3 ms·
Its much more likely about the degradation in the quality of life if you were not thinking about moving in the near future than improving your investment. Its
by jpao79 9y ago
Its much more likely about the degradation in the quality of life if you were not thinking about moving in the near future than improving your investment. Its likely not about the one bungalow getting converted to 3 townhouses its the 10 more bungalows on the same block (that already has minimal parking) that will get converted once the first 3 townhouses sell for $1.5M each.
And then your house will get re-appraised for higher and your property taxes will go up, all while you were busy planting tomatoes.
Here's an example of what happens when there is a rapid increase in density in a formerly suburban town with minimal transit options:
https://www.paloaltoonline.com/news/2016/12/02/traffic-mess-gridlocks-palo-alto-for-hours https://www.paloaltoonline.com/news/2016/12/02/traffic-mess-...
'The number of exhaust-spewing vehicles lined up in front of Downtown North and the Crescent Park homes was stunning, even to residents who endure heavy traffic in those neighborhoods.
"Last night was similar what happens most weeknights on Middlefield, just on steroids and over a wider area. There were double lanes of traffic on the four blocks of Middlefield north from about 3:30 to after 7:30 p.m. I did not see exactly when it cleared," said John Guislin, who has been working for years on traffic-calming measures along Middlefield.
"I had planned to go out to do errands but was completely blocked from leaving my driveway. Remember, Middlefield has two lanes in each direction, so backing out is extremely difficult because even if a car in the curb lane stops for you, the center lane can't see you until it's too late." he said.'
Silicon Valley VCs and YCombinator need to encourage growth where there is existing mass transit and the infrastructure/city services can support 20 story residential. They should definitely look south toward San Jose (BART, High Speed Rail).
Watch this PBS news hour segment starting at minute 7.
https://www.pbs.org/newshour/show/ever-growing-tech-giants-have-changed-the-pace-and-price-of-life-in-silicon-valley https://www.pbs.org/newshour/show/ever-growing-tech-giants-h...