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I see what you are saying, that people staying in their houses is preventing people from moving out and the houses being destroyed and apartments built in their
by ktRolster 10y ago
I see what you are saying, that people staying in their houses is preventing people from moving out and the houses being destroyed and apartments built in their place.
- Kalium 10y agoBasically, the market is a good deal less liquid than it should be. This has a surprising number of nasty side-effects.
- ktRolster 10y agoI would be surprised if that were the real blocker in SF, though. If you look at this graphic, the yellow areas are all zoned to build no taller than 40 feet: http://static6.businessinsider.com/image/5342ef126da811ef6aba14fa-917-687/sf-building-height-zoning-1.jpg http://static6.businessinsider.com/image/5342ef126da811ef6ab...
- Kalium 10y agoThe two things are not independent. One of the reasons things are zoned so agressively and changes to zoning fought so hard is prop 13's effects.