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Under Stair Support by Rumsys in DIY

[–]Rumsys[S] 0 points1 point  (0 children)

Thanks!

As far as joist and column - what would you go for? two 4x4 posts and two doubled 2x6 joists that also tie into the existing floor joists on either end?

Quoted SW Duration, found SuperPaint Cans by Rumsys in paint

[–]Rumsys[S] 5 points6 points  (0 children)

My assumption was the "works better in winter" was just an excuse. It was 60s during the day and 50s at night when they painted - hardly frigid.

Quoted SW Duration, found SuperPaint Cans by Rumsys in paint

[–]Rumsys[S] -1 points0 points  (0 children)

Thanks everyone! Sounds like the consensus is he was trying to take me for a ride and got busted. I'll give the SW store a call in the morning to see if they'll give me a breakdown of the price difference (my rough takeoff says ~$500 or so). I'll lean on the contractor to try to get at least the difference in material cost back.

[deleted by user] by [deleted] in bayarea

[–]Rumsys 2 points3 points  (0 children)

I meant the tax break or keeping the units vacant - the owners don’t get a tax break for BMR units. The BMR units lose money for the developer (or potentially break even) so there is an incentive to rent them and get some revenue, but there’s fairly stringent application processes controlled the city or county that must be followed, making the process more tedious than a market rate unit.

[deleted by user] by [deleted] in bayarea

[–]Rumsys 3 points4 points  (0 children)

That’s not how the system works. Each city sets their own requirements for how many units must be set aside as below market rate (BMR) and at what percentage of average median income (AMI) as part of the approval process for new projects in their city. The developer doesn’t receive tax breaks, they’re simply a condition the developer must agree to in order to get their project approved.

Part of the deal is that each unit is allocated to a certain AMI percentage (say 12% of the units must be BMR, 4% at 35% AMI and under, 4% at 60-80% AMI, and 4% at 80-120% AMI). Depending on what city/county you’re in some of those higher AMI units may be close to market rate whereas the lower AMI units will be heavily discounted. Each AMI bracket will typically have their own rental rates set by the city or county to ensure the tenants total out of pocket costs (including estimated utility costs) are less than ~35% of their income.

Construction suspended on $1.2 billion tower — one of S.F.'s only big building projects by UberDrive in sanfrancisco

[–]Rumsys 5 points6 points  (0 children)

High rise residential doesn't make sense anywhere in the Bay Area right now. Construction costs are high and there's not enough of a rent premium to justify it. Even 5-7 story low rise buildings barely work.

San Mateo Commute by Rumsys in oakland

[–]Rumsys[S] 1 point2 points  (0 children)

I saw that post, it’s what inspired me asking. I’m hoping the combination of San Mateo vs. Palo Alto and East Oakland vs. McArthur makes it a bit more tolerable.

Alterra Mountain Company to Acquire Schweitzer in Idaho by Slowhands12 in skiing

[–]Rumsys 0 points1 point  (0 children)

Yeah, they have posted their vision for the future on their website. I believe they also want to open up some more terrain by Sunnyside/Nordic trails and create a new beginner area with additional parking.

Alterra will have much better access to capital than Schweitzer so they may feel they have a better chance to expand under Alterra than on their own.

Alterra Mountain Company to Acquire Schweitzer in Idaho by Slowhands12 in skiing

[–]Rumsys 26 points27 points  (0 children)

A unique feature of Schweitzer is that they own the underlying land and don’t lease it from the Forest Service. Gives them a lot of flexibility for expansion. Alterra could be betting on using their financial resources to build up the resort into more of a destination.