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Posting by MIT News below is excellent  b y Peter Dizikes, MIT News Office September 15, 2011

Home prices in many of the world’s most famous cities run to well over $1,000 per square foot. By contrast, MIT architects have produced a decidedly more affordable alternative: the first prototype from the Institute’s “1K House” project, an effort to see if low-cost homes for the poor can be constructed for $1,000, total.

The prototype, called Pinwheel House, was designed by Ying chee Chui MArch ’11, a graduate of MIT’s Department of Architecture, and has been constructed in Mianyang, in Sichuan Province, China.

“It’s part of the responsibility of an architect, to create these spaces for people to live,” Chui says. “It’s from the heart.”

Chui first designed Pinwheel House in 2009 as part of the design studio — essentially a class — that launched the 1K House effort. The project is particularly focused on affordable housing for areas hit by natural disasters, such as the 2008 earthquake in Sichuan. This prototype turned out to be more costly, at $5,925, but is still very inexpensive in relative terms.

The idea to attempt building $1,000 homes was first conceived by Tony Ciochetti, the Thomas G. Eastman Chair at MIT’s Center for Real Estate, and inspired by One Laptop Per Child, the foundation headed by MIT professor Nicholas Negroponte that brings low-cost computers to children.

“There is a huge proportion of the world’s population that has pressing housing needs,” says Ciochetti, who first got the idea for the initiative after seeing a family of four emerge from a tiny mud hut while he was traveling through rural India. Like One Laptop Per Child’s aim of developing $100 computers, Ciochetti adds, the idea of the $1,000 house is intended as a challenge to designers: “Can you build affordable, sustainable shelter for such a large population?”

Pinwheel and courtyard

Chui’s house is one of 13 plans that emerged from the first 1K House design studio, in 2009. It features hollow brick walls with steel bars for reinforcement, wooden box beams, and is intended to withstand a magnitude 8.0 earthquake.

The Pinwheel House prototype was more expensive to build partly because it is larger than Chui’s original design — about 800 square feet, rather than 500 square feet. The smaller version of the house could be built for about $4,000, says Chui, now an architectural practitioner in New York City. That figure could be still lower if a large number of the homes were built at once, she adds.

In any case, the central design concept of Pinwheel House is the same: It has a modular layout, with rectangular room units surrounding a central courtyard space. “The module can be duplicated and rotated, and then it becomes a house,” Chui says. “The construction is easy enough, because if you know how to build a single module, you can build the whole house.”

Yung Ho Chang, a professor of architectural design at MIT who helped oversee the 2009 1K House design studio, thinks the prototype has fulfilled the promise of Chui’s design. “The house Chee built has good ventilation and good light,” Chang says.

Chang, for his part, is originally from China, and runs an independent practice there, Atelier FCJZ. He was attracted to the 1K House project, in part, by the shortage of good housing in some parts of his native country.

“After the earthquake, this project came as a natural thing to do,” Chang says. “It’s not just about how cheap the house is, but if it’s decent. When you look at living conditions in parts of China, India and Africa, they don’t meet the basic standards of what we think of as real housing.”

From $1K to $10K?

The 1K House project has proven successful enough, and attracted enough attention, that Chang is overseeing a related MIT design studio this fall, along with a number of outside collaborators. This one aims to create a series of home designs, intended for Japan, which would cost $10,000 to build. Participants in the studio include architects and designers from Tokyo University, the Japanese architecture firm Tsushima Design Studio, Atelier FCJZ, the Japanese retailer Muji, and Vanke, a real estate development firm in China.

“The idea of the 1K house is very much about how could we, as architects in research institutions like MIT, work on world poverty,” Chang says. “This semester, the mission is more about how design could reach a bigger percentage of the population, in the middle class.”

The new design studio also aims to create homes that could be built inexpensively following natural disasters, such as the earthquake and tsunami that struck northern Japan in March. Rebuilding in such situations, Chang says, often entails three stages of construction: the creation of temporary shelters, then stronger temporary homes sturdy enough for winter weather, and then permanent replacements for damaged or destroyed buildings.

During that process, Chang says, “there are a lot of resources wasted, including energy.” Alternately, he suggests, inexpensive and simple houses built from an existing template could let countries rebuild more quickly with practical, permanent structures.

The use of inexpensive housing for rebuilding is, in part, why architects in Japan are now engaging with the project. The initiative “is an important step in the realization of rapid/permanent community building,” says Andrew Wit, an architect with Tsushima Design Studio, responding to questions by email. After disasters, he adds, “the government very quickly builds shelters to house all of those affected by the events, but these cheap housing types have very short lifespans and are also made at very low quality standards … But the [MIT house project] asks if it is possible to utilize new technologies and processes for the quick creation of housing equal to or higher then the typical quality standards which are currently seen in Japan.”

Plenty of hurdles remain before any home can be manufactured for $1,000 or less. “If it were easy, somebody would have done it,” Ciochetti says.

But ultimately, Chang hopes, convening further studios in the vein of the 1K House project will allow more designs to move from the drawing board and onto solid ground. “The inexpensive laptop got to be more than an idea, it became available for children,” Chang says. “I hope one day we’ll be in the same position.”

After watching this if your not disturbed by the monetary system watch Conspiracy Theory Jesse Ventura Wall Street!

Part 2

Part 3

I hope you’re as concerned about the Federal Reserve Bank and the amount of fraudulent debt that is now on the books of the US strangling the freedom of the United States.  As long as the Fed and Goldman Sachs run the money stream and the Rothschild are pulling the string; we’ll be no better then indentured servants in the US.  Only when the US goes back to there own money like Abraham Lincoln’s Green Backs, interest free money, will we have a chance of being the country we think we are!

Pretty much the same in the avenues area as the county.  Absorption rates over 8 month mean decreasing prices!   That not good news going into the winter and no help in site form the government on incentives to get more home owners in the market!  Looks like the market will continue to be drive n by Short Sales and Foreclosed bank owned property!

Prepared By:

Tom Winand

Spotted Home LLC

801-403-9774

This report was generated automatically by the Wasatch Front Regional MLS on 11/10/2010 at 01:18 PM

Form what I predicted last summer of 10 to 12% this year were on pace for that.   It looks like it my be right on track for 12% with winter coming.  Were going into the worst time of the selling season and we have no tax credit and no help to see in the future.  With foreclosures or the short sales driving the prices down no decrease in that inventory.  We have record foreclosure in Salt Lake county over the last 3 months.  I predict an addition 5% decrease in price per sqft by the end of the year. We just have nothing to prop up the housing sales market at this point for the foreseeable future.  Mortgage rates have no affect.  I see that trend continuing for the first quarter of 2011.  I  would look to bring out the old tax credit for housing at end of  March or beginning of April.  Buckle up it going to be a home buyer market for the winter in Salt Lake; large sale prices will be had by buyers this Holiday season if you can buy, do it!!!

That is Realty as is and my prediction.  I have been right so far.  We’ll with the acceptation of the stocks falling below 9,000 in the summer it only hit 9,500.  Look for Salt lake county price per sqft to hit the $84 mark by the end of February .

Back to my point how do you as a home owner not miss the best selling time with a bogus offer? We’ll you take a little piece of the short sale addendum allowing the property to stay on the market active because the offer is not binding. You can have multiple offers to buy the seller can accept all in order. The seller accepts an offer in first position and gives them a first offer the right to match the offer. Match what you say Price and ability to close. So there is no binding contract until the buyer shows the ability to close. Make the primary offers earnest money (at least 1% of sales price) non-refundable unless the inspection finds an undisclosed pertinent and substantial fact that affects the value of the home such that it will deter future home buyers, that he seller is unwilling to correct. So not the first offer ready to close force the primary offer to step up and match it or lose their earnest money if they back out. You may want to do 2% that how strongly I believe seller will be take advantage of in this crazy buyer purring in multiple offers. Some buyers will not disclose they have a home to sell. All listing agent should put a Q & A addendum do you own another home. Will you have to sell or rent the home to qualify? Then get a Pre Qualification letter stating the lender knows of this and they buyer qualifies without selling the home.

If you’re an agent or sell take this to heart it will be happening making offer on multiple property. It’s probably unethical if you don’t disclose it to the seller but agent think they can just put in contingency that will allow the buyer to back out. Like financing oh they can’t buy 2 home so they don’t qualify. Right we need to hold this kind of activity accountable but how?