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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Having a view of the city from the park is sickening. Should probably tear those old, wooden wastes of land down and put up a giant, 10-story concrete apartment complex.
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there’s an 8 story apartment building just out of frame on the right side of that picture 😂
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Gonna need about 7 more of those. Who wants to sell first? Buying the lowest bidder. You all are going to wish you sold first when we get started with this building that’s going to take 6 years to complete. Fair warning! :)
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woah woah woah, what happened to apartments destroying property values? one of those ladies just went for 3M and is a gut job.
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