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This is understandable and I almost wanted to include it as a caveat in my original comment. Tax burden from upzoning could really hurt some homeowners. On the
by ryanschaefer 3y ago
This is understandable and I almost wanted to include it as a caveat in my original comment. Tax burden from upzoning could really hurt some homeowners. On the flip side, zoning could be seen as subsidizing land that would otherwise be more productive if it were zoned to what the market demands.
- TheCoelacanth 3y agoNot in California it can't. Property taxes can rise a maximum of 2% per year for as long as you own a property. That's rarely enough to even keep up with inflation.
- theamk 3y agoYou completely missed "decreases their enjoyment of their home" part. It's not just about money, some people actually prefer to live in low-density environments, as evidenced by the existence of expensive low-density towns.