> "It shouldn’t take six years for any city to agree to give itself permission to build the sort of homes that every city once allowed." This is IMO the big thing here. Cities used to allow this kind of construction. Our auto-friendly culture and the desire of landowners to keep poor people off their block has led to increasingly draconian restrictions on private property use. I understand regulations around keeping…
Wouldn't this also be a win for real estate developers and property investors? - Purchase old home or lot. - Tear down old structure. - Build new 4-plex or 6-plex. - Sell/Rent 4-6 units on a plot. Example: "ABC" owns rancher on a single plot. Rents out rancher for $4000/mo. Current revenue is $48000/yr. "ABC" turns rancher into modern 6-plex on the same plot. Rents out each of the 6 units for $2000/mo. New revenue is…
Portland passes low-density zoning reform
351–360 of 438 posts
Re: Portland passes low-density zoning reform
#352Earlier quoted context omitted.
> And the gain wouldn't exist with stricter zoning because it comes from the fact that your property is worth more when somebody can buy it and build twice as much housing on it. Counterpoint Bay Area. Industry hotspot, liberally allows office development, aggressively fights any new residential develpment and also freezes property taxes at the time of purchase.
Three of those are just other ways of increasing real estate prices. They're additive, not alternative. Now suppose somebody could knock down your million dollar three bedroom home there, put up five condos that size on the same lot and sell them each for $750K. That'd make the property itself worth more than a million dollars, right?
On top of that in CA, if you were to hold your million dollar home, your property taxes are locked in even while the asset value increases exponentially. You can even give your house to your kid, and they will pay the tax rate you paid. If you tear out your house and build 5 new condos, suddenly you are paying market rate property tax again.
Re: Portland passes low-density zoning reform
#353Earlier quoted context omitted.
> views and the light that falls on my property We need blanket legislation outlawing the notion that by virtue of purchasing a plot of land one is also purchasing control over everything visible from said plot at the time of purchase.
So basically, we need to legally mandate that the only way for people to ensure that they have basic things like sunlight and not staring into a brick wall - or perhaps worse, having an endless parade of other people staring into their rooms and garden from the new multi-story art gallery across the street - is via sprawl that makes existing suburbia look positively compact? The problem with this kind of thinking is…
Rule: you can't build more than one story higher than your neighbors.
Under this rule your property will become more valuable when your neighbor builds up, because it just got upzoned for free!
Re: Portland passes low-density zoning reform
#354Re: Portland passes low-density zoning reform
#355Earlier quoted context omitted.
In practice, they do. Bikes are much smaller, much nimbler and much slower than cars. Unless the street is completely packed with pedestrians, fully pedestrian streets work well with ebikes. This is from experience riding bikes and having people ride bikes next to me in fully pedestrian streets as dreamt about by GP.
I have a very different experience than you. I ride or walk everywhere I go. Bikes may be slower than cars, but -- when they're being used for commuting, not toodling around on a Sunday afternoon -- they are much, much faster than pedestrians. When I'm walking, I don't want bikes whizzing by me at three times my speed. When I'm biking, I don't want to be constantly worrying about people on foot -- or their kids, or t…
Re: Portland passes low-density zoning reform
#356Earlier quoted context omitted.
In the city I live in (somewhere in Europe), there are no such restrictions. Every time someone sells their house they split the terrain in two and rebuild because it's more advantageous price wise. As a result terrains got smaller and smaller, we used to have a beautiful city with old buildings, tons of trees, large gardens, a really calm and safe place to raise a family, now it looks like shit and crime has gotten…
Areas where it is profitable to do this are areas where housing demand is increasing. Which means that anybody who owns property in such an area can sell it for more than they paid for it, move somewhere else and have the significant monetary gain to compensate them for their trouble. And the gain wouldn't exist with stricter zoning because it comes from the fact that your property is worth more when somebody can buy…
People don’t want to leave their homes and move away from family and friends just so a city can grow.
Life isn’t just about money.
I don’t want my city to grow any larger - higher density means lower quality of life for the people who have lived here for decades - aka my actual community.
Re: Portland passes low-density zoning reform
#357Earlier quoted context omitted.
I understand that most cities also have restrictions like minimum unit size and requirements for every unit to have it's own bathroom and kitchen. In the past people who just started out and poor people had the option to rent such rooms and that way afford to live in urban areas and avoid a crazy commute. To make that work now you have to find roommates and take over a unit that wasn't meant for this use case. It's n…
Sometimes we need to relearn from the lessons of the 20th century and not go around and build tenements again. Minimum standards are a necessary thing for long term sustainability of cities and are especially important as things pertain to public health. Anti tenement laws became popular during the spanish flu outbreak for a reason.
Consider that tenements also haven't gone away, and sometimes several family units are packed into a single 1br apartment in LA or in other high COL places as we speak. I've seen bunks for rent that look like they came out of a prison on my local craigslist, asking for $500 a month.
Cheap and communal housing would solve so many ills that currently exist for the working class simply because we refuse to build this sort of housing anymore. Housing that used to dominate cities like LA and gave opportunity to the working poor who couldn't afford a better situation. Housing that we sorely lack, and the lack of which push people into real tenement conditions today, or even on the street, while they work part or full time trying to make ends meet.
Re: Portland passes low-density zoning reform
#358Earlier quoted context omitted.
Most of the world lives in housing poverty compared to American norms.
Most of the US still lives in really crappy old homes built in the last century, with asbestos insulation, tar shingles, fiber board, and wood rot. Doesn't really compare with building standards in Europe, even Eastern Europe. China also has modernized and built some awesome cities. Middle East, and Asian cities are also pretty modern. I'm not really sure who you are comparing to? India? Africa?
Re: Portland passes low-density zoning reform
#359Earlier quoted context omitted.
So now you have a widely distributed system of insurers to deal with making the rules, rather than people I've elected to represent my interests? (Even if said elections don't always go my way.) Who are those insurers beholden to, what are their incentives to represent the consumer in any way?
> Who are those insurers beholden to, what are their incentives to represent the consumer in any way? Their incentives to represent the consumer are rooted in the fact that the consumer can switch to another insurance company. Which means that if one has overly strict requirements without charging correspondingly lower premiums, nobody will use them. Then you get the incentives you want: People prefer both lax requir…
Two follow ups:
1) Isn't this inefficient? E.g. insurance is most efficient the larger the pool is. Doesn't this system introduce inefficiencies (and therefore risk) into the market?
2) Do you feel like there are adequate tools to choose between different insurers today, and do you expect that everyone who owns or improves property should be reasonably expected to make an informed decision about which insurance company to go with? It's hard enough now to insure my car, let alone all the individual decisions that go into building a house. (From materials to design decisions to occupancy rates to the health of the occupants, etc.)
Re: Portland passes low-density zoning reform
#360I live in the area. Proponents have couched this as a 'progressive' vs. 'nimby' effort, which like the rest of life is not true at all. Housing is complex, not good vs. evil, liberal vs. conservative, urgan vs sprawl. If you doubt this, watch how much this comment is downvoted. One thing we know, based on over a century of data around the world: increasing density of housing has little effect on affordability, in the…
I have no idea where you are getting your data. Zoning density restrictions and overuse of historic landmark status create artificial scarcity of land resulting in higher housing costs. These both create market failures in housing. In Japan for 20 years there have been federal laws overriding local law that restricts zoning density. The result: in Tokyo they have been building 140,000 housing units per year compared…
"The average price of new condos in Tokyo was 71.42 million yen, or about 642,000 dollars, in 2018. This is the highest it's been since 1991" https://www3.nhk.or.jp/nhkworld/en/news/backstories/406/
Housing is complex.