As someone who works in commercial real estate, involved in about $300M of housing development, some of it affordable, i will say without any doubt that driverless cars are a very effective affordable housing policy that is not being considered or discussed by anyone.
Any public dollar that gets contributed to housing, basically adds a 50% cost factor and assume whatever it is used for will take 2-3x as long to deliver anything you can live in.
So instead, Cities should lease Waymos (or other brands), and provide these vehicles for use by affordable tenants in properties with limited parking.
Building housing with no parking is not feasible for 95% of deals. You simply won't get financing or you'll end up handing the keys back to the lender and bankrupt on the deal. Instead, if you could hand to your investors and lender an agreement which provides a car for every 3 units, that tenants have first priority to use for free (or an amount subsidized per month) up to reasonable limits, then you'd address the concern "where are people going to park and how to get to work?".
it's way more efficient than building $100 billion in transit that will take 200 years to build.
What's it cost per year to lease? $30k? That car can be full time serving 4-10 units daily? The cars can be rented to the public on off hours to offset their operating cost.
It's a lot more cost efficient and can be done TODAY, not 5 years after complicated LIHTC financing with 4 layers of other public funding, 3 years of approvals, and 2 years of construction.
Any public dollar that gets contributed to housing, basically adds a 50% cost factor and assume whatever it is used for will take 2-3x as long to deliver anything you can live in.
So instead, Cities should lease Waymos (or other brands), and provide these vehicles for use by affordable tenants in properties with limited parking.
Building housing with no parking is not feasible for 95% of deals. You simply won't get financing or you'll end up handing the keys back to the lender and bankrupt on the deal. Instead, if you could hand to your investors and lender an agreement which provides a car for every 3 units, that tenants have first priority to use for free (or an amount subsidized per month) up to reasonable limits, then you'd address the concern "where are people going to park and how to get to work?".
it's way more efficient than building $100 billion in transit that will take 200 years to build.
What's it cost per year to lease? $30k? That car can be full time serving 4-10 units daily? The cars can be rented to the public on off hours to offset their operating cost.
It's a lot more cost efficient and can be done TODAY, not 5 years after complicated LIHTC financing with 4 layers of other public funding, 3 years of approvals, and 2 years of construction.