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A comment on If you sell a house these days, the buyer might be a pension fund. Parent comment

Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Wednesday June 09, 2021 @02:23PM (#27451287)
Nah... That's just ignorance.

It's like the American opposition to pedestrianization of blocks. Pedestrianized blocks increase local business footfall and increase high margin economic activity.

New developments in your community increase value of your home, far better than restricting development.

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Re:If you sell a house these days, the buyer might be a pens... by rabuse on Wednesday June 09, 2021 @04:33PM (#27452850)
How's that? Genuinely curious.
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Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Wednesday June 09, 2021 @04:45PM (#27453015)
Opposition to development hurts the homeowners value, a lot.

The value of your home doesn't only depend on the fact that it's in a rich neighborhood with beautiful lawns, but the services and proximity to said services.

NYC is desireable, not because it's a big city... but because you can get services there. Take away the services - you take away all of the value proposition.

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Re:If you sell a house these days, the buyer might be a pens... by rabuse on Wednesday June 09, 2021 @06:34PM (#27454174)
In my area, we have everything around us (big retailers, malls, nightlife, etc.) in the suburbs in a well-off area in South Florida. How would adding more houses appreciate my property's value?
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Re:If you sell a house these days, the buyer might be a pens... by JAlexoid on Thursday June 10, 2021 @12:22PM (#27462462)
More people = more service consumers = more jobs = higher demand for housing = higher demand for services
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