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> If my single-family home is the only one in the neighborhood with an apartment building next to it, its value might indeed drop. People love single-family ho
by jrockway 4y ago
> If my single-family home is the only one in the neighborhood with an apartment building next to it, its value might indeed drop.
People love single-family homes in dense urban environments. A neighborhood that I think is a good example of comfortable density with a good variety of building sizes is Brooklyn Heights in New York City. You can buy a studio apartment for $250,000 or a townhouse for $17,000,000, and everything in between. You would make an incomprehensible amount of money selling your house if your neighborhood turned into Brooklyn Heights.
- ajmurmann 4y agoIn dense urban areas, yes. That's not the scenario I described though.
- jrockway 4y agoIf all the buildings in your neighborhood turn into apartment buildings, you're a dense urban area now.
- ajmurmann 4y agoThree initial plan is likely only for a single building though. There is no guarantee there won't be a recession and nothing else gets built for a long time.
- jrockway 4y agoI guess, what are you worried about? A stronger tax base is good for your community; you have 100 people paying property taxes where there used to be 1 person. The worst case is that they park your cars in front of your trash cans on trash day and it doesn't get picked up?
- ajmurmann 4y agoI personally not worried about anything. I'd immediately go for something that's like Japanese zoning and probably actively penalize sprawl. However, I'm trying to steelman the NIMBY fucks. > The worst case is that they park your cars in front of your trash cans on trash day and it doesn't get picked up? Future buyers might be worried about that or they might worried about the thing becoming a crack house or other xenophobic shit. I know lots of people who for reasons I don't agree with or even find appalling don't want to live next to an apartment building.