4 ms·
What I don’t get is wouldn’t allowing more development in a neighborhood increase property values? Like if your single family home’s lot gets up zoned, didn’t y
by zhoujianfu 7y ago
What I don’t get is wouldn’t allowing more development in a neighborhood increase property values? Like if your single family home’s lot gets up zoned, didn’t you just hit the jackpot in terms of the land value?
- lazyasciiart 7y agoYes. But you might be irrationally convinced that black people and drug dealers will overrun the neighborhood as soon as an apartment building goes in, and that will make property values decrease instead.
- tathougies 7y agoYes, I don't get this. I would love to turn my home into a duplex (probably going to start with an airbnb though due to bad tenant law in our state). Sounds like the best way to go from homeowner to asset owner.
- rcpt 7y agoWhy Are There NIMBYs? https://www.dartmouth.edu/~wfischel/Papers/00-04.PDF https://www.dartmouth.edu/~wfischel/Papers/00-04.PDF When all your wealth is tied up in a single leveraged asset anything that might lead to a big change in it is more risk than most people will tolerate.