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That’s not typically how the relationship between building and home values works over time. Places where density increases also see increases in prices for exis
by zepto 6y ago
That’s not typically how the relationship between building and home values works over time. Places where density increases also see increases in prices for existing homeowners.
But sure - Prop 13 and new building are separate issues.
- tqi 6y agoHome owners definitely believe that proximity to multitenant housing lowers property values, and vote accordingly (whether that is actually the case is up for debate, but also less relevant to voting behavior than perception). [1] page 4: https://www.jchs.harvard.edu/sites/default/files/rr07-14_obrinsky_stein.pdf https://www.jchs.harvard.edu/sites/default/files/rr07-14_obr...
- zepto 6y agoYes, the belief is prevalent, even though mostly wrong. My guess is that other downsides, real and imagined, make people overestimate the impact on prices.