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I'm skeptical that the bribes will be big enough to affect most land owners in San Francisco, but I don't have any numbers handy about the average income of the
by mattnewton 11y ago
I'm skeptical that the bribes will be big enough to affect most land owners in San Francisco, but I don't have any numbers handy about the average income of the NIMBY's in that city. Just an intuition that they stand to lose far more in property value than it is practical to pay them.
Side note - Does anyone know of a place to get that kind of information? Maybe it can be triangulated from census data + some other source?
- chillydawg 11y agoIt certainly would not work in London where council tax (effectively residential property tax) is a maximum of a couple of £k per year. Even if you had 100% discount, for someone in a £3m flat (common), it's nothing. They simply would not care.
- teacup50 11y agoThe idea that upzoning decreases property values is a pernicious myth that keeps being used to bludgeon these people as greedy NIMBYs. Upzoning in response to demand increases property values. It's very simple: you can charge more people high rent on the same plot. This isn't guesswork, we have the numbers. Upzoning is financially beneficial to existing home owners.