3 ms·

So... what should we do? Kick these "single families" out of their homes, because they take too much space in such a sought-after area?

• nickff 6y ago
  When you allow higher density, the land values increase, and people 'volunteer' their homes for development.
  • temp-dude-87844 6y ago
    In this scenario, existing homeowners volunteer to be bought out and move away, removing themselves from the community. Existing landlords volunteer to be bought out, and kick out their renters, leaving them to move away and remove themselves from the community. These homes are demolished and the lots become a construction site for 6-18 months, then the freshly built housing goes to rent or sale at market rate. When they're occupied, they will be filled by newcomers to the community. You look back at this neighborhood in five years. Wouldn't you consider it to have gentrified?
    • nickff 6y ago
      I would consider the housing stock to be modernized. Whether the neighborhood has been gentrified is more a question of how affordable and appealing it remains to the 'original' residents.
  • hellisothers 6y ago
    If you razed a SFH in a SFH neighborhood and put in its place a 10 unit complex the surrounding home values would absolutely go down. Values would only eventually go up in the long run as the whole area is turned into dense housing and there are holdout SFH in the area. I thought we were past framing the discussion in terms of increase/decrease in value. NIMBYs (generally) aren’t against it because it’ll lower value and bringing high density housing doesn’t increase value (except in the extreme long run).