Stephen Jacob Smith on Mythryl: “…and it doesn’t and they don’t. Developing 100 units? In the US…”

A fun fact about elevators: it’s always 2% (or 0%) of total hard costs. Developers scale the number of elevators they buy to meet this number. Developing a six-unit apartment building? In Switzerland the elevator is like $50k so it fits within the 2% and they include it. In the US it’s $175,000…

Matt Darling@besttrousers.bsky.social

"Percent of income spent on housing" continues to be a sort of silly metric. 1.) It's almost always ~33% 2.) When it's not ~33% it's generally because of a subset of the population is not working (ie, the Florida numbers are because there are retirees without "income")

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