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Or move in next door, tear down the house, build a 4-unit, and rent out three of them. If the influence of NIMBY really was limited to the BY (backyard) these
by human20190310 7y ago
Or move in next door, tear down the house, build a 4-unit, and rent out three of them.
If the influence of NIMBY really was limited to the BY (backyard) these issues would be moot. The frustration is that owners are attempting to control land that they did not purchase.
- BeetleB 7y ago>Or move in next door, tear down the house, build a 4-unit, and rent out three of them. Depends on zoning laws. In my state, this was not allowed until legislation came about this year allowing it. You could not have a multifamily property in a single family residential neighborhood - not even a duplex.
- human20190310 7y agoI'm beginning to think this issue might self-correct. As more properties end up being owned by investors, the voting power of owners (as a category) is commensurately lower, since a single investor usually owns multiple properties, yet gets only one vote. As the number of renters increases, they can support zoning changes that add supply and reduce their costs.