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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?
by 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.