Members banned from this thread: evince, Truth Detector and CFM |
Is bringing down property values necessarily a bad thing? When one bedrooms cost $3,500/mmth and a home costs $1m plus how affordable is that to the average person or how sustainable is that if it keeps going? Our population continues to grow but we have people fighting against new development which only drives up pricing. That's great if you already own but not so much otherwise. It makes for a less dynamic economy and reduces opportunity for people.
Jerome (01-13-2021)
I live in a high rise condo. I can go several blocks in one direction and see extremely expensive homes. I can go several blocks in the other direction and be at a number of strip clubs. The 'beauty' of urban living. But I too enjoy it very much and it is very vibrant.
My preference would be to stay in the City forever but having a young daughter other factors come into play. So as much as I don't want to we've given consideration of moving to the 'burbs. I get the appeal of having a single family home with a yard in a neighborhood with other families and good public schools. I understand that when people move into those types of neighborhoods they usually aren't gung ho to see them change much. I also know the history of segregation and how zoning was used to shape neighborhoods. Thus my support for new development and changing many of the single-family only zoning both comes from a free market perspective as well as the opportunity such development can provide.
My view:
1. If you're 'young', you want to live in a 'Metro Area' where you can meet other young people.
2. Once you become married and have children, you want 'clean air, clean water, and open spaces', which means moving to Suburbia.
3. Most people want to move into a Subdivision that reflects their 'economic status'. Meaning 'Gated Communities', 'Zoned Single-Family', 'Mix of Family Units', 'Trailer Parks'.
4. Black or White, I would guess 50% want to live in a 'Community' that reflects their race.
I tried to elicit this from BAC, but he didn't reply.
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