4 ms·
A ton of good and interesting bits in here, but the real payoff I'm pasting below as I fear others might not make it to the end of the article: ________________
by michaelbuckbee 8y ago
A ton of good and interesting bits in here, but the real payoff I'm pasting below as I fear others might not make it to the end of the article:
_________________________________
In turn, what this means is that the NIMBYs are not all crazy. If you try to improve your home, the neighbourhood, or the region, you will not improve the property values, so don't waste your money (or municipal funds); the property values are already at maximum. But if you build more housing, you run the risk of putting DSR below 1.0 and sending property values into free fall, as they return to "normal" "healthy" market conditions.
- nkurz 8y agoThis might also be useful knowledge to the currently non-voting renters who one day hope to enter the market. It's about half-and-half own vs rent for the Bay Area as a whole, but SF and Oakland are majority renter. Vote now to increase housing stock, and you might soon be able to buy in at a reasonable price!
- burlesona 8y agoFor some definitions of “soon” :)