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This makes it easier to both move into & out of California. It'll make existing suburban lots more valuable because they now can be subdivided so existing hom
by bryanlarsen 2y ago
This makes it easier to both move into & out of California. It'll make existing suburban lots more valuable because they now can be subdivided so existing homeowners can cash in and move on. But the new subdivided lots will be cheaper than existing non-subdivided lots, so it's also cheaper to move in. Win-win!
- foogazi 2y agoIt can't make lots simultaneously more valuable and cheaper to acquire Existing homeowners won't subdivide and leave. They will split their sfh lot and rent it out. Look at people investing into ADUs It will be cheaper in the sense that renting a room is cheaper than renting the house when looking at total outlay, but not when looking at sqft ownership We complain about housing being an asset and instead turn every lot into an investment opportunity
- bryanlarsen 2y ago> not when looking at sqft ownership Which is a relatively minor consideration. Yes it's nice to have some garden space. But not when the garden adds $1M to the price of your house.