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This is a big difference between the two. I'm totally ok with Japanese zoning, if we get Japanese depreciation and all housing is required to become worthless a

This is a big difference between the two. I'm totally ok with Japanese zoning, if we get Japanese depreciation and all housing is required to become worthless after 2 decades. However, YIMBYs only want half of that -- they want Japanese zoning, with American infinite appreciation. Which is disastrous to basically everyone who works for a living.

kcorbitt 8y ago
> YIMBYs want [...] American infinite appreciation. I'd appreciate a source on this. Most self-identified YIMBYs I've met in San Francisco would be ecstatic if housing prices stabilized or fell – in fact that's one of their primary objectives. Vocal YIMBYs I've met are either (1) young people who don't own property, for whom the current stratospheric prices are out of reach, or (2) employers who have to convince those young people to come and work in the Bay Area, despite the unbearably high cost of real estate.
- deleted 8y ago
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- oliwarner 8y ago
  Are these really YIMBYs? Do they own the property they want to live in (ie is it their back yard?), or are they renting nearby and want to own a nicer property? I'm certainly not arguing that some markets need resetting, but as parent says, this isn't what the people who want this want. They'll sell progressively crappier and crappier property because that's what property markets will bear when unregulated. The only way to depreciate without lowering quality is area decline. Sounds awful but I honestly think some places need this. If they keep growing, keep sucking in high paid jobs, the lower classes (that the upper classes need) won't be able to afford to live where they need to.
oliwarner 8y ago
The property and land owners in areas like this want to flip everything for the highest possible amount of money. They have no long term interest in it remaining their back yard. You might argue that it might become self-limiting based on what the market will bear... But looking at London, and the awful living conditions at the bottom end of the market only confirms that once you have critical mass, and people need to live somewhere, vendors and landlords can get away with murder and somebody will still chuck money at them.

kcorbitt 8y ago

> YIMBYs want [...] American infinite appreciation. I'd appreciate a source on this. Most self-identified YIMBYs I've met in San Francisco would be ecstatic if housing prices stabilized or fell – in fact that's one of their primary objectives. Vocal YIMBYs I've met are either (1) young people who don't own property, for whom the current stratospheric prices are out of reach, or (2) employers who have to convince those young people to come and work in the Bay Area, despite the unbearably high cost of real estate.

deleted 8y ago
[deleted]
oliwarner 8y ago
Are these really YIMBYs? Do they own the property they want to live in (ie is it their back yard?), or are they renting nearby and want to own a nicer property? I'm certainly not arguing that some markets need resetting, but as parent says, this isn't what the people who want this want. They'll sell progressively crappier and crappier property because that's what property markets will bear when unregulated. The only way to depreciate without lowering quality is area decline. Sounds awful but I honestly think some places need this. If they keep growing, keep sucking in high paid jobs, the lower classes (that the upper classes need) won't be able to afford to live where they need to.

oliwarner 8y ago

The property and land owners in areas like this want to flip everything for the highest possible amount of money. They have no long term interest in it remaining their back yard. You might argue that it might become self-limiting based on what the market will bear... But looking at London, and the awful living conditions at the bottom end of the market only confirms that once you have critical mass, and people need to live somewhere, vendors and landlords can get away with murder and somebody will still chuck money at them.