new avenue homes chief executive officer kevin casey: hack the housing crisis slides
DESCRIPTION
New Avenue Homes chief executive officer Kevin Casey presented to the San Francisco Public Press and Shareable's Hacking the Housing Crisis in June, 2014.TRANSCRIPT
Suburban life is amazing
55% of US
homes have just 1 or 2
people living in
them
Traffic jams
Boomerang children
But homes are 50-100+ years behind the times
Aging-in-Place
Recessions
Massive shift form rural to urban
They were built before….
There are 1,500,000 single family homes in The Bay Area
Berkeley: 49,454
Palo Alto: 28,216
San Mateo: 40,014
San Jose: 314,038
Oakland: 169,710
Menlo Park: 13,058 Milpitas:
19,806
Fremont: 73,989
Cupertino: 21,027
Hayward: 48,296
San Rafael: 24,011
Redwood City: 29,167
New Avenue Project
>250,000 (19%) have just one person living there. Almost all are seniors who struggle with
maintenance, security, and isolation
30% of the 1,500,000 single family home owners want to reinvent their
home for sharing
1.5 Million Single Family Homes
500,000Want to Remodel
or Build New Space for Sharing
With Family or Friends
Trapped demand is 1% or 15,000 new homes per year
One car garage becomes one bedroom home.
20 minutes away by BART - Oakland/Berkeley
Cost: $872 per month (mortgage + taxes)
One acre lot become two homes30 minutes away by BART: Orinda
Cost: $1,300 per month< half of average SF one bedroom -
$2,900
We have a proven ability to convert online activity to profitable work for a network of local fulfillment
partners.
We have a proven ability to convert online activity to profitable work for a network of local fulfillment
partners.
Game changing opportunity is optimizing existing land and homes
~75% less expensive than subsidized “affordable” housing
We have a proven ability to convert online activity to profitable work for a network of local fulfillment
partners.
We have a proven ability to convert online activity to profitable work for a network of local fulfillment
partners.
Market Driven! Software can empower homeowners.
Consumer driven so no subsidies and no lobbying needed.
The Solution: Make an Overwhelmingly Complex Process Easier
Data driven standardized
service delivery shield
homeowner from nightmare contractors