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>The people living in SFH don't want to move exactly because they're not generating enough tax revenue to keep the city afloat So the kernel of the argument is
by ibejoeb 8mo ago
>The people living in SFH don't want to move exactly because they're not generating enough tax revenue to keep the city afloat
So the kernel of the argument is that 1) someone bought a single-family home and based on ground truth (property tax, cost of living, etc.) and 2) that property tax isn't sufficient to fund the city?
Can you really blame someone for not sacrificing his position under these circumstances? If I'm meeting my obligation, what do I stand to gain from leaving my house and moving into an apartment? That's saying "I need you to move so that someone else can take your property." It's not going to go over well.
- prawn 8mo agoZoning changes would generally make your property more value as a baseline. Then you could either stay put, or you could elect to move elsewhere while redeveloping your original place. This is common in Australia. A common zoning change here is based on street frontage for semi-detached homes - the new ones are still 3-4BR, just attached at the garage and with smaller yards. If development required 15m frontage, but then that changed to 12-13m, that would mobilise a lot of owners to take advantage, though obviously others can just stay as is if they prefer. It usually happens that an $800k lot value becomes $1m, regardless of the state of the house. The owner can then demolish a decades old house, build two places for $600k, sell one as a new home for $800k-1m to finance the build (and costs of moving out during that phase), and end up in a new house themselves. Often they've sacrificed yard that they found annoying to maintain anyway. The above can be adjusted where it's possible to build 3-4 on a block, or a larger development of apartments. Zone changes typically allow change, not force it, surely? An owner can just keep their SFH and large yard if they prefer. What they can't always control and often vote against is the composition of their neighbourhood.
- scoofy 8mo ago>Can you really blame someone for not sacrificing his position under these circumstances? What? There is a structural deficit problem. The ship is sinking. Complaining about how "we shouldn't have to change anything about the ship" isn't really a reasonable argument. We live on this ship... we have every incentive to make sure it stays above water.
- ibejoeb 8mo agoI still don't get it though. Am I right that the proposition is: voluntarily accept a lower quality of life, or we'll either take your property or let it the neighborhood go to pot until you decide to give it up? People are not going to accept that. Look at the fiasco at defunding the fire department. I'll just patch my own sidewalk. I'm not vacating so that the next guy gets a deal. There's plenty of land. Develop there. Why not?
- jojomodding 8mo agoThe three options you presented are the three available options. There is no fourth. Make a choice. You might think there is option 4--municipal bankruptcy--but that is just option 2 and 3 combined. Building buildings somewhere else will not fix your neighborhood.
- ibejoeb 8mo agoI'm not giving you a hard time. I'm saying that I made my choice. I'm going to stay in my home. I don't really think those are the only three choices, though. The government can fail and be replaced with a new one that will shape things up. Then it'll be replaced by another that thinks it's too big and well off to fail, squander it, and fail. That's the typical cycle.
- imtringued 8mo agoThe problem is that you're camouflaging the implicit position of "I'm going to stay in my home, even if I have to see the world burn." as the seemingly reasonable position "I'm going to stay in my home", while being utterly ignorant to the consequences based on absurd levels of wishful thinking. You're saying the government is going to fail, but actually it's not really going to fail. Someone is going to bail you out every single time. If the government failed, but I'm still in the house, it didn't fail hard enough. They should get better and more competent at failing. The failure needs to be more absolute and its consequences should be unavoidable. The bare minimum required is that they thoroughly crush my spirit and desire to keep living in this place. People with a semblance of sanity left in their brain understand that getting the things they want, also means dealing with the associated costs and that if they insist on those things, they also implicitly insist on the costs associated with those things. When people refuse this cost benefit trade off, they will end up losing the things they want.