> If your neighbor subdivides their lot, the smartest thing for you to do is subdivide yours What if you like your lot, and don't want a lot 1/4th the size? I

> If your neighbor subdivides their lot, the smartest thing for you to do is subdivide yours What if you like your lot, and don't want a lot 1/4th the size? I think this likely applies to most homeowners. > the last house in the neighborhood full of subdivisions will have the lowest sale value (and the first house to subdivide will be the most valuable). I don't think this is likely. As more homes subdivide, the relative value of non-subdivided homes will go up due to scarcity. > needs a moderating factor to prevent runaway Why? I can think of very very few cases in the US where we've had a problem with "too many homes", and many many cases where the opposite trend prevails. I think it's unlikely that we'll see any sort of runaway.