Housing can’t both be a good investment and be affordable

Re:Housing can’t both be a good investment and be affordable by ajmurmann on Friday November 02, 2018 @11:00PM (#18368431)

I don't think it's even in their own economic interest. I think it's just fear of the unknown and nostalgia. I'd love it if my neighborhood were to become popular enough for someone deciding that they want to build a skyscraper next to my house. It would mean the land value alone would allow me to retire.

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Re:Housing can’t both be a good investment and be affordable by OpieCunningham on Saturday November 03, 2018 @12:06AM (#18368627)

Sure, but before you had a chance to cash out, they tore down the skyscraper and built a fracking well.

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Re:Housing can’t both be a good investment and be affordable by ajmurmann on Saturday November 03, 2018 @12:41AM (#18368736)

Yeah, happens all the time. Cities like Tokyo and Manhattan are full of them.

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Re:Housing can’t both be a good investment and be affordable by nradov on Saturday November 03, 2018 @01:00AM (#18368798)

Parts of Los Angeles literally are full of oil wells.

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Re:Housing can’t both be a good investment and be affordable by ajmurmann on Saturday November 03, 2018 @01:08AM (#18368820)

Yeah, but no skyscraper has been torn down for one and land prices in LA are still better than in your NIMBY suburb.

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