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A comment on California lawmakers have tried for 50 years to fix the state’s housing crisis. Parent comment

Re:California lawmakers have tried for 50 years to fix the s... by landryraccoon on Monday December 25, 2017 @02:49AM (#16003212)
I don't see what the problem is. You think that if your neighbors are replaced by luxury condos that your house being one of the few single family homes on the block is going to go down in price?

Like, do you think if they bulldozed Manhattan to a big lawn that would make the price of the brownstones and single family homes actually worth more?

Your house would be millions more if your neighbors were allowed to develop to build market rate housing. People want the price per unit to go down by building more density. That means each lot will be worth more since you can replace it with more units. You own a home that's on a lot. You win financially if people are allowed to build. Think about how much a developer would offer you or your kids for your home after you don't need it if they're allowed to actually build. You'd be leaving your kids a fortune.

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Re:California lawmakers have tried for 50 years to fix the s... by tmh79 on Monday December 25, 2017 @03:07AM (#16003253)
the problem is (1) all these old folks want to drive everywhere and fear the increase in traffic and change in their lifestyle and (2) fear the loss of exclusivity of their neighborhood when one can buy a condo for less than a SFH. IMO these concerns shouldn't inform policy.
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