Tuesday, August 07, 2007

KnowledgePlex: Article: Tiny Dwellings Concept Grows
Is this Common Interest Housing 2.0? The higher the land prices, the greater the pressure to build at higher density. Is the future of L.A. "Home, Sweet Rat Hole?" I have a hard time seeing this as home ownership.

Small, Manhattan-style apartments and condos could be in the San Gabriel Valley's future, though cities are resisting the change. In Pasadena, a developer is building 550-square-foot condos at market rates, as well as smaller single-room-occupancy apartments. The Los Angeles City Council could approve rules encouraging similarly sized units for downtown. There is a growing trend of building smaller units, said Anastasia Loukaitou-Sideris, chairwoman of UCLA's department of Urban Planning. "It is a result of necessity, with prices going very high and the need to accommodate more people," she said. "I can see a market for smaller units of 500 square feet, 700 square feet. I'm not sure the market can bear 250 square feet ... we might end up with rat holes."

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