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Boston was incorporated two hundred years before Los Angeles. Of course it is going to have more beautiful, old houses. Of course it is going to have more walka
by tjr225 5y ago
Boston was incorporated two hundred years before Los Angeles. Of course it is going to have more beautiful, old houses. Of course it is going to have more walkable neighborhoods.
But what I'm more interested in is this:
> Nearly every single home is multi-family, and the single families that do exist are usually $2 million and up.
SFH are already 1 million and up in LA, really in SD, LA, SF, Seattle, and Vancouver. It will be interesting to see what happens to SFH values if they become scarcer. It seems like it might have the opposite effect that the NIMBYs generally fear, and make them even _more_ wealthy.
- thehappypm 5y agoMost houses in JP are from the ~40s.
- quadrangle 5y agoYup, in other words, the last period of development before the interstate highway push and car-sprawl suburban experiment ruined and bankrupted the country.
- grandmczeb 5y agoIn my experience, it’s a misconception that NIMBYS are motivated by property values directly. There are exceptions of course, but usually it’s either some sort of perceived lifestyle impact (traffic, shade, “neighborhood character”, etc) or just general anxiety over change.
- deleted 5y ago[deleted]
- Tiktaalik 5y agoYeah I mean, what do you figure the value of a SFH would be in downtown Manhattan? SFH's or rather, the underlying land the house sits on, is going to become insanely valuable as the amount available dwindles and population grows. There is no unwinding this trend. The only thing that can be done is to ignore and not worry about the price of a SFH, and subdivide the land into more apartments so that more people can afford to live on that parcel of land.