4 ms·
At this point, you’re just betting that structural reform to NIMBYism won’t happen. If zoning rules change, the market is toast. And political pressure to refor
by sp527 4y ago
At this point, you’re just betting that structural reform to NIMBYism won’t happen. If zoning rules change, the market is toast. And political pressure to reform zoning is only going to keep building.
- Schiendelman 4y agoI would personally like us to overturn zoning entirely. However, no one has meaningfully unrestricted development once it’s been restricted - anywhere. If you really did allow growth, you’d fuck up so many people’s long term financial plans that they’d riot. Homeowners hold pretty much all the cards, so they only allow upzoning in drips and drabs to keep it from outstripping demand.
- jmole 4y agoChanges to zoning won’t affect buyer preferences though. If your prototypical homebuyers are a family with kids, why are they suddenly going to want a 2/3 bedroom apartment instead of a 1800sqft house with a yard?