351–360 of 645 posts
YIMBY should more properly be called YITBY (yes in their back yards).
Many of us are homeowners. Speaking for myself, I simply believe affordable housing for all is more important than my property value.
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I'm from Texas, and I don't understand the stigma against developers building more housing. It drives down prices, and increases competition. Why would California citizens ever be against this? Edit: The reason is because homeowners are competing with developers, so their own asset depreciates when supply increases. I was just thinking from the perspective of renters.
> I'm from Texas, and I don't understand the stigma against developers building more housing. It drives down prices, and increases competition. Why would California citizens ever be against this? Also from Texas: In Texas, developers building households generally happens on empty land in the suburbs, or in unused non-residential land. In LA or the Bay Area, it would happen by replacing single family homes with multi-…
The way I look at it is that the incumbents are there due to mostly accidents (of birth time/place) or of luck. Why should newcomers be disadvantaged due to accidents and luck?
Land is a finite resource, desirable land even more so. This is why we have things like property taxes, to reinforce the idea that property ownership is a privilege, and you have to pay for that privilege by contributing to the common good. We have zoning laws to attempt (though we often fail) to collectively make the best use of the limited land we have.
And from the other side, I just see it as just incredibly selfish to oppose reasonable housing development because people don't like change or are afraid that their home's 400% appreciation in value might drop to only 300% or whatever.
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Many of us are homeowners. Speaking for myself, I simply believe affordable housing for all is more important than my property value.
What I don’t get is wouldn’t allowing more development in a neighborhood increase property values? Like if your single family home’s lot gets up zoned, didn’t you just hit the jackpot in terms of the land value?
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Renters absolutely pay property taxes - just not directly. Every rental unit I’ve ever owned has had the exact same property tax bill as the ones I’ve lived in, and the taxes were paid from the rent collected. If property taxes increased substantially, I’d have had to raise rent...
Property taxes force homeowners to rent their properties in the first place: in 40 years of not renting your property taxes will confiscate it.
I have been asking someone..anyone..to give me an example of how building more housing leads to affordable housing. Like in real life.. Every high density over crowded over built city ..and this is global..is unaffordable. It has expensive utilities, higher taxes and bad declining infrastructure that the government can’t seem to replace or upgrade. We have pestilence, rodent infestations, higher crime, big government…
What?? San Francisco has the worst rent in the world, excepting Hong Kong. It's 600 dollars more a month than the average in New York. 2000 dollars more than Chicago... That's entirely due to the lack of high rise housing.
How about what do in Singapore? 97% of the population lives in state owned apartments on 99 year leases. Affordable to luxury homes for all income levels.
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The house that the owner lives in is not an asset. It's a durable consumer good. Wanting your home to appreciate in value forever is like expecting your 20-year-old car to sell for more than its sticker price. It really only works for art installations, created by a collaboration of architect, engineer, and builder, with some living space inside. Framed in these terms, most families do not have any significant assets…
So you're saying that a house is not a good investment? That despite a trend in increasing property values over the long term, as we have seen in the data since .. the beginning of cities, that a price correction is coming where homes will return to ... prehistoric levels? I don't see it. Instead look at a sample of home prices in the last twenty years in the Bay Area for example, and graph it against the value of a…
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You want to displace retired people on fixed income because you like to have young and diverse neighbours? It is more than selfish. This is bigotry against the elderly.
If this is a good-faith reply I suggest you reread the parent.
Earlier quoted context omitted.
Many of us are homeowners. Speaking for myself, I simply believe affordable housing for all is more important than my property value.
What I don’t get is wouldn’t allowing more development in a neighborhood increase property values? Like if your single family home’s lot gets up zoned, didn’t you just hit the jackpot in terms of the land value?
YIMBY should more properly be called YITBY (yes in their back yards).
Earlier quoted context omitted.
If this is a good-faith reply I suggest you reread the parent.
May I request you to please cut and paste the part of the parent which I might have misunderstood? This is the parent, afaict: [..] notJim 2 hours ago | undown | parent | flag | favorite | on: California’s housing crisis: how a bureaucrat push... Also a homeowner, and I'm a YIMBY (or PHIMBY) for selfish reasons as well. My neighborhood is mostly old white people, because they bought their houses years ago and stayed…