Re:California should emulate Tokyo, where housing stayed ahe...
by jogjayr on Wednesday March 21, 2018 @07:47PM
(#16643631)
> because of a new housing policy, it's possible their home could drop quite a bit in value
Is that even true though? If an area can become more densely zoned because of higher demand, isn't your property more valuable now? I could probably sell my house with 1-acre plot (I don't have one, just hypothetically) for a lot more if a condo developer were allowed to build on it.
Is that even true though? If an area can become more densely zoned because of higher demand, isn't your property more valuable now? I could probably sell my house with 1-acre plot (I don't have one, just hypothetically) for a lot more if a condo developer were allowed to build on it.