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Many people who own property absolutely want to put more units on. Others who own property want to stop it because of NIMBY. Lets say you have a single family
by triviatise 8y ago
Many people who own property absolutely want to put more units on. Others who own property want to stop it because of NIMBY.
Lets say you have a single family home worth $2 million and you replace it with an 8 plex. You can sell each unit for $1M and still make a killing while also dramatically increasing the affordability of the area.
The answer is simple, but the NIMBYs are stopping it due to "neighborhood character"