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> - giving up the quality of your nice neighbourhood because a giant complex was built next door > - giving up much of the capital appreciation in your house b
by zamfi 4y ago
> - giving up the quality of your nice neighbourhood because a giant complex was built next door
> - giving up much of the capital appreciation in your house because it appreciated
> Both would be be highly unpopular for the majority of existing home owners. As a result everyone complains but politicians don't actually do anything and nothing changes. There is no such thing as additional affordable housing without any cost. There is a price to be paid. Most are not willing to pay it.
This is a pretty limited view, frankly. Your first point is spot on -- housing density needs to increase. But this does not mean worsening quality of life.
For decades density increases barely touched quality of life; a couple houses would be replaced with a tasteful 3-story apartment building, not "a giant complex was built next door" -- neighborhoods changed relatively slowly. Like Rome, Manhattan wasn't built in a day.
These days, in many places, there are exactly two practical options for construction: detached single-family homes, and massive complexes. Why? At least in California, because any kind of development not by-right will face years, and potentially a decade or more, of citizen action against it in every venue imaginable. If you're going to incur that kind of delay/anger anyway, you might as well build a giant thing and make your pile; there's no room for smaller buildings because they're not profitable enough to pay for the years of fighting the neighborhood groups.
Look at San Francisco, for example. Even if the population were to double, all you'd need is to double the housing units. This does not require massive complexes, it would be enough to convert single-family homes to duplexes, build ADUs, small apartment buildings where townhomes are, etc. -- except that those activities are more or less impractical.
So, we get today's dichotomy: single family homes, allowed by zoning, and massive complexes, conditionally allowed (requiring approval) because that's the only new housing that is worth pushing through the extreme regulatory environment.
Allow just a doubling of density in any SFH zone, and watch how quickly you end up with reasonable duplexes, ADUs, etc., that increase housing stock without a giant complex next door.
The only thing you have to give up is the fetishization of the single family home inside the urban core. Your neighborhood will stay beautiful and nice. And your existing home will continue to appreciate, because it will still be more desirable than the duplexes being built, which are in turn more affordable.
- danaris 4y agoEhhh...I'm a bit skeptical. Isn't one of the other reasons for building the massive complexes because as long as you're going to be building something there, you might as well build what will get you the biggest profit? I've heard of this being the case in several areas in recent years, and it seems to me to be just another casualty of the increasing obsession with maximizing profits at all costs on the part of far too many companies.
- zamfi 4y agoThat’s a convenient narrative, and the answer is “yes, where possible” — but replacing a single family home with a duplex is theoretically possibly anywhere, and would be extremely profitable — but is practically impossible (for the reasons listed in my earlier post) in too many locales. It’s only the huge developers that can acquire large parcels, or many parcels that can be joined together, that are able to push through the current nightmare to get projects done. The small developers that would be happy to do small conversions don’t bother — because they can’t spend 3 years fighting city hall with no guarantee of success, incurring taxes, fees, paying for staff, etc — for a measly $300k gross profit; it would be eaten up by all the waiting!
- RestlessMind 4y ago> These days, in many places, there are exactly two practical options for construction: detached single-family homes, and massive complexes. I really think this is over-simpifying. That take might explain SF, but what about all other places across the world with housing crises - London, Sydney, Toronto, Vancouver, Lisbon, Austin, Denver, NYC....
- zamfi 4y agoNYC is the only city on your list that isn’t absolutely dominated by single family homes. What they all have in common are strong zoning and neighborhood preservation laws that prevent density growth. NYC has its own special problems, but also prohibits density increases (read about “air rights”).