way we couldn't. So they just stamp them out. Right. Basically like cookie cutter. Yeah. It seems a little cookie cutter Atieno targeting developers. They say, hey, we are trying our best to add housing to cities that are under extreme housing shortages, which is a very big problem. And this is the only way we can do it with margins. That's one of the key driving issues. Right. Is that housing show tight and apartments are the sort of the easy relief valve on a of housing markets, L A, and and other places. Well, yeah. And I mean, this this style of construction it's just the cheapest way to do it. And you know, we talked to in. They had a lot of funny names for it. Mine craftsmen sponge, sponge, build square parts are texture fast casual architecture. But yeah, it's all from the developer perspective based on cost. Okay. So if you go back in history, there's lots of examples of sort of cookie cutter construction right levittown, Long Island is certainly one of them after the second World War. And and so what's what's wrong with this? I guess is the question a lot of it's a matter of aesthetic judgment. You look at the neighborhoods of cute craftsman bungalows, we've seen a lot of cities. People say, hey, these are gorgeous, this is historic. But you know, what? Like, they're all cookie cutter construction right at the time that was the sort of formula that developers were using to make a lot of money, quicken stamp out similar things. This is sort of what's happening today. It's it's almost a symbol of the cost and constraints. We have in building in American cities right now, developers are building these to be most cost effective for themselves. My guess would be though that that is not being passed down to the residents and less or people signing leases in terms of lower rents. I mean, rents are still going up. Yeah. Exactly. And I mean, developers would say, hey, we have rising land cost labor costs rise. Material costs doesn't seem to be turning around anytime soon the land that we're able to build these multifamily units on they're not like rezoning a lot of parts of cities. So we're we're not like necessarily, greedy. Here developers would say, hey, this is what the market is is allowing us to do. Right. But at the end of the day like we're not released subsidizing affordable. Housing and there's just such a incredible shortage. I mean, look at California there's such a shortage of housing. It's really hard to make the numbers work. Patrick Sisson rhetoric curbed talking about buildings.