I don’t know if a 1-car garage house can qualify as a mansion but they probably didn’t want the muni stop in the first place.
There is some value to zoning rules being predictable. If the city wants to change, it should give decades of notice or compensate zoning change victims.
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an upzoning would make this land far more valuable.
there are no victims, only people who have the ability to build more on their existing land.
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Maybe. Increased housing density isn’t always good. Rich people might leave your city entirely if they can’t have a big house on a big lot. You have to put them somewhere too. And where do you draw the line with unit size minimums, building height maximums, parking, etc?
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lol, nobody would force anyone to sell their mansions. all upzoning does is make it legal for someone who lives in a mansion to turn that into apartments if they wish.
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Yeah but you may effectively force a sale by significantly downgrading the quality of life for a neighboring property through overbuilding. Let’s say your neighbors on both sides tear down their 4br houses and build 40br sky rises? Now you’re dealing with 10x noise, traffic, etc.
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"overbuilding" in the middle of San Francisco blocks away from muni metro isn't really a thing. Plus, all upzoning proposals \have <10 story buildings in this area, not skyscrapers.
i fear that you're just coming up with hypotheticals to justify NIMBYism
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I’m just saying that it’s super costly to hold the threat of arbitrary, unpredictable zoning changes over the real estate market. When you buy a house, you’re betting on the future. Would be different if the gov only leased land out and told everyone up front about changes coming
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It’s the eventual buyers and the price of uncertainty. If I think there’s a 50% chance my neighbor’s house is torn down to build a 200-unit skyscraper in the next 10 years, I might discount the value by 50% vs having certainty it wouldn’t happen for 50 years.
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well the market won’t discount it, and you’ll be able to sell your home for millions of dollars.
talking about this with you is like speaking to a brick wall
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Living in my house is the point. I’m not a real estate speculator. So, selling it even at a profit could be a net loss when you factor in the hassle of needing to move, dealing with the sale, etc. I’m buying the zoning of the land as much as I’m buying the house on it.
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Right, it’s not explicit so it ends up getting messy later. It’s like a divorce without a prenup. What did you actually agree to? Turns out, it’s totally up to some random 3rd party to decide. There would be some value to a committed resolution in advance.