Comment by ibejoeb
7 hours ago
>The people living in SFH don't want to move exactly because they're not generating enough tax revenue to keep the city afloat
So the kernel of the argument is that 1) someone bought a single-family home and based on ground truth (property tax, cost of living, etc.) and 2) that property tax isn't sufficient to fund the city?
Can you really blame someone for not sacrificing his position under these circumstances? If I'm meeting my obligation, what do I stand to gain from leaving my house and moving into an apartment? That's saying "I need you to move so that someone else can take your property." It's not going to go over well.
Zoning changes would generally make your property more value as a baseline. Then you could either stay put, or you could elect to move elsewhere while redeveloping your original place. This is common in Australia.
A common zoning change here is based on street frontage for semi-detached homes - the new ones are still 3-4BR, just attached at the garage and with smaller yards. If development required 15m frontage, but then that changed to 12-13m, that would mobilise a lot of owners to take advantage, though obviously others can just stay as is if they prefer.
It usually happens that an $800k lot value becomes $1m, regardless of the state of the house. The owner can then demolish a decades old house, build two places for $600k, sell one as a new home for $800k-1m to finance the build (and costs of moving out during that phase), and end up in a new house themselves. Often they've sacrificed yard that they found annoying to maintain anyway.
The above can be adjusted where it's possible to build 3-4 on a block, or a larger development of apartments.
Zone changes typically allow change, not force it, surely? An owner can just keep their SFH and large yard if they prefer. What they can't always control and often vote against is the composition of their neighbourhood.
>Can you really blame someone for not sacrificing his position under these circumstances?
What? There is a structural deficit problem. The ship is sinking. Complaining about how "we shouldn't have to change anything about the ship" isn't really a reasonable argument. We live on this ship... we have every incentive to make sure it stays above water.
I still don't get it though. Am I right that the proposition is: voluntarily accept a lower quality of life, or we'll either take your property or let it the neighborhood go to pot until you decide to give it up? People are not going to accept that. Look at the fiasco at defunding the fire department. I'll just patch my own sidewalk. I'm not vacating so that the next guy gets a deal. There's plenty of land. Develop there. Why not?
The three options you presented are the three available options. There is no fourth. Make a choice.
You might think there is option 4--municipal bankruptcy--but that is just option 2 and 3 combined.
Building buildings somewhere else will not fix your neighborhood.
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