Costco Plans to Build 800 Prefab Apartments Above Its Newest Store
https://finance.yahoo.com/news/costco-plans-build-800-prefab-170900174.html
This is a very interesting idea and this plan could be used for other new Costco stores.
Costco Plans to Build 800 Prefab Apartments Above Its Newest Store
- Thread starter Dave Hess
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https://finance.yahoo.com/news/costco-plans-build-800-prefab-170900174.html
This is a very interesting idea and this plan could be used for other new Costco stores.
It appears to be an excellent plan. Costco stock just keeps going up and I hope they have a great success with the new housing.
I wonder what the parking situation will be for the tenants? I assume people will think it should be a non issue as Costco will have parking for its customers. Apartments are being developed in LA with little to no parking. Enter "la apartments no parking" on Google if you don't believe it.
Makes no sense.
In the city - yes. But how many Costco's are in the city? There in Suburbia.
I call market peak on apartments.
In the city - yes. But how many Costco's are in the city? There in Suburbia.
I call market peak on apartments.
Especially in L.A. Grab and Go, drop the stuff off in their apartment, have a cup of coffee, and back into the store for another round of Grab and Go.
Parking garage ?
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All kidding aside I do have a lot of faith in Costco. I'll always remember during the pandemic there were papers printed and taped to the meat cases, stating the high prices in no way represent increased margins, and that when supplier prices retreat, so will the prices for members. I believe that Costco is in a unique position where members trust them to be fair.
I see it as people becoming dependent on corporations.
However if anyone took the time to read the article Costco is NOT helping LAs so called affordable housing crisis by building 800 apartments of which less than 25% (184) will be considered “affordable”
Makes great press but it’s something almost every builder does. The affordable ones will be the small oneBR/studios the other 626 will be out of reach for most the article is referring to.
COSTCO caters to the mid, upper middle class and higher, nothing wrong with that, we were there yesterday but for the so called article to present like they are concerned for anything but profits, well … the public is gullible
However if anyone took the time to read the article Costco is NOT helping LAs so called affordable housing crisis by building 800 apartments of which less than 25% (184) will be considered “affordable”
Makes great press but it’s something almost every builder does. The affordable ones will be the small oneBR/studios the other 626 will be out of reach for most the article is referring to.
COSTCO caters to the mid, upper middle class and higher, nothing wrong with that, we were there yesterday but for the so called article to present like they are concerned for anything but profits, well … the public is gullible
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"Welcome to Costco. We love you"
Idiocracy
I’m also a shareholder and COST is a excellent company to buy and shop at.
I don’t have a membership cause I shop at Publix @ 7 AM.
Costco opens at 10 AM which is very late for me.
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I definitely feel that way with one of the female associates working in the store near my work.
One day I was having a bad day and she came up to me, “Hi friend? No wife today?”
Yes my imagination was turning lol
Now get that credit card ready!
You’re not leaving until you purchase at least into the triple figures!
Wife and I laugh every time we go there.
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Oooh dyson is on sale $500! J/k I research that kind of product, but $50 items wind up in the cart unplanned
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You can have a kitchen fire on your 12th month and they’ll refund the last year’s rent….Kirkland Signature luxury apartments
Interesting... As others have said, what about parking, etc? Might make sense some places, but not others...
Costco is a pretty smart company. For many, it could be a win-win.
I like the cheaper gas!
Costco is a pretty smart company. For many, it could be a win-win.
I like the cheaper gas!
People are dependent on corporations? No kidding! Lol. But it is not like Costco is the only company selling housing. Nobody will be forced to rent one at gunpoint.
Hmmm. 25% affordable? That sounds nice, to me. Not greedy. They didn't have to make ANY of them in that category.
I find it an interesting idea. It'll be fun to watch how it pans out.
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Of course they are mostly targeting the middle class.Too many of the people who live in low cost housing have issues that make them less than desirable as neighbors and tenants. Nobody with better options wants to live next door to a crackhead. I imagine their screening process for the 25% “affordable” will be quite involved.
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