"Intergenerational Injustice"

Bigdog said:
Thanks Doc. Exactly what I'm talking about.

I only mentioned age because the OP blamed aging boomers.

You work all your life, make your mortgage payments, ... and when your too old to work ... then some builder rezones and your home suddenly loses 70% of it's value, wiping out most of your "savings".
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If the value of their home was similar to when they started making those mortgage payments, then you might have a point. But rigging the zoning to make sure the value of your home increases due to a lack of supply is nonsense. It absolutely is the fault of the previous generations. Younger people today should have the same chance to buy a home and build equity.
 
Superfreak said:
When the zoning code was rigged to increase their homes values and stop a lot of new construction? Fuck them

We are seeing in the Denver area a massive influx of new people. But no one will let new construction of anything higher than a few stories go up anywhere west of them. Because it might disrupt their mountain views. Even as the metro area has expanded rapidly to the east of Denver, those people also don't want anything tall built. (which means less apartments/condos for the new renter/buyer) This has caused the property values to escalate in some areas at an insane pace.

My place has increased in value about 45% in the last two years alone. It is nuts (good for me, but a lot of my friends in their 20's and 30's are having a hard time buying a place) because the down payment is too high. So instead they are forced to pay insane rental amounts (because there is a severe shortage of rentals as well).
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You a pay a premium for a nice view. You buy a home based on zoning laws. I don't see the problem. If you're priced out of the market, you have the option to buy somewhere else. Don't punish those who "got in early", so to speak.
 
Superfreak said:
If the value of their home was similar to when they started making those mortgage payments, then you might have a point. But rigging the zoning to make sure the value of your home increases due to a lack of supply is nonsense. It absolutely is the fault of the previous generations. Younger people today should have the same chance to buy a home and build equity.
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The only zoning rigging ... seems to be done by those who want to put Apt. buildings in an upscale neighborhood so they can charge a higher rent ... benefiting themselves at the expense of old existing homeowners.

It's the ultimate "fuck you' ... I'm taking what you have, away from you ... because you made such a wise investment. :palm:
 
cawacko said:
That's ultimately the problem. We have a severe housing crisis which is going to have a long term negative impact on the region. Right now it's the ultimate I've gone mine - fuck you attitude that we're seeing from current homeowners be it in the City or surrounding suburbs.

And building more housing to meet the demand isn't going to tank current housing values. And especially when you live in a city, which is a dynamic ever changing place. To expect to live in a place for three decades and expect no change is not realistic.
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Do you own a home?
 
Bigdog said:
Thanks Doc. Exactly what I'm talking about.

I only mentioned age because the OP blamed aging boomers.

You work all your life, make your mortgage payments, ... and when your too old to work ... then some builder rezones and your home suddenly loses 70% of it's value, wiping out most of your "savings".
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Let's be clear, no ones homes here is tanking 70% in any big costal market. Worst case is your rate of increase isn't as high but that still means it's increasing in value. What not building does is hurt the econony as a whole. That's bad for everyone.

And Boomers aren't the only ones who own homes but they are the largest group of homeowners by far.
 
Bigdog said:
You a pay a premium for a nice view. You buy a home based on zoning laws. I don't see the problem. If you're priced out of the market, you have the option to buy somewhere else. Don't punish those who "got in early", so to speak.
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Which is the point entirely. the older generation is saying 'we were here first, our rules apply... so fuck off if you don't like it'. Again, if the home prices had stayed relatively the same, then you might have a point. If someone changes your areas zoning laws... you too have the right to sell and go somewhere else. You don't get to punish younger generations just because they are younger.
 
Bigdog said:
The only zoning rigging ... seems to be done by those who want to put Apt. buildings in an upscale neighborhood so they can charge a higher rent ... benefiting themselves at the expense of old existing homeowners.

It's the ultimate "fuck you' ... I'm taking what you have, away from you ... because you made such a wise investment. :palm:
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you are providing example after example of EXACTLY what the problem is.
 
Another point, people fight against development that meets current zoning code. That's a huge part of it. So it's not even like people are trying to put highrises in the middle of single family communities. They are getting denied to build to existing code
 
cawacko said:
I own two. One in San Francisco and one in the East Bay. I benefit from the lack of building but there is a bigger picture involved than my short term gain.
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Is there open land to build on or would you have to tear down homes of boomers?
 
cawacko said:
Can't say I've heard this term before but of course it's the Boomers (largely) screwing the youth. We're all selfish but has there been a more selfish generation than the Boomers?

A term being discussed on this housing panel—the idea of "intergenerational injustice." One generation has made housing and development decisions that have essentially screwed the next generation. In many cases, these are their own kids. #cityage
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How much $ to achieve justice?
 
kudzu said:
Is there open land to build on or would you have to tear down homes of boomers?
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The issues aren't about tearing down existing homes. No one is going to lose a home they own and live in It's 1) about allowing new development and 2) allowing higher density in urban areas near transportation
 
cawacko said:
The issues aren't about tearing down existing homes. No one is going to lose a home they own and live in It's 1) about allowing new development and 2) allowing higher density in urban areas near transportation
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So you want to build high rises in existing single family neighborhoods? Buy them out.
 
kudzu said:
So you want to build high rises in existing single family neighborhoods? Buy them out.
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We can throw in another variable as well. The environment. What happens when we don't build more density in cities is we end up building further and further out in the suburbs. And since most jobs are in the city that means more cars on the road traveling longer distances and thus more environmental impact.
 
cawacko said:
People want to build apartment buildings near transportation in urban areas. These aren't single family neighborhood's.
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What's your take on my situation?
aloysious said:
That's exactly what we're going thru in our neighborhood at the moment. A developer wants to rezone 3 acres of land adjacent to our property from residential to residential/commercial that allows high density, high rise housing. When his architect presented a power point showing the plans the entire audience would've thrown rotten tomatoes at him if they had them. Women were in tears. The land sits on a hill about 20 feet above our back yard and the developer wants about 5 seven story bldgs. built.
That's insane to try to rezone that drastically that would significantly change the character of the neighborhood.
It's not fair to pull the rug out from under people for any reason, has nothing to do with age. There are families of several different generations in our neighborhood. Nobody wants this to happen.
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The peeps in my 'hood bought their houses never expecting this 3 acre wooded area to be rezoned or it ever being applied for to be rezoned to high density and commercial. There isn't a 7 story bldg. anywhere in our part of town.
One the south side is a large thoroughfare, 4 lanes with a bus stop, to the west is a park, to the north the quiet residential neighborhood and to the east the neighborhood.
 
aloysious said:
What's your take on my situation?

The peeps in my 'hood bought their houses never expecting this 3 acre wooded area to be rezoned or it ever being applied for to be rezoned to high density and commercial. There isn't a 7 story bldg. anywhere in our part of town.
One the south side is a large thoroughfare, 4 lanes with a bus stop, to the west is a park, to the north the quiet residential neighborhood and to the east the neighborhood.
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Do you know how high it was zoned for previously?

Had there been previous attempts to build on the site?
 
cawacko said:
Can't say I've heard this term before but of course it's the Boomers (largely) screwing the youth. We're all selfish but has there been a more selfish generation than the Boomers?

(1 - I know this board is largely made up of Boomers & 2 -we don't have enough good intergenerational arguments on here)


Alissa Walker (@awalkerinLA)
5/4/18, 11:36 AM

A term being discussed on this housing panel—the idea of "intergenerational injustice." One generation has made housing and development decisions that have essentially screwed the next generation. In many cases, these are their own kids. #cityage
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"boomers" are the generation of the fig tree proper. "this generation shall not pass away"... 2cent. not trollin'.
 
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