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Well, upzoning, particularly in formerly single-family home single-use residential streets near major cities like LA and SF Bay at the moment would generally re
by krferriter 5y ago
Well, upzoning, particularly in formerly single-family home single-use residential streets near major cities like LA and SF Bay at the moment would generally result in the transfer of properties from multimillionaire NIMBY retirees and mid-aged administrators down to more working class condo/townhouse/duplex/splitlevel owners. It's a market-based solution for existing systemic inequality.
- gmadsen 5y agoI still don't follow. The NIMBY retiree would have to sell their property to presumably someone with a lot more capital than them to be able to build an apartment building. If you are referring to tenants possibly being lower socioeconomic status than the previous owner.. that isn't redistribution. If anything its the opposite, since now the property owner is probably a corporation