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WhipMaster
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Re: British investors sitting on thousands of acres of land

Fri Nov 13, 2015 3:36 pm

Demonized, I think this is a great post.
It is sure news to me. Tks.
Hoo~Cudda~Not~Nod~ed????? :-)
 
HomelessinSD
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Re: British investors sitting on thousands of acres of land

Fri Nov 13, 2015 4:06 pm

building in vancouver especially a teardown is very costly upgrading service lines (ripping up roads), etc.

whereas raw land with no service can be developed en mass by the acre with open field with some trees

for a single home there are tons of hoops and hurdles they make you jump through and are time consuming which in turn costs so these add to the higher prices. there is no single factor contributing to unaffordability but many contributors to it. no one is free from all criticism with regards to this issue.
Not sure where you are getting your information from, but developing raw land costs considerably more with respect to servicing than demo'ing and rebuilding an existing site.

When you build a new subdivision, you are looking at completing building roads / curbs / sidewalks / light standards, utilities (storm sewers, sanitary sewers, water mains, pump stations (if necessary) - including upsizing downstream capacities due to the new loads), electrical services (switches, transformers, upsizing service main), and new water retention requirements.

There are also considerable fees for things like schools, parks, affordable housing, density bonuses (if you are building multifamily). The are just some of the standard items - each jurisdiction has their own unique way of getting their own piece of flesh.

Installing a new lateral for sewer and storm for a re-build isn’t expensive in comparison.
 
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WhipMaster
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Re: British investors sitting on thousands of acres of land

Sat Nov 14, 2015 4:42 pm

HomelessinSD:
The Vancouver Sun must be hurting for stories to regurgitate old news that is pretty much common knowledge.
....really??? I am sure that many of us were not aware of this. We are just a bunch of dummies then. And you're so smart.... How can you stand us? :wink:

But did you notice that it's always foreigners that appreciate the land here so much that they actually put their bucks down to get a piece of it. Judging by all the foreign investment over the years, maybe we do live in the best place on Earth.... but I guess you already knew that too. :wink:
Hoo~Cudda~Not~Nod~ed????? :-)
 
Demonizer
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Re: British investors sitting on thousands of acres of land

Mon Nov 16, 2015 7:38 am

building in vancouver especially a teardown is very costly upgrading service lines (ripping up roads), etc.

whereas raw land with no service can be developed en mass by the acre with open field with some trees

for a single home there are tons of hoops and hurdles they make you jump through and are time consuming which in turn costs so these add to the higher prices. there is no single factor contributing to unaffordability but many contributors to it. no one is free from all criticism with regards to this issue.
Not sure where you are getting your information from, but developing raw land costs considerably more with respect to servicing than demo'ing and rebuilding an existing site.

When you build a new subdivision, you are looking at completing building roads / curbs / sidewalks / light standards, utilities (storm sewers, sanitary sewers, water mains, pump stations (if necessary) - including upsizing downstream capacities due to the new loads), electrical services (switches, transformers, upsizing service main), and new water retention requirements.

There are also considerable fees for things like schools, parks, affordable housing, density bonuses (if you are building multifamily). The are just some of the standard items - each jurisdiction has their own unique way of getting their own piece of flesh.

Installing a new lateral for sewer and storm for a re-build isn’t expensive in comparison.
sure, or you could just get the site surveyed, plans drawn, subdivided then sell parcels of it to others companies like utility contractors/excavating companies. Then they would do the ground work and sell those off to builders etc etc. it goes on.

anyways, the per sq/ft cost of a teardown lot to develop is far more than sq/ft cost or even sq/m cost of putting up land with some underground service pipes, concrete sidewalks and light poles.

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