Anonymous wrote:
Anonymous wrote:
NIMBYS: "We can't allow zoning changes in my neighborhood to allow multifamily housing, it would drive down my property values!! Also, it wouldn't work anyway because building more housing doesn't decrease property values!"
So either NIMBYs are idiots who don't understand their own arguments, or it was never about "property values" in the first place and really all about keeping black and brown people out of their neighborhoods.
Actually, realistically it's probably both.
i mean, empirically it would increase property values, but the increased value would be from the land (because the property owner could tear down the house and put up a duplex or whatever), and people don't necessarily like the idea that they're living in a future teardown.
Plus the usual issues of multifamily housing (aka "not the kind of housing people like me live in") and renting (aka "not the kind of occupancy people like me have").
Plus, of course, they're right that it won't create decent housing that poor people can afford. It's "more-affordable housing" or "less-unaffordable housing," not "affordable housing." No matter how many zoning changes you institute, the market alone won't provide sufficient decent homes that poor people can afford.