3 ms·
Nearby residents are already compensated. When you build a high density apartment, the value of land near it goes up.
by nsnick 9y ago
Nearby residents are already compensated. When you build a high density apartment, the value of land near it goes up.
- MarkMc 9y agoThe value of the land goes up, but the potential rental income goes down due to increase in supply. For house-owners the net change in property value will likely be positive, but for apartment-owners it might well be negative. In any case, support for NIMBY suggests the current level of financial compensation is insufficient.