Hacker News new | ask | show | jobs
by Kalium 1681 days ago
People willing to sell and leave are happy to consider it. People who don't want to leave in the near term are very interested in keeping the riff-raff out and thus in fending off structural changes that would let you make a killing. Thus all the vetos that make it easy to keep your neighbors in line should they start thinking about that money. Accusations of greed destructive to the community are easy to level and rarely require much in the way of substantiation.

Upzoning is both a way for you to make a hefty chunk of change and an affordability issue. It's often more difficult to impugn the motives of people seeking to improve affordability, however.

Look at it in numbers, though. A million-dollar property on a large lot could become two duplexes, each unit $300k-$500k. Or a six or eight story building with multiple units on each floor. There's money to be made there for the likes of you and me. Neighbors who don't get a cut but want to keep the riff-raff away would like us to not consider it.

1 comments

That makes sense. This is a sleepy neighborhood so I guess I've never had to consider the whole calculus.