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Actually, you get double bonus wherever you add housing, because you'll never add enough transportation or parking as necessary so that neighborhood will also s
by kurthr 9y ago
Actually, you get double bonus wherever you add housing, because you'll never add enough transportation or parking as necessary so that neighborhood will also start to suck! Also, housing people is a net drain on the tax base so the city services get worse or taxes increase.
Win, win!
Yeah, that's why NIMBY... on the other hand add transit, jobs, or retail somewhere and house prices go up locally with it because people want to live there (reduce their commute and buy $#&+) and it pays enough taxes. Retail moves where people flow. It takes planning and not just building.
- Brotkrumen 9y agoSo people move to reduce their commute, effectively their use of roads, but that shorter commute will not reduce their use but increase it? Tough proposition. You also posit that people hold parking at a premium and that new house will not try to capture that premium. Mhhhh
- ch4s3 9y ago> Also, housing people is a net drain on the tax base so the city services get worse or taxes increase I'm not sure what you're talking about here. It's far cheaper to provide services at higher density, far cheaper. You need fewer meters of sewer, conduit, etc. Transit lines can be shorter with fewer connections. Additionally, if you bring more people into a municipality, you generate more taxes through increased property values, increased sales tax revenue, and income taxes if you municipality does that.
- kevinburke 9y agoThis is actually not true in California where new housing pays property taxes at 2017 rates. Thanks to Prop 13 there are a lot of homes worth more than a million dollars that are still paying $5,000 or less per year in property taxes.