5 ms·

Zoning is a big issue, neighborhood associations almost universally oppose new development and they have a lot of say in the process.

by tspike 7y ago

dv_dt 7y ago
Right but it's unclear how Prop 13 drives that. If you repeal Prop 13, presumably it forces more people to sell, but that just means different people with closer to market price mortgage ratios. Would make it more or less likely to oppose new development if they're at risk if something changes and the price goes down on their homes?
- bradlys 7y ago
  > it forces more people to sell More availability -> lower prices. A lot of people hold because the income:expense ratio on their property is really great. If your rental home goes from $1000/yr in taxes to the $15k/yr that every new homeowner is paying, you'll see that cut into your rental income. You could try to raise rent by $1000+/month but that won't happen because salaries aren't gonna rise that fast. So, you'll sell. Thus, as a homeowner, when you go to sell then you will get less... A lot of these homes will fund peoples retirement in other regions. I see a lot of people in older age (who don't want to deal with renting, don't want to pass the home down, or didn't save for retirement) selling their homes here and moving to somewhere cheaper. They get to live a nice life off the gains they made.
  - dv_dt 7y ago
    I think policies forcing people out of homes are bad. And if you look at history, people that get forced out of their homes arent going to a nice farm upstate - they go into declining and more precarious life with less stable housing and financial situations.
    - bradlys 7y ago
      Strawman argument. People in $2m homes are not going to live a poor life with less stable housing when they sell. Even if it sold for 50% less. Give me a break.
      - dv_dt 7y ago
        not everyone lives in a $2M home... not even in CA
PHGamer 7y ago
which is a big government problem which is a california problem (though some townships in rural american can be quite big government themselves). Zoning should be illegal imo but I get that assholes make it some you need some rules. The problem is everyone adds to their rules to control their fifedom.

Zoning is a big issue, neighborhood associations almost universally oppose new development and they have a lot of say in the process.

by tspike 7y ago

Zoning is a big issue, neighborhood associations almost universally oppose new development and they have a lot of say in the process.

dv_dt 7y ago

Right but it's unclear how Prop 13 drives that. If you repeal Prop 13, presumably it forces more people to sell, but that just means different people with closer to market price mortgage ratios. Would make it more or less likely to oppose new development if they're at risk if something changes and the price goes down on their homes?

bradlys 7y ago
> it forces more people to sell More availability -> lower prices. A lot of people hold because the income:expense ratio on their property is really great. If your rental home goes from $1000/yr in taxes to the $15k/yr that every new homeowner is paying, you'll see that cut into your rental income. You could try to raise rent by $1000+/month but that won't happen because salaries aren't gonna rise that fast. So, you'll sell. Thus, as a homeowner, when you go to sell then you will get less... A lot of these homes will fund peoples retirement in other regions. I see a lot of people in older age (who don't want to deal with renting, don't want to pass the home down, or didn't save for retirement) selling their homes here and moving to somewhere cheaper. They get to live a nice life off the gains they made.
- dv_dt 7y ago
  I think policies forcing people out of homes are bad. And if you look at history, people that get forced out of their homes arent going to a nice farm upstate - they go into declining and more precarious life with less stable housing and financial situations.
  - bradlys 7y ago
    Strawman argument. People in $2m homes are not going to live a poor life with less stable housing when they sell. Even if it sold for 50% less. Give me a break.
    - dv_dt 7y ago
      not everyone lives in a $2M home... not even in CA

PHGamer 7y ago

which is a big government problem which is a california problem (though some townships in rural american can be quite big government themselves). Zoning should be illegal imo but I get that assholes make it some you need some rules. The problem is everyone adds to their rules to control their fifedom.