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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 eventua
by 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).