NW 36th and Youngs

[Pete]

For-sale development planned for the southeast corner of NW 36th & Youngs, diagonal from Ingrid's Kitchen:

[DoctorTaco]

BTW this is what "reasonably priced" new housing looks like in the metro: Not super cute architecturally, not in the hottest neighborhood but not too far away either, relatively dense.

The issue I see on social media is that people want all three of the above but also cheap.

[Pete]

BTW this is what "reasonably priced" new housing looks like in the metro: Not super cute architecturally, not in the hottest neighborhood but not too far away either, relatively dense.

The issue I see on social media is that people want all three of the above but also cheap.

Right, and that's completely unreasonable.

If you want cheap, buy an older house and fix it up. There are tons of those places around.

But if you want something new or newly renovated, it's going to cost you no matter where it is.

[TBD]

BTW this is what "reasonably priced" new housing looks like in the metro: Not super cute architecturally, not in the hottest neighborhood but not too far away either, relatively dense.

The issue I see on social media is that people want all three of the above but also cheap.

Some people don't want to hear it, but this is 100% true. We can have a theoretical discussion about whether it should be this way, but there is no question that it is.

[Teo9969]

Right, and that's completely unreasonable.

If you want cheap, buy an older house and fix it up. There are tons of those places around.

But if you want something new or newly renovated, it's going to cost you no matter where it is.

That's becoming harder and harder. There are some builders (I'd call them developers, but they're not quite as refined) buying up some of the older stock and razing it to put up new builds that they can then turn around and sell for between $150sf - $200sf, because they can put up a track home cheap.

Saw a ~800 sf home that was 100% able to be renovated get bought up for nearly $100/sf, razed, with a ~1500sf new build put up and sold in under 90 days.

Not only did I see that, the same builder did the same thing at the same time about 70 yards down the street. Must have made between $50k-$100k between the 2 houses.

Military Park is probably the last bastion of hope for people to get into the "inner-loop" on the east side of Penn and North of 10th under $150/sf move-in ready (i.e. if it's a rehab project, the cost of the property + reno costs).

I feel like now is probably a great time for some developers to get ahold of property on May between 16th and I-44. A lot of residential money flooding into that area right now and the area is far enough away from the established districts that the next 10 years surely sees an influx of commercial capital.

[Plutonic Panda]

The more desired a city becomes the more expensive it gets as well.

[Teo9969]

The more desired a city becomes the more expensive it gets as well.

I don't want to know how many millions of dollars flew out of this city in the 90s early 2000s with people electing for other cities for their weekend entertainment because we had such a dearth of quality entertainment/dining options.

I think that's why oil crashes haven't been the death march for OKC conventional wisdom would have led us to believe. It may hurt, and slows growth a minimum, but it doesn't undo the massively increased capital retention our progress has won us.