3 ms·

I read through the article and couldn't tell whether these are rentals or whether the units are for sale. The vast majority of duplexes I saw in the Bay were re

by kodah 4y ago

I read through the article and couldn't tell whether these are rentals or whether the units are for sale. The vast majority of duplexes I saw in the Bay were rentals, which doesn't really solve the wealth building side of the equation. A lot of YIMBYs are focused on more housing but at least the ones I've talked to on here seem unconcerned with home ownership. Here's to hoping the residents can own them.

hooverd 4y ago
Eh, some of them believe that home ownership leads to bad politics.
- kodah 4y ago
  I'd argue ignoring how important home ownership is and will be in the future makes them dressed up NIMBYs given that they are already homeowners.
zbrozek 4y ago
Getting a condo map is hard, so I didn't bother trying. That forces these into being rentals.
scythe 4y ago
In expensive California cities, it's common for multiple unrelated (by romance or blood) adults to share a house. These situations outcompete homeowners in the market because they have two or more incomes and no dependents. So in the current market climate, increased multi-unit rental housing also increases opportunities for homeownership. It's good to give people the opportunity to own a home, but it's also important to recognize that some people simply aren't in a place in life where that's practical — such as me, for instance, doing a residency, where I'll likely move away afterwards.
- kodah 4y ago
  As I said in another thread, what makes this dubious is that YIMBYs are already home owners. Sure, the rental stock needs to get up to an acceptable level where renting one side of a two bedroom duplex isn't $3.5k/month, but I'm understandably more concerned with helping people build generational wealth. At the very least, I'd expect YIMBYs to be championing both, but many of them are specifically against home ownership while owning homes.

3 ms·

I read through the article and couldn't tell whether these are rentals or whether the units are for sale. The vast majority of duplexes I saw in the Bay were re

by kodah 4y ago

hooverd 4y ago
Eh, some of them believe that home ownership leads to bad politics.
- kodah 4y ago
  I'd argue ignoring how important home ownership is and will be in the future makes them dressed up NIMBYs given that they are already homeowners.
zbrozek 4y ago
Getting a condo map is hard, so I didn't bother trying. That forces these into being rentals.
scythe 4y ago
In expensive California cities, it's common for multiple unrelated (by romance or blood) adults to share a house. These situations outcompete homeowners in the market because they have two or more incomes and no dependents. So in the current market climate, increased multi-unit rental housing also increases opportunities for homeownership. It's good to give people the opportunity to own a home, but it's also important to recognize that some people simply aren't in a place in life where that's practical — such as me, for instance, doing a residency, where I'll likely move away afterwards.
- kodah 4y ago
  As I said in another thread, what makes this dubious is that YIMBYs are already home owners. Sure, the rental stock needs to get up to an acceptable level where renting one side of a two bedroom duplex isn't $3.5k/month, but I'm understandably more concerned with helping people build generational wealth. At the very least, I'd expect YIMBYs to be championing both, but many of them are specifically against home ownership while owning homes.