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A comment on Facing housing crisis, L.A. voters back duplexes in single-family neighborhoods. Parent comment

Re:Facing housing crisis, L.A. voters back duplexes in singl... by tjr225 on Thursday December 02, 2021 @12:02PM (#29418871)
Boston was incorporated two hundred years before Los Angeles. Of course it is going to have more beautiful, old houses. Of course it is going to have more walkable neighborhoods.

But what I'm more interested in is this:

> Nearly every single home is multi-family, and the single families that do exist are usually $2 million and up.

SFH are already 1 million and up in LA, really in SD, LA, SF, Seattle, and Vancouver. It will be interesting to see what happens to SFH values if they become scarcer. It seems like it might have the opposite effect that the NIMBYs generally fear, and make them even _more_ wealthy.

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Re:Facing housing crisis, L.A. voters back duplexes in singl... by grandmczeb on Thursday December 02, 2021 @12:23PM (#29419211)
In my experience, it’s a misconception that NIMBYS are motivated by property values directly. There are exceptions of course, but usually it’s either some sort of perceived lifestyle impact (traffic, shade, “neighborhood character”, etc) or just general anxiety over change.
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Re:Facing housing crisis, L.A. voters back duplexes in singl... by Tiktaalik on Thursday December 02, 2021 @01:50PM (#29420597)
Yeah I mean, what do you figure the value of a SFH would be in downtown Manhattan?

SFH's or rather, the underlying land the house sits on, is going to become insanely valuable as the amount available dwindles and population grows.

There is no unwinding this trend. The only thing that can be done is to ignore and not worry about the price of a SFH, and subdivide the land into more apartments so that more people can afford to live on that parcel of land.

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Re:Facing housing crisis, L.A. voters back duplexes in singl... by thehappypm on Thursday December 02, 2021 @12:16PM (#29419103)
Most houses in JP are from the ~40s.
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Re:Facing housing crisis, L.A. voters back duplexes in singl... by quadrangle on Thursday December 02, 2021 @12:23PM (#29419225)
Yup, in other words, the last period of development before the interstate highway push and car-sprawl suburban experiment ruined and bankrupted the country.
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