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by bangoimby
1838 days ago
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Didn't say it was perfectly fungible, just fungible enough that a significant enough increase in other types of supply might bring down SFHs. Either that or the true value of a SFH in a no longer housing constrained San Francisco really is $2.5 million. If you believe that SFH buyers do not insist on SFH neighborhoods (whole cities are not neighborhoods), and should welcome denser zoning because it makes their lot more attractive for redevelopment, go circulate a petition for this among SFH owners and see how far it gets. |
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To your other point about insisting on SFH-only neighborhoods, in large parts of the country, there are apartment buildings and large commercial areas spread between and in single family neighborhoods, and that hasn't stopped people from buying houses there. I wasn't arguing that they all should support higher density zoning, just that it is in their financial best interest to do so. Another major problem is that because the Bay Area has refused to build anything for decades, it has decades of unmet (or to use urbanist language "induced") demand for houses, apartments, roads, transit, etc. that has to be met before prices and congestion will start to go down. To maximize housing affordability you need a mix of sprawl and density with appropriate infrastructure for the type housing built, and if you only do one type of growth you will have many people who are unhappy, which is why in another comment in this thread I accused the YIMBY urbanist of being the same as a NIMBY SFH owner, just with a different preferred housing type. The Gallup survey I linked earlier shows that there are more people currently living in cities (presumably in apartments) who wish to live in suburbs or rural areas (presumably in houses) than the reverse, so there is an unmet demand for "sprawl" and options like remote work.
My major point if a SFH owner in SF was purely motivated by money, they would welcome development on their land and wish to limit it on others'. Many of them aren't though, and they aren't lying or using euphemisms when they say they want the character of their neighborhood preserved. I hear tons of arguments that they are opposing multi-family housing because it would lower their property values, and that just doesn't make sense. A San Francisco with an apartment built for everyone there who wants one and no other changes would most likely still have million dollar houses, though the rent of the apartments would be less.