Sounds about right but there's some value in a diversity of land use. You don't want to treat all the land as if it's useful for the most taxable purpose. A city can't only be housing. There's some point where you give a little to attract biz, rich residents who'll spend & hire.
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Lots of rich people love living in dense areas. Just look at manhattan - no shortage of rich people there. If you are the type of rich person who wants to live in a low-density area, you should pay for the externality of preventing others from utilizing land more effectively.
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Ya, I agree with that. Happy to pay the price. Would much prefer to just pay to stay where I'm at than have a bunch of people vote to take away my rights.
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Your rights are not being taken away. You have no right to restrict your neighbor from using their property as they see fit. Yes, you can vote to do it, but others can vote differently. The Supreme Court would rule against property rights restrictions, if anything.
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Whether I have that right depends on what system of law we all agreed to. If the law says they're not allowed to build, I do have the right to block it. I relied on that law and made investments, and I'd be damaged by a breach of contract. They can try to change the law.
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It seems you don't understand how laws and contracts work. You cannot sue for damages due to a zoning law change. But you're welcome to try, I'd love to see it (and laugh at it)!
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That's exactly the problem. It would be better for everyone if zoning laws could be relied upon for a given period of time, OR, if a change has to be made for the greater good that the victims of the change would be compensated.
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I don't understand. If you own land, upzoning will increase the value of that land. What exactly do you want to be compensated for? You think you deserve ADDITIONAL compensation beyond the increased value of the land you own??? Wat
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The presumption is that the value of all land to each individual can be independently measured in terms of dollars by some appraiser. What if no amount of money is worth the sky or the trees, or the silence? "upzoning" is a downgrade in value by my measurements.
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you clearly hate cities and shouldn't live in one! problem solved!
Find a plot of land in the middle of nowhere and build a gated mansion.
This isn't very difficult
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But what assurances do I have that they won't come for my plot of land in the middle of nowhere later?