Earlier quoted context omitted.
The thing is, my observation is true about the broader housing market in the Bay Area. Most homes are not homes owned by individuals with multiple homes. And at worst, they're homes on the rental market, and so still help to meet housing demand. Vacant houses are such a small fraction of the housing stock, that even if all of them were full of resident owners, the price problem would still exist.
The data suggest otherwise: https://www.fastcompany.com/90305242/taxing-empty-apartments...
California bill to add more housing in single-family neighborhoods blocked
121–130 of 175 posts
Re: California bill to add more housing in single-family neighborhoods blocked
#122Who blocked this? I am a California voter and I do not recall having any say over this blockage.
From the latimes article, it was a state senator from the Los Angeles area: “Sen. Anthony Portantino (D-La Cañada Flintridge), chairman of the Senate Appropriations Committee, announced at the beginning of the committee hearing Thursday that Senate Bill 50 would not advance this year, meaning the bill would not be debated again until 2020.” Edit: Here is a video of him saying that despite the crisis, he doesn’t think…
Re: California bill to add more housing in single-family neighborhoods blocked
#123Earlier quoted context omitted.
I think access to shelter is a human right. I think access to an empty house is not a human right. If your family sits down for dinner and one person gobbles up all the food before anyone else eats, were they within their rights? Will the rest of the family ever invite that person to dinner again? No. We implement these controls on consumption in all areas of life. "Limit 2" when there's a coupon, for example. "All y…
> I think access to shelter is a human right. Products and services can't be human rights.
Re: California bill to add more housing in single-family neighborhoods blocked
#124"We'll do anything to solve the housing crisis!" "How about building more housing?" "Anything but that!"
People currently living there don't see it as a "housing crisis". They see it as "too many people coming here, trying to change our single family house peaceful residential neighborhood into bigger buildings". So "how about limiting influx of new people / new development?" "Sure, let's do that" I understand newcomers may disagree with that approach, out of understandable self interest. But implying people currently l…
Somebody defending their interests doesn't make them not selfish.
Re: California bill to add more housing in single-family neighborhoods blocked
#125Earlier quoted context omitted.
> limiting the number of houses a person can own So your plan is to outlaw ..... renting?? Why?
No. It's to outlaw the purchase of more than 2 pieces of real property. Renting is fine by me.
In reality, half of the population will not want to (or be able to) own two properties (and many will not even be able to own one), so you end up with a nominal amount of home ownership, a very tiny rental market, and a bunch of people who both can't afford homes and have nowhere to rent because of the aforementioned very tiny rental market.
Re: California bill to add more housing in single-family neighborhoods blocked
#126> But opponents of the legislation argued that the changes anticipatedunder SB 50 would have unalterably diminished the quality of life in many California neighborhoods dominated by single-family home development. Interesting. The quality of life in such neighborhoods seems to me to be some of the lowest in the nation. Sure there are worse places but overall, in my experience, such neighborhoods have no stores, no de…
I personally prefer to live in a place where I can live my life through walking and transit, but I know quite a few people who prefer open, spread-out, commercial/industrial-free neighborhoods, and either don't mind or actively enjoy having a car and driving places.
Re: California bill to add more housing in single-family neighborhoods blocked
#127"We'll do anything to solve the housing crisis!" "How about building more housing?" "Anything but that!"
People currently living there don't see it as a "housing crisis". They see it as "too many people coming here, trying to change our single family house peaceful residential neighborhood into bigger buildings". So "how about limiting influx of new people / new development?" "Sure, let's do that" I understand newcomers may disagree with that approach, out of understandable self interest. But implying people currently l…
Re: California bill to add more housing in single-family neighborhoods blocked
#128Earlier quoted context omitted.
The data suggest otherwise: https://www.fastcompany.com/90305242/taxing-empty-apartments...
To expand further why I think you haven't made a good argument: if high vacancy rates are the problem, and the Bay Area has especially low vacancy rates, why is the Bay Area the least affordable region in the US? High vacancy rates are obviously not the cause of the housing crisis. Maybe you can make the argument that high vacancy rates _coupled with something else_ is the problem, but you don't seem to be making tha…
I don't think high vacancy rates are the problem, I think they are a symptom.
Most of the people in this thread are only looking at the bay area from the past dozen years or so. In 2002, the picture was much different. In 1999, it was the opposite of 2002.
When you've lived in an area for decades, you can pick and choose where and when you buy. If you just moved there for a job, you're stuck without that time diversification and leverage ladder used by the folks who have lived there for a long time and accumulated many properties.
Re: California bill to add more housing in single-family neighborhoods blocked
#129Earlier quoted context omitted.
So their plan to solve the housing crises essentially involves trying to keep new people out of the SF Bay area? Keep in mind that this is an area that heavily prides itself on being diverse and inclusive. People aren't clueless for defending their interests, but they absolutely are being highly deceptive in the way they are going about it. Many even go so far as to try and claim that increasing housing supply will a…
Again, from the people living there, what's the housing crisis?? Yes, they are trying to limit how many people are coming in, that's obvious. This is different from inclusive and diversity issues. This is about 100 new diverse people rather than 1,000. Again you can disagree with them, it is fair, but I think their approach is perfectly understandable, and if you want to argue and debate, no one should assume they ar…
Re: California bill to add more housing in single-family neighborhoods blocked
#130Earlier quoted context omitted.
Upzoning helps the homeowners who are upzoned, though I don't know how many of them realize it. Land can be sold at much higher values to developers if it's upzoned, and so its market rate is generally higher. It's those homeowners whose property isn't upzoned which are left out of the economic benefits.
Upzoning increases the value of the land, but decreases the value of pre-existing built square footage, since it's no longer an exclusivist area. If you have a brand new mansion built to the highest standards on the premise that it will be located in a tranquil neighborhood you might be on the net losing side if an apartment building is approved next door. In any case, you need to tear down your existing home in orde…