4 ms·
Not if the new residents can afford much higher prices than the locals. They’ll bid the available housing up to a point that locals can no longer afford it and
by notJim 5y ago
Not if the new residents can afford much higher prices than the locals. They’ll bid the available housing up to a point that locals can no longer afford it and some become homeless. This has happened in many places in the US.
- temp8964 5y agoIt won’t happen to existing home owners.
- labcomputer 5y agoOh, it will. What do you think will happen to the assessed value of the existing owners’ property after all the rich transplants buy up the neighborhood? What do you think that will do to their property tax? What do you think that will do to their ability to remain homeowners? And what about their children? They’ll be directly priced out.
- imtringued 5y agoI don't know why you are suggesting that the problem of having too many NYMBYs can be solved by having more of them.