Quote:
Originally Posted by Tyrone Slothrop
Here in the Bay Area, the price of housing is insane. The only way to really change it would be to allow people to tear down single-family homes and replace them with denser housing. The people who live in neighborhoods of single-family homes do not want this to happen in their neighborhood, because they do not like change or congestion, and they worry -- with good reason -- that it will reduce the value of their home. They're right!
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Yes. All the new apartments going up in Manhattan are worthless.
(Of course I'm not taking issue with the argument. If you owned a standalone house on a full block you owned in NYC, it would be worth way more than an apartment in a building on that block. But, damn. You don't own the right to every single space within x number of feet of your house just because you don't want the value of that house to drop. And frankly, I'm sick of people using the value of their house to justify every stupid racist, unsupportable notion.)
TM
