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by noduerme
1161 days ago
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Activists recently prevailed on my city's government to rewrite the zoning ordinance, making my block of single family homes eligible to be torn down and turned into 4-plexes. I personally don't have a huge problem with it - from a libertarian point of view - because in theory, that means exactly what you said. I can sell my property for more money or develop it and make more from it. The aspect of it that irritates me is that those weren't the conditions under which I bought the house, and the reasoning behind the change was a foolish sop toward social justice, and clearly comes from a place of sheer hatred born of jealousy toward anyone living in a single family dwelling. I wouldn't have bought the house to live in if I'd known that ten years later it would be surrounded by apartment buildings. And so that plus the castigation of people trying to maintain their space as "NIMBY" leaves me mainly with the attitude that they can have it, I'll take the profit and move somewhere they can't afford and have less leverage to screw up. Again, trailer parks have been a thing for 70 years now. The innovation here has been rewriting zoning rules without actually rezoning, to bring the trailer park to people who can afford to live somewhere better. The funny thing about class warfare, though, is that people take their lack of class with them and end up making slums wherever they go, and other people manage to make a buck and stay ahead of them. |
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Buying a piece of land doesn't entitle us to control what happens on neighboring pieces of land.
My parents house used to be surrounded by farms and woods, now it's surrounded by homes.
100 years ago 5 story brownstones in NYC were surrounded by other brownstones, then by mid-rises, and now by high-rises.
The vacant lot next to me is now going to be developed into a house. If I wanted it vacant, I should have bought it and carried the RE tax indefinitely.
No one is banning single family homes. We are just trying to reconcile that the main cost lever is density, and in a country with growing population, mostly crowding into a few metropolitan areas.. if you want the next generation to be able to afford a place to live, we can't leave the real estate market ossified.
This is an attempt to change some laws set by the previous generation that restricts your right to develop your land, and freezes the housing market as it is, constraining supply.
If the state was literally banning the construction of single family homes, or taking yours away with eminent domain, you'd have more of a leg to stand on.