Are ADUs worth the investment in the Bay Area?

Many young people or families can't afford to purchase a home in the Bay Area. That is, unless they consider buying an ADU. abc7ne.ws/3Yp8JR6
#adu #housing #realestate #bayarea #abc7news

[@ronnel3278]

Been living in our ADU since the Pandemic. Just me and my girl and two small dogs, we make it work. The biggest positive, our landlords are awesome and leave us alone

[@YouAdii]

Parking is going to be tight

[@scottcharney1091]

Thankfully, in SF & Oakland one doesn't necessarily need a car. In fact, it's finally feasible to be carless in L.A.!

[@YouAdii]

@@scottcharney1091 In South SF everyone does not need a car, but they have one. lol. Have to fight for parking every day. 😂

[@UpUpDnDnLtRtLtRtBAStart]

@@scottcharney1091 That doesn't matter. A permit will still require onsite parking to prevent increasing offsite parking.

[@lucystrider728]

I do not think it is fair to people who bought into a single family home neighborhood to change the rules and allow subdivision and separate sale of extra dwellings with more people and cars and crowding. I am not against someone building extra space for family members, but this arrangement will bring in opportunists who will wreck the peace and privacy the existing homeowners paid for for a short term profit. Some people do not want to have the noise and privacy issues of suddenly having a dwelling built very close or even overlooking their once private back yard. People buying into condo projects or dense zoning expect that kind of closeness, but some people chose to get less house with more outdoor space specifically for the privacy-and years later that is being taken from them as they double the density around them.

[@geoleo2597]

Yes that is an issue. But the bill and resultant regulations will take some time and come with much pushback and hearings

[@jadesea562]

​@@geoleo2597 hear hear

[@angieharris8015]

Yeppppp, which is why when I turn 55, I am moving (buying) my house in a lifestyle/resort GATED community!!!!! I am 51, I have a little ways to go!😁

[@melovetorun]

Ok Nimby.

[@angieharris8015]

@@melovetorun LOL Think about it like this, if we all go to a gated (MPC) community, then YOU ALL can have the regular neighborhoods and HACK AND STACK alllllllllllllllllllll you like. Yayyyy

[@CyrusOliverLee]

build and then sell the ADU to your in-laws? this man hustles.

[@kennyroman9589]

black rock CEO is going to use force, to get everyone to use digital currency! The Key word here is; "FORCE YOU!!" So you can be tracked, and who gets paid what!! Hello? Is this how you wanna live?

[@83dsvhtubb]

We just need more housing in CA period!

[@user-fl6ko9do5y]

we have endless condos and townhouses Noone wants for crazy price and ridiculous hoa. Not a shortage at all. A fixed system to fuxck everyone over but the dealers. House always wins kids.

[@scottcharney1091]

@@UnChosenDeath For one thing, what would Republicans (if that's what you mean) do differently? Also, I think that you mean "then," and who/what is "Different Dingus?"

[@scottcharney1091]

Particularly affordable housing! Break the power of the NIMBYs!

[@user-lf7iw2we8n]

california has plenty of homes. there is just no affordable homes. im from san jose and the home i grew up in is worth over 1.5 million now. its a one story built in the 1980’s, in a good area with great schools but even i still dont see the one million dollar justification. some of the other homes in the neighborhood are 3 bed 1 or 2 bath and still have a manual garage door with only 1500 living space going well over a million. i just dont see it. but yet ppl will still pay the price for it

[@scottcharney1091]

@@user-lf7iw2we8n Damn the NIMBYs!

[@microbios8586]

This actually addresses the root problem with housing in the US. So many areas are zoned exclusively for single family housing which restricts the supply severely. And almost no area is willing to rezone for more inclusive land use, so this is a practical solution that benefits homeowners while increasing supply.

[@jaimetorres9050]

Great , Lose your privacy. It’s a hell to the no here.

[@scottcharney1091]

*lose

[@angieharris8015]

Yeppppp, which is why when I turn 55, I am moving (buying) my house in a lifestyle/resort GATED community!!!!! I am 51, I have a little ways to go!😁

[@markdsm-5157]

yeah and HOAs are a mixed bag. Think of how those ADU owners having a 1 member HOA board would fair if they got one of the bad ones.

[@scottcharney1091]

*fare

[@Gab1Bv]

ADU's are a joke. First they are 100K+ to build. Then you have to pay back the builder + interest payments.. Then you have to pay taxes on the income. Then California Department of Housing and Community will tax you on your ADU. Your house property tax will increase. Your utilities will increase. God help you if you find a tenant that destroys your home. You won't see profits from this for 15-20 years.. GOOD LUCK!

[@angieharris8015]

Yeppppp, which is why when I turn 55, I am moving (buying) my house in a lifestyle/resort GATED community!!!!! I am 51, I have a little ways to go!😁

[@HowToADU]

It was so cool to talk with Lyanne Melendez for this piece!

[@freewifi510]

ADU is just a shack for one to two people

[@danielfiore8865]

Imagine your wife snores and you're in a tiny home.

[@keepitclean1237]

In SF for years it was a lot of people living in garages soooo.

[@deltasquared7777]

Everyone in the Bay Area knows that any living space less than 3500 square ft is unlivable and falls below the poverty level.

[@scottcharney1091]

@@UnChosenDeath Huh?

[@fastwigreviewwithlisabee8598]

@@scottcharney1091 that part

[@eddyngaue6495]

Avoiding the main issue of corporation buying up single family homes and turning them into room rentals is the glaring issue.

[@mwatercress]

And apartment builders such as Wood Partners pulling out of the state like the insurance industry doesn't help.

[@NorwoodGuernsey]

*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*

[@MalcolmCampbel]

Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?

[@NorwoodGuernsey]

Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.

[@BeresDrager]

Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.

[@JonathanWymer-p7z]

I'm a bit perplexed seeing him mentioned here I also Didn't know he has been good to so many people too this is wonderful, i'm in my fifth trade with him and it has been super,

[@MatthewHendren-x9z]

I reallywant to get my life together. Really me and my family has been into series of we've faced a lot of trials and tribulations and my income is not just enough

[@westcoast9285]

This is fine allow families to stay together

[@westcoast9285]

I have an ADU on my property I intend to allow my kid to live in it for free when he’s an adult

[@1_viewer]

People who built them in the past had to put a deed restriction on selling or even renting out if you didn't live on property as owner. Maybe those will be considered non binding now.

[@JYDIVISN]

That’s in the new law in WA state starting next July.

[@bbq8282]

Professional squatter vs amateur landlord No deal! 😂

[@TheRealScooterGuy]

Rent the ADU to a friend or relative.

[@Commacal]

Going to be really hard to sell your ADU, Your current mortgage company gave you a loan based on your having a 10,000sqft lot, the value of your property has changed when you cut out 2,000sqft of your lot and sell your ADU. You will likely have to refinance...... Secondly, your title insurance company insures the title of your house based on the currently liens, property size and lot size, if you split that up you'll likely have to redo your title insurance as well..... All these things that most people don't take into consideration, especially the politicians

[@scottcharney1091]

Then continue renting it out.

[@Commacal]

@@scottcharney1091 that's what i was getting at with my previous comment, these people are not in real estate and don't understand how much work it takes to sub divide...... The ADU plan has always been for rentals

[@truegrit7697]

I am so glad I moved out of Pasadena - ADUs are ghettoizing previously nice neighborhoods. Parked cars everywhere.

[@kartiersupremewhite330]

Extremely interesting and informative!

[@calhomeco]

Not sure about the Bay area, but currently one of the best investments you can make in San Diego.

[@rgs4x]

I drove down my parents old neighborhood where I grew up. There was so many cars that 2 cars could barely pass in the street. I can't imagine living like a sardine.

[@truther001]

Some people have no choice. Anyway, it's a start to the housing crisis.

[@brosephbroman7564]

Air Defense Units would be quite useful

[@Brendabrenda1942]

I can see this being temporary, to help out family, maybe to rent it out but I really can’t see this working well if selling adu. I wouldn’t buy it. Zero privacy going in and out. Plus too small

[@UneducatedGeologist]

All the anger in comments, as long as they hold it set backs, whats wrong with fencing off a small corner of your lot for a 600ft dwelling for 1 or2 people? Better than apartments coming to your neighborhood

[@GKP999]

Every time I hear about Asian seniors getting attacked, it is by a certain demographic. Sadly, rather than addressing this fact, and trying to find a solution, it will never be addressed as even to mention it is considered racist. It does no one any good when society refuses to deal with the root of any problem with logic and practicality. Instead, we would rather dispense useless rethoric and polemics.

[@terry_willis]

What does this have to do with ADU's?

[@GKP999]

@@terry_willis Nothing, some hoe my comment was posted to the wrong video.

[@andreg1048]

😂 racist much

[@GKP999]

@@andreg1048 You just proved my point.

[@scottcharney1091]

Wrong video, silly.

[@carmenjuarez1219]

What about the doubling of property taxes bc of an ADU?

[@geoleo2597]

I don’t think taxes will go 2x because it’s based on the size and value of the ADU. So unless you’re pre-1987 your taxes will probably go up by a proportion not 2x

[@Gab1Bv]

@@geoleo2597 They never tell you the negative because they want to trap you and make sure it only benefits the state of CA.

[@user-qc3wi5hg3g]

Imagine labeling one of societies biggest failings as being “cutting edge”.

[@tommydong8070]

If I own a property with large square footage in my backyard in certain parts of the Bay Area, then adding the ADU makes sense to do Air BnB.

[@jadesea562]

That close up moment was so fun lol

[@Sarah-tg2nk]

This is going to result in a lot of petty neighbor drama once the subdivided properties are resold to new parties 😂

[@myrrhavm]

Never made the case for being worth investment. Fact is they aren’t. The rent will barely cover the debt taken out to build or install such things. Does zero to bring affordable housing to any town. What does it do? Ruins single family neighborhoods turning them into rental communities which those looking to buy homes are trying to escape. Over crowded living conditions and the crime that goes with rental communities.

[@sugarmagnolia1475]

Sewer electric nightmare, BUILT WHERE?

[@scottcharney1091]

"Sewer Electric Nightmare" is a good name for a band.

[@claudiasmith039]

Why not build new homes that are affordable.

[@franand]

Because no more land in California

[@JAYY_JAYY]

I am currently building a JADU Essentially turning part of house into a 1 bedroom I bath . My city told me I need to file a deed restriction. I was told it was only for 3 years . I went into my city with all current information 2024 printed from online . They told me there were still going off of old information and didn’t even know about some of the current laws . It’s seems every year the state is implementing new laws regarding adus and the city’s are just way behind.

[@10-OSwords]

"You can get HUGE AMOUNTS OF RENTAL INCOME"...Now, does that sound like solving an affordability crisis OR RAMPANT UNREGULATED GREED that's yet ANOTHER middle finger to the poor???? Think real hard.

[@edgarpoe517]

Isn't the ADU market going to start having price creep along with the rest of the real estate market? Not gonna be long until you start seeing garden shacks selling for $900K.

[@scottcharney1091]

It depends on the larger supply and demand, plus, that might be more than what the market will bear.

[@mwatercress]

California has become so hostile to landlords I wouldn't do one of these to rent but selling it I might consider.

[@truegrit7697]

Landlords are everywhere in CA. They buy up everything, improve nothing, and take, take, take.

[@Chano601]

Is he going to charge his own mother in laws to live in his backyard?

[@chrisaycock5965]

The same people who say no to more housing get to allow housing on their property and profit off the shortage at the same time by building an adu…

[@McGotsTots]

Cars. What are you going to do about the increase in cars to the area that has No place for it. There is 0 parking and 0 room for error in these streets, and California has literally the worst drivers in the union.

[@trevorrobinson2941]

I personally think this would ruin a neighborhood and bring down property values. And where do these people park?

[@stickshiftt9127]

What about parking? There probably be some sort of limits on the number of vehicles that can be parked on the street

[@Meditations2024]

What a joke. It's going to turn into a cesspool trying to cram people together like that. Don't you worry, property prices will fall....

[@jackxiao1054]

find a way to make san francisco money by living in the middle of nowhere can probably solve 80% of the issue

[@user-xz5yg6jf1n]

Parking lots at the Montclair Metrolink station with strict visuals!

[@PPM209]

Ive seem them in Stockton

[@SergioRodriguez-gh1bx]

Custom stick built ADUs are a better ROI

[@BenjaminPope]

Folks want privacy not they're landlords spying on them

[@tysonliu2833]

Why build ADU why not pass law to enforece zones with capacity requirement, say for this area condo is allowed or at least preferred over houses. Is there any advantage of adu ?

[@andrewpagan]

Dude. Just build more high rises / multi-unit apartment buildings. More efficient on space and better in the long run for lowering housing prices across the board.

[@wric01]

😅tenants will squat you out of 6k plus of eviction costs and 4 to 6 month of time. You doing gov a favor as you follow delay after delay of the eviction process.

[@TheTinminator]

I seens some cool movable transformable homes from China and also Boxable from Elon musk. Comes with bathroom, kitchens and bedroom/s. Good for a small family. We have the technology and stuff already and it’s under $50K People just don’t believe in it yet. But I seen it and it’s pretty cool, another is to use a trailer storage container home like 2 or 3 of them Cost per container is about 3-5K and then you custom it. Some custom work could be 30-200k depending on how fancy you want it to be

[@ALookBackInTime]

There's always that crazy or jackass neighbor next door. Now they're in your backyard? Screw that. You give up your castle to hustle some money.

[@angieharris8015]

Yeppppp, which is why when I turn 55, I am moving (buying) my house in a lifestyle/resort GATED community!!!!! I am 51, I have a little ways to go!😁

[@ALookBackInTime]

@@angieharris8015 sounds great! All the best with that! I'm retired, but I still have young kids, so I'm stuck. Otherwise, I'd be shopping for a secluded island 🏝️.

[@angieharris8015]

@@ALookBackInTime lol, i love it..secluded island 😁

[@user-lf7iw2we8n]

does this shrink your lot size, then in so does it lower your property value? what happens if you sell your home? does this affect the adu owner who bought the adu from previous owner? for those who rent the adu will it increase their home value now that theres another living space on property?

[@RoyalWulffDry]

It does shrink your lot size and makes parking tighter. However it doesnt lower your property value, as I just had mine appraised. It was well worth the 100k investment.

[@ciegacita]

lyanne does all the great reporting

[@franand]

You will own a shack and be happy

[@ronw7209]

More adu,s less foreclosures which means are awesome government continues to collect property taxes

[@fastwigreviewwithlisabee8598]

why not just make tiny homes that cannot go over a certain price point so people can use them to get started or to just live MOBILE HOMES COST LESS THAN AN ADU so wtf? 500.000 to live in a hole in the wall NO, rent still 3000 NO! people should never pay for stuff like this at a high price that is what is making us have to worry about homelessness as it is because people are willing to pay for NOTHING and getting nothing and home prices that they may never be able to pay off this is maddness. rather than living in someones back yard there are so many useless business lots no one should spend 500 000 your not getting a home. SAN JOSE DO BETTER this is rediculous, more than half of those will just end up as air bnb and of course the NEWS ANCHORS that have homes are gonna laugh and say this is a good thing. when I see the adu I'm thinking 6 to 800 a month, an ADU is a glorified TOUGH SHED conversion, if you have to buy to live in it no more than 5000 to live in one for life. dont let these people fool you into thinking this is okay.

[@geoleo2597]

OMG!!! This is absolutely groundbreaking for a property that currently cannot be subdivided to now be eligible for an ADU and sold as a separate parcel!!!! Let’s hope other states municipalities follow suit.

[@user-fl6ko9do5y]

dumb and only gives the tax man more money. gambler loses, house wins.

[@geoleo2597]

@@user-fl6ko9do5y gotta pay to play. Sure I don’t like giving IRS more tax money too. But there are still more benefits to this than negatives. This new regulation gives such a greater benefit that many would be more than happy to take

[@peterbedford2610]

Essentially doubling the density in an area....what could go wrong?...

[@BB-yc3ze]

MAKES FOR CROWDED LOTS AND INVASION OF PRIVACY for other neighbors!!! Selfish and crappy idea!!

[@tech-bore8839]

Here's a solution: stop allowing companies and landlords to horde properties, just to flip into rental units.

[@peterbedford2610]

Over throwing nimbyism by letting everyone become a builder. Oh, and your property tax will be going up

[@scottcharney1091]

This does battle the NIMBYs, yes.

[@mrwilliamwchang]

It's interesting, but not very exciting. In fact, depressing.

[@somedudeonyoutoob]

thats right lets just look the other way and not get to the root of the problem

[@nz6241]

I hear HOAs and all bets are off.

[@SarahJoRDR2]

Getting Rid of Middle Class any way Possible

[@JSM.]

2030: "Berkley city has allowed landlords to sell their bathrooms/bedrooms separate to other people to allow people own real-estate" Me: I own two bathrooms 🚻 !

[@marcuslane3]

Whats the cost from start to finish

[@player8967]

Why dont they just build more houses?

[@user-fl6ko9do5y]

worst time to be landlord in California. Ask any lawyer. These are investors who are selling these on properties they don't live on personally. Most families don't want strangers on their property. Its investors acting like its a family thing. Is the propaganda working? It would only make sense to sell to another family member below market pricing so they can live near each other. Otherwise its investors ruining Your neighborhood under the guise of "helping ". You are one step closer to Chicago type neighborhoods and San Diego where crime and renters are high and loud. Good Job San Jose swindling like you always have last 20 years.

[@user-lv1xu4sy1m]

Yeah sounds so great until you meet your nightmare of your ADU neighbor on your backyard then you will see how greatest it became

[@llTorentll]

With ca squatters rights - that’s a lot of $/ effort just to give it all away, watch it depreciate

[@fkoffytb]

This is by far the most idiotic idea California goverment have in a very long time.

[@harlanjackson6112]

That should show you just how ridiculously expensive CA real estate has become. People will put up with a lot just to be able to afford living there. And a separate structure with a private backyard beats the heck out of an apartment or condo.

[@scottcharney1091]

How so? Such dwellings are nothing new, and this makes it easier to build them and increase housing supply. All things being equal, this will lower rents.

[@ThatsCrazyBroAnyways]

Norcal is a joke at this point

[@user-cg9qu8mz8u]

Wow that suck they going to mess up the property

[@Ronald-de9yj]

ADU renter stops paying, then you are screwed.

[@fabbz94]

I cant imagine having people living in my backayard 😂 yall need to move out

[@harlock75]

Then don’t do it. 😂😂😂 Geez 🙄

[@fabbz94]

@@harlock75 you will not be invited to live in my backyard 🤡

[@harlock75]

@@fabbz94 Evidently nobody will be living in your backyard. 😁

[@fabbz94]

@@harlock75 true 😅

[@harlanjackson6112]

Some people have huge backyards they never use, and would be happy with the $30k/year rental income.

[@terry_willis]

I always thought the condo concept was stupid. You are still living in an apartment building with shared walls with other tenants(owners). So you own your apartment - you're still living in an apartment. The ADU is just another stupid idea similar to the condo idiocy. Just keep cramming more and more people closer and closer together.

[@user-fl6ko9do5y]

🎯🎯🎯🎯🎯🎯

[@junior1497]

More ADUs, MORE TAXES

[@appomattoxross6751]

It's simple. It's just another Gavin Scam. Don't fall for the trap.

[@FS-zj5zk]

I like this idea becoming easier! I have land and want to put tiny houses on it for rental income

[@christianwolf68]

people are being priced out

[@Alpharizzchad]

Put one in and up go your taxes 😅

[@Asunder4]

tiny $ = tiny home

[@davidpulido2942]

I'll pass. Don't want someone living in my backyard.

[@angieharris8015]

Yeppppp, which is why when I turn 55, I am moving (buying) my house in a lifestyle/resort GATED community!!!!! I am 51, I have a little ways to go!😁

[@MrBrownnn696]

Nothing to be proud of it’s shameful

[@HolicChan]

You can’t own it, you pay rent lol you don’t own anything

[@Mr.BinBin]

Later they will say" oh, its not safe cuz earthquake and wildfire" and move you out or charge you.

[@EL-Duder-Reno]

All of san jose will soon look like Eastside San jose

[@paulsanchez408]

Maybe that would bring housing prices down from outrageously expensive to just regular expensive.

[@hyperreal]

There is a housing shortage in california. It is incredibly expensive to build. California Environmental Quality Act (CEQA) is the cause. We need de-regulation or the prices will never come down ever. We are prioritizing “the environment” over humans.

[@GIONATION5]

😂😂😂😂😂 genius way to screw up all the neighbors property values 😂😂😂😂

[@scottcharney1091]

Why?

[@pickletickle5144]

Just move out of blue California

[@Dptl]

😂 lets reinvent the trailer park..

[@plusblood5101]

Bad idea Really bad

[@scottcharney1091]

Why?

[@user-iv7db4pe8v]

Just sad!

[@EL-Duder-Reno]

Great idea! Gonna love your Somalian and Haitian neighbors. Their such kind people. Like the broadcast says Portland OR has the most ADU's. It looks nothing like a de- militarized zone.

[@MrLakers92]

Lmao who cares? Isn’t America about free market capitalism? If the Haitian or Somalian is paying the highest price, it shouldn’t be of concern.

[@EL-Duder-Reno]

@MrLakers92 San jose is gonna love having 200 cars parked on the street and sidewalk. What a lovely neighborhood

[@scottcharney1091]

What do you have against them? The Dude would not talk like that.

[@emilianojaramillo7262]

Another dumb unit

[@andrewfisher8749]

After decades of NIMBYS and Democrats making building impossible while encouraging population growth 😂

[@harlanjackson6112]

Why blame Democrats? #1 barrier to development in CA is CEQA. Which was passed in 1970 when Ronald Reagan was Gov and the majority of Californians voted GOP.

[@scottcharney1091]

Yes, this does challenge NIMBYism.

[@andrewfisher8749]

@@scottcharney1091 Without any forethought. Undersized utilities, zero parking, outrageous fees/permits. Typical Democrat band-aid making things worse. Virtue signaling always.

[@scottcharney1091]

@@andrewfisher8749 Has that happened elsewhere? ADUs are common in lots of places.

[@copyprint-fz2hb]

nothing in the Bay area is worth it , LEAVE CALI while you can

[@freewifi510]

that guy ryan is creepy