8/4/2026 at 10:40:32 PM
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.
by eagleinparadise
8/4/2026 at 11:02:04 PM
As someone who knows anything about Texas cities, I assure you that parking space is not an issue in Dallasby PsylentKnight
8/4/2026 at 11:01:57 PM
Self-driving cars will kill off your kind of real estate developers once and for all. Because there is no such thing as "affordable housing".All housing on the market is by definition "affordable". If someone buys it, then somebody can afford it. The proper term is _subsidized_ housing.
Anything subsidized is destructive in the long run.
Fortunately, self-driving cars and mild carpooling (3-4 people per car) will eliminate road congestion and allow comfortable suburban living while still having access to the dense city cores. And mild carpooling does not have the main disadvantage of transit: turtle-slow average speed.
by cyberax
8/4/2026 at 10:43:20 PM
America, the place where they will try anything except for building good public transportation, walkable and bikeable neighborhoods.by oblio
8/4/2026 at 10:59:23 PM
i know multiple developers with public dollars to build housing $800k-$1.2M per unit. so i don't know, maybe come up with a better solution I'd be happy to hear your idea that is realistic and will deliver more units at a lower cost.by eagleinparadise
8/4/2026 at 11:03:20 PM
Have you tried "building good public transportation, walkable and bikeable neighborhoods"?by theappsecguy
8/4/2026 at 10:56:31 PM
I get what you're saying, but in this particular case we're talking about Texas. The people down there think that bike lanes and walkable neighborhoods are a plot to send in UN soldiers who will forcibly vaccinate them with 5G nanobots. I'm only slightly exaggerating.by Analemma_
8/4/2026 at 10:57:33 PM
> Any public dollar that gets contributed to housing... in the US
> Building housing with no parking is not feasible for 95% of deals. You simply won't get financing
Because of completely broken land use, transportation polices, building regulation in the US, they are very feasible in many other parts of the world.
> if you could hand to your investors and lender an agreement which provides a car for every 3 units
Or some kind of vehicle that comes by every 15min and connects to a network of other transports that are time interval based.
Or have car share vehicles attached to the property. Something that is routinely done in Europe for decades.
> it's way more efficient than building $100 billion in transit that will take 200 years to build.
Except it doesn't last that long and is not that expensive unless you are incompetent and live in a broken society.
Cities in China added 100s of miles of metro since 2010. Making bad excuses and doubling down on car dependency are a big part on why its not happening.
And btw. the US has so many fucking roads already (btw they are also very expensive, but I guess that money doesn't count), if the were competent they could spend 6 month and few 100 million and build absolutely amazing bus transit system. But of course taking a lane away from cars wouldn't be acceptable, better give money to waymo so people can sit in traffic in a Waymo vehicle.
It is not about cost, its about political will and the societal believe that public transit is for the unwashed poor and racially inferiors, spending money on it is charity, not transportation policy, and that any upstanding citizen in a car needs to have unlimited freedom to drive everywhere and never get into trouble.
> That car can be full time serving 4-10 units daily?
This has been done for many decades with carsharing already, its standard practice in many developments. What exactly does Waymo or self driving change here from an investor perspective? Ok maybe if its really close buy the Waymo can go back when you don't need it anymore. So maybe you need half as many. But of course the Waymo vehicle is also much more expensive and has capacity you don't need.
But of course, even with that carsharing concept, the far better solution that almost everybody in the developed world does, outside the US, is to simply have good public transport, you build it first, and then build the new housing around those transport links. Car sharing is only for very niche situations and that's a good thing, because more cars in cities are bad.
by panick21_
8/4/2026 at 10:46:31 PM
> provide these vehicles for use by affordable tenants in properties with limited parkingTranslation: Poors are allowed to exercise their freedom of movement iff they stay in a huge corpo's good graces.
by Lammy
8/4/2026 at 11:00:52 PM
> Translation: Poors are allowed to exercise their freedom of movement iff they stay in a huge corpo's good graces.Would it placate you, if we did it for non-poors instead then?
I am a non-poor, and I would like a free/subsidized waymo with priority mode set for sharing with my neighbors. My belief is that it would help the poors more than me, but if doing so is oppressive or freedom-restricting or smth like that, I would gladly take that burden off their hands.
by filoleg
8/4/2026 at 10:52:09 PM
"huge corpos" - obviously you don't know what you're talking about. Most affordable housing is owned and operated by non-profit organizations or entities, most of which are very small.plus, the government needs to solve for affordable and workforce housing. The market can deliver plenty of market rate units if you don't be stupid and over regulate it.
by eagleinparadise
8/4/2026 at 10:59:28 PM
> "huge corpos" - obviously you don't know what you're talking about.https://www.sec.gov/Archives/edgar/data/1652044/000165204426...
Total liabilities and stockholders’ equity: $595281000000.
How big to they have to be before they count as ‘big’ to you? In your ideal world, getting your Google account banned not only means losing all your photos, documents, contacts, conversations, and access to all your other accounts (GMail) but now also means you can't go anywhere besides what you can reach on foot, via whatever anemic local transit exists, or via similarly-expensive Uber/etc. Super cool; sign me up.
by Lammy