Homeownership is massively subsidized via fixed rate mortgages. The idea that is should be a pathway to generational wealth is absurd and is basically a ponzi scheme. Renting isn't, and shouldn't, be viewed as a negative from the start. Families rent a lot in many other countries and it's perfectly fine. |
People would rather own, all other things being equal. But all other things are not equal. When the other factors are considered-- costs, amenities, location, future mobility-- people choose to rent. And that's fine. Condos exist for those who do want to purchase them, but people ultimately choose to rent. I'm sure the reasons differ from person to person, but I strongly suspect it comes down to preferring to retain the flexibility to move without incurring large real estate transaction costs. |
Support more progressive tax policies, then, so that the rich pay more to offset the impacts to the local housing costs. |
People here need to realize that "inclusionary zoning" only exists because people won't accept a real tax to support affordable housing, so counties mandate the builders set aside units for poor people. It is a hidden tax on middle class renters due to lower supply.
What goes unsaid is that rich homeowners are not affected by this policy. In fact, it enriches them because it reduces the supple of housing. This is why NIMBY homeowners yell about "affordable housing". They don't actually care - they just want renters to stay poor and stop development. |
I think it’s a good discussion to have but the council never had that discussion. Instead they pretended to be doing an affordable housing bill. |
Is that the takeaway you get from the above? No one is talking about choosing neighbors. But people have the right to choose neighborhoods and to know, especially if they’re buying a home, that the fundamental character of the neighborhood won’t be undermined to satisfy developer profits. Again, there’s little in these bills that actually help middle and working class people. What I also find so interesting about the so-called YIMBYs is they pretend to care about working class and middle class people but these neighborhoods are ALL middle class and working class people and they DO NOT WANT these bills. They chose to live in the communities and to buy in these communities because they wanted a single family home or a quiet street or to be able to look up and see trees vs buildings. The county is saying they don’t have the right to do that - apparently that’s only for the rich people west county. So hypocritical. |
That’s ludicrous. Also, pay attention. The county just passed a tax abatement that will defer taxes for 100% for 20 years for these developments. That means taxpayers will be footing the bill for all of the infrastructure and schools and upkeep in the meantime. That’s a tax on everyone so that developers make more $$$. That hurts middle and working class people. That makes cost of living higher and quality of life lower. |
Good post but remember the poster you’re replying to doesn’t think that any housing for middle income people should be available in these projects, so that poster actually is a segregationist. |
Funny, I thought schools were for kids and families, not developers. |
You bought a home, not a neighborhood. If the idea of townhomes on your block scares you, buy a 5 acre lot in the boonies. |
Where does this ZTA say you're not allowed to plant trees on your own property? I'm not ok with that. |
First, as another PP said, the evil developer trope is getting old. And it's pure speculation. Second, I fundamentally disagree that people have the right to expect that the "character of their neighborhood" won't change. At a minimum, it that argument doesn't apply to *these* changes. We are talking about a few lots on commuter arteries that now can have residential housing other than SFHs built on them. That's it. And they are limited to 4 units on each lot. Contrary to the more wild red herrings in this thread, the zoning changes don't permit 24-hour bars, hookah lounges, head shops, massive apartment complexes, or the like. So let's be clear - when you make this point, you are arguing that the addition of a few people/families who live in condos or apartments will fundamentally change the character of your neighborhood. Maybe think about that for a second, and what it says about you. |
Sure, it was fine to change the neighborhood when his house was built, but of course it is entirely reasonable to take the position that there should be no other changes without his approval. |
So you’re saying if the council repeals IZ renters will all get lower rents when they renew and everyone will get a tax break? |
Funny I thought the schools, the transit, and the roads made properties more valuable. You’re just trying to capture public investment as part of your profit margin. Do you actually build anything or do you just buy and sell real estate? |