3 ms·
I agree that most people don't conceptualize it in quite those terms, but the choice really is: * Allow new higher density development, accept that your neighb
by pjlegato 10y ago
I agree that most people don't conceptualize it in quite those terms, but the choice really is:
* Allow new higher density development, accept that your neighborhood will be under construction for years and then will look vastly different forever; and besides that, the city has to divert budget from other things to pay for building expanded infrastructure now (because California property taxes are mostly fixed by Prop 13);
* Fight development, the city spends that money on your pet project instead, the neighborhood looks the same as it always has, and then there's the bonus that your house will be worth a whole lot more in 5 or 10 years.
This is why you have unremarkable 1950s-era 3 bedroom ranch houses that would go for 75k in most US suburbs selling for $2m in Silicon Valley. It's why you can pay $5000 a month for an apartment in San Francisco that would be $700 a month in most US cities.