| The only constant in life is change.
Or as certain fictional character said, "Nothing is a line. Everything everywhere is always moving forever. Get used to it." 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. |