Re:How Has San Francisco Run Out of Money for Affordable Hou...
by CPLX on Monday November 12, 2018 @04:33PM
(#18436069)
> To build an apartment will entail buying up houses, knocking them down then building them next to houses which are already tightly packed and blocking views.
Yup, you got it, that's how it works. This concept is called "a city".
Any rights San Francisco might have once had to get upset about that dynamic evaporated when they happily let companies house several million jobs in the area.
> if you have a home, why should you watch your home value drop because of new apartments? If you just bought a home for $1mil just to be comfortable with no speculation and hope that it will grow faster than inflation. An influx of housing dropping your house to $800k will wipe out 100% of your down payment.
I'm not buying this argument at all. The more dense a city gets the more valuable single family homes get.
Take a look and see how much a two story single family home goes for in the West Village or brownstone Brooklyn. The logic you're trying to advance is dubious.
Yup, you got it, that's how it works. This concept is called "a city".
Any rights San Francisco might have once had to get upset about that dynamic evaporated when they happily let companies house several million jobs in the area.
> if you have a home, why should you watch your home value drop because of new apartments? If you just bought a home for $1mil just to be comfortable with no speculation and hope that it will grow faster than inflation. An influx of housing dropping your house to $800k will wipe out 100% of your down payment.
I'm not buying this argument at all. The more dense a city gets the more valuable single family homes get.
Take a look and see how much a two story single family home goes for in the West Village or brownstone Brooklyn. The logic you're trying to advance is dubious.