If you sell a house these days, the buyer might be a pension fund

Re:If you sell a house these days, the buyer might be a pens... by davidw on Wednesday June 09, 2021 @12:35PM (#27449937)

Without knowing more, it sounds complicated: denser infill housing is good in so many ways. Mixed use, with commercial on the ground floor and housing above is even better in many situations, but not all developers do that kind of thing. So it kind of depends on what the alternatives are and what the housing situation is like where you live. There are places where "the perfect is the enemy of the good" in terms of what gets built.

Commercial is critical for '15 minute neighborhoods': https://www.strongtowns.org/journal/2019/9/6/7-rules-for-cre... - but without the density to support local commerce, it's tough to justify it.

But I don't think 15 minute neighborhoods are likely what your angry neighbors had in mind, so most likely just NIMBYism.

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Re:If you sell a house these days, the buyer might be a pens... by milkytron on Wednesday June 09, 2021 @01:57PM (#27450999)

Where I live now is planned to be a 15 minute neighborhood. I moved into one of the first new developments of many, all residential, all within a 5-10 minute walk of a train station.

There are about 1000 housing units being built, and there has been zero commercial development. It's great that they are building dwelling units here all around transit, but the only businesses that already exist are industrial, a gas station, and a dollar store. Commercial land owners have been refusing to sell to developers as they watch their land value increase. It's a real shame, but it does seem better than what existed before and the area certainly has potential.

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