4 ms·
#2 Sure ROI isn't everything. But when you forgo every other saving/investment opportunity to buy a house, then ROI becomes almost everything. Because that is y
by WWKong 10y ago
#2 Sure ROI isn't everything. But when you forgo every other saving/investment opportunity to buy a house, then ROI becomes almost everything. Because that is your investment/future.
#3 I buy it that adding housing is overall better. I'm pro-housing. But what do you tell the folks who bought million dollar studio this year? That we are going to improve things for everyone (mostly coming in after you) at the expense of your investment? Are you open to building more housing and using tax dollars to reimburse folks who bought at peak?
- landryraccoon 10y agoOne or two bedroom apartments don't decrease the value of single family homes. More jobs and more population density increases the overall value of a city. New grads and singles moving into a city need a place to live, and rental units provide it. Think about it this way - if you demolished all the apartment buildings in San Francisco or New York, would the value of single family homes go up or down? Would brownstones in New York be worth more if there were no apartment buildings Harlem or Queens? If you walled off and burned down the Tenderloin and Point Richmond, would that mean that houses in the sunset would be worth more? I doubt it, since the city overall would be a less desirable place to live with fewer opportunities to work, and lower density means that fewer bars, restaurants, retail establishments, museums etc.. could be supported.