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I am sensitive to the investment aspect, because it is true what you thought you were buying has changed and possibly in a way that makes it less valuable. Ulti
by dcosson 9y ago
I am sensitive to the investment aspect, because it is true what you thought you were buying has changed and possibly in a way that makes it less valuable. Ultimately, it’s not what you actually bought so that’s kind of on you.
But I wonder if developers offered to buy neighboring houses at the same time they buy the first house, if that would help at all. Then the neighbors have the option of not losing any value because of the shadows that will go up or whatever. This would require by-right type laws where the developers could trust that housing is actually possible to build on these lots, otherwise buying multiple properties may be too big of a risk.
I suspect NIMBYs might like this idea even less since it could more drastically change a bigger part of the neighborhood, but it seems like it would at least partially address their stated concerns of neighbors being financially impacted.