"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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That’s awesome. I think there’d be less pushback if all construction could get done that fast. The impact of years of ongoing construction to the neighborhood is one of the biggest drawbacks for current residents.